The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Head of the KRG Department of Foreign Relations, Falah Mustafa, attended the opening ceremony of the American Corner in the University of Kurdistan Hewler (UKH) in Erbil. The American corner will focus on promoting education in the host community, student exchange programs between the Kurdistan Region and the United States, providing electronic databases and […]
President Masoud Barzani visited Turkey to be received by President Recep Tayyip Erdogan to discuss a series of important issues facing the region. During the meeting President Barzani and President Erdogan spoke of the ongoing military operation against the terrorists of the Islamic State in the city of Mosul where President Barzani reiterated his position […]
Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government's Ministry of Natural Resources (MNR) is to begin exporting all Shaikan crude production via trucks to Turkey, from the end of February. Subsequently, no Shaikan crude will be injected into the Kirkuk-Ceyhan export pipeline at Fishkhabour, until […]
Russia's Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the IP week conference in London. Pursuant to the Cooperation Agreement the parties signed a pre-financed Crude Oil Purchase and Sale Contract of Kurdistan Region […]
The Netherlands is supporting reforms in the Kurdistan Region with a contribution to its Funding Facility for Economic Reform The Kingdom of the Netherlands is contributing nearly US$270,000 (€250,000) towards the implementation of the Economic Reform Roadmap, developed by the World Bank in cooperation with the Ministry of Planning of the Kurdistan Region of Iraq […]
Iraq prepares to curb greenhouse gas emissions through development of a roadmap for mitigation action A total of 27 Iraqi experts and officials discussed and agreed on an outline for Iraq’s actions towards mitigating the cause of climate change that will lead to the finalization of the country’s Roadmap for Nationally Appropriate Mitigation Action (NAMA). […]
By John Lee. UAE-based Dana Gas has said it had won a judgment against the Kurdistan Regional Government (KRG) at the London Court of International Arbitration (LCIA). The consortium of Dana Gas, Crescent Petroleum and Pearl Petroleum has been seeking to confirm its contract rights and obtain payment from the KRG for gas production. The company […]
Genel Energy has announced that it has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the […]
DNO ASA, the Norwegian oil and gas operator, today announced a stepped up drilling campaign in the Kurdistan region of Iraq and the Sultanate of Oman on the back of 2016 operating profits and improved payments for exports from its flagship Tawke field in Kurdistan. The Company also released its annual reserves report which showed […]
Genel Energy plc notes that DNO ASA, as operator of the Tawke field (Genel 25% working interest), has today published updated estimates of Tawke field reserves. At 31 December 2016, Tawke gross proved (1P) reserves are estimated by DNO ASA at 348 mmbbls, compared to 387 mmbbls at year-end 2015. At 31 December 2016, gross […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Food Security Cluster Co-coordinator, Action contre la Faim - ACF International WASH Programme Manager, Save the Children National Admin Officer, United Nations Assistance Mission for Iraq (UNAMI) Finance Coordinator, Norwegian Refugee Council (NRC) Associate Humanitarian Affairs Officer, Office for the Coordination of […]
Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, closed up 1.7 percent on Wednesday followingn a trading and operational update. This is in advance of the Company's full year results for the period ended 31 December 2016 which will be announced on Thursday 6 April 2017. […]
