Tag Archives | Ashti Hawrami

Hawrami Hits Back at "Baseless" Reports on US Oil Policy

By John Lee. Kurdistan's Minister for Natural Resources, Ashti Hawrami (pictured), has hit back at reports that the US has warned oil companies not to sign any oil deals with Kurdistan without Baghdad's approval or Baghdad may take legal action against them. According to AKnews, Hawrami described the media reports quoting Nuland as "baseless ….These […]

KRG to Halt Oil Exports if Baghdad Doesn’t Pay

Just days after agreeing to re-start oil exports from the Kurdistan region, Ashti Hawrami (pictured), the KRG's Minister of Natural Resources, said the region would halt oil exports at the end of the month if Baghdad does not make all outstanding payments to companies working in the oil sector in the region by that time. […]

KRG to Sell Gas Directly to Turkey

The Kurdistan Regional Government's (KRG) Minister of Natural Resources, Ashti Hawrami  (pictured) has said the Region is planning to sell natural gas directly to Turkey in the next two years. According to a report from AKnews, he told the Caspian Gas Forum in Istanbul that the Kurdistan Region may sell natural gas to Turkey even […]

Iraqi Kurdistan Oil Output Capacity to Soar

The KRG's oil minister, Ashti Hawrami, told CWC‘s Iraq Petroleum 2012 conference in London that crude oil production capacity in the Kurdistan region is 300,000 barrels a day, and is expected to hit 400,000 barrels a day by the end of next year. Production capacity is expected to increase further to 1 million barrels a […]

Iraqi Kurdistan Expects 2m bpd Output by 2019

Iraqi Kurdistan aims to increase increase oil production to 2 million barrels per day (bpd) by 2019, KRG Energy Minister Ashti Hawrami (pictured) told a panel at a World Economic Forum meeting in Istanbul on Tuesday. According to a report from Reuters, Hawrami also said that he wants companies to build pipelines so the fuel can […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

KRG Denies Wrongdoing in UK Market Abuse Probe

Last week we reported that Ian Hannam, a top advisor at JPMorgan Chase, has stepped down to appeal a £450,000 ($720,000) fine from the UK’s Financial Services Authority (FSA) for disclosing inside information about a potential offer for Heritage Oil, as well as news of an oil find. Reuters' sources  claim that the email recipient […]

Exxon's Six KRG Oil Blocks Named

Kurdish oil minister Ashti Hawrami (pictured) has confirmed the names of the six exploration blocks awarded by the Kurdistan Regional Government to ExxonMobil: Al Qush, northwest of Erbil city and formerly assigned to Komet Group but withdrawn for lack of development; Bashiqa, southeast of Al Qush town; Pirmam in Erbil; Betwata; Qura-Hanjeer, southwest of Chamchamal; […]

Hawrami Outlines Kurdistan O&G Resources

The last three years have been “exceptional” for the Kurdistan Region in terms of discoveries of both oil and gas, Dr Ashti Hawrami, the Minister of Natural Resources, told an audience of diplomats and international oil companies in Erbil today. Dr Hawrami said that as a result of drilling activities from 2008 to 2010, the […]

Kurdish Oil Minister Sees Exports Early 2011

The Minister for Natural Resources in the Kurdistan Regional Government, Ashti Hawrami, told Reuters that he expected talks in Baghdad on the formation of a new government to lead to an imminent breakthrough on the issue of oil exports from Kurdistan. “I am confident that the leadership between Kurdistan and Baghdad will address these issues […]

KRG Hails Marathon Oil Deal

The Kurdistan Regional Government's (KRG) Minister of Natural Resources, Ashti Hawrami, has welcomed Marathon Oil Corporation's entry into the Kurdistan Region oil and gas sector, saying that such an experienced company will be “a valuable partner in developing the resources of our Region to the maximum benefit of the people of Kurdistan and Iraq, in […]