Tag Archives | KRG

KRG Streamlines Company Registration Process

By John Lee. The Kurdistan Regional Government (KRG) has streamlined the registration of companies in Iraqi Kurdistan. Balend Mohammed, Director General of the Registry of Companies, said that while it previously took many months to register business names, it must now be completed within 24 hours, or else "the relevant parties will be prosecuted." He […]

KRG to establish New Tourism Directorates

By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan Regional Government to establish new tourism directorates Tourist visits are increasing each year to the autonomous part of northern Iraq, an area that offers many natural, cultural and […]

KRG Denies seizing control of Oil Fields

By John Lee. The Kurdistan Regional Government (KRG) has denied seizing the Bai Hassan and Dawd Gurg oil fields in Kirkuk from the Iraqi federal government's Ministry of Oil. On Saturday, the North Oil Company (NOC), which is owned by the Iraqi National Oil Company (INOC), claimed that the KRG took over the fields in […]

GKP outlines Payments to Govts for 2021

By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2021: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2021 as required under Disclosure and […]

KRG Ministerial Delegation meets IBBC Members in London

On Wednesday the 20th of April the Iraq Britain Business Council (IBBC) hosted a high-ranking delegation of KRG officials for a roundtable discussion at the Cavalry & Guards Club in London. The delegation included Minister Dana Abdulkareem, Minister of Housing and Reconstruction in KRG, Mr. Safeen Dizayee, Head of the Department of Foreign Relations, and […]

DNO releases latest Production Data

By John Lee. DNO has issued an update on production and sales volumes for the quarter as well as other key financial information. Volumes (boepd): Gross operated production Q1 2022 Q4 2021 Q1 2021   Kurdistan 106,465 107,472 111,985   North Sea - - - Net entitlement production Q1 2022 Q4 2021 Q1 2021   […]

KRG to continue Oil Negotiations with Baghdad

By John Lee. The KRG's Council of Ministers held its weekly meeting on Wednesday, led by Prime Minister Masrour Barzani. Referring to the recent round of discussions to resolve the dispute over oil sales between Erbil and Baghdad, the Council stressed the importance of continuing to defend the Kurdistan Region's constitutional rights within Iraq. It […]

Baghdad, Erbil conclude First Round of Talks on Oil

By John Lee. The Iraqi federal government in Baghdad and the Kurdistan Regional Government (KRG) have concluded a first round of talks to discuss the management of the Kurdistan region's oil and gas resources. The meeting follows the ruling by a federal court in February that exports of oil and gas from the Kurdistan region […]

KRG, UNFPA tackling Gender-Based Violence

The Department of Media and Information (DMI) of the Kurdistan Regional Government (KRG) has signed a Memorandum of Understanding (MoU) with the United Nations Population Fund (UNFPA) to promote ending gender-based violence and youth participation in the Kurdistan Region of Iraq. The event was also attended by the Head of KRG Department of Foreign Relations, […]

Deloitte report on Oil and Gas in Iraqi Kurdistan

As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the second half of 2021. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF in English, Kurdish […]