Tag Archives | KRG

KRG Bureaucracy Delays DNO Investment

DNO ASA, the Norwegian oil and gas operator, has reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more […]

Soran and Zakho to be Autonomous Administrations

The Council of Ministers of the Kurdistan Region of Iraq has approved Soran and Zakho as autonomous administrations, in a meeting led Prime Minister Masrour Barzani. Prime Minister Barzani cited the size and significance of both districts as reasons to grant them autonomy, and proposed that self-governance would ease the workload of people in those […]

KRG starts 27 Projects over Past Year

The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]

Talabani Family Feud at Center of PUK Power Struggle

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Talabani family feud at center of power struggle in Iraqi Kurdistan party The apparent takeover of the Iraqi Patriotic Union of Kurdistan party by Bafel Talabani is more family […]

Baghdad "sends 200 Billion Dinars to Erbil"

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad sends 200 billion dinars to Erbil: Ministry Baghdad sent 200 billion dinars to the Kurdistan Regional Government (KRG) on Sunday, the finance ministry announced. "Today, the first sum of money amounting to 200 […]

Ex-Dentons Partner to represent KRG for Arent Fox

By John Lee. Washington DC-based law firm Arent Fox LLP has entered an agreement with the Kurdistan Regional Government (KRG) to provide legal advice on various issues including legal and regulatory matters in the United States. It will also advise on strengthening the KRG's alliance with the United States, tracking and monitoring legislation in Congress, […]

Checkpoints Prevent Kurdish Traders from Exporting Produce

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi checkpoints bar Kurdish traders from exporting vegetables, fruits Checkpoints between the Kurdistan Region and southern Iraq prohibit regular exports for Kurdish produce farmers. Several domestic produce items are in season but do not […]

Kurdistan 2020 Oil Business "Crashed due to COVID-19"

The Kurdistan Regional Government (KRG) has released its annual oil and gas audit report for 2020, which revealed several drops in production due to the COVID-19 pandemic. The region's total exported and consumed oil for the year stood at 165,942,861 barrels, about 5 million barrels less comparing to 2019. The average price of oil dropped […]

Deloitte Report on Kurdistan Region Oil and Gas

Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region - Q1 to Q4 of 2020 The KRG has published a report containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for period 1 January 2020 to 31 December 2020,¬†along with the consolidated report for the year 2020. The report, […]

Amnesty: Arbitrary Arrests and Enforced Disappearance in Kurdistan

By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region of Iraq: Arbitrary arrests and enforced disappearance of activists and journalists Over the past year the authorities in the Kurdistan Region of Iraq (KR-I) have ruthlessly cracked down on journalists, activists […]

KRG begins Buying Wheat from Farmers for First Time

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The Kurdistan Regional Government (KRG) began buying wheat from farmers on Tuesday for the first time, following the completion of the newly constructed multimillion-dollar […]