Financials and Investment News in Iraq

Receipt of Payment for KRI Oil Exports from Taq Taq Field
3/22/2016 - Genel Energy plc (‘Genel’) is pleased to announce that the Taq Taq field partners have received a gross payment of $12.6 million from the Kurdistan Regional Government (‘KRG’) for oil sales during Feb...
Iraq Seeks Financial Agreement with Kurds before Pumping Crude to Turkey
3/22/2016 - Iraq will not resume pumping crude through a Kurdish pipeline to Turkey unless it reaches a financial agreement with the Kurdish regional government, the Iraqi oil minister said. ...
Glencore Taps into Iraqi Kurdistan with $300 million Oil Deal
3/12/2016 - Glencore has paid Iraqi Kurdistan $300 million as an advance for oil as it seeks to compete with trading houses Vitol and Petraco for profitable business despite disruptions and political instability,...
Iraq's Kurdistan Gets $200 million from Turkey after Oil Pipeline Halt
3/11/2016 - Iraq's Kurdistan has received $200 million from Turkey to help Kurdish finances, which have been hit by a recent oil pipeline export stoppage, two industry sources told Reuters. ...
GKP Confirms Shaikan Payment
3/8/2016 - Gulf Keystone Petroleum confirms that the gross payment of US$15 million was received from the Kurdistan Regional Government on 4 March. ...
Iraq to Pay $2bn in Arrears to Foreign Companies
3/5/2016 - Iraq will pay foreign oil companies about $2 billion in remaining arrears for 2015 this April and expects to reach an agreement over contracts by half-way through the year, the deputy oil minister sai...
Iraqi Kurdistan Authorises $12m Gulf Keystone Payment
2/19/2016 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announces that the Kurdistan Regional Government has authorised a gross payment of US$15 million (...
Receipt of Payment for KRI Oil Exports from Tawke Field
2/8/2016 - Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a gross payment of $17.99 million towards the monthly entitlement for ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
2/5/2016 - Genel Energy plc announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government (‘KRG’) for oil exported through the Kurdistan Region o...
KRG to Pay Oil Companies According to 2016 Contracts
2/1/2016 - Iraq's Kurdistan region said on Monday it would pay international oil companies according to their contractual entitlements in 2016 in a bid to restore confidence and raise production. ...
Genel Receives Payment for KRI Oil Exports from Taq Taq Field
1/5/2016 - Genel Energy plc (Genel) is pleased to announce that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government (KRG) for oil exported through the K...
Genel Receives Payment from Taq Taq Field
12/14/2015 - Genel Energy has announced that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Tur...
DNO Confirms Kurdistan Payment
12/3/2015 - DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million to be shared pro-rata with its partner Genel Energy plc as a partial payment towards oil exported from the Tawke ...
Gulf Keystone Provides Shaikan Payment Update
12/2/2015 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to confirm that, further to the recent statement by the Kurdistan Regional Government (...
Gulf Keystone Receives another Payment for Shaikan
10/15/2015 - Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is pleased to confirm that a gross payment of US$15 million (US$12 million net to Gulf Keystone) for Shaik...
ShaMaran Petroleum Provides Update on Atrush Block
9/21/2015 - ShaMaran Petroleum Corp. announces that its wholly owned subsidiary, General Exploration Partners, Inc. (GEP), has received a Default Notice from the Operator of the Atrush Block, TAQA Atrush B.V. ("T...
IMF Reaches Agreement on $833m Loan to Iraq
6/5/2015 - An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financi...
Kuwait Energy Keen to Invest More in Iraq
Kuwait Energy Keen to Invest More in Iraq 8/26/2014 - The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Executive Sara Akbar said. ...
KOGAS to Invest $4.9 Bln in Zubair Oil Project
8/18/2014 - Korea Gas Corp will invest 4.99 trillion Korean won ($4.9 billion) in Iraq's Zubair oil project, the state-run South Korean gas company said in a filing to the stock exchange. ...
KRG Reject Dana Gas Statement on Payment Rights
7/16/2014 - - Iraq's autonomous Kurdish region rejected a statement by UAE's Dana Gas that a London tribunal had awarded the company the right to receive some outstanding payments from the Kurdish government. ...

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