The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Shares in ShaMaran Petroleum gained 5 percent on Thursday after the company announced its financial and operating results for year ended December 31, 2016. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Highlights and accomplishments included: Construction of the 30,000 bopd Atrush […]
By John Lee. A spokesperson of the Iraqi oil ministry has told Rudaw that the Ministry is not aware of any agreement between Prime Minister Haider al-Abadi and the Patriotic Union of Kurdistan (PUK) to end disputes over oil production and exports from the disputed Kirkuk oil fields. Reuters quoted PUK deputy chief Kosrat Rasul […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani received Ms. Zainab Bangura, Special Representative of the United Nations Secretary General on Sexual Violence in Conflict, and her accompanying delegation. Ms. Bangura expressed her appreciation for the collaboration and assistance offered by the Kurdistan Regional Government’s institutions to the UN organizations, especially in the field of work […]
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]
WesternZagros Resources has announced a 60 percent increase in the company's Proved plus Probable ("2P") Reserves and a 250 percent increase in the net present value of the future net revenue of such reserves discounted at 10 percent ("NPV10"). The company has also provide d an Operational Update and confirmation of receipt of all proceeds […]
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 […]
