Tag Archives | KRG

Conflict over Kirkuk Oil Returns

By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On March 2, a military force affiliated with the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani seized the North Oil Company in Kirkuk province. The military […]

UN opens another Support Centre for Women in Kurdistan

Kurdistan Regional Government Prime Minister, Nechirvan Barzani received Ms. Zainab Bangura, Special Representative of the United Nations Secretary General on Sexual Violence in Conflict, and her accompanying delegation. Ms. Bangura expressed her appreciation for the collaboration and assistance offered by the Kurdistan Regional Government’s institutions to the UN organizations, especially in the field of work […]

American Corner opened in University of Kurdistan Hewler

The Head of the KRG Department of Foreign Relations, Falah Mustafa, attended the opening ceremony of the American Corner in the University of Kurdistan Hewler (UKH) in Erbil. The American corner will focus on promoting education in the host community, student exchange programs between the Kurdistan Region and the United States, providing electronic databases and […]

Presidents Barzani and Erdogan Meet in Turkey

President Masoud Barzani visited Turkey to be received by President Recep Tayyip Erdogan to discuss a series of important issues facing the region. During the meeting President Barzani and President Erdogan spoke of the ongoing military operation against the terrorists of the Islamic State in the city of Mosul where President Barzani reiterated his position […]

Shaikan Crude to be Exported by Truck

Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government’s Ministry of Natural Resources (MNR) is to begin exporting all Shaikan crude production via trucks to Turkey, from the end of February. Subsequently, no Shaikan crude will be injected into the Kirkuk-Ceyhan export pipeline at Fishkhabour, until […]

Rosneft and KRG sign Oil Deal

Russia’s Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the IP week conference in London. Pursuant to the Cooperation Agreement the parties signed a pre-financed Crude Oil Purchase and Sale Contract of Kurdistan Region […]

Netherlands supports Reforms in Iraqi Kurdistan

The Netherlands is supporting reforms in the Kurdistan Region with a contribution to its Funding Facility for Economic Reform The Kingdom of the Netherlands is contributing nearly US$270,000 (€250,000) towards the implementation of the Economic Reform Roadmap, developed by the World Bank in cooperation with the Ministry of Planning of the Kurdistan Region of Iraq […]

Iraq prepares to curb Greenhouse Gas Emissions

Iraq prepares to curb greenhouse gas emissions through development of a roadmap for mitigation action A total of 27 Iraqi experts and officials discussed and agreed on an outline for Iraq’s actions towards mitigating the cause of climate change that will lead to the finalization of the country’s Roadmap for Nationally Appropriate Mitigation Action (NAMA). […]

Dana Gas claims victory in Kurdistan Dispute

By John Lee. UAE-based Dana Gas has said it had won a judgment against the Kurdistan Regional Government (KRG) at the London Court of International Arbitration (LCIA). The consortium of Dana Gas, Crescent Petroleum and Pearl Petroleum has been seeking to confirm its contract rights and obtain payment from the KRG for gas production. The company […]

KRG calls for Urgent Help to avert Humanitarian Catastrophe

KRG Minister of Interior calls for urgent direct assistance to avert humanitarian catastrophe The KRG is calling for immediate, direct assistance to minimize a humanitarian catastrophe as a result of a lack of proper shelter and medical care for civilians fleeing Mosul. The KRG has not only supported and hosted fleeing IDPs, but also provided […]

Making Ends Meet in Iraqi Kurdistan

By Mark DeWeaver. Last November I was back at the American University of Iraq’s Institute of International and Regional Studies in Sulimaniyah, researching a report on the KRG’s latest economic reform initiatives. I was surprised to find that the KRG now has some promising programs underway to increase revenues and cut expenses. Given the dire […]

Nearly Half of Kurdish Businesses Pay no Tax

From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]