September 23, 2017 | English | عربي
Add to Twitter
September 18, 2017

Russian oil major Rosneft will invest in gas pipelines in Iraq's Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to Turkey and Europe.

Kurdistan has been exporting oil independently from the central government in Baghdad since 2014 and Kremlin-controlled Rosneft joined the list of buyers this year, lending the semi-autonomous region hundreds of millions of dollars in loans"...

Ministry Refutes Expected Sanction on Kurdistan Mobile...
September 23, 2017

Should Baghdad decide to impose sanctions on the mobile communication in the Kurdistan Region, the International Telecommunication Union (ITU) can intervene and annul the sanction, said the spokesperson of Kurdistan Regional Government (KRG)'s Ministry of Transportation and Communication.

Umed Mohammed Saleh published a statement"...


September 23, 2017

The U.S. dollar to Iraqi dinar (IQD) exchange rate was stable in the Kurdistan Region’s currency markets on Friday (September 22).

Broker Dana Mawlud told NRT that $100 was selling at 126,500 IQD, maintaining the same rate as the previous day.

Mawlud also reported that 100 British pounds remained stable at 167,000 IQD and 100 euros was at 149,000 IQD.



September 23, 2017

Gulf Keystone Petroleum said the company received $15 million from the Kurdistan Regional Government (KRG) for oil exports in May.

Gulf Keystone released a statement on Wednesday (September 20) saying the KRG had paid $15 million to the company for Shaikan crude oil export sales in May.

The Norwegian oil and gas company, DNO ASA, said last week it received $34.75 million from"...

September 23, 2017

Crude oil prices remained up on Friday (September 22) compared to the previous close.

The price of Brent oil was at $56.55 up from $56.17 and U.S. WTI crude was at $50.70 from $50.64.

OPEC decided to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply"...

September 23, 2017

The Central Bank of Iraq (CBI) has organized a course on combating money laundering, terrorism financing, compliance and risk management.

The course was held from 17th to 20th September at the Central Bank building, under the supervision of the banking studies center.

Sixty-one employees from government, private banks and money transfer companies attended the event.



September 23, 2017

Range Energy Resources has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field.

Shewashan #4:

The 4th well drilled on the Shewashan field, Shewashan #4, has been completed as a deviated producer in the Qamchuqa reservoir formation only to first extract remaining"...