Tag Archives | KRG

Assessment of KRG-Rosneft Recent Deals

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of my Kurdish colleagues, members of the Finance and Oil Committees in the Iraqi federal Parliament, asked for my opinion on these deals. In response to that request and due to […]

‘Peace Radio’ Inspires Refugees and Displaced

By Marta Bellingreri for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  “Do you think you will come back soon to your city?” asked Ronza, a Yazidi woman working for Radio Salam (Peace Radio), to a woman from Qaraqosh. “Inshallah [God willing]. […]

Genel Energy Receives Payment for Exports

Genel Energy has announced that the Taq Taq field partners have received a gross payment of $15.24 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2017. Genel’s net share of the payment is $8.38 million. The payment reflects full settlement of the invoiced amount for March 2017 oil sales, and incorporates […]

Many Obstacles to Kurdistan Independence Referendum

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces many Obstacles to Independence Referendum Iraq’s Kurdistan Regional Government (KRG) announced May 24 that it had formally informed the United Nations Security Council of its intention […]

Kurds to hold Independence Referendum in Sept

By John Lee. The Kurdistan Region of Iraq is to hold a referendum on independence on 25th September. According to BBC News, there was no immediate comment from Iraq’s central government, but it has urged Kurds not to hold a referendum. Moves towards outright independence have historically been opposed by the governments of neighbouring Iran, […]

GKP Shaikan Payment Update

By John Lee. Gulf Keystone Petroleum (GKP) has announced that the Kurdistan Regional Government (KRG) has made a gross payment of $15.0 million ($12.0 million net to GKP) for Shaikan crude export sales in February 2017. (Source: GKP)

PM Barzani meets Rosneft Board

By John Lee. A delegation headed by the KRG’s Prime Minister Nechirvan Barzani met the board of Rosneft, including CEO Igor Sechin, in St. Petersburg on Thursday. The meeting is said to have centred around cooperation between the KRG and Rosneft in the Kurdish energy sector. In February, the KRG negotiated a deal with Rosneft […]

Barzani meets Gazprom Neft head in Russia

By John Lee. KRG Prime Minister Nechirvan Barzani and his accompanying delegation have met with the head of Gazprom Neft, Alexander Dukov, in St Petersburg.  Dukov briefed the Prime Minister about the company’s work and activites of the region, while Barzani thanked him for his support for the region in difficult times. (Source: KRG)

Kurds stock up on Spirits as Ramadan kicks off

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Residents of Iraqi Kurdistan stock up on spirits as Ramadan kicks off While Iraqi security forces were busy clearing the last pockets of Islamic State-controlled areas in Mosul and the wider public in Iraq was […]

DNO Reports Payment for Tawke Deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 34.73 million toward monthly […]

KRG to Reform Armed Forces

Kurdistan Regional Government to reform its armed forces with the support of International Coalition As part of the Kurdistan Regional Government’s continuing reforms, the Ministry of Peshmerga Affairs will implement significant reform measures with assistance from a joint team of military experts from the United States, the United Kingdom, and Germany. Prime Minister Barzani, Deputy […]

5 Reasons why Kurdistan will Power Iraqi Tech Growth

By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan, or the Kurdistan Region, is the autonomous region in the north of Iraq. Its economy is mainly powered by oil, and to a lesser extent other industries. Its capital city is […]