KRG


Recycling: Kurdistan Exports Plastic and Cardboard Waste

By John Lee.

According to a report from Rudaw, the Kurdistan Region sells thousands of tons of plastic and cardboard waste to Turkish companies who recycle it and sell the products back to Kurdistan.

Over the past two years, the KRG had issued 42 licenses to export 431,000 tons of waste plastic and cardboard.

Read the full report from Rudaw here.

(Source: Rudaw)

We are Committed to Reforms – KRG’s Barzani

Prime Minister Nechirvan Barzani has said the Kurdistan Regional Government is “firmly insistent to implement administrative reforms”.

These remarks were part of a speech he made at the ceremony of presention of the ISO certificate to the KRG Ministry of Interior.

He said the aim the KRG wants to attain is “to eliminate bureaucracy, red tape and conduct government’s jobs in a timely and simple manner; also following up citizens’ matters in a more efficient way with better quality.

Below is the transcript of Prime Minister Barzani’s speech:

Ladies and Gentlemen,

I would like to welcome you to this event of presenting the ISO certificate to the Ministry of Interior of the Kurdistan Regional Government. This certificate is awarded to governmental and non-governmental organizations that adopt Quality Management System for their operation in which the citizens will be the first beneficiaries as their paperwork would be dealt with and followed up much quicker.

The KRG is pleased that the Ministry of Interior obtained such certificate. This shows that despite all the crisis and the hardship, the KRG has kept its strong will and stayed determined and continued carrying out its reform program. The KRG is very firmly insistent to implement administrative and management reforms; thus, provisioning more quality services to the citizens in a more efficient way.

I applaud the Ministry of Interior for successfully implementing this system in the Directorate of Traffic in Duhok as they already obtained the ISO certificate and now they repeated the same process in the Diwan of the Ministry of Interior and soon we anticipate the same system to be implemented in both Directorates of Traffic in Erbil and Suleimaniya.

This achievement by the Ministry of Interior, which is a first and exemplary step, could be used as model and encouragement for other governmental and non-govermental institutions to follow.

The KRG is making every endeavor to establish a modern IT infrastructure through utilizing the state-of-the-art technologies for better provisioning services to its citizens.

Our aim is to eliminate bureaucracy, red tape and conduct government’s jobs in a timely and simple manner; also following up citizens’ matters in a more efficient way with better quality. We want such high-quality services to be provisioned at every ministry, departments or organizations, be it on the border, in the towns or in the cities. We strive and continue until we fully achieve that.

We are seriously committed to implement reforms in all sectors and especially in administration system. This project which adopted first by Toursim Board in 2014, followed by the Directorate of Traffic in Duhok in 2015. The fact that the Kurdistan Region was in the middle of a full-scale war with Da’esh and facing a severe financial crisis. This showed the commitment of the KRG in establishing a modern system for provisioning deservedly high quality and most efficient services to its citizens.

Citizens come first! Yes, they come first. Our citizens’ satisfaction is important for us. When a citizens visit a government department, their work should be dealt with in a seamless way with utmost respect. They should feel like they are in a modern and forward-looking department. They should be welcomed and received in a highly respectful and ethical way. Government employees should make sure that the citizens leave happy and satisfied with the services provided for them.

We truly empathize with what the citizens go through when they apply for their paperwork to be processed through such complex system. We understand that citizens need to go through much for getting necessary approvals for their paperwork. We know that there are onerous routines that are totally unnecessary. We know that the citizens have to carry many documents and proofs and visit numerous rooms and places to get their job done and it could take them days or even weeks. This style of dealing with citizens’ paperwork needs to stop once and for all.

Ladies and Gentlemen,

We know that all the bureaucracy and red-tape routines in the government services are not only attributed to the administration system, or to the way how employees treat citizens but sometimes laws and regulations could cause the routine and red-tape to occur! This also should be looked into. The KRG is looking to review the laws, bylaws and the responsibilities of the governmental organizations and departments. We collaborate with the Kurdistan Parliament to review the outdated laws and regulations so that technological and electronic innovations are incorporated in the laws to better serve citizens.

Technology’s role is to serve the humanity and make it easy to get the jobs done. It can play a pivotal role in the world of administration for getting the jobs done in a quality and more efficient way. The KRG continues working on its e-government project; its goal is to provide an online administration system just like the ones used by the developed countries, where much of the services can be accessed on a mere laptop from home, hence the need of all paperwork and documentation will be redundant.

The e-government must have a robust technological infrastructure so that it would be able to earn the ‘ISO’ certificate from the International Organization for Standardization and gain satisfaction from citizens when their paperwork are dealt with in no delay just like the way it’s done in the Directorate of Traffic in Duhok where, in few minutes, the citizen can renew their relevant documents.

The KRG will strive to make all its departments and offices ready to adopt the Quality Management System and obtain the ‘ISO’ certificate. This work is part of the multifaceted reform program endorsed by the KRG in all sectors. Just like in the energy sector where the Deloitte Company has been contracted to carry out audits. And, working with the World Bank in carrying out reforms in the banking sector. Similarly, we have been carrying out reforms in all sectors.

I applaud the Minister and his staff for their efforts and I wish them all the success in their endeavor.

Thank you again

(Source: KRG)

Genel Energy Confirms KRG Payment

Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government (‘KRG’) as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $11.81 million.

The Taq Taq partners have received a gross payment of $6.80 million from the KRG for oil sales during February 2018. Genel’s net share of the payment is $3.74 million.

The Company has also received an override payment of $6.85 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of February 2018, as per the terms of the Receivable Settlement Agreement.

Gross production from the Tawke licence stood at 111,618 bopd during February, of which only 102,999 bopd was exported due to a planned pipeline outage; the balance was placed into interim storage at Fishkhabur and exported the following month.

In total, Genel’s net share of payments relating to February 2018 exports totals $22.40 million.

(Source: Genel Energy)

Rosneft, KRG sign Gas Development Agreement

As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Kurdistan Regional Government of Iraq signed an agreement securing the intention of the Parties to make a detailed analysis of potential gas cooperation options.

The Parties ensure stepwise implementation of the arrangements following the Investment Agreement signed at the XXI St. Petersburg International Economic Forum.

Rosneft will focus its analysis on how to participate in the integrated gas business value chain in the region in order to extract maximum efficiency from investments and operations in such areas as exploration and production, transportation and trading with especial attention given to partnership and project (third party) financing options.

Under the Agreement the Parties will elaborate an integral plan to progress the gas business within the Kurdish Region of Iraq. One step in this plan is the conduct of a pre-FEED of Iraqi Kurdistan’s gas pipeline construction and operation.

This is a key project to the monetization of the exploration and production opportunities Rosneft has been evaluating since signing a Gas Cooperation Agreement with the Kurdistan Regional Government of Iraq at the 10th Eurasian Economic Forum in Verona on 19 October 2017.

Following the outcomes of the integral development plan in terms of the attractiveness and efficiency of the options, Rosneft will decide on how to participate in the regional gas business.

(Source: Rosneft)

KRG PM Barzani receives Minister of Industry and Minerals

KRG Prime Minister Nechirvan Barzani received Iraq’s Minister of Industry and Minerals, Mr. Mohammed Shiaa Al-Sudani and his accompanying delegation.

Minister Al Sudani expressed his satisfaction with his visit to the Kurdistan Region and participation at the conference, held in Erbil, on the development of economic relations between the Kurdistan Region and the Islamic Republic of Iran.

He highly valued the steps taken towards normalization of the relations between the Kurdistan Region and the Iraqi federal government, which led to the settlement of some of the differences between the two sides. He deemed the continuation of the talks essential to resolve all outstanding problems.

Prime Minister Barzani thanked Mr. Al-Sudani for his visit and participation at the conference, which he considered being in the interest of both Kurdistan Region’s and Iraq’s economy.

He expressed his appreciation to all the figures and parties, who helped to normalize the relations between the Kurdistan Region and Baghdad. He expressed hope for the continuation of the talks to solve all outstanding issues.

He also hoped that the two regional and federal governments’ institutions will further develop relations and cooperation.

(Source: KRG)

DNO Expands and Accelerates Kurdistan Operations

DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure.

First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with cash balances of USD 518 million plus USD 76 million in treasury shares and marketable securities.

The Company added a third license in Kurdistan following government and partner approvals of the previously announced transaction with ExxonMobil. Effective 10 April 2018, DNO assumed operatorship of the Baeshiqa license with a 40 percent (32 percent participating) interest alongside ExxonMobil, Turkish Energy Company and the Kurdistan Regional Government.

At the Tawke license, the Company fast tracked development of the Peshkabir field with three new wells. The recently completed Peshkabir-4 well will shortly undergo production testing and the Peshkabir-5 well is drilling ahead at 2,250 meters. The Peshkabir-6 well was spudded as a development well last week and will also explore the field’s deeper Triassic formation.

We have the wind on our back,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani, “with higher oil prices, timely export payments in Kurdistan, a growing portfolio of quality assets, efficient drilling and bold strategy execution.

On the DNO-operated Tawke license containing the Peshkabir and Tawke fields, 15,000 barrels of oil per day (bopd) of production from two Peshkabir wells are comingled with 90,000 bopd from the flagship Tawke field for export through Turkey.

A new Tawke Cretaceous well was brought onstream earlier this month at more than 5,000 bopd. The Company will drill additional Tawke development wells in 2018 following mobilization of a fourth rig.

Elsewhere, the Company acquired 28.71 percent of North Sea-focused Faroe Petroleum plc at a price of GBP 1.25 per share through four separate transactions in April, complementing DNO’s existing portfolio of 19 exploration licenses offshore Norway and the United Kingdom.

DNO’s current cash balance stands at USD 356 million plus USD 280 million in treasury shares and marketable securities. The Company’s outstanding bond debt remains at USD 400 million and the equity ratio at 61 percent.

(Source: DNO)

US Mission to build New Compound in Erbil

KRG Prime Minister Barzani’s statement on the construction of US mission in Erbil:

Mr. Ambassador of the United States to Iraq,
Mr. Consul General
Ladies and Gentlemen,

Good morning. I am pleased to be here, with you, today and take part in the announcement of building a new compound for the U.S. Consulate General in the Kurdistan Region. I applaud such a decision and see it as an important step.  I hope that the construction will be completed as planned and on schedule.

The U.S Consulate General in Erbil is considered to be the first consulate to build its own compound in Erbil. This shows the United States’ trust in the promising future of the Kurdistan Region and it is a sign of the United States’ will for strengthening its relations with the Kurdistan Region on the basis of the diplomatic relations that it has with federal Iraq.

Ladies and Gentlemen,

The relations between the United States and the Kurdistan Region are not new, but they have been formed and strengthened over the years. After the uprising of the people of Kurdistan in 1991, the U.S. and other members of the international community had a major role in introducing a safe haven, which resulted in the protection of the people of the Kurdistan Region.

During the overthrow of Baath regime and later in the fight against ISIS and their defeat, the U.S. continued to improve its relationships with the Kurdistan Region by supporting the stability of the region. Today, as we secured stability, the U.S. is starting to build a new home for its Consulate General in Erbil to continue its already strong relations with the Kurdistan Region and we hope that it will continue to develop strategic and long-term ties with the Region.

The people and the government of the Kurdistan Region highly appreciate the political, military and humanitarian supports provided by the U.S. The Kurdistan Region is eager to further develop strong relationships with the U.S., based on mutual interests in politics, economics, trade, science, culture and other fields. Similarly, the Kurdistan Region is trying to continue to build good relations with neighbouring countries, countries in the region and across the world.

The people of the Kurdistan Region and the Kurdistan Regional Government share the same values and principles as the U.S. and the modern world.  They, too, believe in the same values and concepts such as freedom, democracy, human rights, diversity, openness, tolerance, youth and women empowerment and the free market. The Peshmergas fought alongside the American and international coalition forces to protect these values.

Ladies and Gentlemen,

I would like to congratulate and commend the representative of the U.S. diplomatic mission in Iraq, who came from Baghdad to join us today, for the construction of a new compound for their Consulate in Erbil. I also would like to take this opportunity to thank the former and current American ambassadors and consuls in Baghdad and Erbil for their efforts to improve the relations between the U.S. and the Kurdistan Region.

I would also like to thank the military, USAID teams and all the organizations and agencies from the U.S. that have worked and served in the Kurdistan Region. I commend them and we look forward to enhance the cooperation and collaboration between the United States of America and the Kurdistan Region.

We would like to see all the neighboring countries, countries in the region and across the world, to follow the United States in building diplomatic compounds in the Kurdistan Region, as we strive to build and improve good relations with them within a federal Iraq.
In the end, I wish to see all nations in the world enjoy peace, stability and prosperity.

Thank you and have a good day.

(Source: KRG)

Genel Energy receives Payment for January Sales

Genel Energy has announced that the Taq Taq partners have received a gross payment of $8.30 million from the Kurdistan Regional Government (KRG) for oil sales during January 2018. Genel’s net share of the payment is $4.57 million.

Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $56.44 million from the KRG as payment for January 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $14.07 million.

The Company has received an override payment of $7.86 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of January 2018, as per the terms of the Receivable Settlement Agreement.

In total, Genel’s net share of payments relating to January 2018 exports totals $26.50 million.

(Source: Genel Energy)