Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

Iraq Britain Business Council welcomes 4 New Members

By John Lee. The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies: Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan […]

FAO inaugurates its new offices in Sulaymaniya

The Food and Agriculture Organization of the United Nations, inaugurated its new office In Sulaymaniya [Slemani] under the patronage of the First Lady of Iraq – Ms. Serbagh Saleh; and with the participation of the United Nations Resident and Humanitarian Coordinator for Iraq, Ms. Marta Ruedas; FAO Representative a.i. for Iraq Mr. René Verduijn; the […]

Stephen Whyte to step down at Genel Energy

Stephen Whyte, Chairman of Genel Energy, gave the following update on the business at the Company’s Annual General Meeting, held in London on Thursday: Genel had a very successful 2018, with free cash flow generation of $164 million even while making significant investment in growth. 2019 has seen us continue this success. We are delivering […]

Peshkabir has generated $1bn, 4x Total Spend

DNO, as operator of the Tawke field in Iraqi Kurdistan, has today issued an update on licence activity. Gross production from the Tawke licence, containing the Tawke and Peshkabir fields, averaged 126,759 bopd during the first quarter of 2019. Tawke production currently averages c.73,000 bopd, and Peshkabir c.54,000 bopd. There is an active 2019 drilling […]

DNO to spend $250m in Kurdistan this year

DNO ASA, the Norwegian oil and gas operator, today reported USD 35 million in first quarter 2019 operating revenues from its newly acquired North Sea assets, bringing the total quarterly figure across the portfolio to USD 204 million. The Company generated a net profit of USD 51 million and exited the quarter with a cash […]

Iraq hopes for Dilemma-less Summer

By Farhad Alaaldin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. It has been six months since Baghdad formed its new government, and no major political crises have arisen. For Iraq, this is unheard of. This could be the result […]

US launches $5m Airport Security Program

The U.S. Embassy in Baghdad and Iraq Civil Aviation Authority (ICAA) officials are celebrating the launch of a $5 million Iraq airport security program. This U.S. Government-funded initiative will provide both training and equipment in close coordination and partnership with Iraq civil aviation experts. During his remarks at the launch reception, U.S. Embassy Chargé d’Affaires […]

Startups in Iraq “to Multiply Rapidly”

Top Mountain LLC hosted the first annual Business Canvas Erbil conference which was attended by 120 participants and took place in the Dedeman hotel. The conference was funded by the European Union and German Federal Ministry for Economic Cooperation and Development through GIZ. The event was also sponsored by GroFin Iraq, a financing organization that […]

KRI Airports improve Disaster Preparedness

The United Nations Development Programme (UNDP) and the courier company DHL , in partnership with the Joint Crisis Coordination Centre (JCCC) in Kurdistan Regional Government (KRG) conducted a workshop on Getting Airports Ready for Disasters (GARD) for the period 14th to 18th Apr. The workshop aimed to prepare airports personnel to handle the logistical situations […]