By John Lee. Austria's OMV has said its third-quarter clean operating result "was positively impacted" by about 90 million euro ($107 million) following a settlement over a dispute relating to the Khor Mor and Chemchemal fields in Iraqi Kurdistan. On August 30, 2017, the Kurdistan Regional Government (KRG) and Dana Gas , Crescent Petroleum and […]
By John Lee. Baghdad has again been ranked as the city with the world’s worst quality of living, according to the Mercer 2017 Quality of Living Survey. Just ahead of it in the table of 231 cities are Sana'a in Yemen and Bangui in the Central African Republic. Vienna again retains the top spot; Zurich […]
The European Commission is currently working alongside EU Member States to facilitate emergency aid deliveries in Iraq, to help people affected by the crisis in Mosul. Three additional planes carrying emergency assistance from Austria and France have now touched ground in Iraq, bringing the total number of flights facilitated and co-financed by the Commission to […]
Head of KRG Foreign Relations, Minister Falah Mustafa, on Friday received Austria’s Minister for Foreign Affairs, Sebastian Kurz in his second visit to Kurdistan to discuss strengthening of bilateral relations as well as recent developments. Both Ministers expressed delight at the level of bilateral cooperation between both governments and expressed their commitment to broaden their […]
By John Lee. Dana Gas has announced that the London Court of International Arbitration (LCIA) has ordered the Kurdistan Regional Government (KRG) to pay $1.98 billion to a consortium that it leads. In a statement to the Abu Dhabi stock exchange, the Sharjah-based company claims that the judgement is final, binding and internationally enforceable, and […]
The UK's High Court has ordered the Kurdistan Regional Government (KRG) to pay a consortium led by Dana Gas $100 million within 14 days. In a statement, the KRG's Ministry of Natural Resources said: “The Court’s decision does not relate to the substantive merits of the claims and counterclaims in the on-going arbitration between the […]
By John Lee. Genel Energy has announced that it signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in the Bina Bawi field. Completion of the acquisition is subject only to government approval, which is expected shortly. The consideration comprises an upfront payment of $5 million. A contingent payment […]
By John Lee. Austrian-based Andritz has won a contract to supply 121 pumps and 18 booster stations for a new drinking water treatment plant in Samawa, Iraq, on behalf of PWT Wasser- und Abwassertechnik, Germany. The new plant will pump up 220,000 m³ of water from a branch of the river Euphrates, which will then […]
Austria’s Minister for Foreign Affairs, Sebastian Kurz, received Head of the Kurdistan Regional Government, KRG, Department of Foreign Relations, Minister Falah Mustafa and his accompanying delegation on Friday. During the meeting, which was attended by KRG Representative to Austria, Both sides spoke in detail of the latest military developments in the fight against ISIS, the […]
Kurdistan Regional Government’s Prime Minister, Nechirvan Barzani, yesterday in Erbil received the Austrian Foreign Minister, Sebastian Kurz and his accompanying delegation, which included the Chairman of the Foreign Relations Committee of the European Parliament, the Austrian Ambassador to Iraq and a number of senior officials from the Austrian Foreign Ministry, as well as Iraq’s Ambassador […]
Genel Energy has announced that it has reached an agreement with the Ministry of Natural Resources ("MNR") of the Kurdistan Regional Government ("KRG") for the development of the Miran and Bina Bawi gas fields. In addition, Genel has agreed key terms with OMV to acquire its 36% operated stake in the Bina Bawi gas field. […]
By John Lee. International oil companies (IOCs) in southern Iraq are seeking to push ahead with their own water injection facilities to meet production targets, according to a report from Platts. Malaysia's Petronas, operator of the Gharraf [Garraf] oil field, is the latest to ask the Ministry of Oil for permission to build a standalone […]
