The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Kurdistan Regional Government (KRG) has published its monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
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. Cap in Hand: Kurdish Will Return to Baghdad to Negotiate Oil Exports Iraqi Kurdistan's plan to export oil independently does not seem to be working. Sources say politicians will be […]
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. From Broad-Base To Dictatorship: As Coalition Fails, Locals Ask Which Form of Government Best for Iraqi Kurdistan Iraqi Kurdistan has gone through a number of different government formats, from coalitions […]
By John Lee. Reservoir imaging company Asian Oilfield Services Ltd has announced the successful completion of a 3D seismic survey for Gazprom in Iraqi Kurdistan. The company, based in Dubai, completed the survey of over 100 square kilometers at the Shakal License Block. It has previously worked at the Taza block in Kurdistan.
The British Museum is embarking on a programme of co-operation with colleagues in Iraq made possible with £3 million grant from the Department of Culture, Media and Sport (DCMS). This will enable the Museum to deliver a programme of in-depth and specialized training to establish a dedicated corps of Iraqi heritage professionals, fully skilled to […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A weak and divided Baghdad has been unable to play an effective role in solving the various central administration-related crises in Iraq, such as the Iraqi Kurdistan crisis. The opposition is accusing Iraqi Kurdistan […]
By John Lee. A court in the United States has dismissed a lawsuit over a disputed cargo of crude oil from Iraqi Kurdistan. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the coast of Texas after Baghdad tried to have a U.S. court seize the oil. Reuters reports that the case […]
By John Lee. Genel Energy has announced the sale of a 20 percent participating interest in the Chia Surkh Production Sharing Contract ('PSC') to Petoil Inc. As consideration for the sale of the 20% interest, Petoil will carry Genel's share of the costs associated with the Chia Surkh-12 ('CS-12') appraisal well. The total cost of […]
Range Energy Resources Inc has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, issued a press release stating that it has spudded the Shewashan-2 development well on 1st October 2015 under Phase 1 of the approved Field Development Plan (FDP) for the Shewashan oil […]
By Mahmut Bozarslan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Demonstrations turned violent earlier this month as thousands of people protested the dire economic situation in Iraqi Kurdistan, with many demanding that Massoud Barzani (pictured) step down as regional president. Developments that brought the […]
By John Lee. The Kurdistan Region’s Syndicate of Investors [Kurdistan Investors Union] has said that recent violent protests in Sulaymaniyah have cost the province $1 billion. Spokesperson Mala Yasin Mahmoud told BasNews that many strategic projects have been cancelled and foreign investors are leaving because of the protests. “At least 15% of the foreign investments […]
KRG Minister for Foreign Relations, Falah Mustafa Bakir, this week discussed business and economic opportunities in the Kurdistan Region with senior members of the New Zealand Middle East Business Council. The Members of the Council included Vice Chairman of the Council, Michael Webb, Executive Committee Member, Deborah Schlichting, and Executive Advisor, Michelle Boag. Mr. Bakir […]
