Tag Archives | Kurdistan News

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

UNDP supports Basic Services in Erbil

The United Nations Development Programme (UNDP) and Erbil Governorate have launched eight infrastructure projects to improve services that are fundamental to daily life, such as electricity, water, roads, and sewerage, for over 284,000 people across the Governorate of Erbil. With the continuous support from the Government of Germany, UNDP’s Iraq Crisis Response and Resilience Programme […]

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Dana Gas gets $44m from KRG in 1H

By John Lee. Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June. The company added that the capacity to process […]

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GKP Completes $100m Bond Issue

Gulf Keystone Petroleum Ltd., operator of the Shaikan Field in the Kurdistan Region of Iraq, has announced the successful completion of the private placement of a 5-year senior unsecured $100 million bond issue (the “New Notes”). The New Notes will be issued at 100 percent of par and carry a 10 percent fixed semi-annual coupon. […]

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KRG and Iraqi Customs Duties to be Unified

By John Lee. Iraq and the Kurdistan Regional Government (KRG) will reportedly soon unify customs duties to streamline the system and prevent the double taxation of the Kurdistan Region’s businessmen. According to Rudaw, Erbil and Baghdad have two different customs fees, causing disputes between the two aresa. They previously reached a preliminary agreement on unifying […]

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KRG Barzani, US CENTCOM discuss Security Developments

Prime Minister Nechirvan Barzani received the commander of the US Central Command (CENTCOM) General Joseph Votel, US Consul-General in the Kurdistan Region Ken Gross and their accompanying delegation. They discussed security and political developments in Iraq and the wider region, highlighted steps towards the formation of the new Iraqi government and the role of the […]

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GKP Shares Gain following Update

Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, were trading up 10 percent on Friday after the company issued an operational and corporate update. Highlights Agreement with the Kurdistan Regional Government’s (“KRG”) Ministry of Natural Resources (“MNR”) and MOL Hungarian Oil & Gas plc (“MOL”) has been reached in […]

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Oryx: Successful Appraisal Well at Banan Field

Oryx Petroleum Announces Successful Appraisal Well at the Banan field Oryx Petroleum has announced an update on the drilling of an appraisal well targeting the Tertiary reservoir at the Banan field in the Hawler license area in the Kurdistan Region of Iraq. As at December 31, 2017, 26 million barrels (“bbl”) of unrisked gross (100%) […]

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GKP Receives Further Payment from KRG

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $19.7 million ($15.5 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during March 2018. (Source: GKP)

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New Airline Launched in Iraqi Kurdistan

By John Lee. Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on Monday. The plane set off from Erbil International Airport en route to Stockholm in Sweden. The airline’s administrative director Ahmad Jamal told AFP that Fly Erbil currently has three planes and plans to increase to 10 in the future. […]

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