The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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') […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Access Coordinator, Country Office, Erbil, Norwegian Refugee Council (NRC) Finance Officer, Erbil, Norwegian Refugee Council (NRC) Finance Coordinator, Erbil, Norwegian Refugee Council (NRC) Human Resources Officer, Erbil, Norwegian Refugee Council (NRC) Education Coordinator - Construction, Erbil, Norwegian Refugee Council (NRC) Security Assistant, […]
By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On March 2, a military force affiliated with the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani seized the North Oil Company in Kirkuk province. The military […]
Further to reports in the media this week, Gulf Keystone (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, is today clarifying certain points regarding the marketing of Shaikan crude. Recent media does not correctly represent the views of the Company and its Executives. The inference is that the company does not know […]
Japan supports the construction and rehabilitation of the Community Police Centers in the Kurdistan Region of Iraq Thirty community police centers were handed over today to the Police Directorate of Kurdistan Regional Government’s Ministry of Interior, as part of the continuing support from the Government of Japan to Iraq. The project, “Improving the Impact, Effectiveness, […]
