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DNO ASA, the Norwegian oil and gas operator, and Genel Energy said they received US$41.26 million from the Kurdistan Regional Government as payment towards March 2017 crude oil deliveries to the export market from the Tawke field.
Russia’s Rosneft plans to expand its footprint in Iraq’s Kurdistan region after agreeing to fund a gas pipeline.
Norway's DNO has found oil during its drilling programme of the Peshkabir field in the Kurdistan region of Iraq after the firm delayed initial drilling due to the low oil prices and lack of payments.
Rosneft and the Iraq’s Kurdistan Regional Government signed agreements widening their cooperation in exploration and production of hydrocarbons, commerce and logistics.
Norway's DNO reported a return to profits with its latest quarterly results and announced an expansion of its drilling programme at the Tawke field in the Kurdistan region of Iraq.
UAE’s energy firm Taqa said it started oil production at its Atrush Block in the Kurdistan region of Iraq.
Siemens said it was awarded a multi-year operating licence for two new power plant units at the Khormala plant in the Kurdistan region, expanding its existing service deal with KAR Group.
UK’s oil producer Genel Energy said it reached a final agreement with Iraq’s Kurdistan Regional Government (KRG) to settle unpaid revenues.
Rosneft said it has agreed with Kurdistan Regional Government to take a majority stake in oil pipelines in the autonomous region despite heightened tension and conflict after a referendum for independence last month.
Petrofac has signed a three-year master services agreement (MSA) to support Gazprom Neft with the provision of engineering services for the Garmian field in the Kurdistan region of Iraq.