Kurdistan Regional Government Company News

Recent Articles

Results 42 articles shown

KRG Doing All It Can To Ensure IOC Payments Says Deputy Prime Minister
The Kurdistan Regional Government is doing all it can to ensure prompt payments to international oil and gas companies operating in the area, KRG Deputy Prime Minister Qubad Talabani says.
7:00 PM EST | December 04, 2016
Gulf Keystone Confirms KRG Payment
Gulf Keystone Petroleum confirms receipt of a gross payment of $15 million from the Kurdistan Regional Government on March 4.
7:00 PM EST | March 07, 2016
DNO Receives Partial Payment from KRG for Oil Exports
DNO ASA confirms receipt of $30 million by the Kurdistan Regional Government as a partial payment towards oil exported from the Tawke field.
7:00 PM EST | December 02, 2015
Genel Energy to Buy OMV Stake in Bina Bawi Field
Genel Energy signs an agreement with OMV to buy its 36% operated stake in the Bina Bawi field, located in the Kurdistan Region of Iraq.
8:00 PM EST | September 14, 2015
MOL Scales Back Investment in Kurdistan Region of Iraq
MOL scales back investment in the Akri-Bijeel Block, located in the Kurdistan Region of Iraq, due to payment issues associated with the block and the area's geological complexity.
8:00 PM EST | September 07, 2015
Genel Energy Receives $16.5M from KRG
Genel Energy receives $16.5 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline.
8:00 PM EST | September 07, 2015
KRG Allocates $75-$100M as Payment for IOCs
The Kurdistan Regional Council for Oil & Gas Affairs approves the allocation of $75-$100 million of the revenue from the KRG's direct crude oil sales as payment for exporting international oil companies.
8:00 PM EST | August 26, 2015
Kurds Say Have Not Agreed to Export Oil Via Iraq's SOMO
Kurdistan has not agreed to export crude via Iraq's SOMO, a spokesman for the autonomous region's government says, contradicting earlier comments by a top energy official in Baghdad.
7:00 PM EST | February 19, 2014
Iraqi Kurdistan's First Oil Exports via Turkey Pipeline Seen by End-Jan
The first crude has started to flow through Iraqi Kurdistan's new pipeline across Turkey and the first independent exports are expected to begin at the end of this month, the Kurdistan Regional Government (KRG) says.
7:00 PM EST | January 08, 2014
Turkey to Seek Baghdad's Consent for Iraqi Kurdish Oil
Oil exports from anywhere in Iraq to Turkey need the central government's approval, Baghdad and Ankara say after a bilateral meeting aimed at diffusing a row over energy exports from Iraq's autonomous Kurdish region.
7:00 PM EST | December 01, 2013
Kurdistan Regional Govt Places PSCs into Public Domain
As part of the Kurdistan Regional Government's ongoing transparency initiative, the Ministry of Natural Resources is putting all signed PSCs for O&G in the Kurdistan Region into the public domain.
8:00 PM EST | September 19, 2011
Iraq's KRG in Nabucco Supply Talks
Iraq's Kurdistan Regional Government is in talks with three companies to supply natural gas to the Nabucco pipeline.
7:00 PM EST | February 02, 2010
DNO Reports on Production Results in Yemen, Kurdistan Region
DNO has reported its Middle Eastern production for third quarter 2009. DNO's working interest production was 44,578 bopd in third quarter. DNO's net entitlement production increased from 11,753 bopd in second quarter to 29,783 bopd in third quarter.
8:00 PM EST | October 18, 2009
DNO to Restart Operations in Kurdistan Region
DNO has been in continuous discussions with the KRG and, as a result of its remedial actions, DNO's rights to its production sharing contracts are reinstated with immediate effect.
8:00 PM EST | October 05, 2009
Addax Receives Letter from Kurdistan Regional Government
Addax has received a letter from the Kurdistan Regional Government and has confirmation from Sinopec that receipt of this letter satisfies the condition to the offer to acquire the company.
8:00 PM EST | July 21, 2009
Gulf Keystone Inks Deal for 2 Key Kurdistan Blocks
Gulf Keystone will hunt for hydrocarbons in two key blocks of Iraq's Kurdistan Region, alongside its new strategic investment partner, ETAMIC.
8:00 PM EST | July 19, 2009
Iraqi Oil Minister Says Energy Strategy Is on Track
Oil Minister Hussein al-Shahristani Tuesday defended his strategy for tapping Iraq's vast energy reserves, saying output must increase before new fields can be explored.
8:00 PM EST | June 22, 2009
KRG Celebrates Historic Achievement with First Crude Oil Export
The export of crude oil from the Tawke and Taq Taq fields represents a landmark accomplishment for the Kurdistan Region that will bring in much needed revenues for the people of Iraq.
8:00 PM EST | June 01, 2009
Addax Petroleum, Genel Kick Off Exports from Taq Taq License
Addax and its partner, Genel Energy, commenced the international export of oil from the Taq Taq license area in the Kurdistan Region of Iraq.
8:00 PM EST | May 31, 2009
KRG Minister Welcomes Investments in Future Gas Exports from Region
The KRG shall be a willing partner to facilitate the supply of all the Kurdistan Region's surplus gas to the Nabucco pipeline owners, on arm's length commercial terms to be agreed with the KRG.
8:00 PM EST | May 17, 2009
Baghdad Won't Pay Cos for Kurdish Oil Exports
International companies that want to pump oil in the autonomous Kurdish region of northern Iraq won't be paid from federal revenues, Iraq's oil minister has said.
8:00 PM EST | May 14, 2009
Addax Receives Permission from Kurdistan Govt to Export Oil from Taq Taq
Addax has received formal notification from the Kurdistan Regional Government of its decision to commence the export of crude oil from the Taq Taq Field.
8:00 PM EST | May 10, 2009
KRG to Start Up Crude Oil Exports from Tawke in June
The KRG Ministry of Natural Resources announced that crude oil exports will commence on June 1 from the Tawke Field at an initial rate of around 60,000 barrels per day.
8:00 PM EST | May 07, 2009
Heritage Notes KRG's Third Party Nominee in Miran License
Heritage has acknowledged the Kurdistan Regional Government's nomination of Genel Energy as the Third Party Participant in the Miran License.
8:00 PM EST | April 08, 2009
Kurdistan Regional Govt Assigns Interest in Tawke PSC to Genel Enerji
The Kurdistan Regional Government advised DNO that it has completed the assignment of a 25% Third Party Interest in the Tawke Production Sharing Contract to Genel Enerji.
8:00 PM EST | April 06, 2009
KRG PM, Iraqi Oil Minister Shake Hands to Further Develop Iraq Oilfields
Prime Minister Nechiravan Barzani and Iraqi Oil Minister Hussain al-Shahristani announced that both sides would prepare for the future joining of two oilfields, Tawke and Taqtaq in the Kurdistan Region, to the main northern export pipeline to Ceyhan.
7:00 PM EST | November 25, 2008
Addax Grabs Interest in Sangaw North License Area in Kurdistan Region
Addax has acquired a 33.33% interest in the Sangaw North Production Sharing Contract. The Sangaw North license area is operated by Sterling Energy plc and is southeast of the Corporation's Taq Taq field.
8:00 PM EST | October 08, 2008
KRG, KNOC Ink Exploration, Drilling Agreements for Kurdistan Region
The KRG Prime Minister signed a series of ground-breaking agreements with the Korean National Oil Co., which finalize a set of preliminary agreements for KNOC to explore and drill on several sites in the Kurdistan Region.
8:00 PM EST | September 28, 2008
DNO Ups Interest to 55% in Kurdistan Region's Tawke Area
DNO announced that the Tawke PSC in the Kurdistan region of Iraq has been extended to include an area to the west of The Tawke Field, including the West Dohuk Structure. The extension increases DNO's working interest in this structure by 15% to 55%.
8:00 PM EST | September 11, 2008
Oil Search Signs Kurdistan PSC
Oil Search Limited announced that it has signed a Production Sharing Contract (PSC) for the 632 square kilometer Shakal Block with the Kurdistan Regional Government (KRG) in Iraq.
8:00 PM EST | May 11, 2008
KRG PM Optimistic on Oil Talks, Iraq Stands Firm
Kurdistan Regional Government Prime Minister Nechirvan Barzani returned April 22 from "optimistic" talks with Iraqi Prime Minster Nouri al-Maliki regarding the temporarily stalled hydrocarbons law.
8:00 PM EST | April 21, 2008
Iraqi Kurds Brush Off Baghdad Gov't Nullifying Oil Deals
The Kurdistan Regional Government brushed off a statement by Iraqi Oil Minister Hussein al-Shahristani in which he declared all oil contracts signed by the Kurdish regional authorities with foreign companies null and void.
7:00 PM EST | November 25, 2007
Kurdistan Signs Five More Petroleum Contracts
The Kurdistan Regional Government has signed five more production sharing contracts. These deals come after a string of recent PSCs announced last week.
7:00 PM EST | November 11, 2007
Sterling Energy Signs PSC for Kurdistan Block
Sterling has entered into a PSC with the KRG for the Sangaw North exploration block.
7:00 PM EST | November 11, 2007
Reliance Industries Awarded Two Blocks by Kurdistan Regional Government
Reliance Industries has executed two PSCs with the KRG covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.
7:00 PM EST | November 11, 2007
Gulf Keystone Signs PSC with KRG for Stake in Shaikan Block
Gulf Keystone has signed a PSC with the KRG for the exploration, development and production of hydrocarbon resources in the Shaikan Block in the Dihok area of the Kurdistan Region in Northern Iraq.
7:00 PM EST | November 06, 2007
OMV Strengthens E&P Core Region Middle East
OMV strengthens its E&P core region Middle East with the signing of two production sharing contracts for two exploration blocks with the Kurdistan Regional Government.
7:00 PM EST | November 06, 2007
KRG Signs 7 New PSCs
KRG Minister of Natural Resources, on behalf of the Regional Oil and Gas Council, signed seven production sharing contracts in Kurdistan.
7:00 PM EST | November 05, 2007
Iraqi Govt Body Rejects Some Oil Law Clauses
The highest Iraqi government jurisdiction body has rejected some clauses of the controversial draft oil and gas law and urged the Cabinet to amend these provisions, according to a recent letter sent by the body, the State Shuraa Council.
8:00 PM EST | June 27, 2007
Dana, Kurdistan Strike Deal to Fast-track Gas Development
Dana Gas, the Middle East's first regional private-sector natural gas company, has concluded important agreements, including a Strategic Alliance Protocol, with the Kurdistan Regional Government of Iraq.
8:00 PM EST | April 15, 2007
DNO Ups Working Interest in Kurdistan PSA
DNO ASA said that it has reached an agreement with the Kurdistan Regional Government (KRG) in Northern Iraq that will give the company responsibility for 100% of the funding obligations of the production sharing agreements (PSAs).
7:00 PM EST | December 27, 2006
Calibre Issues Update on Iraqi Kurdistan Well
Calibre Energy, Inc., an American-based independent natural gas and oil exploration and development company, said that the Bina-Bawi-1 exploration well was at a depth of 2,112 meters (6,929 feet) and has completed running 9 5/8" casing.
7:00 PM EST | December 07, 2006