Barzani is likely to referendum next September

Barzani is likely to referendum next September Baghdad – Journal News Kurdistan Democratic Party (KDP), led by Massoud Barzani (Kurdistan Region President), announced that the referendum on the province will be held in conjunction with the elections of Kurdistan Parliament and the provincial presidency elections. “The referendum will be attended …

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Paliamentary Economy in Iraq

Parliamentary Economy: Iraq looks to diversify the sources of funding the state treasuryP He assured the Committee of Economy and Investment parliamentary member Jawad al-Bolani, on Wednesday that the telecommunications sector is a second source of the Iraqi state treasury after oil, while suggesting the need for Iraq to investment …

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Divisions as Iraq looks to Reshape Mosul

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi city of Mosul is being reshaped after bitter negotiations between the Iraqi government and Kurds. Once the dust settles, question will arise as to who will …

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Egypt Approves Deal to Import Oil from Iraq

The Egyptian Petroleum Minister, Tareq al-Mulla (pictured) has stated that the Egyptian cabinet, during its meeting on 10 April under Prime Minister Sherif Ismail, approved buying oil from Iraq and clinching a deal to import about million barrels monthly, with a total of 12 million barrels annually. Mulla added that …

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DNO Reports Payment for Tawke Deliveries

DNO Reports Payment for Tawke Deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, …

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DINAR UPDATES

WesternZagros Announces 42% Production Increase at Sarqala-1 WesternZagros Resources has announced that the operator, Gazprom Neft Middle East B.V. (“Gazprom Neft”), has successfully performed an acid stimulation on the Sarqala-1 well located on the Garmian Block in the Kurdistan Region of Iraq in order to increase the well productivity. The …

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