Gulf Keystone Petroleum (GKP) has confirmed that, further to the recent statement by the Kurdistan Regional Government regarding the November payment to the exporting international oil companies ("IOCs") in the region, a gross payment of US$15 million (US$12 million net to Gulf Keystone) has been received by the Company. This payment satisfies the Company's invoice […]
By John Lee. The Swedish Transport Agency (Transportstyrelsen) has reportedly banned all flights from Northern Iraq. According to a report from ch-aviation.com, Transportstyrelsen said the increased military activity across northern Iraq posed a threat to civilian flights thus warranting a ban. Iraqi Airways and Germania had connected Sulaymaniyah with Malmö and Stockholm Arlanda respectively, while […]
By John Lee. Yonhap news agency reports that South Korea has offered an additional $1 million in aid to Iraqi refugees. This brings South Korea's total so far this year to $6 million, which has been offered through various international organizations such as UNICEF, the World Food Programme (WFP), the World Health Organization (WHO), and […]
KRG President Masoud Barzani as part of his visit to the Persian Gulf region has met with His Majesty King Salman bin Abdulaziz al-Saud, the king of Saudi Arabia. King Salman and President Barzani discussed the current issues facing the region in particular and te entirety of the world in general in the hands of […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted two […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 16 remittance companies took part in its currency auction on Wednesday. A total of $170,760,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq's oil exports rose to a record average of 3.37 million barrels per day in November, up from 2.7 million bpd the previous month, reports Reuters. Officials at the South Oil Company (SOC) said the jump in exports was facilitated by the large quantities of crude held in storage due to bad […]
By John Lee. UAE-based Dana Gas has announced that it has reached an “amicable and mutually beneficial settlement agreement” with RWE’s trading unit RWE Suppy & Trading GmbH (RWEST) to resolve a dispute over its operations in Iraqi Kurdistan. The detailed terms of the settlement agreement are to be treated in accordance with the confidentiality […]
In its Third Quarter results published today, Lukoil has given the following update on its operations at the West Qurna-2 oilfield: On December 12, 2009, a consortium of a Group company and Statoil won the tender for development of the West Qurna-2 field in Iraq, one of the largest crude oil fields discovered in the […]
By John Lee. The head of the Parliamentary Committee for Municipality and Tourism has said that there is a grave threat to water resources in parts of Iraqi Kurdistan due to an Iranian policy that will dry up the Region’s water resources originating in Iran. After visiting the Sirwan River in Halabjah province, Omer Haji […]
Foreign affairs minister Dr Ibrahim Al-Jaafari met the head of Iraq-Japan Friendship Association Ms Yuriko Koike last week in the Japanese capital Tokyo. During the meeting, they reviewed the bilateral relations and regional and international issues that concern both sides, as well as, discussing the work of the Association and its activities, in favour of […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber and remotely piloted […]
