KRG Board of Environment and Mine Agency brief diplomats on their needs The Department of Foreign Relations today hosted a special session for the KRG Board of Environmental Protection and Improvement and the Iraqi Kurdistan Mine Action Agency (IKMAA) to brief diplomats on their activities, challenges, and needs. Minister Falah Mustafa, Head of the KRG […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy for June crude oil deliveries to the export market from the Tawke field. The total invoiced amount for June is USD 38.41 million, of which USD […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for July 2016. During the month it exported 457k bpd from the Turkish port of Ceyhan, down from the previous month's figure, at an average price of $32.53 per barrel, bringing in revenue of $461 million. Please click here to view or […]
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $24.91 million from the Kurdistan Regional Government for oil sales during June 2016. Genel's net share of the payment is $13.70 million. The payment reflects full settlement of the invoiced amount for June 2016 oil sales, and incorporates $20.82 […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani says education is the key to success and progress in Kurdistan. Prime Minister Barzani says, development and prosperity are achieved through the advancement of Kurdistan’s education system. Mr. Barzani made the statement during a special ceremony held on Tuesday in Erbil to honor top students for 2015-2016 academic […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani released a statement on Saturday regarding the failed military coup in Turkey. Prime Minister Barzani congratulated the people, President and Prime Minister of Turkey after the will of people defeated the coup d'etat planners. Below is Prime Minister Barzani's statement: "We are pleased to see the triumph of […]
Head of KRG Foreign Relations, Minister Falah Mustafa, on Friday received Austria’s Minister for Foreign Affairs, Sebastian Kurz in his second visit to Kurdistan to discuss strengthening of bilateral relations as well as recent developments. Both Ministers expressed delight at the level of bilateral cooperation between both governments and expressed their commitment to broaden their […]
By Omar Sattar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The status of Kirkuk province, which is disputed by Arabs, Turkmens and Kurds, returned to the forefront after the Iraqi presidency announced a proposal June 18 to make Kirkuk an independent region. The plan […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The U.S has signed a deal with the Kurdish regional government in northern Iraq, to help in the fight against ISIL (Islamic State group, ISIS, Daesh). The agreement bypasses Iraqi government leaders in […]
By John Lee. Gulf Keystone Petroleum (GKP) announced this morning that $500 million worth of company bonds are to be converted into equity, diluting current shareholders to a stake of just 5 percent of the company. The company's shares fell another 40 percent in early trading, and a new Chairman, Keith Lough, has been appointed […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for June 2016. During the month it exported 514k bpd from the Turkish port of Ceyhan, very slightly up on the previous month, at an average price of $36.43 per barrel, bringing in revenue of $562 million. The report is published […]
President Masoud Barzani received a United States military delegation headed by Ms. Elissa Slotkin, the acting assistant Secretary of Defense for International Security Affairs. This meeting was followed by a telephone conversation between President Barzani and Mr. Ashton Carter, the U.S. Secretary of Defense. President Barzani and Ms. Slotkin discussed the liberation of Mosul and […]
