Tag Archives | KRG

Kurdistan Oil Exports Resume After Multi-Party Agreement

By John Lee. Oil exports from Iraq's Kurdistan Region are set to resume through the Iraq-Turkey Pipeline (ITP) following agreements between Baghdad's Federal Government, the Kurdistan Regional Government (KRG), and international oil companies, ending the prolonged export suspension. DNO ASA will deliver the Kurdistan Regional Government's share of production from its Tawke license, currently averaging […]

KRG Confirms Progress on Oil Export Agreements

By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources has confirmed that it has fulfilled its obligations regarding oil exports from the Kurdistan Region, in coordination with the Federal Ministry of Oil. It says that all domestic and foreign companies, with the exception of one foreign entity that has yet to formalise […]

Genel Energy, DNO clarify position on Oil Exports via Turkiye

By John Lee. Genel Energy and DNO have issued statements relating to recent media reports of an agreement on the export of oil from Iraqi Kurdistan via the Iraq-Turkey Pipeline to the port of Ceyhan. DNO, the largest operator in the Kurdistan Region, said it is eager to resume exports but "pursuant to agreements that […]

Kawlokan Corniche Project to Transform Soran District

By John Lee. The Kurdistan Regional Government (KRG) has launched the Kawlokan Corniche Project, a key component of the Soran District Tourism Master Plan, aiming to establish the area as a major visitor destination. The first phase will develop five ponds along a 4-kilometre river stretch, with landscaped green spaces, cafés, and restaurants. The project's […]

KRG Completes Sheikhan-Lalish Road Project

By John Lee. The Kurdistan Regional Government (KRG) has completed the [Shaikan] Sheikhan-Lalish road project in Duhok Governorate, which will soon be opened to the public. The road spans 9 kilometres in length and 25 metres in width, with a total investment exceeding 26 billion Iraqi dinars [≈ $17.8 million]. Constructed to modern engineering standards […]

SOMO "Ends" Kurdish Oil Contracts

By John Lee. Iraq's State Oil Marketing Organisation (SOMO) reportedly announced on Tuesday that it has concluded all contracts and obligations with buyers of oil produced in the Kurdistan Region. The company emphasised that resuming exports from Kurdistan would restore Iraq's role as a key supplier to the European market. SOMO Director General Ali Nizar al-Shatri […]

Kurdistan Region Oil Exports to Resume 'Soon': SOMO Chief

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]

UNAMI Concerned about Conviction of Journalist in Iraqi Kurdistan

By John Lee. The United Nations Assistance Mission to Iraq (UNAMI) has said it is concerned by the decision of the Bnaslawa Misdemeanour Court in Erbil on 19th August 2025 to sentence journalist Mr. Shirwan Shirwani to four and a half years imprisonment on a charge that he denies. It said in a statement: "UNAMI's […]

Kurdistan Region Electricity Reform and the "Runaki" Project

By Mohammed Hussein, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region Electricity Reform and the "Runaki" Project The Kurdistan Region of Iraq (KRI) has struggled […]

Turkiye Proposes New Agreement on Iraq-Turkiye Oil Pipeline

By John Lee. Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP). In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never […]

Iraq, KRG Agree New Oil Export Mechanism

By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have agreed on a new mechanism for oil exports from the Kurdistan Region of Iraq. The deal, finalised after joint meetings beginning on 17 July 2025 and site visits to all regional oil fields, was signed on […]

Oil Production Resumes at Shaikan Field

By John Lee. Gulf Keystone Petroleum (GKP) has said that production operations have recently restarted at the Shaikan Field in Iraqi Kurdistan, following a security assessment and consultation with the Kurdistan Regional Government (KRG). It said a further update on production and sales will be provided as part of the 2025 Half Year Results, which […]