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 […]
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 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 […]
KRG Prime Minister Masrour Barzani chaired a cabinet meeting on Wednesday to discuss the implementation of the KRG’s ambitious Reform Law. The meeting of cabinet ministers was attended by the heads of the Financial Monitoring Diwan and Commission of Integrity in Kurdistan, as well as the President of Public Prosecutions. Prime Minister Barzani emphasised the […]
By Eric Bordenkircher, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Pivoting to the KRG: Restructuring the U.S. Military Presence in Iraq Since the start of the Iraq War in 2003, a defining element of American […]
By John Lee. Erbil and Baghdad have reportedly reached an agreement on Erbil's contribution to the 2020 federal budget. According to Reuters, the state news agency INA says the deal includes a transfer of 250,000 barrels per day (bpd) from the oil-producing region to Iraq's national budget. Iraq's 2020 federal budget is currently under discussion […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abdul Mahdi urges Kurds to help rid Iraq of US troops Iraqi caretaker Prime Minister Adel Abdul Mahdi arrived Jan. 11 in Erbil — his first official visit to the Kurdistan region since taking […]
KRG cabinet discusses reform agenda and public-private partnerships KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani on Wednesday chaired a meeting of the cabinet to discuss the Kurdistan Regional Government’s ambitious reform agenda and the implementation of public-private partnerships. Prime Minister Barzani welcomed the cabinet’s support for the government's reforms, which will […]
By John Lee. The Kurdistan Regional Government (KRG) has delayed payments to oil producers by several weeks. In statements to the markets on on Thursday, Genel Energy, Gulf Keystone Petroleum (GKP) and Shamaran Petroleum said that payments relating to invoices for oil production in August and September, which were due to be paid in November […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani has today chaired a cabinet meeting to discuss the draft Reform Bill, a central pillar of the Kurdistan Regional Government’s agenda. Developed as a joint initiative involving all parties in the government, the Reform Bill includes a series of measures designed to provide more […]
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid […]
