Tag Archives | Kurdistan News

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

Conflict over Kirkuk Oil Returns

By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On March 2, a military force affiliated with the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani seized the North Oil Company in Kirkuk province. The military […]

Gulf Keystone: Statement Regarding Recent Media

Further to reports in the media this week, Gulf Keystone (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, is today clarifying certain points regarding the marketing of Shaikan crude. Recent media does not correctly represent the views of the Company and its Executives. The inference is that the company does not know […]

Japan supporting Community Police Centers in Kurdistan

Japan supports the construction and rehabilitation of the Community Police Centers in the Kurdistan Region of Iraq Thirty community police centers were handed over today to the Police Directorate of Kurdistan Regional Government’s Ministry of Interior, as part of the continuing support from the Government of Japan to Iraq. The project, “Improving the Impact, Effectiveness, […]

ShaMaran Shares Gain on Results

Shares in ShaMaran Petroleum gained 5 percent on Thursday after the company announced its financial and operating results for year ended December 31, 2016. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. Highlights and accomplishments included: Construction of the 30,000 bopd Atrush […]

Oil Ministry “Unaware” of Kirkuk Oil Deal

By John Lee. A spokesperson of the Iraqi oil ministry has told Rudaw that the Ministry is not aware of any agreement between Prime Minister Haider al-Abadi and the Patriotic Union of Kurdistan (PUK) to end disputes over oil production and exports from the disputed Kirkuk oil fields. Reuters quoted PUK deputy chief Kosrat Rasul […]

UN opens another Support Centre for Women in Kurdistan

Kurdistan Regional Government Prime Minister, Nechirvan Barzani received Ms. Zainab Bangura, Special Representative of the United Nations Secretary General on Sexual Violence in Conflict, and her accompanying delegation. Ms. Bangura expressed her appreciation for the collaboration and assistance offered by the Kurdistan Regional Government’s institutions to the UN organizations, especially in the field of work […]

Iraq, Iran agree to Resolve Dispute on Joint Oil Fields

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]

WesternZagros Announces increased Oil Reserves

WesternZagros Resources has announced a 60 percent increase in the company’s Proved plus Probable (“2P”) Reserves and a 250 percent increase in the net present value of the future net revenue of such reserves discounted at 10 percent (“NPV10”). The company has also provide d an Operational Update and confirmation of receipt of all proceeds […]

American Corner opened in University of Kurdistan Hewler

The Head of the KRG Department of Foreign Relations, Falah Mustafa, attended the opening ceremony of the American Corner in the University of Kurdistan Hewler (UKH) in Erbil. The American corner will focus on promoting education in the host community, student exchange programs between the Kurdistan Region and the United States, providing electronic databases and […]

Presidents Barzani and Erdogan Meet in Turkey

President Masoud Barzani visited Turkey to be received by President Recep Tayyip Erdogan to discuss a series of important issues facing the region. During the meeting President Barzani and President Erdogan spoke of the ongoing military operation against the terrorists of the Islamic State in the city of Mosul where President Barzani reiterated his position […]

Shaikan Crude to be Exported by Truck

Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government’s Ministry of Natural Resources (MNR) is to begin exporting all Shaikan crude production via trucks to Turkey, from the end of February. Subsequently, no Shaikan crude will be injected into the Kirkuk-Ceyhan export pipeline at Fishkhabour, until […]

Rosneft and KRG sign Oil Deal

Russia’s Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the IP week conference in London. Pursuant to the Cooperation Agreement the parties signed a pre-financed Crude Oil Purchase and Sale Contract of Kurdistan Region […]