The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. A Canadian court has reportedly ordered the seizure of a cargo of crude oil from the Kurdistan Region of Iraq (KRI). The Iraqi Oil Ministry requested the seizure of the 721,915-barrel cargo on the "Neverland" oil tanker claiming that it has been unlawfully misappropriated by the Kurdistan Regional Government (KRG). The move […]
By John Lee. Gulf Keystone Petroleum (GKP) confirmed today that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in March 2017. (Source: Gulf Keystone)
By John Lee. According to a report from Rudaw, more than 140,000 tourists have visited the Kurdistan Region for the Ramadan holidays, an increase for the second year in a row. These interim figures are only for four days — Friday until Monday. Final figures will be released next week. Eid al-Fitr, which marks the […]
By John Lee. Public strategy firm Mercury has been chosen to lobby on behalf of Sulaymaniyah-based PAM Media in the United States. PAM Media is a production company that produces advertisements for commercial products or services; it is owned by Nalia Media Corporation (NMC), which also owns NRT TV. Documents lodged with the US Senate […]
By John Lee. Rudaw reports that the construction of a dam in Iran has led to a major reduction in the supply of water to the town of Qaladze in the Kurdistan Region of Iraq. The dam in Sardasht is on the Khas river, which flows into Qaladze; water supplies are said to be down […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of my Kurdish colleagues, members of the Finance and Oil Committees in the Iraqi federal Parliament, asked for my opinion on these deals. In response to that request and due to […]
By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After decades of waiting, the Kurds are finally set to hold a referendum on independence in the fall. Massoud Barzani, the president of Iraqi Kurdistan, met June 7 with Kurdish political parties to discuss the […]
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $15.24 million from the Kurdistan Regional Government ('KRG') for oil sales during March 2017. Genel's net share of the payment is $8.38 million. The payment reflects full settlement of the invoiced amount for March 2017 oil sales, and incorporates […]
By John Lee. WesternZagros Resources has announced that the operator has completed the installation of surface equipment to expand the Sarqala production facility. Current production for the Sarqala-1 well is approximately 9,500 barrels per day of oil, which is in line with the company's first quarter guidance expectations. (Source: WesternZagros)
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces many Obstacles to Independence Referendum Iraq's Kurdistan Regional Government (KRG) announced May 24 that it had formally informed the United Nations Security Council of its intention […]
By John Lee. Chinese engineering company Norinco International has reportedly signed a contract with Jabal Bazian Co for General Trading [Jabal Jaber Bazian Company for General Trading] for the construction of a new cement plant in Iraq. The $445-million contract covers the plant's production line design, purchasing, construction management, operational work as well as administration […]
By John Lee. The Kurdistan Region of Iraq is to hold a referendum on independence on 25th September. According to BBC News, there was no immediate comment from Iraq's central government, but it has urged Kurds not to hold a referendum. Moves towards outright independence have historically been opposed by the governments of neighbouring Iran, […]
