The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Prime Minister Nechirvan Barzani yesterday received Mr. Marco Carnelos, Italy's ambassador to Iraq, accompanied by a diplomatic and military delegation. Mr. Marco Carnelos reiterated his country’s commitment to continue providing military and humanitarian aid to the Kurdistan Region. He commended the Peshmerga forces of the Kurdistan Region for their role in defending all the citizens […]
The Kurdistan Regional Government (KRG) has publishes its monthly oil export report for December 2015. KRG exported 18,105,734 barrels of crude oil (an average of 584,056 barrels per day (bpd)) in the month of December through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG […]
By John Lee. Bloomberg reports that Dana Gas PJSC is still waiting for payment of the $1.98 billion that it and two other energy companies -- Crescent Petroleum and Pearl Petroleum -- were awarded by the London Court of International Arbitration (LCIA) in November. The court gave the Kurdistan Regional Government 28 days to pay […]
The Iraq Britain Business Council (IBBC) in conjunction with the Federation of Chambers of Commerce in the Kurdistan Region of Iraq are hosting a one-day London Business Forum to exchange information on business opportunities in Kurdistan and the United Kingdom. The event will be held on the 20th January 2016 at The English-Speaking Union, Dartmouth […]
By John Lee. Four new border crossings are planned to be opened between Iraq and Turkey. The new posts at Gülyazı, Aktepe, Ovaköy and Üzümlü are intended to relieve the pressure on the Habur border crossing (pictured), which was recently closed for security reasons, and which has just been reopened on a limited basis. Annual […]
By John Lee. Washington DC-based communications consultancy BGR Government Affairs LLC has reported that it has been actively lobbying in the United States on behalf of the Kurdistan Regional Government (KRG). In a statement made pursuant to the US’s Foreign Agents Registration Act (FARA), the company also confirmed that it had billed the KRG $150,000 for […]
By John Lee. Iraq’s Ministry of Migration and Displacement has nominated a Kurdish Yazidi woman for the Nobel Peace Prize. Nadia Murad, aged 21, escaped from the Islamic State group (IS, ISIS, ISIL, Daesh) having being taken into sex slavery by the jihadist group. Since gaining freedom, she has addressed the United Nations Security Council […]
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of US$15 million (US$12 million net to Gulf Keystone) has been received by the Company for Shaikan crude oil export sales. This payment satisfies the Company's invoice for the month of December 2015 submitted to the Kurdistan Regional Government's Ministry of Natural Resources ("MNR"). Following […]
DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million as partial payment towards oil exported from the Tawke field by the Kurdistan Regional Government. The payment, to be shared pro-rata with Tawke license partner Genel Energy plc, is the fourth such monthly payment since September 2015. (Source: DNO)
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government ('KRG') for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. This represents the fourth export payment by the KRG since payments recommenced in September 2015. Genel's share of […]
Oryx Petroleum has announced that it has resumed drilling activities at the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq and that it has agreed with the vendor of OP Hawler Kurdistan Limited, the subsidiary of the Corporation that holds interests in the Hawler license area, to restructure the […]
Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - In a ceremony held yesterday, Italy's Consulate opened in Erbil, which was attended by the President of Italian Senate, Mr. Pietro Grasso and his accompanying delegation, Prime Minister Nechirvan Barzani, Deputy Speaker of the Kurdistan Parliament and a number of Kurdistan Regional Government ministers and officials. In his speech, Prime […]
