The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Anne-Laure Barbosa at Constellis Consulting The Iraqi parliament’s approval of Sunni MP Khaled al-Obeidi as defense minister, and Mohammed al-Ghabban, a Shia member of the Badr Organisation, as interior minister, will provide a stronger political foundation for Abadi to counter the ISIS insurgency. Ghabban’s appointment follows weeks of negotiations and resistance from Abadi to nominate […]
Prime Minister Nechirvan Barzani today received Ivan Šimonović, the United Nations Assistant Secretary-General for Human Rights, and his accompanying delegation. The delegation said that compared to their previous visit back in 2011, they noticed sound improvements made by the Kurdistan Region in the areas of diplomacy, foreign relations, infrastructure, a free press, freedom of speech, […]
Range Energy Resources has announced that, on October 16, 2014, Gas Plus Khalakan ("GPK"), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, announced by press release that it has declared the Shewashan light oil discovery commercial under the terms of the Khalakan Production Sharing Contract (the "PSC") and is preparing […]
The United States and its allies will continue to provide support and assistance to the Kurdistan Region, a visiting US delegation told Prime Minister Nechirvan Barzani yesterday. The Prime Minister, along with a number of senior Kurdistan Regional Government officials yesterday in Erbil welcomed the United States Deputy National Secretary Advisor Anthony Blinken and his […]
KRG officials call upon the international community to help abducted Kurdish Yezidi women KRG officials seek international mobilization to consider the case of women abducted by ISIS terrorists. Following severe terrorists attacks against Kurdish Yezidi towns and villages in late July and early August, a large number of women and underage girls were abducted. According […]
By John Lee. ShaMaran has announced that it will launch a CAD 75 million equity rights offering to its shareholders that is supported by a comprehensive equity support arrangement from major shareholders, Lorito Holdings, Zebra Holdings and Investments, and Lundin Petroleum B.V. (the 'Standby Purchasers'). The proceeds of this financing will augment the funding required […]
By Vager Saadullah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Peshmerga Chief: Iran set Ambushes for us The head of the Iranian peshmerga said his forces acted in self-defense during rare clashes with Iranian forces on Sept. 13, which resulted in deaths on […]
By John Lee. In a market update this morning, Norwegian oil and gas operator DNO said it is logging the 834 meter horizontal section of the recently drilled Tawke-28 well and plans to place the well on production by early November. The next horizontal well in the field development program, Tawke-27, will spud shortly thereafter. […]
By Anne-Laure Barbosa at Constellis Consulting Elevated levels of violence continued to be reflected in a high number of casualties, with at least 408 recorded deaths over the reporting period. While reporting remains interrupted in large swathes of the North, evidence of war crimes committed by Shia fighters against Sunni populations was described in a briefing […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov (pictured) held meetings on Sunday with the Kurdistan Region of Iraq’s Parliament. The meeting focused on the continuous cooperation between the KR-I and the central government, as well as on the current humanitarian burden on the KR-I. He received a copy […]
By John Lee. Platts reports that Iraq has banned three oil tankers from loading at its oil terminals. in response to direct exports of crude by the Kurdistan Regional Government over the objections of Baghdad, shipping market sources said Friday. The United Carrier (pictured), the United Dynamic and the Nautilus have previously transported crude on […]
By John Lee. A tanker carrying crude oil from Iraqi Kurdistan is finally believed to have been unloaded. The United Leadership had been sitting off the Moroccan coast for more than three months, but Reuters reports that at the end of September it sailed away and appears to have been lightered somewhere in the Mediterranean. […]
