Kurdistan News Archives - Panorama Insurance Brokers

Armenia opens Consulate General in Erbil

By John Lee. Armenia has opened a Consulate General in Erbil. Arshak Manukyan, the Consul General of Armenia in Erbil, delivered opening remarks at the event, welcoming guests and presenting the goals and upcoming programs of the diplomatic mission. The Consul General noted that due to active contacts with the counterparts from Iraqi Kurdistan during… Read More

New ILO-EU-UNESCO Collaboration in Iraq

Iraq: Jobs, and cultural heritage the focus of new ILO-EU-UNESCO collaboration The International Labour Organization (ILO), the United Nations Education, Scientific, and Cultural Organization (UNESCO) and the European Union (EU) have launched a new collaboration that will support internally displaced persons, Syrian refugees and host community members to access immediate, short-term decent employment in the… Read More

KRG to Tax Internet and Telecom Companies

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million]… Read More

US Consul General supporting American Brands in Kurdistan

By John Lee. US Consul General Robert Waller has met with Ahmed Qadir [Ahmad Kadir Ismail Al Majidi], Chairman of HewaHolding, which owns the Fatburger and The Coffee Bean and Tea Leaf franchises in Erbil. While visiting Erbil’s Majidi Mall, they discussed the company’s future plans to expand and bring other American brands to the… Read More

Iraqi Kurdish Court Sentences Journalists to Jail

In response to [Tuesday’s] sentencing of Iraqi Kurdish freelance journalists Sherwan Amin Sherwani and Guhdar Zebari to six years each in jail, the Committee to Protect Journalists (CPJ) has issued the following statement: “Today’s sentencing of journalists Sherwan Amin Sherwani and Guhdar Zebari is not only unfair and disproportionate, but it also proves that the… Read More

Genel Energy Updates on Oil Reserves

Genel Energy has issued an update on oil reserves and resources across its portfolio. Bill Higgs (pictured), Chief Executive of Genel, said: “The quality of our reserves is the foundation of our resilient business model, providing us with low-cost production that can generate cash for many years to come. “Drilling at Sarta this year has… Read More

GKP issues Update on Shaikan Field

Gulf Keystone Petroleum (GKP) has provided a Competent Person’s Report (“CPR”) update on the Shaikan Field in which it has an 80% working interest.   The CPR, an independent third-party evaluation of the Company’s reserves and resources as at 31 December 2020, was prepared by ERC Equipoise (“ERCE”). Jon Harris, Gulf Keystone’s Chief Executive Officer,… Read More

DNO Adds New Oil Reserves

DNO ASA, the Norwegian oil and gas operator, has announced it replaced 87 percent of 2020 production through additions to its proven (1P) reserves notwithstanding reduced activity in the wake of low oil prices. In the Kurdistan region of Iraq, the Company replaced 111 percent of last year’s production through additions to 1P reserves. Yearend… Read More

DNO Buys Exxon’s Stake in Iraqi Oilfield

DNO ASA, the Norwegian oil and gas operator, has announced the acquisition of ExxonMobil‘s 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq, doubling DNO’s operated stake to 64 percent (80 percent paying interest), pending government approval. The Company plans to continue an exploration and appraisal program on the license while… Read More

Dana Gas to Increase Drilling in Iraqi Kurdistan

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2020. The Company reported a Net Profit of $36 million (AED 131mm) versus $88 million (AED 322mm) in 2019, excluding one-off non-cash impairments and other income. Including these… Read More