The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, were trading up 10 percent on Friday after the company issued an operational and corporate update. Highlights Agreement with the Kurdistan Regional Government's ("KRG") Ministry of Natural Resources ("MNR") and MOL Hungarian Oil & Gas plc ("MOL") has been reached in […]
Oryx Petroleum Announces Successful Appraisal Well at the Banan field Oryx Petroleum has announced an update on the drilling of an appraisal well targeting the Tertiary reservoir at the Banan field in the Hawler license area in the Kurdistan Region of Iraq. As at December 31, 2017, 26 million barrels (“bbl”) of unrisked gross (100%) […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $19.7 million ($15.5 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during March 2018. (Source: GKP)
By John Lee. Fly Erbil, Iraq's only Kurdish airline, successfully completed its first scheduled flight on Monday. The plane set off from Erbil International Airport en route to Stockholm in Sweden. The airline’s administrative director Ahmad Jamal told AFP that Fly Erbil currently has three planes and plans to increase to 10 in the future. […]
By John Lee. According to a report from Rudaw, the Kurdistan Region sells thousands of tons of plastic and cardboard waste to Turkish companies who recycle it and sell the products back to Kurdistan. Over the past two years, the KRG had issued 42 licenses to export 431,000 tons of waste plastic and cardboard. Read […]
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. By Saman Omer. In Iraqi Kurdistan, Final Exam Questions Sold for $100, Posted On Facebook As Iraqi Kurdish students prepared to take final exams, many found they could read all […]
Prime Minister Nechirvan Barzani has said the Kurdistan Regional Government is “firmly insistent to implement administrative reforms”. These remarks were part of a speech he made at the ceremony of presention of the ISO certificate to the KRG Ministry of Interior. He said the aim the KRG wants to attain is "to eliminate bureaucracy, red […]
Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government ('KRG') as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $11.81 million. The Taq […]
As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Kurdistan Regional Government of Iraq signed an agreement securing the intention of the Parties to make a detailed analysis of potential gas cooperation options. The Parties ensure stepwise implementation of the arrangements following the Investment Agreement signed at the XXI St. Petersburg […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $18.8 million ($14.7 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during February 2018. (Source: GKP)
Translations of Assyrian writings found by archaeologists from the University of Tübingen have yielded a secret lost to history: The place where the clay tablets were found - Bassetki, in Autonomous Region of Kurdistan in Iraq - appears to be the ancient royal city of Mardaman. This important northern Mesopotamian city is cited in ancient […]
By John Lee. Shares in Genel Energy were trading up 8 percent on Thursday morning after the company announced a big jump in cash reserves and positive developments at Peshkabir: Stephen Whyte (pictured), Chairman of GenelEnergy plc gave the following update at the company's Annual General Meeting this morning: "After a landmark 2017, Genel is […]
