Tag Archives | Kurdistan News

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

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)

German Archaeologists Discover Ancient City of Mardaman

Translations of Assyrian writings found by archaeologists from the University of Tübingen have yielded a secret lost to history: The place where the clay tablets were found – Bassetki, in Autonomous Region of Kurdistan in Iraq – appears to be the ancient royal city of Mardaman. This important northern Mesopotamian city is cited in ancient […]

Genel Energy Shares Up Sharply on AGM Statement

By John Lee. Shares in Genel Energy were trading up 8 percent on Thursday morning after the company announced a big jump in cash reserves and positive developments at Peshkabir: Stephen Whyte (pictured), Chairman of GenelEnergy plc gave the following update at the company’s Annual General Meeting this morning: “After a landmark 2017, Genel is […]

Human Rights Training for NGOs in Dohuk

The United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) organized a training course in Dohuk for human rights activists and staff members of NGOs working in the field of human rights in Dohuk Governorate. The training course, entitled “Strengthening Human Rights Monitoring and Documentation Skills,” was part of a series of activities […]

Startup Bootcamp: ‘Entrepreneurship for All’ Programme

Startup Bootcamp, an entrepreneurship training to promote development of innovative business ideas among young innovators, entrepreneurs and software developers from displaced, refugee and host communities, took place on 4-5 May in Erbil, Kurdistan Region of Iraq. The event was supported by IOM Iraq, and organized by Five One Labs, a start-up incubator based in Iraq that assists displaced […]

Safe Drinking Water for 33,000 in Erbil Governorate

Access to safe drinking water is ensured for over 33,000 people in the Governorate of Erbil The United Nations Development Programme (UNDP) and Erbil Governorate completed the rehabilitation of the main water treatment plant in Rawanduz sub-district, which provided safe drinking water to over 33,000 people, including 2,000 internally displaced people (IDPs). With support from […]

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 […]

Gazprom Neft commissions Second Well at Sarqala

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). The new well is currently producing 11,000 barrels per day (bpd), with potential to increase this to 15,000. Total daily production at […]

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 […]