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. […]
Voters in Iraqi Kurdistan and the disputed areas under Kurdish control have started to cast their ballots on whether to split from the rest of Iraq and become an independent state, according to Kurdish media reports early on September 25. Reports claimed that voters had been queuing for hours before polling stations opened at 0800 […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A few days ahead of the Kurdistan referendum on independence, an ethnic clash took place between a group of Kurds and Turkmens in Kirkuk on Sept. 19. Local police deployed in different parts […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey plans security, economic measures in response to Iraq's Kurdish referendum:
KRG Prime Minister Nechirvan Barzani received Mr. Park Young-Kyu, the Consul General of Korea, and his accompanying delegation, in Erbil. Mr. Park conveyed a letter from Mr. Moon Jae-In, President of the Republic of Korea, inviting stronger relations between Erbil and Seoul. He expressed Korea’s readiness to cooperate with the Kurdistan Region on technology development and […]
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $10.22 million from the Kurdistan Regional Government for oil sales during June 2017. Genel's net share of the payment is $5.62 million. Gross oil sales from the Taq Taq field (pictured) in June 2017 averaged 15,863 […]
The Kurdistan Regional Government (KRG) will immediately pay $1 billion to the Pearl Consortium, including Dana Gas, and its partners to settle a long-running legal dispute. In a joint press release, the Kurdistan Regional Government and Pearl Consortium announced the "full and final settlement" between the two parties. Below is the full press release: Settlement […]
Shares in Norway's DNO ASA jumped 8.7 percent this morning following the announcement that the company has reached a "landmark settlement of outstanding receivables owed to the Company for past crude oil deliveries", and the announcement of half-year revenues up 43 percent from the same period last year. Under the settlement, DNO has been assigned […]
