Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government ('KRG') as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $11.81 million. The Taq […]
As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Kurdistan Regional Government of Iraq signed an agreement securing the intention of the Parties to make a detailed analysis of potential gas cooperation options. The Parties ensure stepwise implementation of the arrangements following the Investment Agreement signed at the XXI St. Petersburg […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $18.8 million ($14.7 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during February 2018. (Source: GKP)
KRG Prime Minister Nechirvan Barzani received Iraq’s Minister of Industry and Minerals, Mr. Mohammed Shiaa Al-Sudani and his accompanying delegation. Minister Al Sudani expressed his satisfaction with his visit to the Kurdistan Region and participation at the conference, held in Erbil, on the development of economic relations between the Kurdistan Region and the Islamic Republic […]
DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with […]
KRG Prime Minister Barzani's statement on the construction of US mission in Erbil: Mr. Ambassador of the United States to Iraq, Mr. Consul General Ladies and Gentlemen, Good morning. I am pleased to be here, with you, today and take part in the announcement of building a new compound for the U.S. Consulate General in […]
Genel Energy has announced that the Taq Taq partners have received a gross payment of $8.30 million from the Kurdistan Regional Government (KRG) for oil sales during January 2018. Genel's net share of the payment is $4.57 million. Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $23.1 million ($17.8 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during January 2018. (Source: Gulf Keystone)
In its regular meeting on Wednesday, the Kurdistan Region Council of Ministers discussed and adopted proposed revisions to the salary distribution system, based on funds currently available and projected. In a press conference after the meeting, Prime Minister Nechirvan Barzani briefed the media on the revised salary distribution system. He said the KRG fully understands […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. For the first time since 2005, Kirkuk governorate in Iraq will hold elections Dec. 22 to select its local governing council. Parliament included the multiethnic province of the Kurds, […]
The Kurdistan Regional Government (KRG) and Pearl Petroleum have signed an agreement to increase production of gas from the Khor Mor field later this year, to boost much needed electricity generation for the people of the Kurdistan Region and Iraq as a whole. The 10-year gas sales agreement will enable gas production from Khor Mor […]
By John Lee. Prime Minister Haider Al-Abadi has announced the reopening of Erbil and Sulaimaniyah airports to international flights. In a statement, he said he signed the decree "following the response of the local authorities in the Kurdistan region to restore the federal authority to the two airports in accordance with the constitution, in order […]
