The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Full statement from Dana Gas Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, together with their partners in the […]
By John Lee. Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency […]
By John Lee. The UK government announced today that it is providing nearly £1 million [$1.2 million] in funding to Iraq to combat organized immigration crime and people smuggling gangs. This comes as part of a partnership with Iraq, particularly focused on the Kurdistan Region of Iraq (KRI), which was established four months ago. The […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, met with Japan's Ambassador to Iraq, Akira Endo, at the Ministry's headquarters on 25th March to discuss strengthening bilateral relations. During the meeting, a Memorandum of Understanding (MoU) was signed for a Japanese grant project provided by Japan International Cooperation Agency (JICA), aimed […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies will not resume crude oil exports via the Iraqi-Türkiye Pipeline (ITP) until the Government of Iraq (GOI) guarantees contract sanctity and payment for past and future exports. Full statement from APIKUR: Designated International Oil Companies (IOCs), along with […]
By John Lee. Following laying of the foundation stone by Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani, construction has officially begun on the 40-metre road project in Soran. The five-kilometres-long highway will feature three lanes in each direction, alongside a 2.5-metre-wide pedestrian pavement on both sides. A key highlight of the project is a […]
By John Lee. The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP). At the daily press briefing on Wednesday, State Department spokesperson Tammy Bruce told reporters: "We're urging the Iraqi Government to reach an agreement ... with […]
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. Shares were trading up more than two percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our […]
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: "In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss energy cooperation and economic ties. Al-Sudani reiterated Iraq's commitment to collaboration with Turkish companies, particularly in the energy sector, including cross-border electricity interconnection and cooperation on the Strategic Development Road Project. He also […]
From The Conversation. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces a deepening economic crisis as unpaid wages pile up Public sector workers in Iraqi Kurdistan, a semi-autonomous region of northern Iraq, have endured irregular and delayed salary payments for more […]
By John Lee. Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Türkiye Pipeline. APIKUR reiterated that its member companies are ready to restart […]
