Kurdistan News Archives - Panorama Insurance Brokers

30% Gas Production Increase at Khor Mor Field

Dana Gas and Crescent Petroleum Announce 30% Gas Production Increase in Kurdistan Region Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq, which the companies jointly operate… Read More

ShaMaran acquires Larger Stake in Atrush

ShaMaran Petroleum Corporation refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agreement (the “SPA”) with Marathon Oil KDV B.V. (“MOKDV”) ,a wholly owned subsidiary of Marathon Oil Corporation (“Marathon”), to acquire from MOKDV a further 15% working… Read More

Kirkuk oil deal could strengthen Kurdish hand in Iraq budget talks: MP

ERBIL, Kurdistan Region – Iraq’s resumption of Kirkuk oil exports via a pipeline partly managed by the Kurdistan Regional Government (KRG) could strengthen Erbil’s hand in negotiations with Baghdad to take a bigger share of the federal budget, according to a Kurdish MP in the Iraqi parliament. The exportation of Kirkuk oil through the Kurdistan… Read More

KRG delegation to visit Baghdad to discuss familiar disputes

ERBIL (Kurdistan 24) – A delegation from the Kurdistan Regional Government (KRG) will soon visit Baghdad to discuss its major disputes with members of the newly formed federal government of Iraq, a KRG source said on Wednesday. The group of envoys will represent the KRG as a whole, rather than encompassing only one party, a… Read More

New Kurdistan gov’t should distribute powers, continue reforms: deputy PM Talabani

ERBIL, Kurdistan Region — The next Kurdistan Regional Government’s priority should be to decentralize authority to provincial councils, according to deputy Prime Minister Qubad Talabani, who argued the post-2014 crises forced Erbil to make reforms. “The decentralization of power has to be the priority of the next government and there should be a strong monitoring… Read More

Kurdish farmers should soon be able to access Iraqi loans

ERBIL, Kurdistan Region – Kurdish farmers will soon be able to access Iraqi loans if plans to open federal bank branches go ahead.  Baghdad has plans to open branches of its agriculture, industry, and trade banks in the Kurdistan Region, according to an official from the Iraqi Central Bank. Through these branches, Kurdish farmers should… Read More

Kurdistan plans to disband several cabinet ministries

ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) is seeking to decrease the number of ministries to almost half its present number in an attempt to reduce expenses and improve services. Currently, the Kurdistan Region has 19 ministries with several departments and commissions. Minister of Education Pshtiwan Sadiq believes that the case should be… Read More

Dear Baghdad – here’s a lesson in federalism

This week Iraqi Kurdistan held a parliamentary election. The emerging result is similar to what Kurdish parties gathered in the Iraqi national election last spring, with the Kurdistan Democratic Party (KDP) winning the most votes, the Patriotic Union of Kurdistan (PUK) coming in a distant second – due to party infighting – and splinter parties… Read More

Iraq: A Ticking Time Bomb For Oil Markets

Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this weekend. At the same time that a new Iraqi government is forming, a government that is increasing Iranian influence within Iraq, another election is threatening… Read More