The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. DNO, the Norwegian oil and gas operator, has reported third quarter 2014 gross production of 124,396 barrels of oil equivalent per day (boepd) on the strength of uninterrupted operations at its flagship Tawke field in the Kurdistan region of Iraq. Increasing volumes of Tawke oil were directed from local sales to exports […]
A high level Hungarian delegation headed by Mr István Mikola, State Secretary of the Ministry of Foreign Affairs and Trade, arrived in Erbil yesterday to officially open the Consulate General of Hungary and to discuss bilateral ties with the Kurdish leadership. During the two-day visit, the Hungarian delegation held meetings with President Masoud Barzani,Prime Minister […]
CHARITY CONCERT An evening of Kurdish music An evening for the people of Sinjar An evening to help keep a child warm this winter The KRG UK Representation is pleased to support a fund-raising concert at St Marylebone Church in London at 7pm on Saturday November 29 to buy blankets for the children of Sinjar who are sheltering in […]
By John Lee. Gulf Keystone Petroleum (GKP) has given an update this morning on its operations at Shaikan, its key producing asset. Shares in the company are up more than 70 percent from their low in October. The Company is on track to complete all remaining work in order to achieve 40,000 gross barrels of […]
By John Lee. Genel Energy has issued the following trading update and preview ahead of a capital markets day presentation for analysts and investors in London commencing at 14:00 GMT. The presentation materials will be published at 12:00 GMT on www.genelenergy.com with the event broadcast live on the website, and available for download shortly afterwards. […]
Kurdistan Region Prime Minister Nechirvan Barzani and Deputy Prime Minister Qubad Talabani talked to the press following yesterday’s Parliament session hosting the Kurdistan Region Oil and Gas Council. Prime Minister Barzani said the Region would not hand oil control to the Iraqi State Oil Marketing Organisation, SOMO. He noted the federal government cannot export oil […]
In a meeting in London on Friday with the Kurdistan Region’s Chancellor of the Security Council, Masrour Barzani, British Defence Secretary Michael Fallon said, UK is planning to provide more advanced weaponry at the nearest opportunity to the Peshmarga forces. He stressed that there is no political limit in supporting the Peshmerga, adding that the […]
A Kurdistan Regional Government committee visited Europe last week to campaign for international recognition of ISIS’s crimes against religious and ethnic groups as acts of genocide. The KRG High Committee on International Recognition for ISIS’s crimes against different religious and ethnic groups in Shengal and other areas of Kurdistan made the week-long visit to raise […]
By John Lee. On a three-day visit to Turkey, Iraq’s foreign minister Ibrahim al-Jaafari has reportedly told his Turkish counterpart, Mevlut Cavusoglu, that oil affairs in Iraq, including Iraqi Kurdistan, come under the control of Baghdad. At a join press conference he said that they are trying to resolve the recent “mistakes” with Turkey, a […]
By John Lee. In its third-quarter results on Tuesday, Talisman Energy gave the following update on its operations in Iraq: In the Topkhana Block, the extensive well testing of the T-2 well has been completed. The results were consistent with the results of the long-term K-2 well test, in terms of fluid rates and composition, […]
By Anne-Laure Barbosa at Edinburgh International Anbar excluded, casualty figures released by the UN stated that at least 1,273 people were killed and another 2,010 injured in ISIS-related violence across Iraq. Taking into account the areas where ISIS are in full control, these figures are likely to be much higher and the data published by the […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
