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Baghdad seeks Concessions before Negotiating with Kurds

By on 22nd December 2017 in Politics, Security

By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Trying to jump-start discussions with Iraq's central government, the Kurdistan Regional Government (KRG) in Erbil recently announced it will respect the Iraqi Federal Court's ecision that the KRG independence referendum was unconstitutional. But Baghdad has amplified its demands for opening a dialogue, which […]

Oil Ministry starts taking over Majnoon Ops

By on 21st December 2017 in Iraq Oil & Gas News

By John Lee. Reuters reports that Iraq's oil ministry has said it had started to take over operations at Majnoon oilfield from Shell. Earlier this year, Shell said it will exit the field, which is expected to happen by the end of June. The ministry has formed a management team to handle production after the […]

Kurdistan quickly Descending into Chaos

By on 21st December 2017 in Politics, Security

By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The Kurdistan region of Iraq is fast descending into chaos, with protests continuing for the third day in some parts of Sulaimaniyah province and security forces using live ammunition […]

Shaikan Payment Update

By on 21st December 2017 in Iraq Oil & Gas News

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in August 2017. (Source: GKP)

Iraq’s Fifth Licensing Round

By on 20th December 2017 in Alessandro Bacci, Blog, Iraq Oil & Gas News

By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil has repeatedly said that it would like to renegotiate the terms of its service contracts with the international oil companies (IOCs) to link the fees the companies receive for […]

IBN Welcomes New Expert Blogger

By on 20th December 2017 in Alessandro Bacci, Blog, Iraq Oil & Gas News

By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome a new Expert Blogger to our ranks: Alessandro Bacci (pictured) is an independent energy consultant in relation to business strategy and corporate diplomacy (policy, government, and public affairs). Much of his activity is linked to the MENA region, an area where […]

Genel Energy confirms Payments for KRI Oil Exports

By on 20th December 2017 in Iraq Oil & Gas News

Genel Energy has announced the receipt of payments from the Kurdistan Regional Government (KRG) for oil sales during September 2017 from the Tawke and Taq Taq PSCs. DNO ASA, as operator of the Tawke PSC, has announced the receipt of $54.32 million from the KRG as payment towards September 2017 crude oil deliveries to the […]

UNAMI "Deeply Concerned" about Violence in Kurdistan

By on 20th December 2017 in Security

The United Nations Assistance Mission for Iraq (UNAMI) is deeply concerned about the violence and the reported casualties during demonstrations in the Kurdistan Region of Iraq (KRI) in the last two days, and calls for restraint and calm on all sides. The people have the right to partake in peaceful demonstrations, and the authorities in […]

Lukoil signs Contract for Exploration at Block 10

By on 18th December 2017 in Iraq Oil & Gas News

Russia's Lukoil has signed contracts with the state-owned Iraqi Oil Exploration Company to carry out seismic surveys at the Eridu field in Block 10, and also at Block 10's southern and central parts, previously not part of the survey. The scope of appraisal works at Eridu field includes a 3D seismic survey of 983 square kilometers to […]

Hanwha briefs PM on Progress at Bismaya Housing Complex

By on 18th December 2017 in Construction & Engineering In Iraq

By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]

Netherlands increases Support to Newly Liberated Areas

By on 18th December 2017 in Construction & Engineering In Iraq, Security

The Government of Netherlands has contributed an additional USD 14.2 million (EUR 12 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). The Netherlands is currently the fourth largest donor supporting stabilization work in Iraq, with a total […]