Another leader of Genel Energy has stated his opinion that Norway's DNO is a possible takeover target. "DNO is our natural partner so it makes a lot of sense if we can take them into Genel," Mehmet Sepil, CEO of Genel Enerji, told Reuters. Genel Energy, formed by the combination of Vallares Plc and Turkey's […]
UK-based aerospace design, analysis and modelling software solutions company j2 Aircraft Dynamics Ltd has announced it has won a $170,000 contract with the Ministry of Science and Technology in Iraq to provide them with an aircraft design lab in Iraq and associated training and education over a 2 week course in the UK. Paul Jenkins, […]
A mission of Portuguese entrepreneurs will visit Erbil, capital of the Kurdistan Region, from 22 and 28 November, to promote bilateral contacts with the aim of strengthening economic, scientific and business expertise and investment opportunities in a country that has emerged from conflict and years of international embargoes. The initiative is promoted by YUMN Worldwide, […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
The fallout from the agreement between the Kurdistan Regional Government (KRG) and ExxonMobil to explore six blocks in Kurdistan continues to be felt. According to a report on Friday by Radio Free Europe/Radio Liberty, the U.S. government-funded news outlet, Iraq’s central government said it had settled the oil dispute with the KRG with an agreement […]
Gulf Keystone CEO Todd Kozel (pictured) has told Reuters that the Kurdistan-focused oil explorer has interest for its 20 percent stake in the Arki-Bijeel block in the semi-autonomous region, but any sale was still in the preliminary stages: "We've got a lot of interested parties, but we have not identified a purchaser. "We haven't gone […]
Share prices in companies related to oil exploration in Kurdistan rallied on Monday, as stories circulated about a resolution of the dispute between Baghdad and Erbil on the recognition of oil contracts. This came despite an escalation in tensions between the two administrations regarding these contracts, which was brought to a head with the announcement […]
By John Filson, for the Common Ground News Service (CGNews). Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US President Barack Obama recently confirmed that he will bring US troops home from Iraq by the end of the year and, at the same time, […]
In its third quarter report, Dana Gas has given on update on its Kurdistan operations: "In the Kurdistan Region of Iraq, construction and commissioning of the LPG plant and supporting facilities are now complete, and gas is being delivered to the Erbil and Sulaymania power stations at peak rates in excess of 300 million standard […]
Dear all, the wait is finally over and we can 100% confirm the launch of the Walk for Iraq “Empowering the Widows of Mesopotamia” Charity Cruise Event. We are celebrating our successful 23km walk that took place on 10th September 2011 by 53 dedicated, young individuals and this event is too help us all meet […]
A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency. According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a […]
An adviser to the Resources Minister of the Kurdistan Regional Government (KRG) confirmed on Friday that ExxonMobil has signed agreements to explore for oil and gas in six blocks in Iraqi Kurdistan, according to Dow Jones. This is big news, as the Baghdad government has previously excluded companies operating in the Kurdish region from oil contracts […]
