By John Lee. The Kurdistan Regional Government is reported to have signed new agreements with Gazprom Neft, the oil-producing subsidiary of Russian gas monopoly Gazprom. "We are satisfied with Gazprom Neft's work in the region. New agreements have been reached with this Russian company in recent days," KRG President Masoud Barzani (pictured) was quoted as […]
6th March sees the anniversary event of The Iraq Club Dubai. This network for senior energy professionals operating in Iraq, has gone from strength to strength since it launched in 2012. The bi-monthly event which regularly attracts over 100 senior representatives from companies such as Leightons, Gulftainer and Schlumberger, expects a higher turn out next […]
Metito, a leader in intelligent water management solutions, has won a $6.8 million deal for a water treatment plant in Iraq. The company has signed an agreement with F&B Investment for the design, build, selection and supply of all mechanical and electrical equipment for the wastewater treatment plant in south of Kufa, Iraq. The project, […]
By John Lee. A member of the Shiite-dominated National alliance coalition told a press conference at the weekend that Iraq is losing almost $27 million per day because delays in agreeing the budget. Haider Abadi, Chairman of the parliamentary Finance Committee, is reported as insisting that the budget is issued as soon as possible. Iraq’s […]
Speaking at a ministerial meeting on sand and dust-storms in the region, organized by the United Nations Environment Programme (UNEP) in Nairobi, Kenya, on 21 February, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), expressed his support for greenbelts in Iraq and proposed the establishment of a regional […]
The U.S. Embassy in Baghdad hosted the “Victories from Iraq” bazaar on February 16, 2013, featuring the work of Iraqi artists who have benefitted from U.S. Government-funded skills and business training programs. Since 2007, the U.S. State Department has provided over $53 million to the International Organization for Migration (IOM) to implement livelihood projects for […]
By John Lee. Exxon Mobil has begun exploration for oil in Kurdistan Region, according to a report from PUKmedia. Safeen Dezae, Spokesman for the KRG, told the news agency that the company began its first stage of exploration with the scoping of locations; the second stage will involve exploratory drilling. Regarding the impact of the […]
By John Lee. Talks aimed at resolving the oil payments dispute between the Kurdistan Regional Government (KRG) and the Iraqi Federal Government are believed to have reached deadlock. Hopes of a resolution had been raised last week, but coalition legislator Ammar Tohme told Bloomberg that the political factions failed to agree on the amount of […]
In response to the demands of Iraq’s rapidly expanding construction and development market RMD Kwikform has opened its first representative office in Erbil in the north of the country. The new office will act as a base for RMD Kwikform’s operations in Iraq, supporting both new and existing customers. RMD Kwikform has been involved in […]
By John Lee. The planned sale of the Czech military L-159 planes to Iraq is reported to have broken down. Producer Aero Vodochody has allegedly limited the preparation for the production of 24 new planes to the minimum. The contract, which was announced last year, has not yet been signed, according to the Insider daily, but […]
The British Consulate General in Kurdistan region launched the Second British Film Festival yesterday, in Erbil. There was a strong turnout, including the President's brother Sidad Barzani, the Erbil Governor, and several KRG Ministers and top officials, as well as senior business and civil society figures. Hugh Evans, British Consul-General in Erbil, and festival co-founder […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It has been 10 years since the US-led invasion of Iraq, which marked a turning point in the West's so-called war on terror. The pretext of the Iraq war was security and freedom, […]
