Fourth Deloitte report on Oil and Gas Review in the Kurdistan Region, Iraq – Q2 of 2018 Today, Regional Council for Oil and Gas Affairs has published new verified data on the Kurdistan Region’s oil exports, consumption and revenues, covering the period from 1 April 2018 to 30 June 2018, after a review of the […]
Third Deloitte report on Oil and Gas Review in the Iraqi Kurdistan Region, with newly added disclosures on local sales – Q1 of 2018 New verified data on the Kurdistan Region’s oil exports, consumption and revenues have been published, covering the period from 1 January 2018 to 31 March 2018, after a review of the […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Introduction KRG’ gross oil export revenues, for 2017, stood at $7.9billion but it was left with only $3.9billion as net earnings. When the Region receives less than half of its gross oil […]
Pursuant to the Kurdistan Regional Government Council of Ministers resolution No.73 (3 February 2016) establishing an independent review of the oil and gas industry, today new verified data on oil exports, consumption and revenues have been published covering the period from 1 July 2017 to 31 December 2017. This is a continuation from the first […]
In its regular meeting on Wednesday, the Kurdistan Region Council of Ministers discussed and adopted proposed revisions to the salary distribution system, based on funds currently available and projected. In a press conference after the meeting, Prime Minister Nechirvan Barzani briefed the media on the revised salary distribution system. He said the KRG fully understands […]
As the Kurdistan Regional Government has promised, and to prove its commitment to transparency in the entire oil and gas sector of the Kurdistan Region, today the first report by the international auditing company, Deloitte, is released. The report, which includes verified numbers of export and sales of oil in the Kurdistan Region for the […]
Deloitte Middle East (DME) has launched a guide to doing businesss in Iraq. The “Doing business guide - Understanding Iraq’s tax position” addresses the key tax considerations for doing business in Iraq, alongside key economic, industry and market drivers which impact starting up a business there. The complexity of tax compliance in Iraq has grown […]
The Kurdistan Regional Government signed an agreement with the multinational professional services firm, EY (Ernst & Young), to audit oil and gas processes in the Kurdistan Region. During the signing ceremony on Wednesday, Prime Minister Nechirvan Barzani described the agreement as an important step by the Kurdistan Regional Government to be more transparent in the […]
The Iraq Britain Business Council (IBBC), jointly with the British Universities Iraq Consortium (BUIC), held a daylong event sponsored by the British Council in London on different aspects of academic partnerships between Iraq and UK. Baroness Nicholson of Winterbourne, IBBC Executive Chairman, HE Prof Al- Mosawi, Cultural Attache of the Iraqi Embassy, Amir Ramzan, Director […]
Some of Britain’s most successful businessmen and women will fly to Erbil tomorrow (September 23rd) on a Trade Mission designed to show the UK’s continuing support for the resilience of the Kurdistan region of Iraq’s infrastructure, society and economy. Organised by the Iraq Britain Business Council (IBBC), the group will spend three days meeting senior […]
A new report from Deloitte, entitled "Mergers and Acquisitions in the Oil and Gas Industry -- Current upstream M&A issues and transaction considerations", looks at the factors affecting investment in Iraq: "Iraqi production, which has now passed the 3 million barrel per day level, is benefiting from foreign investors with the expertise to exploit these […]
Global accounting and audit firm Deloitte plans to open its first office in Iraq and is working on an add-on acquisition to grow its Middle Eastern presence, according to report from Reuters. Omar Fahoum, chairman and chief executive of Deloitte Middle East, told Reuters that the company will open a branch in Baghdad in the […]
