By John Lee. The KRG’s Ministry of Natural Resources (MNR) has issued a statement which it claims will "set the record straight on oil export and revenue:" The full text of the statement is shown below: In 2014, Dr. Maliki’s government cut the entire Kurdistan budget creating a financial crisis for the people of the […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Making It Up As They Go Along: The Long, Troubled History of Iraqi Kurdistan's Presidency The Iraqi Kurdish President's term expired yesterday. And the political actors in the semi-autonomous, northern […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, set record production levels from the Tawke field in the Kurdistan region of Iraq during the second quarter of 2015 with output averaging 153,346 barrels of oil per day (bopd). A total of 118,037 bopd, representing 77 percent of field production, was delivered to […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With A Little Help From Your Friends: US, Iran and Turkey All Getting Involved in Kurdish Presidency Problem The current Iraqi Kurdish presidency officially ended yesterday. Massoud Barzani, who heads […]
By John Lee. Sabotage and theft from pipelines has cost the Kurdistan Regional Government (KRG) an estimated $501 million (584 billion Iraqi dinars) since the start of July, the KRG's Ministry of Natural Resources said in a statement: "Persistent theft and attempted theft from the Iraq-Turkey crude oil pipeline in the southeast of Turkey continues […]
The KRG Department of Foreign Relations (DFR), in coordination with the KRG Department of non-Governmental Organization (DNGO) and the KRG Joint Crisis Coordination Center (JCC) has hosted a special session to discuss cooperation between relevant KRG authorities and the active International non-Governmental Organizations (INGO) in the Kurdistan Region. Minister Falah Mustafa, Head of the KRG […]
By John Lee. The highest judicial authority in Iraqi Kurdistan has reportedly extended the term of KRG President Massoud Barzani (pictured) for two more years. The Judicial Council of the Kurdistan Region said that Barzani will remain in his post until the 2017 KRG general election. According to the report from BasNews, Kurdish political parties […]
Evidence collected by Amnesty International in a fact-finding mission indicates that multiple Turkish government airstrikes killed eight residents and injured at least eight others – including a child - in a flagrantly unlawful attack on the village of Zergele, in the Kandil Mountains in the Kurdistan Region of Iraq. The airstrikes on 1 August were […]
Having finalized the necessary documentation with the Federal Foreign Ministry of Iraq and the KRG Department of Foreign Relations, the European Union will soon open an EU Delegation Liaison Office in Erbil to support the current activities of the EU in coordination with the Kurdistan Regional Government, the United Nations and NGOs. Minister Falah Mustafa, […]
The Kurdistan Regional Government (KRG) has published its monthly export report for July 2015. The KRG exported 16,019,090 barrels of crude oil (an average of 516,745 barrels per day (bpd)) in the month of July through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG […]
By John Lee. Washington DC-based lobbying and legal services firm Squire Patton Boggs has reported that it is no longer acting for the Kurdistan Regional Government (KRG). In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company also confirmed that it had performed no reportable activity on behalf of the […]
The Kurdistan Regional Government has announced plans to start paying oil companies a proportion of the revenues from crude oil sales. Starting from September 2015, the Kurdistan Regional Government, KRG, will, on a monthly basis, allocate a portion of the revenue from its direct crude oil sales to the producing international oil companies, IOCs, KRG […]
