Tag Archives | Kurdistan News

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

DNO Makes $300m Bid for Gulf Keystone

DNO ASA, the Norwegian oil and gas operator, this morning unveiled a proposal to acquire for USD 300 million all of the enlarged share capital in Gulf Keystone Petroleum Ltd following the latter’s contemplated financial restructuring announced earlier this month. The terms of the DNO proposal, which would comprise cash and shares, reflect a 20 […]

Human Rights Training Course for DFR Staff

From 27 to 28 of July 2016, the United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) in the Kurdistan Region conducted a specialized training course on the United Nations Human Rights Protection System for the DFR staff members. Twenty staff members participated in the course. The training course focused on increasing the […]

Genel Energy Receives Full Payment for June

Genel Energy has announced that the Taq Taq field partners have received a gross payment of $24.91 million from the Kurdistan Regional Government for oil sales during June 2016. Genel’s net share of the payment is $13.70 million. The payment reflects full settlement of the invoiced amount for June 2016 oil sales, and incorporates $20.82 […]

KRG PM: Education is Key to Success and Progress

Kurdistan Regional Government Prime Minister Nechirvan Barzani says education is the key to success and progress in Kurdistan. Prime Minister Barzani says, development and prosperity are achieved through the advancement of Kurdistan’s education system. Mr. Barzani made the statement during a special ceremony held on Tuesday in Erbil to honor top students for 2015-2016 academic […]

KRG PM Condemns Attempted Turkish Coup

Kurdistan Regional Government Prime Minister Nechirvan Barzani released a statement on Saturday regarding the failed military coup in Turkey. Prime Minister Barzani congratulated the people, President and Prime Minister of Turkey after the will of people defeated the coup d’etat planners. Below is Prime Minister Barzani’s statement: “We are pleased to see the triumph of […]

KRG, Austrian FMs discuss Security

Head of KRG Foreign Relations, Minister Falah Mustafa, on Friday received Austria’s Minister for Foreign Affairs, Sebastian Kurz in his second visit to Kurdistan to discuss strengthening of bilateral relations as well as recent developments. Both Ministers expressed delight at the level of bilateral cooperation between both governments and expressed their commitment to broaden their […]

Video: US gives more aid to Iraqi Kurds to fight IS

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The U.S has signed a deal with the Kurdish regional government in northern Iraq, to help in the fight against ISIL (Islamic State group, ISIS, Daesh). The agreement bypasses Iraqi government leaders in […]

Bondholders Take Control of GKP in $500m Restructuring

By John Lee. Gulf Keystone Petroleum (GKP) announced this morning that $500 million worth of company bonds are to be converted into equity, diluting current shareholders to a stake of just 5 percent of the company. The company’s shares fell another 40 percent in early trading, and a new Chairman, Keith Lough, has been appointed […]

KRG Publishes June Production and Export Data

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for June 2016. During the month it exported 514k bpd from the Turkish port of Ceyhan, very slightly up on the previous month, at an average price of $36.43 per barrel, bringing in revenue of $562 million. The report is published […]

Kurdistan, US sign MoU on Military Coordination

President Masoud Barzani received a United States military delegation headed by Ms. Elissa Slotkin, the acting assistant Secretary of Defense for International Security Affairs. This meeting was followed by a telephone conversation between President Barzani and Mr. Ashton Carter, the U.S. Secretary of Defense. President Barzani and Ms. Slotkin discussed the liberation of Mosul and […]

New Alliance among Kurds may Deepen Divisions

By Mohammed A. Salih, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. How new alliance among Iraq’s Kurds might actually deepen divisions Often touted as the main beneficiaries of Iraq’s post-Saddam Hussein order, the Kurds obtained political recognition for their autonomous region in the country’s […]

Genel Energy gives Operational Update

Genel Energy has announced that the TT-27x side-track well has been successfully drilled and completed in the Cretaceous Shiranish reservoir at the Taq Taq field (Genel 44% working interest, joint operator). The TT-27x side-track was the first well in the 2016 Taq Taq work programme, which aims to more evenly distribute the production rate over […]