The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Prime Minister Barzani chairs cabinet meeting, calls for constitutional solution to problems with Baghdad Prime Minister Masrour Barzani chaired a cabinet meeting in Erbil on Wednesday to discuss economic conditions in the Kurdistan Region and outstanding problems with the federal government. In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, the […]
By Mahmut Bozarslan for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Decentralization push sparks fears of division in Iraqi Kurdistan Is the Kurds' unity in danger in Iraqi Kurdistan, the autonomous region they managed to build after decades of grueling struggle? Fears of […]
By Jared Szuba for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Peshmerga Ministry pushes for joint security talks with Baghdad The Peshmerga Ministry of Iraq's Kurdistan Region said it will send a delegation to Baghdad to discuss security cooperation and the […]
Genel Energy has issued the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today. The information contained herein has not been audited and may be subject to further review. Bill Higgs (pictured), Chief Executive of Genel, said: "Despite the impact of COVID-19 creating a challenging environment […]
DNO ASA, the Norwegian oil and gas operator, has reported that it had identified and implemented 2020 budget cuts of USD 350 million or 35 percent across all spend categories as the Company moved early and quickly to protect its personnel and operations and preserve its cash position in response to the the devastating impact […]
DNO ASA, the Norwegian oil and gas operator, has announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in […]
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq cuts federal budget from KRG, Kurds defy it as political Adel Abdul Mahdi's Iraqi caretaker government in Baghdad April 16 has ordered its Finance Ministry in an official document […]
The KRG's Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for 2019. The report, available in Kurdish, English and Arabic, provides a quarterly analysis of oil export information and average prices, together with a consolidated annual overview. The data verification […]
By John Lee. Shares in Genel Energy plc were trading lower in Friday after the company said negotiations were continuing regarding the Bina Bawi field in Iraqi Kurdistan. In a statement, the company said: "Extensive documentation was received in mid-April from the Kurdistan Regional Government ('KRG') following the commercial understanding reached in September 2019. The […]
By John Lee. Baghdad is said to have stopped payments to the Kurdistan Regional Government (KRG). Writing for Argus Media, Rowena Edwards says central government will also seek to recover payments made since the start of the year, in the absence of KRG transfers of crude oil, which were part of the as-yet-unsigned 2020 budget. […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up around 10 percent on Thursday morning, following the company's announcement of its results for the year ended 31 December 2019. Jón Ferrier (pictured), Gulf Keystone's Chief Executive Officer, said: "2019 saw a step change in activity at Shaikan; we delivered production and controlled expenditures […]
By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Start-Ups will Overcome Coronavirus - And Be More Important Than Ever Over the past months, coronavirus has changed the world as we know it. […]
