The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Kurdistan Regional Government (KRG) has delayed payments to oil producers by several weeks. In statements to the markets on on Thursday, Genel Energy, Gulf Keystone Petroleum (GKP) and Shamaran Petroleum said that payments relating to invoices for oil production in August and September, which were due to be paid in November […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Oil trail reveals Turkey funding Syrian Kurdish rivals At the Halifax Security Forum, an annual event attended by high-powered government officials, business titans and assorted other movers and shakers […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani has today chaired a cabinet meeting to discuss the draft Reform Bill, a central pillar of the Kurdistan Regional Government’s agenda. Developed as a joint initiative involving all parties in the government, the Reform Bill includes a series of measures designed to provide more […]
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 […]
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid […]
By John Lee. The government-sponsored Taiwan External Trade Development Council (TAITRA) has reportedly signed a memorandum of understanding (MOU) with the Sulaimaniyah Chamber of Commerce & Industry (SCCI) in a bid to promote bilateral trade. Taiwan News says the document was signed by SCCI President Sirwan Mohammed Mahmood and TAITRA Executive Vice President Leonor F. […]
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announced that in the first nine months of 2019 collections in Egypt, the UAE and from its share of Pearl Petroleum Company Limited's sales in the Kurdistan Region of Iraq (KRI), increased 16.7% year on year to $230 million (AED 844m). Dana […]
By John Lee. Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the resumption of its direct services between Bahrain and Erbil in Iraq; further strengthening the airline’s existing Iraqi routes of Baghdad and Najaf. The airline’s services to Erbil will commence on 02 February 2020, and will see Gulf Air’s three […]
The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry. The group, led by Baroness Nicholson, UK […]
KRG Prime Minister Masrour Barzani has received a delegation from the Iraq Britain Business Council (IBBC) headed by its chairman and the UK Prime Minister's Trade Envoy to Iraq, Azerbaijan, Turkmenistan, and Kazakhstan, Baroness Emma Nicholson. The two officials discussed strengthening bilateral trade relations between the Kurdistan Region and the United Kingdom. The Prime Minister […]
By John Lee. Shares in DNO ASA, the Norwegian oil and gas operator, were trading down 7.5 percent on Thursday morning, after the company reported a net loss for the third quarter. The company reported what it described as strong third quarter revenues of USD 227 million, up 33 percent from a year earlier, on […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Civil society activists and journalists leave Baghdad in fear of being arrested On Oct. 9, an Iraqi journalist left Baghdad for Erbil, the capital of the Kurdistan Region of Iraq, […]
