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Tag Archives: oil

2014 ‘A Turning Point For Kurdish Oil and Gas’

Tony Hayward, left, with Genel Energy’s  former chairman, Rodney Chase, at a site in the Taq Taq oil field.

Kurds have created a real chance to make income for themselves by selling their own oil in Iraq and they will probably make more money by selling their own gas, Tony Hayward, the head of Genel Energy, one of the largest companies operating in northern Iraq’s Kurdistan Regional Government (KRG). …

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Erbil Receives First Cash Instalment From Baghdad

The Iraqi oil minister pledged to resolve oil-related problems with the KRG at the beginning of this month.

The Kurdistan Regional Government (KRG) has received the first instalment of some $280 million from the Iraqi government as part of a deal recently agreed between the two. “We have already received around $280 million and expect another $200 million within days,” said Fazil Nabi, a Kurd and top advisor …

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Turkey and Kurdistan Region Reiterate on Improving Relations

Davotoglu's visit to Kurdistan Region was the first since he assumed office as the Turkish premier.

  On his first visit to the Kurdistan Region since assuming office, Turkish Prime Minister Ahmet Davutoglu said his country would back Kurdish security “with any means.”“The security of Iraq is important for Turkey as well as that of the Kurdistan Region,” because of the “shared border” and economic interests, …

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