Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Padraig O'Hannelly. The Kurdistan Regional Government (KRG) has upped the ante in the continuing dispute with Baghdad over oil export revenues. In response to what it describes as "the Iraqi federal government ... not sharing revenues in accordance with the Iraqi Constitution", the KRG has threatened to take legal action against anyone who buys […]
By John Lee. Oil Minister Abdul Kareem al-Luaibi [Elaibi] (pictured) has said that the Iraqi government is dedicated to supplying the ideal safe environment for international companies working in Iraq: "Work in oil refining facilities and oil fields is normal and the ministry has supplied the extra protection needed for those locations by coordinating with […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Many in Baghdad fear that Iraq is falling apart, given the complex situation that saw the oil-rich country divided into three parts: an autonomous Kurdish region, a Sunni de facto state, while the Shiites, […]
The Kurdistan Regional Government (KRG) threatened on Wednesday to take legal action against buyers of Iraqi oil unless the autonomous region is paid its share of revenue from any sales. The full text of the statement from the KRG follows: Under Article 112 of the Iraqi Constitution, the Iraqi federal government is legally required to […]
By John Lee. Oryx Petroleum Corporation announced a production and drilling update on Monday for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-6 appraisal well (“DD-6”). Oryx Petroleum is the operator and has a 65% participating and working interest in the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkish truck drivers continue to make the voyage to Iraq despite the country's volatile state. Iraq is Turkey's second largest export market and despite the dangers, it remains an important source of trade. […]
Further to the announcement by the Company on 16 June 2014, Petroceltic, the independent oil and gas exploration and production company focussed on the Middle East, North Africa, Mediterranean and Black Sea regions, today announces a number of changes to the Board of the Company with immediate effect. The Company welcomes Mr Don Wolcott and […]
Genel Energy has issued a Trading and Operations Update in advance of the Company's half-year 2014 results, which are scheduled for release on 5 August 2014. PRODUCTION AND REVENUES UPDATE Gross production from Taq Taq averaged 92,000 bopd in H1 2014 and 113,000 bopd in June. Gross production from Tawke averaged 84,000 bopd in H1 […]
Kurdistan Region President Masoud Barzani visited the Iraqi Kurdistan Parliament yesterday, requesting the Parliament to immediately undertake the task of creating an independent electoral commission for the Region, and to begin preparations for holding a referendum for the people of Kurdistan to decide their future. In his remarks to the Parliament, the President urged Members […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of the Kurdish region of northern Iraq has asked his parliament to prepare for a referendum on independence, potentially paving the way for the break-up of the country of Iraq. Al […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nuri al-Maliki on Wednesday rejected an assertion by the country's autonomous Kurdish region that its control of disputed territory is here to stay.
By John Lee. Iraq’s Supreme Court has turned down a request from oil minister Abdul Kareem al-Luaibi [Elaibi] to issue a temporary injunction against the Kurdistan Regional Government to prevent direct oil exports from the region. According to a report from Rudaw, the unanimous ruling prompted the KRG to declare victory in its dispute with Baghdad […]
