The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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 […]
By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The head of the Security and Defense Committee in the Iraqi parliament, Hakem al-Zamili, has spoken out about the corruption prevailing over Iraq's border crossings. In a press conference held Oct. 3, he stated that the state was not benefiting from […]
Gulf Keystone Petroleum (GKP) 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 August 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the May, June, July and […]
Genel Energy plc issues the following trading and operations update in respect of Q3 2016. The information contained herein has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: "Genel has received $163 million in cash proceeds during 2016, underpinning the drilling of successful production wells […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In 2014, following the withdrawal of Iraqi forces, Kurdish Peshmerga troops seized the oil-rich city of Kirkuk from the Islamic State of Iraq and the Levant (ISIL). Two years on and with a […]
Human Rights Watch (HRW) has said that Iraqi and Kurdistan Regional Government security authorities are unlawfully restricting the freedom of movement of displaced people in camps near Kirkuk. Despite the lack of hostilities in the area, people are not allowed to leave the camps freely. Displaced people in the Nazrawa and Laylan camps told Human […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Turkmens, who are citizens of Iraq with Turkish origins, have been calling for their own independent province in the Tal Afar district west of Mosul, located in the […]
By John Lee. WesternZagros Resources has announced that it has reached agreement with its major shareholder, Crest Energy International, to further extend the date by which the Company must deliver to Crest the first drawdown notice (the "Drawdown Deadline") for both debt tranches. Pursuant to the terms of the Loan Agreement, Crest has agreed to […]
