Tag Archives | Erbil News

Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.

New Oil Deal Still Under Discussion

By Simon Kent. Kurdish and Iraqi officials are still thrashing out details of a more sustainable and far reaching oil revenue and exports deal, following the resumption of federal oil exports into the Kurdish pipeline from Kirkuk. Last week, 100,000 bpd of Kirkuk crude from Baba Gorgor, Jambour and Khabbaz, three fields in the giant Kirkuk […]

Abadi: Kirkuk Resumption Protects Reservoir

By Simon Kent. Prime Minister Haidar al Abadi (pictured) has remarked that the resumption of pumping oil into the Kurdish export pipeline from Kirkuk–from 70,000 bpd to an expected 150,000 bpd, is due to preserving the reservoir in one of the world’s oldest oilfields. Previously oil was being re-injected by the federal North Oil Company […]

Germany Resumes Weapons Exports to Kurds

By Simon Kent. Germany have resumed arms shipments to the Kurdish Peshmerga after they were suspended following allegations that some of the arms had been seen on the black market. The latest shipment comes after the Kurdish Regional Government completed an investigation into the allegations and pledged that it would not happen again. Germany has […]

NOC Allows Kirkuk Oil to Enter Kurdish Pipeline

By Simon Kent. Heightening speculation that  a new, comprehensive deal may be reached between the Kurdish Regional Government (KRG) and Baghdad over oil exports and revenues, news has emerged that the federal North Oil Company (NOC) is allowing exports of Kirkuk crude via the Kurdish pipeline through Turkey. This could add up to 150,000 bpd […]

New Baghdad- Erbil Deal Could Be Imminent

By Simon Kent. Two recent reports point to the possibility of an imminent oil deal between Baghdad and Erbil over revenues and exports, following the breakdown of the fourth revenue and exports deal in early 2015. In an interview with Kurdish publication Rudaw, KRG spokesman Safeen Dizayee (pictured) noted that there was a positive view of new Iraqi Minister […]

DNO Launch New Drilling at Tawke

By Simon Kent. Norway’s DNO ASA have launched a new drilling campaign at Tawke, Oilvoice reports. The field, currently producing 117,000 bpd and selling at an average price of $34 per barrel, earned DNO $16 million in profit in the second quarter. DNO Chief Executive Bijan Mossavar-Rahmani (pictured) noted that the profits would help underpin the current new investment. […]

New Oil Minister Luaibi Backs Deal With Kurds

By Simon Kent. Iraq’s new oil Minister Jabbar Al Luaibi, who was appointed April 14th, has remarked that the Kurdish Regional Government (KRG) and Baghdad are planning a new oil exports and revenue sharing deal to replace the one which collapsed in early 2015. According to Gulf News, Safeen Dizayee, a spokesman for the KRG also confirmed new […]

Ewan McGregor visits Refugee Children on Iraq Frontline

UNICEF Ambassador Ewan McGregor visits refugee and displaced children on Iraq frontline UNICEF Ambassador Ewan McGregor travelled to northern Iraq last week to see how the conflicts sweeping across Iraq and Syria are devastating children’s lives. Tens of thousands of children have been killed, injured, separated from their parents, forced to work, tortured and recruited […]

UNDP partners with Toyota to Create Jobs

The United Nations Development Programme (UNDP) and Toyota Iraq signed a flagship agreement today in Erbil to train and place hundreds of displaced people in jobs. This new partnership brings together one of the world’s leading car companies, Toyota, and UNDP, which is actively working to improve conditions for the more than 3.4 million Iraqis […]

Greece Opens Erbil Consulate

By Simon Kent. Greek Foreign Minister Nikos Kotzias has announced the opening of a consulate in Erbil, capital of the semi-autonomous region of Iraqi- Kurdistan. Greece already has an embassy in Erbil, and the announcement suggested the new consultate will “substantially upgrade” the country’s diplomatic presence in Iraq. (Source: Independent Balkan News Agency)

Kurdish PUK, Gorran Parties Strike Deal

By Mohammed al Salih for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A deal between two main Iraqi Kurdish political parties, Gorran and the Patriotic Union of Kurdistan (PUK), is expected to increase tensions and lead to further fragmentation and destabilization of Iraqi […]