The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Shares in Afren plc have fallen more than 20 percent on Monday morning, after the company provided the following update in relation to its sixty percent working interest in the Barda Rash field in the Kurdistan region of Iraq: An updated Competent Person's Report (CPR) of Barda Rash, carried out as part […]
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. The Kurdish Plan To Take Out International Loans: Financial Folly? The past year has done much damage to the economy of Iraqi Kurdistan. And late in 2014 the government of […]
By John Lee. A Texas court has ruled that the case of a disputed shipment of crude oil from Iraqi Kurdistan, which has been waiting off the Galveston coast for several months, falls within its jurisdiction. The court also rejected the Kurdistan Regional Government's claims of sovereign immunity, leaving the way open for Iraq's oil […]
By John Lee. A source at Iraq’s North Oil Company has said that technical problems have stopped the export of Kirkuk crude oil to Turkey via the Kurdistan pipeline. He told BasNews that the problem happened in Turkey, not in the Kurdistan Region. It remains unclear when the problem will be resolved. (Source: BasNews)
Bayan Sami Abdul Rahman yesterday began her mission as the Representative to the United States of America. Minister Falah Mustafa Bakir, Head of the Department of Foreign Relations, met with Ms Abdul Rahman and the staff of the Kurdistan Regional Government Representation in Washington DC to officially declare her as the new representative and to […]
By John Lee. Gulf Keystone Petroleum has announced that the existing Shaikan production facilities ("PF-1" and "PF-2") are now producing from seven wells with Shaikan-8 expected to come online in January 2015. Total daily production has been gradually increasing since early December 2014, reaching the Company's 40,000 gross barrels of oil per day target on […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In northern Iraq, Kurdish Peshmerga forces are also trying to re-take territory occupied by ISIL. One of the key battles is in the village of Sultan Abdullah. Peshmerga forces were reportedly in full […]
In the presence of Prime Minister Nechirvan Barzani, China’s Vice Foreign Minister, Zhang Ming, officially opened China’s consulate general in Erbil today. Prime Minister Barzani in his speech applauded the decision of the government of China to open its consulate general in Erbil. He said: “Opening the consulate general of the People’s Republic of China […]
By Padraig O'Hannelly. Dr Ashti Hawrami (pictured), the KRG's Minister for Natural Resources, has clarified the two stage process involved in the recent agreement between Erbil and Baghdad regarding oil exports. Speaking at CWC's Kurdistan-Iraq Oil & Gas Conference recently in London, Dr Hawrami said that the first stage of the resolution covers the issues […]
The opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Statement/ Open Letter* by Iraqi Energy Experts and Professionals on the Latest Oil Agreement with KRG H.E. the Prime Minister esquire; H.E. the Speaker of the Federal Parliament esquire; T.E: Members of the Federal Parliament and […]
By Padraig O'Hannelly. DNO Chairman Bijan Mossavar-Rahmani (pictured) has given an upbeat assessment of the company's operations in Iraqi Kurdistan. Addressing CWC's Kurdistan-Iraq Oil & Gas Conference in London last week, he said that the Tawke well was on target to hit a cumulative output of 100-million barrels of oil at some point in the […]
After easing almost a year of financial crisis and terrorism threat, the Kurdistan Region last week hosted the 10th Erbil International Fair attended by 250 companies from 16 countries. In the wake of initial agreement between Erbil and Baghdad to resolve oil export and budgetary issues, and of security advances to halt the ISIS threat, […]
