By John Lee. Iran and the Kurdistan Regional Government (KRG) have reportedly agreed the technical details of a plan to build a pipeline that could transfer as much as 250,000 bpd of Kurdish oil to Iran. Taha Zangana (pictured), the KRG's deputy minister of natural resources, told Al Jazeera: "We [the KRG and Iran] have an […]
By John Lee. Kurdistan24 reports that the Kurdistan Regional Government (KRG) Ministry of Agriculture has decided to impose a tax on some products imported from other parts of Iraq. KRG Minister of Agriculture and Water Resources, Abdulstar Majid, said that the his Department is aware that imposing a tax on goods within a country is […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 15.0 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for May crude oil deliveries to the export market from the Tawke field. The total invoiced amount for May is USD 39.28 […]
On the sidelines of the SPIEF'16 - St. Petersburg International Economic Forum, Kurdistan Region Prime Minister Nechirvan Barzani and his delegation met Mr. Alexander Novak, Russian Minister of Energy. Minister Novka welcomed the participation of Prime Minister Barzani and his delegation at St. Petersburg International Economic Forum, stressing the need to further develop the old […]
By John Lee. The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports. KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion: "If Baghdad […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Gen. Hadi Halabjayi and his peshmerga troops were getting settled in the new territory in the Khazir area they had captured from the Islamic State (IS) in late May after a day and a […]
Economic reforms and investment opportunities in the Kurdistan Region of Iraq were highlighted during a one-day conference in the United States. The conference, titled ‘Iraq’s Economy: Challenges and Opportunities’, was hosted by the Johns Hopkins University’s Center for Transatlantic Relations on Thursday, June 2. Dr. Noori Othman, acting chairman of the Kurdistan Board of Investment […]
Economic Reforms will Help Achieve Sustainable and Inclusive Growth in the Kurdistan Region of Iraq A new World Bank Group report proposes a series of reforms to enable Iraq’s Kurdistan Region to chart a path out of the difficult economic challenges it faces toward a more sustainable and diversified economic future. The combination of factors […]
The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for May 2016. The report for May 2016 details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; revenues received on account by the KRG during the month; and payments directly made […]
WesternZagros Receives Approval for Garmian Field Development Plan and Submits Kurdamir Field Development Plan WesternZagros Resources has announced the approval of the Garmian Block Field Development Plan ("FDP") from the Kurdistan Regional Government ("KRG") and the submission of the Kurdamir Block FDP. Garmian Block Field Development Plan Approval WesternZagros and its co-venturer, Gazprom Neft Middle […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish peshmerga forces on Sunday launched an offensive to retake areas east of Mosul, the Islamic State's main hub in the country, a statement said.
By John Lee. Gulf Keystone Petroleum (GKP) has announce that a gross payment of $6.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016. This is a partial payment of the invoiced amount and the balance is expected to be paid shortly. A further announcement will be […]
