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No Conclusion Made for Annual Budget and Oil Income Among KRG and the Iraqi Government

Iraqi’s Kurdistan Regional Government also known as KRG and the Iraqi government has recently conducted a meeting attended by the Iraqi prime minister Nouri al-Maliki, KRG deputies and the deputy prime minister for Energy Affairs Husayn Shahristani. The meeting was intended to discuss to reach certain agreements specifically for budget allocations between the federal and local government. However, reportedly both parties failed to...

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Iraq to put oil potential on display in Dubai

Iraq to put oil potential on display in Dubai UPI.com DUBAI, United Arab Emirates, Sept. 27 (UPI) — An energy conference in Dubai will.. Read more here: Iraq to put oil potential on display in Dubai –...

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Iraq Oil Ministry: Contractual Obligations Not Met

Conflict has arisen between Iraq’s oil ministry and a foreign energy firm Shell because of an issue of some revenue losses due to production delays. On July 21, the oil ministry has sent a letter to Shell concerning complaints for shortfalls in oil extraction at the giant Majnoon field in South Iraq resulting to a major decrease of oil exports. The petroleum Contracts and Licensing Directorate (PCLD) addressed the letter to Shell’s Vice...

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