Gulf Keystone Sees Interest in Akri-Bijeel
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 […]
Kurdistan-Related Oil Shares Rally
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 […]
Hope is Not a Scarce Resource in Iraq
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, […]
Dana Gas Updates on Kurdistan Operations
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 […]
'Walk for Iraq' Charity Dinner Cruise on Thames
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 […]
ExxonMobil-KRG deal: A puzzling move at a critical time
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The news of ExxonMobil’s venture by signing 6-blocks PSCs with KRG could have very serious ramifications as the move is rather puzzling, it occurred and became known at critical time, and consequently […]
Iraqi Dinars "One of the Most Foolhardy Investments you can Make"
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 […]
ExxonMobil's Kurdistan Gamble
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 […]
China's Huawei Wins Najaf Phone Contract
AKnews reports that Chinese company Huawei has won the contract to extend landline phone services to Najaf province, Mohammed Ayed al-Moussawi, chairman of the provincial council's services commission, said the service will be world-class and the project will cost $40 million [48 billion Iraqi dinars]. The Ministry of Communications announced in January that two million […]
More Profits For Iraq’s Strawberry Farmers Thanks To USAID
Business is flourishing for some of Iraq’s strawberry farmers thanks to higher-yield varieties and new growing techniques provided by the U.S. government through the United States Agency for International Development (USAID). The success of this program is an example of U.S.-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, to support domestic agricultural production […]
LG Electronics Participates in Erbil International Fair
LG Electronics has participated in the 7th edition of the Erbil International Fair, which was held from the 24th until the 27th of October, in the presence of 950 participating companies from 25 countries around the world. LG was one of the Fair's biggest participants, where its sales team showcased a series of products covering […]
Barham Salih meets US VP Biden at White House
With the debate about the U.S. troop presence in Iraq seemingly out of the way, the Prime Minister of the Kurdistan Region of Iraq Barham Salih urged the Vice President of the United States Joseph P. Biden to deploy the broad array of diplomatic and economic tools necessary to ensure that the stability and prosperity […]