Genel Energy has announced that the Taq Taq field partners have received a gross payment of $10.39 million from the Kurdistan Regional Government for oil sales during July 2017. Genel's net share of the payment is $5.71 million. Gross oil sales from the Taq Taq field in July 2017 averaged 14,873 bopd, including both exports […]
By Jack Detsch for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Pentagon stops paying peshmerga salaries amid Kurdish independence backlash The US government has stopped paying Kurdish peshmerga fighters’ salaries after a yearlong agreement expired over the summer, and there are no current plans […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Up until the last day before the Sept. 25 Kurdish independence referendum, Iran was still dealing with the event with a sense of disbelief and with the misconception that it would be called […]
By Cengiz Çandar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Probably no president was ever called "uncle" by his eminent counterparts and by the people on the street. Yet in every Middle East country where Kurds live, "mam" ("paternal uncle" in Kurdish) was the honorific title […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly filed a complaint with the International Civil Aviation Organization (ICAO) following Baghdad's decision to close the region's airspace to international traffic. The closure came after Kurdish authorities refused to hand over control of the airports to the central government, following last week's referendum on Kurdish […]
Jalal Talabani who served as the president of Iraq between 2005 and 2014 and was the first Kurd to hold the post died at the age of 83 in a hospital in Germany on 3 October 2017. First appointed as the country's president during the Transitional Period in April 2005, he was re-elected twice, in […]
Iran’s Ministry of Roads and Urban Development warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice”. The decision is in line with Tehran’s series of measures in response to a referendum held in the semi-autonomous region on possible secession from Iraq which has drawn international criticism. “Given the […]
Iraqi Prime Minister Haider al-Abadi has hinted that his government wants to take control of revenue generated from Kurdish oil exports. The measure is the latest of a set of actions taken by Baghdad against the Kurdistan Region for carrying out last week's referendum that saw a 92-percent vote for independence, the first of which […]
The armed forces of Iran and neighboring Iraq plan to hold joint military exercises in coming days, Deputy Chief of Staff of the Iranian Armed Forces Brigadier General Massoud Jazayeri announced. Speaking to the Tasnim News Agency, Brigadier General Jazayeri said the commanders of Iran’s Armed Forces held a meeting on Saturday chaired by Chief […]
By John Lee. The Kurdistan Independent High Elections and Referendum Commission, yesterday announced the results of the Kurdistan independence referendum. In a press conference, Hndren Muhammad, the head of the Commission, announced an overwhelming victory of Yes in the referendum and provided the following preliminary figures: Eligible voters: 4,581,255. Turnout: 3,305,925 voted in the referendum, […]
By John Lee. Turkish President Recep Tayyip Erdoğan (pictured) has threatened to invade Iraq, and said he could cut off the oil export pipeline from Iraq to the Turkish port of Ceyhan, following the vote supporting independence in Iraqi Kurdistan. "We have the tap," he said. "It is done once, we close the tap." The […]
Initial results for the Kurdish independence referendum show that around 95 percent of people voted in favour of separation from Iraq and the formation of an independent Kurdistan state. According to the Kurdistan Regional Government’s (KRG), the first exit polls show that 95 percent of voters said ‘yes’ while around 5 percent said voted against. […]
