Tag Archives | KRG

We are Committed to Reforms – KRG’s Barzani

Prime Minister Nechirvan Barzani has said the Kurdistan Regional Government is “firmly insistent to implement administrative reforms”. These remarks were part of a speech he made at the ceremony of presention of the ISO certificate to the KRG Ministry of Interior. He said the aim the KRG wants to attain is “to eliminate bureaucracy, red […]

Genel Energy Confirms KRG Payment

Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government (‘KRG’) as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $11.81 million. The Taq […]

Rosneft, KRG sign Gas Development Agreement

As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Kurdistan Regional Government of Iraq signed an agreement securing the intention of the Parties to make a detailed analysis of potential gas cooperation options. The Parties ensure stepwise implementation of the arrangements following the Investment Agreement signed at the XXI St. Petersburg […]

GKP receives New Payment from KRG

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $18.8 million ($14.7 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during February 2018. (Source: GKP)

KRG PM Barzani receives Minister of Industry and Minerals

KRG Prime Minister Nechirvan Barzani received Iraq’s Minister of Industry and Minerals, Mr. Mohammed Shiaa Al-Sudani and his accompanying delegation. Minister Al Sudani expressed his satisfaction with his visit to the Kurdistan Region and participation at the conference, held in Erbil, on the development of economic relations between the Kurdistan Region and the Islamic Republic […]

DNO Expands and Accelerates Kurdistan Operations

DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with […]

Genel Energy receives Payment for January Sales

Genel Energy has announced that the Taq Taq partners have received a gross payment of $8.30 million from the Kurdistan Regional Government (KRG) for oil sales during January 2018. Genel’s net share of the payment is $4.57 million. Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke […]

GKP Confirms Payment for January Sales

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $23.1 million ($17.8 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during January 2018. (Source: Gulf Keystone)

KRG approves revised Salary Distribution System

In its regular meeting on Wednesday, the Kurdistan Region Council of Ministers discussed and adopted proposed revisions to the salary distribution system, based on funds currently available and projected. In a press conference after the meeting, Prime Minister Nechirvan Barzani briefed the media on the revised salary distribution system. He said the KRG fully understands […]