KRG and Korea National Oil Corporation sign new petroleum contracts
WED, 25 JUN 2008 09:56 Erbil, Kurdistan – Iraq (KRG.org) – Dr Ashti Hawrami, the Kurdistan Regional Government (KRG) Minister for Natural Resources, today announced that the KRG has awarded two production sharing contracts (PSCs) and approved the assignment of Third Party Interests in a number of existing contracts to Korea National Oil Corporation (KNOC), the oil and gas company owned by the Government of the Republic of Korea.
The announcement comes a day after the KRG announced two other petroleum contracts, with Talisman Energy Inc.
KRG Natural Resources Ministry: Oil, gas, mining sector appointments
TUE, 25 MAR 2008 17:16 KRG Ministry of Natural Resources seeks qualified staff and advisers
The Ministry of Natural Resources (MNR) of the Kurdistan Region in Iraq ("Kurdistan") seeks several qualified professionals to staff and advise the ministry on Kurdistan's emerging oil and gas and mining sectors.
Dr Hawrami: Just and fair oil management ensures Iraq's unity
THU, 7 FEB 2008 17:31 London, UK (KRG.org) – Dr Ashti Hawrami, the Kurdistan Regional Government (KRG) Minister for Natural Resources, on Tuesday said that the oil and gas sector must be managed fairly to ensure the unity of Iraq. Dr Hawrami said, “The KRG is leading the way in Iraq’s recovery by exercising our constitutional rights in the oil and gas sector. Our approach and polices will become a model for all of Iraq.”
KRG signs five more petroleum contracts
MON, 12 NOV 2007 13:47 KRG signs petroleum contracts with affiliates and subsidiaries of TNK-BP, Korea National Oil Corp, Hillwood, Sterling Energy, Aspect Energy
Following the unanimous decisions of the Regional Oil and Gas Council (“the Council”) of the Kurdistan Regional Government (KRG) at its second and third meetings, Dr Ashti Hawrami, the KRG Minister for Natural Resources, today announced that the five production sharing contracts (PSCs) previously approved by the Council have been signed by the KRG with TNK-BP affiliate Norbest Limited, with a Korean consortium headed by Korean state-owned oil company KNOC, with Hillwood International Energy company HKN Energy, and with subsidiaries of UK-listed Sterling Energy LLC and Denver-based Aspect Energy LLC.
Ministry of Natural Resources announces seven new petroleum contracts for Kurdistan Region, reviews five existing contracts
TUE, 6 NOV 2007 19:00 Following the unanimous decision of the Regional Oil and Gas Council ("the Council") of the Kurdistan Regional Government (KRG) at its third meeting on Sunday 4 November, the KRG Minister of Natural Resources Dr. Ashti Hawrami today announced that seven new production sharing contracts (PSCs) have been signed by the KRG.
KRG Natural Resources Ministry announces new Kurdistan Region petroleum contracts
TUE, 2 OCT 2007 14:02 Kurdistan spearheads Iraq oil investment
The Spokesman
Kurdistan Regional Government
2 October 2007
Erbil, Kurdistan Region, Iraq
The Kurdistan Regional Government (KRG) Ministry for Natural Resources today announced that the KRG Regional Oil and Gas Council has approved four new production sharing contracts (PSCs) and sanctioned two new refinery projects in the Kurdistan Region in Iraq. The announcement came a day after the Council unanimously decided to award the contracts at its second formal meeting.
KRG signs oil and gas contract with US-based Hunt Oil
SAT, 8 SEP 2007 19:08 Erbil, Kurdistan - Iraq (KRG.org) - The Kurdistan Regional Government (KRG) together with Hunt Oil Company of the Kurdistan Region, a subsidiary of Hunt Oil Company of Dallas, Texas, and Impulse Energy Corporation (IEC) announced today that they have signed a Production Sharing Contract (PSC) covering petroleum exploration activities in the Duhok area of the Kurdistan Region. Under the terms of the agreement, Hunt Oil Company of the Kurdistan Region will serve as operator. This is the first PSC to be signed by the KRG since the Oil and Gas Law of the Kurdistan Region was issued by the Kurdistan National Assembly (parliament) in early August, 2007.
KRG publishes approved Kurdistan Region Oil and Gas Law in Arabic and English, updated model contract
THU, 6 SEP 2007 15:57 The Kurdistan Regional Government (KRG) is pleased to publish the Kurdistan Region Oil and Gas Law in Arabic and English, which has now been approved by the Kurdistan National Assembly (parliament). The parliament approved the Law on 6 August, and the Law entered into force upon the assent of President Masoud Barzani on 9 August. The KRG is also pleased to publish an updated Kurdistan Region Model Production Sharing Contract (PSC), amended to take the new Law into account.
Statement by PM Barzani: Kurdistan Region Oil and Gas Law
MON, 6 AUG 2007 17:42 Today’s action by the Kurdistan National Assembly in passing the Kurdistan Region Oil Law is a historic moment that will be remembered for years to come. I thank the Members of the Assembly, the Ministry of Justice, and in particular the Minister of Natural Resources, Dr. Ashti Hawrami for their hard work and dedication.
Kurdistan Oil and Gas Law approved by Kurdistan Parliament
MON, 6 AUG 2007 17:36 Prime Minister Nechirvan Barzani hailed the Kurdistan National Assembly’s passage of the Kurdistan Oil and Gas Law as a “historic moment” that, “together with the Iraq Constitution, will be the foundation of our economic development,” and will allow the Kurdistan Regional Government to “chose the best, most experienced, the most committed investors” for the Region.
Ashti Hawrami: Kurdistan Region Oil and Gas Law
MON, 6 AUG 2007 17:30 Today is a proud day for the people of the Kurdistan Region. This is a historic moment. In years to come, we will look back and see the passage of this law as a turning point in the fortunes of our Region.
KRG publishes final Kurdistan Region draft oil law, model contract, exploration blocks
FRI, 29 JUN 2007 10:55 The Kurdistan Regional Government (KRG) is pleased to publish the final draft of the Kurdistan Region Petroleum Law in ARABIC and ENGLISH, which has now been approved by the Legal Committee of the Council of Ministers. In its next meeting the Council of Ministers will review the law and is expected to put it to the Kurdistan National Assembly (parliament) for approval.
Sharing petroleum resources only path to Iraqi unity and stability
MON, 26 MAR 2007 16:50 London, UK (KRG.org) – At a seminar in London on Thursday, experts on Iraq and the oil industry discussed Iraq’s draft federal oil and revenue sharing laws. One of the speakers, Dr Ashti Hawrami, the Kurdistan Regional Government’s (KRG) natural resources minister, said, “sharing Iraq’s oil and gas revenues fairly and transparently is the only path to a united and stable Iraq”.
KRG publishes draft Federal Oil and Gas Law of Iraq in English and Arabic
FRI, 9 MAR 2007 19:00 9 March 2007 - The Kurdistan Regional Government (KRG) Spokesman today published an authorised English translation of the draft Federal Oil and Gas Law for Iraq.
Kurdistan Regional Government supports draft Federal Oil Law
MON, 26 FEB 2007 12:04 On 24th February Mr Masoud Barzani, President of the Kurdistan Region, announced that an agreement had been reached with Iraq’s Prime Minister Dr Nuri al-Maliki on the latest draft of the Federal Oil Law. Since this announcement, the Kurdistan Regional Government (KRG) has received many enquiries about this final agreement.