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 […]
WesternZagros Resources has issued an update in advance of the company's standard second quarter results which are scheduled for release on 13th August, 2015: Garmian Block Second quarter production from the Sarqala-1 well averaged 5,427 barrels of oil per day ("bbl/d). WesternZagros continues, in accordance with the KRG, to supply this production to the domestic […]
Statement by KRG's Ministry of Natural Resources on attacks on the Kurdistan to Ceyhan oil export pipelines in Turkey Since July 27th, there have been repeated attempted thefts and sabotage attacks on the pipelines that carry crude oil from the Kurdistan Region to Ceyhan (pictured) in Turkey. This has led to an almost complete stoppage […]
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. Erbil-Baghdad Oil Relations Swing between Deal, no Deal Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon […]
Croatia’s Defense Minister, Mr. Ante Kotromanović today received Minister Falah Mustafa, Head of KRG Foreign Relations and his accompanying delegation to exchanges views on the fight against ISIS and mutual military cooperation. Minister Kotromanović expressed his admiration for the bravery of the peshmerga forces in the fight against the ISIS terrorists and stated that, “Fighting […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up more than 7 percent early on Thursday, as the company announced that it had received further payments for its oil shipments. In an operational update issued ahead of the company's Annual General Meeting today, the GKP said it continues to produce at stable rates […]
Minister Falah Mustafa, Head of the KRG Foreign Relations received on Sunday the Kuwaiti Consul General and Vice Chairman of the Board of Directors of the Kuwait Red Crescent Society. The Consul General of Kuwait Dr Omar Ahmed al-Kandari stated that on the 11th of June 2015, the Emir and the Government of Kuwait agreed […]
By John Lee. The agreement between the Kurdistan Regional Government (KRG) and the Iraqi central government agreement on budget and oil exports looks set to collapse. Kurdish MP Ardalan Nouraddin told BasNews that a new agreement will be signed, adding, “the details are yet to be revealed.” Under the December agreement, the KRG was to […]
