The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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. […]
KRG Minister of Interior calls for urgent direct assistance to avert humanitarian catastrophe The KRG is calling for immediate, direct assistance to minimize a humanitarian catastrophe as a result of a lack of proper shelter and medical care for civilians fleeing Mosul. The KRG has not only supported and hosted fleeing IDPs, but also provided […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 8.41 million from the Kurdistan Regional Government as payment towards June 2016 crude oil deliveries to the export market from the Tawke field. The payment completes settlement of the total invoiced amount for June 2016 of USD 38.41 million, […]
The Abu Dhabi National Energy Company PJSC (TAQA) has announced the appointment of AbdulKhaliq Al Ameri as acting project director TAQA Iraq with immediate effect. Mr Al Ameri, previously deputy project director TAQA Iraq, will be responsible for the development of the Atrush block in the Kurdistan region of Iraq. He will report to Saeed […]
ShaMaran Petroleum has announced that it that it has successfully completed the book build for the equity issue (the "Private Placement") announced on January 19, 2017, on a private placement basis, of common shares of the Company ("Common Shares"). The pricing of the Private Placement was determined during the book-building process to be CAD 0.10 […]
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's full-year 2016 results, which are scheduled for release on 30 March 2017. In the statement (see below), the company said it expects a significant drop in production in 2017. Share were trading down 11 percent on Tuesday. […]
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in October 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the invoices for May to […]
From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]
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. In Iraqi Kurdistan, a Security Camera on Every Corner In Iraqi Kurdistan businesses can’t get a license unless security cameras are installed. But locals say cameras are unregulated and an […]
The International Federation of Journalists (IFJ) and its affiliate the Kurdistan Journalists Union (KJU) have condemned the brutal attack on a journalist by armed militia from the ruling party in the Kurdistan Region of Iraq. On 15 January, Iraqi journalist Karwan Haji, working for Afro and Kanky-Lash newspapers, was brutally attacked by armed militia from the […]
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. Power Station Attack First Sign that Iraqi Kurdish Protestors are Ready to use Violence? Just after protests about power cuts, somebody fired rockets at a Chamchamal power station. Is this […]
The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Baku, Azerbaijan from January 15–19, 2017 ahead of the second review of Iraq’s 36-month Stand-By Arrangement (SBA) that the IMF Executive Board approved on July 7, 2016 ( See Press Release No. 16/321). The first review under the SBA was […]
