The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
DNO ASA, the Norwegian oil and gas operator, has announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO's Chief Operating Officer since 2021. Before joining DNO six years ago, he served as […]
From the United Nations Development Programme (UNDP): UNDP Iraq and USAID Seek to Revitalize Tourism in the Kurdistan Region In a milestone event aimed at reviving tourism in the Kurdistan Region of Iraq (KRI), the United Nations Development Programme (UNDP) in Iraq and the United States Agency for International Development (USAID) partnered with the Kurdistan […]
By Winthrop Rodgers for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish farmers expect weak tobacco harvest Aftereffects of genocide, competition from cheap imports and lack of government support combine to limit the market for local agricultural products. Click […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that, even if the Iraq-Turkey Pipeline (ITP) is reopened, its members will not produce oil until it is clear how they will be paid. While welcoming recent discussions between Iraq and Turkey on the possible reopening of the line, […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP), which operates oilfields in Iraqi Kurdistan, were trading down 7 percent at lunchtime on Thursday, after the company announced a "material uncertainty" regarding its continuation as a going concern. In its results for the half year ended 30 June 2023, the company said: "Nonetheless, given the […]
By John Lee. Prime Policy Group, which describes itself as "one of the first bipartisan government relations firms in Washington", has entered an agreement to provide professional services to the Erbil-based Arab Project Party. The firm, which is wholly owned by the UK-based multinational communications company WPP plc, will provide "election program support", with the […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Real Reason Russia Is Ramping Up Oil Production In Iraq With the future of independent oil supplies from the KRI looking highly precarious, Russia is moving firmly into the last […]
DNO ASA, the Norwegian oil and gas operator, today reported that production from its flagship Tawke field in Kurdistan has been restarted following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route. Production was restarted last month to conduct well integrity tests and synchronize reservoir models but has continued in response […]
By John Lee. The Saudi Export Development Authority (SEDA), under the banner of "Made in Saudi Arabia, Exported to the World," has conducted a trade mission to Erbil, Iraq. The mission, held on August 15, 2023, featured the participation of 34 Saudi companies and 140 Iraqi companies across diverse sectors including construction materials, food products, […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has urged the Iraqi Federal Government in Baghdad and the Kurdistan Regional Government (KRG) to honour their production sharing contracts (PSCs). The Association of the Petroleum Industry of Kurdistan (APIKUR) added that it wants those rights to be incorporated into Iraq's […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a summary of investments in the region over the past four years: Between August 28, 2019, and August 5, 2023, the ninth cabinet of the Kurdistan Regional Government completed 280 diverse investment projects across the region. A total of $13.53 billion was invested in these […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth […]
