Financials and Investment News in Iraq

Iraq Oil Minister Receives Ambassador of Turkey
6/26/2022 - Ihsan Abdul-Jabbar Ismail, the oil minister, welcomed Ali Riza Güney, the Turkish ambassador to Baghdad. They talked on how to work together bilaterally to further shared interests, particularly in th...
Gulf Keystone Provides Shaikan Payments Update
6/22/2022 - The Kurdistan Regional Government ("KRG") has paid Gulf Keystone a gross payment of $62.0 million ($48.5 million net to GKP) for the sale of Shaikan crude oil in March 2022.
Iraq Minister of oil Affirms OPEC Role in Oil Market Stability Barikindo Commends Iraq in OPEC Deal
6/19/2022 - The OPEC Secretary General, Mohammed Barikindo, and the excellencies of the Iraqi ministers of culture, youth and sport, and water resources were present at the ceremony to unveil the OzPEC history bo...
Genel Energy Receives Payments for KRI Oil Sales
6/6/2022 - All payments from the Kurdistan Regional Government ('KRG') for oil shipments in February 2022 have already been received, according to Genel Energy plc. Genel is currently owed $82 million by the KRG...
Genel Energy Receives Payments for KRI Oil Sales
4/11/2022 - Genel Energy plc announces that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during December 2021.

Following the receipt of th...
Genel Energy Announces Full Year Results 2021
3/15/2022 - Genel Energy has annouced its audited results for the year ended 31 December 2021.

Bill Higgs, Chief Executive of Genel, said:

'Our strategy and business model remain focused on ...
Genel Energy Receives Payments for KRI Oil Sales
3/11/2022 - Genel Energy plc ('Genel' or 'the Company') announces that all payments have now been received from the Kurdistan Regional Government ('KRG') relating to oil sales during November 2021.

Fo...
Gulf Keystone Provides Shaikan Payment Update
3/4/2022 - Gulf Keystone confirms that a gross payment of $47.0 million ($36.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $38.4 millio...
Gulf Keystone Announces Dividend Payment
2/9/2022 - On announcing Gulf Keystone's Operational & Corporate Update on 24 January 2022, the Company declared an interim dividend of $50 million.

The payment is equivalent to 23.394 US cents per Co...
Gulf Keystone Provides Shaikan Payment Update
1/4/2022 - Gulf Keystone confirms that it has received aggregate gross payments for the combined September 2021 and October 2021 crude oil sales and arrears payments of $89.0 million ($69.7 million net to GKP) f...
Genel Energy Receives Payments for KRI Oil Sales
12/14/2021 - Genel Energy plc ('Genel' or ‘the Company’) announces that payments have been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during September 2021.

Followin...
Gulf Keystone Provides Shaikan Payment Update
11/16/2021 - Gulf Keystone confirms that a gross payment of $35.4 million ( $27.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $30.0 milli...
Dana Gas’s KRI and Egypt Collections almost Doubled in 9M 2021
10/6/2021 - - Collections reach $256 million in first nine months of 2021
- Collections up 102% year-on-year

Dana Gas PJSC, the Middle East's largest regional private sector natural gas company a...
Gulf Keystone Provides Shaikan Payment Update
10/5/2021 - Gulf Keystone confirms that a gross payment of $38.5 million ( $30.1 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $32.1 milli...
Gulf Keystone Announces Dividend Payment
9/24/2021 - On announcing Gulf Keystone's 2021 Half Year Results on 2 September 2021, the Company declared an interim dividend for 2021 of $50 million. The payment is equivalent to 23.394 US cents per Common Shar...
DNO Reports KRG Payments
9/8/2021 - DNO ASA, the Norwegian oil and gas operator, has reported receipt of USD 63.2 million net to the Company from the Kurdistan Regional Government (KRG), of which USD 46.2 million represents DNO’s entitl...
Pearl Petroleum Receives $250M for Expansion Project in Kurdistan
9/8/2021 - Pearl Petroleum Company Limited, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corpora...
Genel Energy Receives Payments for KRI Oil Sales
9/6/2021 - Genel Energy plc has announced that payments have been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during June 2021.

Following the receipt of the receiva...
Basrah Gas Company Signs Loan Agreement with International Finance Corporation
6/29/2021 - Basrah Gas Company (BGC) and International Finance Corporation (IFC) announced the signing of US$360 million, five-year loan agreement, that aligns with the Government of Iraq’s vision to maximise uti...
Genel Energy Receives Payments for KRI Oil Sales
6/29/2021 - Genel Energy plc has announced that payments have been received from the Kurdistan Regional Government ('KRG') relating to oil sales during April 2021.

Genel has also received both outstand...

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