Kurdistan Regional Government Company News

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KRG Doing All It Can To Ensure IOC Payments Says Deputy Prime Minister
Monday, December 05, 2016The 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.

Gulf Keystone Confirms KRG Payment
Tuesday, March 08, 2016Gulf Keystone Petroleum confirms receipt of a gross payment of $15 million from the Kurdistan Regional Government on March 4.

DNO Receives Partial Payment from KRG for Oil Exports
Thursday, December 03, 2015DNO ASA confirms receipt of $30 million by the Kurdistan Regional Government as a partial payment towards oil exported from the Tawke field.

Genel Energy to Buy OMV Stake in Bina Bawi Field
Tuesday, September 15, 2015Genel Energy signs an agreement with OMV to buy its 36% operated stake in the Bina Bawi field, located in the Kurdistan Region of Iraq.

MOL Scales Back Investment in Kurdistan Region of Iraq
Tuesday, September 08, 2015MOL 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.

Genel Energy Receives $16.5M from KRG
Tuesday, September 08, 2015Genel Energy receives $16.5 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline.

KRG Allocates $75-$100M as Payment for IOCs
Thursday, August 27, 2015The 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.

Kurds Say Have Not Agreed to Export Oil Via Iraq's SOMO
Thursday, February 20, 2014Kurdistan 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.

Iraqi Kurdistan's First Oil Exports via Turkey Pipeline Seen by End-Jan
Thursday, January 09, 2014The 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.

Turkey to Seek Baghdad's Consent for Iraqi Kurdish Oil
Monday, December 02, 2013Oil 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.

Kurdistan Regional Govt Places PSCs into Public Domain
Tuesday, September 20, 2011As 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.

Iraq's KRG in Nabucco Supply Talks
Wednesday, February 03, 2010Iraq's Kurdistan Regional Government is in talks with three companies to supply natural gas to the Nabucco pipeline.

DNO Reports on Production Results in Yemen, Kurdistan Region
Monday, October 19, 2009DNO 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.

DNO to Restart Operations in Kurdistan Region
Tuesday, October 06, 2009DNO 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.

Addax Receives Letter from Kurdistan Regional Government
Wednesday, July 22, 2009Addax 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.

Gulf Keystone Inks Deal for 2 Key Kurdistan Blocks
Monday, July 20, 2009Gulf Keystone will hunt for hydrocarbons in two key blocks of Iraq's Kurdistan Region, alongside its new strategic investment partner, ETAMIC.

Iraqi Oil Minister Says Energy Strategy Is on Track
Tuesday, June 23, 2009Oil 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.

KRG Celebrates Historic Achievement with First Crude Oil Export
Tuesday, June 02, 2009The 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.

Addax Petroleum, Genel Kick Off Exports from Taq Taq License
Monday, June 01, 2009Addax and its partner, Genel Energy, commenced the international export of oil from the Taq Taq license area in the Kurdistan Region of Iraq.

KRG Minister Welcomes Investments in Future Gas Exports from Region
Monday, May 18, 2009The 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.

Baghdad Won't Pay Cos for Kurdish Oil Exports
Friday, May 15, 2009International 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.

Addax Receives Permission from Kurdistan Govt to Export Oil from Taq Taq
Monday, May 11, 2009Addax has received formal notification from the Kurdistan Regional Government of its decision to commence the export of crude oil from the Taq Taq Field.

KRG to Start Up Crude Oil Exports from Tawke in June
Friday, May 08, 2009The 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.

Heritage Notes KRG's Third Party Nominee in Miran License
Thursday, April 09, 2009Heritage has acknowledged the Kurdistan Regional Government's nomination of Genel Energy as the Third Party Participant in the Miran License.

Kurdistan Regional Govt Assigns Interest in Tawke PSC to Genel Enerji
Tuesday, April 07, 2009The 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.

KRG PM, Iraqi Oil Minister Shake Hands to Further Develop Iraq Oilfields
Wednesday, November 26, 2008Prime 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.

Addax Grabs Interest in Sangaw North License Area in Kurdistan Region
Thursday, October 09, 2008Addax 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.

KRG, KNOC Ink Exploration, Drilling Agreements for Kurdistan Region
Monday, September 29, 2008The 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.

DNO Ups Interest to 55% in Kurdistan Region's Tawke Area
Friday, September 12, 2008DNO 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%.

Oil Search Signs Kurdistan PSC
Monday, May 12, 2008Oil 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.

KRG PM Optimistic on Oil Talks, Iraq Stands Firm
Tuesday, April 22, 2008Kurdistan 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.

Iraqi Kurds Brush Off Baghdad Gov't Nullifying Oil Deals
Monday, November 26, 2007The 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.

Kurdistan Signs Five More Petroleum Contracts
Monday, November 12, 2007The Kurdistan Regional Government has signed five more production sharing contracts. These deals come after a string of recent PSCs announced last week.

Sterling Energy Signs PSC for Kurdistan Block
Monday, November 12, 2007Sterling has entered into a PSC with the KRG for the Sangaw North exploration block.

Reliance Industries Awarded Two Blocks by Kurdistan Regional Government
Monday, November 12, 2007Reliance Industries has executed two PSCs with the KRG covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.

Gulf Keystone Signs PSC with KRG for Stake in Shaikan Block
Wednesday, November 07, 2007Gulf 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.

OMV Strengthens E&P Core Region Middle East
Wednesday, November 07, 2007OMV 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.

KRG Signs 7 New PSCs
Tuesday, November 06, 2007KRG Minister of Natural Resources, on behalf of the Regional Oil and Gas Council, signed seven production sharing contracts in Kurdistan.

Iraqi Govt Body Rejects Some Oil Law Clauses
Thursday, June 28, 2007The 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.

Dana, Kurdistan Strike Deal to Fast-track Gas Development
Monday, April 16, 2007Dana 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.

DNO Ups Working Interest in Kurdistan PSA
Thursday, December 28, 2006DNO 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).

Calibre Issues Update on Iraqi Kurdistan Well
Friday, December 08, 2006Calibre 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.