Gulf Keystone Petroleum (GKP) confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the May, June, July and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In 2014, following the withdrawal of Iraqi forces, Kurdish Peshmerga troops seized the oil-rich city of Kirkuk from the Islamic State of Iraq and the Levant (ISIL). Two years on and with a […]
Human Rights Watch (HRW) has said that Iraqi and Kurdistan Regional Government security authorities are unlawfully restricting the freedom of movement of displaced people in camps near Kirkuk. Despite the lack of hostilities in the area, people are not allowed to leave the camps freely. Displaced people in the Nazrawa and Laylan camps told Human […]
As the preparations are underway to liberate the City of Mosul from the so-called Islamic State terror group, thousands of families have returned to their villages in Zummar, Nineveh Governorate, after Kurdish forces liberated and secured the area. The High Committee to Evaluate and Respond to International Reports states that more than 2,000 Arab and […]
By Ibrahim Malazada for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Sept. 22 and 23, the Dwryan Organization held its second conference in Sulaimaniyah with the participation of researchers and specialists in the field of education. The conference focused […]
The Head of KRG Foreign Relations, Minister Falah Mustafa, yesterday received Lebanese Chargé D'affaires in Iraq Mr. Walid Ghoussaini. The Lebanese Chargé D'affaires gave an overview of the participation of the Lebanese companies in the economic development of the Kurdistan Region and highlighted the desire of the Lebanese companies to broaden the scope of their […]
The Prime Minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani, has praised the role of the private sector in stimulating Kurdistan’s economy, as the region is dealing with financial challenges. During a speech at a conference organized by the Kurdistan Federation of Chambers of Commerce and Industry on Sunday, Prime Minister Barzani said that […]
By Sara al-Qaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A private company has reportedly taken over Gulenist schools in Iraqi Kurdistan. According to the Dwarozh news website, Kurdistan Regional Government (KRG) Education Minister Bishwan Sadeq said a private Kurdish company, the Khoshnaw Group, bought the […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for September 2016. During the month it exported 564.8k bpd from the Turkish port of Ceyhan, significantly up from the previous month’s figure, at an average price of $36.10 per barrel, bringing in revenue of $612 million. Please click here to view […]
The Kurdistan Region’s Ministry of Natural Resources (MNR) has said it is investigating a senior official who may have given “confidential data for oil and gas blocks” to a London-based company. In a statement, the MNR said that a London-based company is promoting itself to potential investors as a new upstream investment vehicle focussed on […]
By John Lee. Gulf Keystone (GKP) has confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in July 2016. The company said in a statement that it and the KRG's Ministry of Natural Resources (MNR) continue to work towards agreeing […]
A new Funding Facility for Economic Reform is being established to accelerate reforms in the Kurdistan Region The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to […]
