The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Facilities Management Assistant, United Nations Assistance Mission for Iraq (UNAMI) RSD Associate, United Nations Assistance Mission for Iraq (UNAMI) Business Support Assistant, United Nations Assistance Mission for Iraq (UNAMI) Storekeeper, Agency, United Nations Assistance Mission for Iraq (UNAMI) Monitoring Assistant, Agency, […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for September 2016. During the month it exported 564.8k bpd from the Turkish port of Ceyhan, significantly up from the previous month’s figure, at an average price of $36.10 per barrel, bringing in revenue of $612 million. Please click here to view […]
The Kurdistan Region’s Ministry of Natural Resources (MNR) has said it is investigating a senior official who may have given “confidential data for oil and gas blocks” to a London-based company. In a statement, the MNR said that a London-based company is promoting itself to potential investors as a new upstream investment vehicle focussed on […]
By John Lee. Gulf Keystone (GKP) has confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in July 2016. The company said in a statement that it and the KRG's Ministry of Natural Resources (MNR) continue to work towards agreeing […]
A new Funding Facility for Economic Reform is being established to accelerate reforms in the Kurdistan Region The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to […]
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government ('KRG') for oil sales during July 2016. Genel's net share of the payment is $12.85 million. The payment reflects full settlement of the invoiced amount for July 2016 oil […]
UNHCR scholarship scheme helps Syrian refugees access university degrees in the Kurdistan Region of Iraq UNHCR, the UN Refugee Agency, in coordination with the Ministry of Higher Education and Scientific Research of the Kurdistan Region of Iraq (KR-I), this week opened its DAFI scholarship enrolment programme in KR-I and started receiving applications. UNHCR’s higher education […]
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. Is Iraq’s Most Rebellious City on Verge of Economic Collapse? The people of the northern Iraqi city of Sulaymaniyah are proud of their culture and the way they can debate […]
Gulf Keystone Petroleum (GKP) has announced its results for the six months ended 30 June 2016. Operational highlights Security situation and HSSE performance All operations in the Kurdistan Region of Iraq remain safe and secure with no significant HSSE incidents during the period Production and sales Strong production performance resulted in gross production of 6.0 […]
By John Lee. Iraq's Ministry of Oil has denied that there is any new agreement between Baghdad and Erbil regarding the export of crude oil. In a statement issued on Monday, the ministry confirms that "the last agreement is still active ... [and it] includes the budgets of the last two years in addition to […]
By John Lee. TThe Khoshnaw Group, a Kurdish private company, has reportedly bought the Ishik educational institutions in Iraqi Kurdistan. BasNews says that the chain of fee-paying schools and universities were affiliated with the Gulenist Movement in Turkey, and are attended by nearly 40,000 students. No further details of the deal and the future administration […]
A pipeline pumping around 90,000 bpd from a field near Kirkuk to the Turkish port of Ceyhan (pictured) via Kurdistan reportedly stopped operations on Monday morning due to a "technical defect". North Oil Company (NOC) sources told Reuters on Wednesday that maintenance teams are working to repair the pipeline, which is expected to resume operations within […]
