DNO International today [Wednesday] received a second payment of USD 60 million from the Kurdistan Regional Government in respect of oil exports from the Tawke field operated by the Company in northern Iraq. A first payment of USD 103.7 million was received in June 2011. The Company had previously reported temporary reductions in production from […]
As part of the Kurdistan Regional Government’s ongoing transparency initiative, the Ministry of Natural Resources is putting all signed production sharing contracts (PSCs) for oil and gas in the Kurdistan Region into the public domain. The move, announced today by Minister of Natural Resources Ashti Hawrami, means that the PSCs, their attachments and amendments are […]
The new head of the European Union Delegation to Iraq, Ambassador Jana Hybášková, paid her first visit to the Kurdistan Region to discuss political and economic ties. In a meeting with Kurdistan Region President Masoud Barzani, recent developments, the current programs and role of the EU in Iraq, and the relationship between the Kurdistan Regional […]
Following reports that the Kurdistan Regional Government (KRG) had suspended oil exports through the Iraq-Turkey pipeline, the KRG has issued the following statement: The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline. Over […]
The Kurdistan Region Presidency (KRP) issued a statement on Sunday on the Iraqi Council of Ministers’ approval of a draft federal hydrocarbons law. The following is a translation from the original Arabic: Following six years without a federal oil policy; the unjustified failure to implement political agreements; the clear avoidance of the ratification of a […]
As an Iraq security analyst I often find that I am writing at length about violence, pain and causes for concern. However, for this blog entry I would like to make what I hope is a welcome exception. I regularly write about how violence has escalated in the north of Iraq, usually in relation to […]
Closer trade and political ties were forged this week between Kurdistan and Northern Ireland during a visit to Belfast by a Kurdish business delegation led by two ministers. Kurdistan Regional Government (KRG) Trade and Industry Minister Sinan Celebi, Municipalities and Tourism Minister Samir Abdullah and several KRG officials met with Northern Ireland's Enterprise, Trade and […]
A ministerial-led delegation of business leaders from the Kurdistan Region in Iraq this week visited Edinburgh, where they met Scottish ministers, members of parliament and business organisations who all agreed the two nations should strengthen their ties. Trade and Industry Minister Sinan Çelebi and Municipalities and Tourism Minister Samir Abdullah Mustafa discussed tourism, the trading […]
The Kurdistan Regional Government (KRG) Head of the Department of Foreign Relations, Falah Mustafa Bakir, welcomed members from the British All-Party Parliamentary Group (APPG) on the Kurdistan Region. The visit to the Department of Foreign Relations was part of a larger trip to the Kurdistan Region by the Parliamentary Group to meet political leaders and […]
Iraq Business News recently had the pleasure of interviewing the Kurdistan Regional Government's High Representative to the United Kingdom, Ms Bayan Sami Abdul Rahman. Iraq Business News: Ms Abdul Rahman, thank you for taking the time to speak with us today. May I ask you firstly for your opinion about the ongoing protests in the […]
Murphy Oil Corporation (NYSE: MUR) announced on Thursday that its wholly-owned subsidiary, Murphy Central Dohuk Oil Co., Ltd., has finalized an agreement with the Kurdistan Regional Government-Iraq (KRG) to acquire an interest in the Central Dohuk block. Murphy will operate and hold a 50% interest in the block. The Central Dohuk block covers approximately 619 […]
The Kurdistan Regional Government’s Department of Foreign Relations held a farewell reception for Mr Jeremy Macadie, Consul General of the United Kingdom, and Ms Moraig Henderson, Head of the Erbil Office of the United Nations Assistance Mission to Iraq. Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations (DFR), said, “I would […]
