The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
By John Lee. Baghdad and Erbil have reached an agreement resolving the long-running dispute over oil exports and budget payments. Finance Minister Hoshyar Zebari said that 550,000 barrels per day (bpd) of oil would be sent to the Iraqi oil ministry. In return, the Kurds will receive their 17% share of the national budget. The […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi army says it has held off a fierce assault by the Islamic State of Iraq and the Levant (ISIL, ISIS, IS) on the city of Ramadi. Meanwhile, coalition airstrikes have killed […]
By John Lee. Kirkuk Governorate has reportedly renewed its demands on the central government to honour a pledge and build a $3-5 billion (3.5-5.8 trillion Iraqi dinar) oil refinery in the province. Alsumeria News quoted the acting chairman of Kirkuk Provincial Council as saying that the project has been on the cards since 2007, but […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. New Awakening? Locals in Kirkuk Slowly But Surely Turn Against Extremists Sunni Muslim extremists continue to kidnap, execute and otherwise impose their authoritarian rule on locals in the areas they […]
By John Lee. The Kurdistan Region of Iraq has exported more than 14 million barrels of oil from its independent oil pipelines to Turkey in the last nine months, according to a report from BasNews. A spokesman for the KRG's Natural Resources Committee told the news agency that the exports have brought in over 1 […]
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It said the speeches of Iraqi Prime Minister Nouri al-Maliki do not scare the […]
By John Lee. Kurdish politicians officially suspended their participation in the Iraqi government on Friday, as forces under their control seized two oilfields in northern Iraq. Prime Minister Nouri al-Maliki has appointed temporary replacements for the five Kurdish ministers of the cabinet. Kurdish forces took over the Bai Hassan and Kirkuk oilfields near Kirkuk; an […]
KRG statement on recent events at oil facilities and infrastructure in Makhmour district This morning, members of the Kurdistan Regional Government (KRG) and Kirkuk Oil Protection Forces moved to secure the oil fields of Bai Hassan and the Makhmour area, after learning of orders by officials in the federal Ministry of Oil in Baghdad to […]
By John Lee. Bloomberg reports that Iraqi Kurdistan will keep Peshmerga troops in the nearby oil hub of Kirkuk until people there can vote on whether to join the Kurdish enclave. Safeen Dizayee (pictured), spokesman of the Kurdistan Regional Government (KRG), said: “As a people, we have the right to be independent, but the issue […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish leader Massud Barzani said Friday there was no going back on autonomous Kurdish rule in oil city Kirkuk and other towns now defended against Sunni militants by Kurdish fighters.
By John Lee. The KRG's Minister for Natural Resources, Ashti Hawrami (pictured), has told Reuters that the Kurds have plans to increase their oil exports eight-fold by the end of 2015. He said Kurdish oil exports could double "within a month or so" to around 250,000 bpd and hit 400,000 bpd by the end of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Millions of dollars worth of US made equipment has been reduced to wreckage in the Iraqi town of Kirkuk after a rebel led advance on the city. Sunni rebels captured Kirkuk's largest military […]
