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By Ibrahim Anwar : The majority of Kurdistan’s income is from the sale of oil. The Kurdistan Region produces 750,000 barrels per day (bpd) and, deducting all operation costs and other indirect costs, the Kurdistan Regional Government’s (KRG’s) revenue will be 1,720,000,000 USD for October 2013. The KRG has anticipated 1,957,000,000 USD as its monthly revenue during the first six months of 2014, with this…
By Osamah Golpy: The Kurdistan Region of Iraq has reduced the price of oil by half, from 1000 IQD to 500 IQD (approx. 0.60 USD) per litre. This cut came just four weeks before the parliamentarian elections, set for September 21st. It has come under attack from the opposition parties, not on environmental grounds, but…
By Kamal Chomani: Twitter: @KamalChomani With oil reserves of about 45 billion barrels, the Kurdistan Region of Iraq has become a production hub for giant oil companies. These reserves play a vital role in shaping the Kurdistan Regional Government’s (KRG) domestic, regional and international politics. KRG officials claim that oil has shown its potential to…
By Aland Mahwy: Hama-Jaza Hama-Salah, deputy natural resources minister of the Kurdistan region, is to file a law suit against Ashty Hawramy for insulting him, following his resignation as deputy minister. Ashty Hawramy, the KRG’s natural resources minister, accused his deputy on 8 June of using his position to put pressure on an oil company…
KT News and Comment: The Anglo-Turkish oil giant Genel Energy has donated $20 million to The American University of Iraq – Slemani (AUIS). Dr. Athanasios Moulakis, president of the AUIS, has expressed his gratitude: “We thank the Genel Energy for their generous donation. We also thank the (KRG) Kurdistan Regional Government Prime Minister and both…
By Sayran Hadi: I am a link between job seekers and employers in the Kurdistan Region. I receive hundreds of CVs every day and so many people want to change their job. They mostly want to join the oil sector… Life is not easy nowadays, especially in a country like Kurdistan – where business is…
By Shwan Zulal: First published on Niqash High fuel prices and long gas station queues in Iraqi Kurdistan have led to calls for a government subsidy on fuel. But one industry analyst thinks that’s a terrible idea: And it seems as though not a day goes by when oil in the semi-autonomous state of Iraqi…
By Shwan Zulal: At the airport moment before boarding the plane bound to the US, the Turkish Prime Minister, Recep Tayyip Erdoğan, announced that Turkey has agreed a deal with the Kurdistan Regional Government (KRG) and Exxonmobil for oil and gas exploration in the Kurdistan region of Iraq. The PM only made a brief statement…
By Mufid Abdulla: This article flows from the recent local news that there are 30,000 dollar millionaires in the south of Kurdistan. First of all we must ask ourselves what Kurdistan produces to create such a high-calibre rich class, or what innovations has the region seen in the past decade to justify this? In the…
KT News: The first cargo of crude oil from an oil field in the south of Kurdistan has been sold on the international market. This has happened in defiance of the Iraq central government and against the background of its ongoing dispute with the Kurdistan Regional Government (KRG). Reuters quotes sources as saying that a…
KT News and Comment: A prominent Gorran MP in the Iraqi parliament has accused other Kurdish MPs of wrongly opposing Iraq’s budget because of the ongoing oil dispute. Latif Mustafa told Awene that, while the Iraq budget ‘belongs’ to ordinary people, the oil dispute between Baghdad and Erbil mainly concerns the corrupt politicians, oil contractors…
KT News: Ashti Hawrami, the Kurdistan Regional Government (KRG) minister for natural resources, told a press conference in Erbil today that, in defiance of the Iraq central government, the KRG will press ahead with building its own oil export pipeline to Turkey. “We want to have an oil pipeline to ourselves,” announced Hawrami. “It is…
KT News: The Kurdistan Regional Government (KRG) has once again halted the export of oil through the pipelines to Turkey. This is due to the ongoing dispute between Baghdad and Erbil. Baghdad was supposed to make a second round of payments of liabilities to foreign oil companies by the middle of this month. However, it…
By Shwan Zulal: In some basic outline, this paper gives the readers an idea where Kurdistan Region foreign policy is at and where it is heading. It also points out the values and mechanisms the KRG are using and have used to enhance their influence in the region, exploring the issues behind the headlines. I…
By Shwan Zulal: It has been almost a year since super-major oil company ExxonMobil ventured into Iraq’s Kurdistan Region. Despite Baghdad’s harsh words against the company, it has suffered little punishment other than exclusion from the 4th bid round, in which it showed little interest anyway. Bookmark on Delicious Recommend on Facebook Share on Linkedin…
