By John Lee. US-based Chevron plans to resume drilling at the Sarta 3 block in Iraqi Kurdistan. According to a report from Bloomberg, the company had temporarily halted exploration work in October after the Kurds voted in favour of independence. Chevron acquired Reliance Exploration & Production DMCC's 80 percent interest and operatorship of the production sharing contracts […]
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. By Sarchin Salih. Kurdish Crises Drive Kurdish Investors to put their Money Elsewhere It’s not only Iraqi and international investors getting their money out of Iraqi Kurdistan. Financial and political […]
The U.S. government strongly supports holding the Iraqi national elections in May 2018, in line with the Iraqi constitution. Postponing the elections would set a dangerous precedent, undermining the constitution and damaging Iraq’s long-term democratic development. To that end, the United States is providing assistance that will help ensure that all Iraqi voices are heard […]
By John Lee. The number of civilian contractors supporting U.S. and coalition operations in Iraq against the Islamic State has risen 37 percent from January 2017 to January 2018 -- from 3,592 to 4,927 -- according CENTCOM: Contractors supporting base operations rose from 564 contractors at the start of the period to 827 contractors currently; […]
As the Kurdistan Regional Government has promised, and to prove its commitment to transparency in the entire oil and gas sector of the Kurdistan Region, today the first report by the international auditing company, Deloitte, is released. The report, which includes verified numbers of export and sales of oil in the Kurdistan Region for the […]
Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on Tuesday, President Hassan Rouhani said expansion of economic and trade ties between the two neighbors hinges on enhanced baking relations. The central banks of […]
By John Lee. Genel Energy has announced that the Taq Taq partners have received a gross payment of $10.10 million from the Kurdistan Regional Government for oil sales during October 2017. Genel's net share of the payment is $5.55 million. (Source: Genel Energy)
By Mahmut Bozarslan for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The partnership Turkey, Iran and Iraq formed against the Kurdistan Regional Government (KRG) independence referendum in September has left Tehran pleased but left Ankara severely disappointed. Ankara had two basic expectations about the partnership. First, Turkish officials believed […]
Iraq Business News is proud to announce that our Expert Blogger Ahmed Mousa Jiyad has just contributed to a major new book on the regulation of the upstream oil and gas industry. The second edition of Upstream Law and Regulation: A Global Guide, published by Globe Law and Business, summarises the upstream regulation and the […]
Gulf Keystone Petroleum (GKP) has announced that a crude oil sales agreement has been signed between Gulf Keystone Petroleum International Ltd ("GKPI"), on behalf of the Shaikan contractors, and the Kurdistan Regional Government (KRG). Under the agreement, the KRG will purchase Shaikan crude oil at the monthly average Dated Brent oil price minus a total […]
By John Lee. Plans are reportedly progressing to launch a free ka-band satellite broadband service in Iraq in the second quarter of 2018. UK-based Quika promises the world’s first entirely free high-speed satellite internet for consumers in developing countries. Its free plan will be funded by paid-for services for enterprises and internet providers. According to […]
Number of Returns Exceeds Number of Displaced Iraqis: UN Migration Agency For the first time since the beginning of the Iraq crisis in December 2013, the number of people returning to their area of origin has surpassed the number of people displaced in the country. Over the past four years, the country has been deeply […]
