Tag Archives | Kurdistan News

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

DNO: First Payment under Kurdistan Receivables Settlement

DNO ASA, the Norwegian oil and gas operator, today reported the first payment from the Kurdistan Regional Government under the recently concluded agreement covering outstanding receivables for past crude oil deliveries. Under the agreement effective 1 August 2017, the Company was assigned the Government’s 20 percent interest in the Tawke license as well as three […]

Federal Forces Advance on Kirkuk City

Iraqi Security Forces (ISF), Counterterrorism Services (CTS), Federal Police (FP), and Popular Mobilization Units (PMU) launched a combined offensive with intent to seize the K1 military base, Kirkuk airport, and Kirkuk’s oilfields at around 0200hrs (local) on October 16. The offensive followed two days of failed negotiations after the government of Iraq demanded Kurdish forces […]

Iran Reported to have Shut Crossing with Kurdish Region

Iran reported to have shut crossing with Kurdish region; subsequently denied by Iran Reports on October 15 claimed that the Iranian authorities shut a main border crossing with the Kurdish region amid increased tensions. Ali Tawfiq, director of the terminal in Sulaimaniyah province reported that the main border crossing at Bashmaq had been closed by […]

OMV Pockets $107m from KRG Settlement

By John Lee. Austria’s OMV has said its third-quarter clean operating result “was positively impacted” by about 90 million euro ($107 million) following a settlement over a dispute relating to the Khor Mor and Chemchemal fields in Iraqi Kurdistan. On August 30, 2017, the Kurdistan Regional Government (KRG) and Dana Gas , Crescent Petroleum and […]

KRG Makes Payments for July Oil Exports

Genel Energy has announced that the Taq Taq field partners have received a gross payment of $10.39 million from the Kurdistan Regional Government for oil sales during July 2017. Genel’s net share of the payment is $5.71 million. Gross oil sales from the Taq Taq field in July 2017 averaged 14,873 bopd, including both exports […]

Kurdish Referendum may see Iraqi Elections Postponed

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Baghdad, the Kurdish referendum has dominated all other official proceedings. Lack of progress on electoral laws means federal elections could be postponed – again. The controversial Iraqi Kurdish referendum […]

US stops paying Peshmerga amid Kurdish Independence Backlash

By Jack Detsch for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Pentagon stops paying peshmerga salaries amid Kurdish independence backlash The US government has stopped paying Kurdish peshmerga fighters’ salaries after a yearlong agreement expired over the summer, and there are no current plans […]

Govt demands Asiacell & Korek Relocate to Baghdad

By John Lee. Mobile phone operators based in Iraqi Kurdistan have reportedly been told by the Iraqi government to move their headquarters to Baghdad, following the region’s recent vote for independence. Asiacell is based in the Kurdish city of Sulaymaniyah, while Korek is based in Erbil; Zain, however, is based in Baghdad. According to a […]

Petrofac in Kurdistan Deal with Gazprom Neft

Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B.V. with the provision of engineering services on a call-off basis for the Garmian field in the Kurdistan region of Iraq. The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has […]

Taq Taq September Production Below Average

By John Lee. Genel Energy has announced that production at its Taq Taq field in Iraqi Kurdistan, in which it has a 44 percent working interest, averaged 13,475 barrels per day in September. This is considerably below the 2017 year-to-date average of 19,398 barrels per day. (Source: Genel Energy)