Tag Archives | KRG

Criticism in Iraqi Kurdistan over Unpaid Teacher Salaries

By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Criticism mounts in Iraqi Kurdistan over unpaid teacher salaries Ferhat is an English teacher at a public school in Erbil, the capital of Iraq's autonomous Kurdistan Region. His salary comes from the Kurdistan Regional Government […]

KRG PM reiterates Commitment to Diverse Economy

KRG Prime Minister Masrour Barzani on Wednesday chaired a meeting of the High Council for Investment to discuss current economic situation and the need to further develop investment in the Kurdistan Region. In the meeting attended by Deputy Prime Minister Qubad Talabani and other cabinet members, Prime Minister Barzani stressed that the Kurdistan Regional Government […]

KRG "to Privatise Electricity Sector"

By John Lee. Kurdistan's Council of Ministers has reportedly approved a proposal from the KRG's Ministry of Electricity to privatize the Region's electricity sector. Ministry official Mohammed Ahmed told Rudaw on Wednesday: "The government and the people will both benefit from it as it will help reduce a significant amount of stolen electricity." More here. […]

KRG PM Barzani calls for Constitutional Solution

Prime Minister Barzani chairs cabinet meeting, calls for constitutional solution to problems with Baghdad Prime Minister Masrour Barzani chaired a cabinet meeting in Erbil on Wednesday to discuss economic conditions in the Kurdistan Region and outstanding problems with the federal government. In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, the […]

DNO Completes Baeshiqa Testing, Prepares to Spud Next Well

DNO ASA, the Norwegian oil and gas operator, has announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in […]

Iraq Cuts Federal Budget from KRG

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq cuts federal budget from KRG, Kurds defy it as political Adel Abdul Mahdi's Iraqi caretaker government in Baghdad April 16 has ordered its Finance Ministry in an official document […]

Baghdad "Halts Payments to KRG"

By John Lee. Baghdad is said to have stopped payments to the Kurdistan Regional Government (KRG). Writing for Argus Media, Rowena Edwards says central government will also seek to recover payments made since the start of the year, in the absence of KRG transfers of crude oil, which were part of the as-yet-unsigned 2020 budget. […]

Genel Energy Report on Payments to Govts for 2019

Report on payments to governments for the year 2019 Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2019 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority […]

Gazprom "Not Reducing Investment" in Iraqi Kurdistan

By John Lee. Russia's Gazprom Neft has reportedly said it will not reduce investment in its projects in Iraqi Kurdistan, despite a request from the Kurdistan Regional Government (KRG) to do so. Reuters reports that following a slump in oil prices, oil producers have been asked to reduce their investments, which governments often have to […]

KRG to Investigate Alleged $250m payment from Rosneft?

By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, has reportedly called for the public prosecutor to launch an investigation into allegations that Russian state oil company Rosneft paid $250 million to a consultant to secure deals in Iraqi Kurdistan. Earlier this month, Bloomberg claimed that the oil company paid […]

Rosneft "Paid Mystery Consultant $250m in Iraq Deal"

By John Lee. Russia’s state oil company Rosneft has reportedly paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. Bloomberg reports that Rosneft Trading SA in 2017 “entered into an advisory agreement with an external consultant for advisory services relating to Rosneft Group’s proposed concession agreement and Production Sharing Contracts […]

KRG takes action to Prevent Spread of Coronavirus

KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani (pictured) today chaired a cabinet meeting with governors from the Kurdistan Region to discuss recent developments, along with the steps the Kurdistan Regional Government (KRG) is taking to prevent an outbreak of the coronavirus. Minister of Health Saman Hussein Muhammed updated the Prime Minister […]