Tag Archives | Kurdistan News

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

New Pipeline to Transport Iraqi Oil to Turkey

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  New pipeline in works to transport Iraqi oil to Turkey Ankara and Baghdad are working toward building a new oil pipeline with the capacity to transport one million barrels per day from Iraq’s […]

GKP: “Significant, Phased, Production Uplift”

Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan” or “Kurdistan Region”), has announced its results for the half year ended 30 June 2019. Highlights to 30 June 2019 and post reporting period Operational Average production during August was 39,269 bopd, reflecting the positive results from the […]

Iraq to Reduce Oil Production from October

By John Lee. Oil minister Thamer al-Ghadhban (pictured) has said Iraq will reduce oil production from October, in the hope of achieving stability in the world oil market. He added that talks with Iraqi Kurdistan on coordinating the export of oil from the two regions were in “advanced stages“. (Source: Iraqi Ministry of Oil)

Oilserv Wins Contract at Sarta Oilfield

By John Lee. Genel Energy has confirmed that Chevron Sarta, as operator of the Sarta field (Genel 30% working interest), has signed a contract with Dubai-based OILSERV for the construction, installation, operation and maintenance of a 20,000 bopd central processing facility (‘CPF’). OILSERV has been contracted for the facility through a lease agreement. The commissioning […]

Entrepreneurs ready for Hackathon Weekend in Sulaimani

Hackasuly, the largest international hackathon in Iraq, brings the coding community together over a weekend to work in teams and turn their ideas into technological solutions on September 5th – 7th. This year, the organisers are accepting projects in three different and exciting tracks: AI & Data Science E-Society Fintech The goal is to help […]

Oil, Budgets, Kirkuk still nag Baghdad-Erbil Relations

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.   Oil, budgets, Kirkuk still nag Baghdad-Erbil relations Meetings last month between representatives of Iraq’s federal government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil failed to produce […]

Atrush Block drives Production Gains at TAQA

By John Lee. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. In its financial results and operational highlights for the six-month period ending June 30, […]

Local Dried Fruits Difficult to Sell in Kurdistan

Fruit prices plummeted considerably during the summer harvest season in the Kurdistan Region, so much so that the price of harvesting the fruits and transporting them to wholesale markets sometimes outweighs their sale price. In the past, farmers used to dry these fruits and sell them that way to make a profit. But nowadays, 95 […]

Genel Energy declares maiden Interim Dividend

Genel Energy has announced its unaudited results for the six months ended 30 June 2019. Bill Higgs (pictured), Chief Executive of Genel, said: “These results demonstrate the continued success of our strategy -highly cash generative productionunderpins capital investment in growth opportunities that deliver rapid returns and enables a compelling cash return to shareholders through our […]

Dana Gas Kurdistan Revenues up 74%

Dana Gas has announced that its share of Pearl Petroleum’s collections from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI) rose 74 percent in the first half of 2019. The company, which owns a 35 percent stake in Pearl Petroleum, saw its share of the collections increase to $80.0 […]

Production at Tawke and Peshkabir up 20%

By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced what it described as solid first half 2019 financial and operating results as the company continued to deliver the largest drilling program in its 48-year history: “H1 2019 revenue totalled USD 470 million, up 62 percent from the same period last year, […]