By Padraig O'Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami (pictured), has defended the KRG's treatment of oil companies in the Region. This follows criticism by the head of Norwegian oil and gas operator DNO, which operates the Tawke block, at CWC Group’s Kurdistan-Iraq Oil & Gas Conference in London. Executive […]
By Padraig O'Hannelly. The Kurdistan Regional Government's Minister of Natural Resources, Dr Ashti Hawrami, has announced that 20 new and redrawn oil blocks will become available for bidding in 2017. Speaking at this week’s Kurdistan-Iraq Oil & Gas Conference in London, arranged by CWC Group, the Minister said that contract terms "will continue to be […]
Kurdistan Region Deputy Prime Minister Qubad Talabani outlined his government's reform initiatives during speech to the sixth Kurdistan Oil and Gas conference, organised by CWC Group, in London on Monday. Below is the transcript of Deputy Prime Minister's speech: Distinguished guest, ladies and gentlemen. I'd like to warmly thank CWC for inviting me back again […]
KRG Minister Falah Mustafa today received a joint UK-Canada delegation headed by Ms. Crystal Procyshen, Chargé d'affaires of Canada in Iraq, to discuss women issues. Ms. Procyshen stated that this visit was a fact-finding mission, which should provide them with a better understanding of the situation of women and their needs in specific areas in […]
The Kurdistan Regional Government signed an agreement with the multinational professional services firm, EY (Ernst & Young), to audit oil and gas processes in the Kurdistan Region. During the signing ceremony on Wednesday, Prime Minister Nechirvan Barzani described the agreement as an important step by the Kurdistan Regional Government to be more transparent in the […]
The Kurdistan Regional Government's Ministry of Natural Resources (MNR) has announced that the new online Oilfield Services Company (OSC) registration and Approved Vendor List (AVL) listing system, hosted by the MNR Portal, is now open for applications. Having successfully completed an eight-week pilot, the MNR invites OSCs wishing to provide services to operators in the […]
KRG Prime Minister of Kurdistan Regional Government Nechirvan Barzani kicked off a two-week campaign to eliminate violence against women. During a speech on Sunday, Prime Minister Barzani said the Kurdistan Regional Government has taken important steps to legally protect women rights, however more awareness campaigns are needed to end the violation of women rights. Below […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. “Tal Afar will be the cemetery of Turkish soldiers should Turkey attempt to take part in the battle,” Hadi al-Amiri, the head of the Badr Organization and a leader in […]
ShaMaran Petroleum has announced its financial and operating results for the nine months ended September 30, 2016. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for October 2016. During the month it exported 540.9k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an increased average price of $39.32 per barrel, bringing in revenue of $632 million. Please click here to view […]
The new Croatian Ambassador to Iraq Mr Ivan Jurić has met with the KRG Foreign Minister Falah Mustafa, as part of his introductory visit to the Kurdistan Region. Minister Mustafa congratulated the Croatian Ambassador on his appointment, expressing the readiness of the Kurdistan Regional Government to provide necessary support for the success of his mission. […]
UNDP helps to ensure access to safe water and reliable electricity for over 100,000 people in the Governorate of Erbil The United Nations Development Programme (UNDP) and the Governorate of Erbil have signed two agreements to rehabilitate key infrastructure in areas hosting thousands of displaced people, including large numbers who have fled from Mosul. With […]
