Tag Archives | KRG

President KRG President Barzani Meets President Obama

The President of the Kurdistan Region of Iraq Masoud Barzani was officially received by President Obama and Vice President Biden at the White House on Thursday. During their talks, both sides emphasized the necessity of a prolonged and deepened relationship between the United States and the Kurdistan Region within the framework of a democratic, pluralistic […]

KRG Claims Exxon's Tillerson Committed to Kurdish Deals

Further to the rumours that Exxon Mobil plans to abandon it's contract at West Qurna-1 in favour of pursuing exploration deals in Iraqi Kurdistan, the Kurdistan Regional Government (KRG) has issued the following statement: "In a meeting with President Masoud Barzani in Washington DC this week, the CEO of Exxon Mobil, Rex Tillerson [pictured] stated […]

Shahristani Accuses Kurdistan of Oil Smuggling

The ongoing dispute between Iraq's central government in Baghdad and the Kurdistan Regional Government (KRG) reached new heights on Monday as Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani (pictured), accused the northern region of smuggling rather than meeting its export obligations. According to Reuters, Shahristani told reporters: "Most of the crude produced in the […]

KRG Demands Say Over Kirkuk Oil Contracts

The Kurdistan Regional Government (KRG) has issued the follow statement on the reported granting of a contract to BP for the development of oilfields in Kirkuk: Neither Iraq’s federal oil ministry nor state-owned oil companies have the right to unilaterally award contracts to develop currently producing fields in Kirkuk province or in other adjacent areas, […]

Confusion Surrounds Exxon Iraq Decision

Reuters reported at the weekend that Iraq's government has received a letter from Exxon Mobil saying the it had frozen its deal with the Kurdistan Regional Government (KRG), but other reports say this has not happened. "We received a letter from Exxon on March 5 saying they are freezing the contract with the Kurds," oil […]

Major Discrepancy in Kurdistan Oil Figures

The Kurdistan Regional Government (KRG) has said Baghdad must investigate a difference of about 35,000 bpd of crude oil exports from the region that is failing to appear in the national total, and demands payment of over $1 billion owed. The full text of the KRG statement follows: Oil exports from the Kurdistan Region in […]

Kurdistan President Tasks New PM to Form Cabinet

Kurdistan Region's President Masoud Barzani on Wednesday, 7 March, confirmed Nechirvan Idris Barzani as the new Prime Minister of the Kurdistan Regional Government and tasked him to form the 7th Cabinet. This follows the decision on February 17 by the Kurdistan Parliament to nominate Nechirvan Barzani for the post of prime minister and Imad Ahmed […]

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Italian Ambassadors Hope to Bolster Relations with Kurdistan

Italy's ambassador to Iraq and the director general for political and security affairs at the Italian Ministry of Foreign Affairs met President Masoud Barzani and government officials in a visit to the Kurdistan Region this week. Italy’s Ambassador to Iraq Gerardo Carante was joined by Ambassador Sandro De Berrnadrin in a visit that is part […]

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 […]

Genel Energy Awaiting Approval on Chia Surkh Deal

Genel Energy is still awaiting government approval for its plan to increase its interest in the Chia Surkh block in the Kurdistan Region of Iraq from 20% to 80% and to become the operator of the field. This morning (Thursday) the company issued the following update to the market: On 16 January 2012, Genel Energy plc […]

First Lithuanian Delegation Visits Kurdistan

The first official and business delegation from Lithuania has visited the Kurdistan Region to meet with local officials and explore potential areas of cooperation. The large group was headed by the Lithuanian Vice-Minister of Economy, Mr Daumantas Lapinskas, and included the Vice-Minister of Agriculture, Mr Mindaugas Kuklierius, and the Deputy Director of External Economic Relations […]

5 Traffic Helicopters Arrive in Kurdistan

The Kurdistan Regional Government (KRG) has taken delivery of five helicopters to help control traffic, says Aswat al-Iraq. We bought helicopters to develop the traffic system in the region and to use the modern technology to tackle the all traffic problems, The Kurdistan Region has seen a steady increase in the number of victims of […]

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