UK to provide $34.8m to Kurdistan for water project

Kurdistan will receive a loan worth $34.8 million (£27.14m) to finance a contract with a UK water engineering company. The money from UK Export Finance (UKEF) will support the deal between Kurdistan Regional Government and British water and wastewater engineering firm Biwater. It will be used to finance the first phase of a project designed to […]

Irish energy firm kicks off drilling in Romania

A Dublin-based exploration firm has started drilling for gas off the coast of Romania and for oil in Iraq’s Kurdistan region. Petroceltic International is drilling the Cobalcescu South well off the coast of Romania, which is expected to last two months and on the Shakrok-1 well in Iraq as part of a multi-well drilling campaign. […]

Exxon allegedly signs to explore Kurdistan oil

ExxonMobil has signed a deal to explore oil assets in Kurdistan with the Kurdish regional government (KRG), KRG officials claimed at an oil and gas conference in Erbil over the weekend. Ashti Awrami, the KRG’s minister for natural resources told the Financial Times that the regional government had been in talks with at least three […]

Afren buys Iraq oil for $588m

Oil and gas firm Afren has ventured into a new market by buying up $588million worth of interests in the Kurdistan region of Iraq. The pan-African firm already has assets in countries such as Nigeria, Ghana and Kenya. The new buy includes a 60% interest in the Barda Rash and 20% in the Ain Sifni […]