The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Abu Dhabi National Energy Company (TAQA) is said to be in advanced talks to buy a stake in the Atrush Block in Iraqi Kurdistan. The Atrush Block is operated by the joint-venture company General Exploration Partners (GEP) which holds an 80 percent working interest in the Block. Aspect Holdings, LLC through […]
By John Lee. Shares in Afren closed down 1.8 percent on Tuesday following the company's interim management statement. Afren gave the following update on its operations in Iraqi Kurdistan: Barda Rash Having commenced an extensive testing programme at the BR-1 well in July 2012 and establishing oil rates in excess of 6,000 bopd of 28° […]
By John Lee. Prime Minister Nechirvan Barzani and a delegation of senior officials from the Kurdistan Region concluded a two-day visit to the Islamic Republic of Iran yesterday to promote greater cooperation in economic and trade relations. With the volume of trade between the Kurdistan Region and Iran estimated to be around $8 billion this […]
By Abdul-Khaleq Dosky. 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 tension between Iraqi Kurdistan and the leadership in Baghdad doesn’t seem to have diminished lately. NIQASH asked the Iraqi Kurdish why the Russians and Exxon […]
By John Lee. The Iraqi Government has reportedly told Gazprom Neft, the oil arm of Russian gas export monopoly Gazprom, to abandon oil deals in Kurdistan or face losing the lucrative Badra oilfield contract. The field, which is estimated to have reserves of 100 million barrels, is being developed by Gazprom (30%), Korea’s KOGAS (22.5%), […]
By John Lee. Dubai Chamber of Commerce and Industry is to set up representative office in Iraqi Kurdistan next yea, the chamber's chairman has announced. Abdul Rahman Saif Al Ghurair said: "The new office will help boost the presence of Dubai businesses in the Northern region of Iraq as the country was the second largest […]
Romanian Foreign Minister Titus Corlăţean concluded an official visit to the Kurdistan Region yesterday in which he met with KRG Prime Minister Nechirvan Barzani and officially opened the Consular Office of the Romanian Embassy in Erbil. The Foreign Minister expressed admiration for the political and economic developments in the Kurdistan Region and said that the […]
By John Lee. The Norwegian oil producer DNO International expects the Kurdistan Regional Government to pay the company part of the money it’s owed for exports by the end of the year. In September, Baghdad agreed to pay international companies 1 trillion Iraqi dinars ($858 million) and the KRG has received a first tranche of […]
By John Lee. According to industry sources cited by reuters, Gulf Keystone has restarted production in Kurdistan after a gap of six months. The company is now producing between 5,000 and 7,000 bpd for sale on the domestic market, and is developing its Shaikan field to raise output to around 40,000 bpd by the middle […]
By John Lee. The Customs Director of Iran's Kurdistan Province has said that $416-million worth of commodities have been exported to Iraq from this western province since the start of current Iranian year, March 20, 2012. Talking to the Iranian news agency IRNA, Mohammad Shahbazi said this represented an increase of 21 percent compared to […]
By Abdul-Khaleq Dosky. 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. Almost 30 years ago they were forced from their land so Turkish military could freely hunt rebels across the border. Now the Kurdish villagers, who have […]
The dispute between Iraq's central government and the Kurdistan Regional Government over oil contracts in northern Iraq has been dragging on for years, but it recent times we've seen developments that push the sides further apart rather than bringing them together. While the short-term issue of payments for shipments from Iraqi Kurdistan appears to have […]
