Reuters reports that Kurdistan has begun shipping oil to international markets in independent export deals that some see as paving the way to greater Kurdish autonomy. The move is likely to further enrage the central government in ...
Tags: Ali al-Dabbagh, Ashti Hawrami, KRG, Kurdistan, oil contracts, oil exports
The Board of EITI (Extractive Industries Transparency Initiative) has declared Iraq to be ‘Compliant’ with the EITI Standard. There are now 18 countries that are ‘EITI Compliant’. EITI compliance means that the ...
Tags: Iraq, EITI Standard, oil, gas, mining
Austrian companies in Vienna heard about the investment and trade opportunities in the Kurdistan Region, at the first business lunch to be jointly hosted by the Kurdistan Regional Government Austrian Representation and the Austrian Federal ...
Tags: Austrian companies, KRG Investment Board Chair, investment
Anbar Investment Commission (AIC) announced today that it is postponing its third annual international conference which was scheduled for December 15-17, 2012 in the city of Erbil, Kurdistan, Iraq. The Commission’s Board of ...
Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
WesternZagros Resources has announced that it and the operator, Talisman, are preparing to complete the Kurdamir-2 well after successfully finishing an additional cased-hole test in the Oligocene Formation (DST#7). The test was conducted ...
Tags: oil, Metallurgy
Iraqi Kurdistan's oil exports have halved to around 100,000 barrels per day in recent days in what could be a result of its long running dispute with Baghdad over payments to oil firms operating in the region. An Iraqi oil official said ...
Tags: gas, Metallurgy
Gulf News reported that Abu Dhabi National Energy Company has signed an agreement to acquire 53.2% interest in the Atrush block in the Kurdistan region of Iraq from General Exploration Partners Inc, an affiliate of Aspect Holdings, LLC for ...
Tags: oil&gas drilling, oil investment, oil jobs, oil heating prices
Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi
Reuters reported that Dana Gas has received USD 48 million in overdue payments for fuel supplied in Kurdistan. Delays in getting paid for operations in both Kurdistan and Egypt have contributed to Dana's financial problems which ...
Tags: overdue payments, oil gas industries, fuel oil plus, kurdistan iraq
By Qassim Khidhir Hamad. 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. There has been an ongoing conflict between Iraqi ...
Dana Gas, in talks to restructure USD 920 million Islamic bond is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one. Two sources said that the natural gas producer became the first ...
Tags: Dana, natural gas, Ashmore Group, BlackRock
The UAE's Dana Gas has signed agreements with the Sharjah and Ajman governments to develop a gas field located about 40 km offshore in shared territorial waters, the company said in a statement Thursday. The agreements include a ...
Reuters reports that LUKoil,Russian's biggest non-state oil producer,which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field,has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long ...
Tags: LUKoil, ExxonMobil, oil producer, Kurdistan