Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

GKP Confirms July Oil Payment from KRG

By John Lee. Gulf Keystone (GKP) has confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in July 2016. The company said in a statement that it and the KRG’s Ministry of Natural Resources (MNR) continue to work towards agreeing […]

New Funding Facility for Economic Reform in Kurdistan

A new Funding Facility for Economic Reform is being established to accelerate reforms in the Kurdistan Region The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to […]

Genel Energy receives Payment for July Sales

By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government (‘KRG’) for oil sales during July 2016. Genel’s net share of the payment is $12.85 million. The payment reflects full settlement of the invoiced amount for July 2016 oil […]

Scholarship Scheme for Syrian refugees in Kurdistan

UNHCR scholarship scheme helps Syrian refugees access university degrees in the Kurdistan Region of Iraq UNHCR, the UN Refugee Agency, in coordination with the Ministry of Higher Education and Scientific Research of the Kurdistan Region of Iraq (KR-I), this week opened its DAFI scholarship enrolment programme in KR-I and started receiving applications. UNHCR’s higher education […]

Gulf Keystone Petroleum: Half-Year Report

Gulf Keystone Petroleum (GKP) has announced its results for the six months ended 30 June 2016. Operational highlights Security situation and HSSE performance All operations in the Kurdistan Region of Iraq remain safe and secure with no significant HSSE incidents during the period Production and sales Strong production performance resulted in gross production of 6.0 […]

Baghdad Denies New Oil Export Agreement with Erbil

By John Lee. Iraq’s Ministry of Oil has denied that there is any new agreement between Baghdad and Erbil regarding the export of crude oil. In a statement issued on Monday, the ministry confirms that “the last agreement is still active … [and it] includes the budgets of the last two years in addition to […]

Kurdish Private Company Buys “Gulenist” Schools

By John Lee. TThe Khoshnaw Group, a Kurdish private company, has reportedly bought the Ishik educational institutions in Iraqi Kurdistan. BasNews says that the chain of fee-paying schools and universities were affiliated with the Gulenist Movement in Turkey, and are attended by nearly 40,000 students. No further details of the deal and the future administration […]

Kirkuk Pipeline hit by ‘Technical Defect’

A pipeline pumping around 90,000 bpd from a field near Kirkuk to the Turkish port of Ceyhan (pictured) via Kurdistan reportedly stopped operations on Monday morning due to a “technical defect“. North Oil Company (NOC) sources told Reuters on Wednesday that maintenance teams are working to repair the pipeline, which is expected to resume operations within […]

Baghdad wants to take back Kirkuk Oil Fields

By John Lee. Iraq’s Ministry of Oil has said it will try to retake full control of all Kirkuk oilfields that were administered by the North Oil Company (NOC) before the Islamic State group (IS, ISIS, ISIL, Daesh) entered Iraqi territories, and “before the Peshmerga forces seized some oil wells during the previous government.” It […]

GKP Reports on Payments to Governments

Gulf Keystone Petroleum has issued the details of the payments made to governments for the year ended 31 December 2015, as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority. Basis for preparation Total payments below £86,000 made to a government are excluded from this report as permitted under the Regulations. […]

Ukraine to open Consulate in Kurdistan

In his meeting with the KRG Minister of Foreign Relations, Ambassador of Ukraine to Iraq Mr. Anatolii Marynts announced the decision of the government of Ukraine to open an honorary consulate in the Kurdistan Region in a near future. The Ambassador expressed his government’s desire to further broaden ties with the Kurdistan Region in various […]