The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract to Sohouh al-Tashyeed (SATEC) for the renovation of the Independent Human Rights Commission in Kurdistan (IHRC-KRG) Sub Office Building in Erbil. The contract is valued at $48,260. (Source: UNGM)
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. You don’t need to drive very far from the major Iraqi Kurdish city of Sulaymaniyah to exit the terrain controlled by the government of Iraqi Kurdistan. Twenty minutes from the […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed 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 January 2017. (Source: GKP)
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Finance Assistant, Norwegian Refugee Council (NRC) Junior-Berater Stabilisierung der Lebensgrundlagen, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Rappresentante Paese, Cooperazione Internazionale Fondazione (COOPI) Project Manager, Cooperazione Internazionale Fondazione (COOPI) WASH Technical and Consortium Coordinator, Agency for Technical Cooperation and Development (ACTED) Roving Sub-National […]
WesternZagros Resources has announced that the operator, Gazprom Neft Middle East B.V. ("Gazprom Neft"), has successfully performed an acid stimulation on the Sarqala-1 well located on the Garmian Block in the Kurdistan Region of Iraq in order to increase the well productivity. The acid stimulation was completed on March 31, 2017 and Sarqala-1 is currently […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 38.70 million toward […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi city of Mosul is being reshaped after bitter negotiations between the Iraqi government and Kurds. Once the dust settles, question will arise as to who will control what. And where does […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Controversy ensued when the flag of the Kurdistan Regional Government (KRG) was raised in Kirkuk on March 28. The local government in the province insisted on having the Kurdish […]
Gulf Keystone Petroleum (GKP) has announced its results for the year ended 31 December 2016, which show reduced losses for the period: Highlights to 31 December 2016 and post reporting period Operational: Gulf Keystone's operations in the Kurdistan Region remained safe and secure throughout 2016. Plant uptime (at PF-1 and PF-2) of over 98%, once […]
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. Who owns Kirkuk, the major northern city with the major oil resources? The authorities in Iraqi Kurdistan have always considered it part of their semi-autonomous region which meant that the […]
Genel Energy Holding Company Limited has announced a reverse tender offer (the 'Buy-Back Offer') to holders of Genel Energy Finance plc's ('the Issuer') USD 730 million GENEL01 PRO senior unsecured callable bonds with ISIN NO0010710882 (the 'Bonds'). All bondholders, subject to legal constraints, are invited to offer Bonds to the Company, being the sole shareholder […]
Shares in Genel Energy closed down 14 percent on Tuesday after the company announced a $181-million writedown in the value of its flagship Taq Taq oilfield in Iraqi Kurdistan, in which it has a 44-percent working interest. In a statement, the company said: As previously stated, the Company commissioned an updated Competent Person's Report ('CPR') […]
