The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field. The GPK operations update outlines the continued operating and development events occurring on the Shewashan field including the spud of a new well, Shewashan-4. Key events include; Shewashan-4 Spud: The […]
DNO ASA, the Norwegian oil and gas operator, today announced a third consecutive quarter of operating profits and the completion of the first phase of the 2016-2017 drilling campaign at the Company's flagship Tawke field in the Kurdistan region of Iraq. Four new production wells at Tawke, three of which targeted the shallow Jeribe reservoir […]
Mott MacDonald has been appointed by Qaiwan Group to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan. The facility will handle petroleum products such as gasoline, diesel, aviation turbine fuel, kerosene, fuel oil and liquefied petroleum gas. Qaiwan Group is a 2000-strong privately-owned company headquartered in Sulaymaniyah, […]
The KRG Ministry of Natural Resources announces the publication of the Kurdistan Oil Production Report. The report is compiled from data provided by the oil producing companies operating in the Kurdistan Region, and details overall oil production, export, refining, and local trading in KRG-operated fields from January 2015 to September 2016. It also breaks down […]
Kurdistan’s Oil & Gas Leaders to Hold Official Annual Meeting in London The Ministry of Natural Resources of the Kurdistan Regional Government, Iraq is to hold the sixth official Kurdistan-Iraq Oil & Gas Conference in London, on 5-7 December 2016 to drive forward the oil and gas development in the Region of Kurdistan. Energy events […]
Archeologists from the Institute for Ancient Near Eastern Studies (IANES) at the University of Tübingen in Germany have uncovered a large Bronze Age city not far from the town of Dohuk in northern Iraq. The excavation work has demonstrated that the settlement, which is now home to the small Kurdish village of Bassetki in the […]
Kurdish authorities bulldoze homes and banish hundreds of Arabs from Kirkuk Kurdish authorities have carried out a wave of attacks, demolishing the homes and driving out hundreds of Arabs from Kirkuk, as apparent revenge for an attack carried out by the armed group calling itself the Islamic State (IS) on 21 October, said Amnesty International […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 31.33 million from the Kurdistan Regional Government as payment towards August 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 26.27 million toward the monthly […]
UNDP and Toyota capacitate displaced Iraqis to join the workforce and contribute to rebuilding the business environment The United Nations Development Programme (UNDP) and Toyota Iraq launched a flagship job placement and vocational training programme to provide young, displaced Iraqis with access to sustainable income opportunities. This comes nearly four months after both parties signed […]
By John Lee. Shell and oil trading house Vitol are reported to be stepping up their operations in the port of Fujairah to store Iraqi crude. Shell, an equity partner in Iraq's Majnoon oilfield, leased five large crude storage tanks at Fujairah port last year. Vitol has also started to store crude from Iraqi Kurdistan in […]
By John Lee. The Kurdistan Regional Government's Ministry of Higher Education and Scientific Research has requested proposals from investors interested in setting up two new private universities. One university will be in Erbil, and one in Sulaymaniya. Proposal should be sent to the Ministry HQ by 11th November, 2016. More information here. (Source: KRG)
Yazidi survivors and public advocates Nadia Murad and Lamiya Aji Bashar were announced as this year's Sakharov Prize laureates during this week's plenary session in Strasbourg. The annual Sakharov Prize for Freedom of Thought is awarded to individuals who have made an exceptional contribution to the fight for human rights across the globe, drawing attention […]
