Tag Archives | KRG

KRG discusses Implementation of new Reform Law

KRG Prime Minister Masrour Barzani chaired a cabinet meeting on Wednesday to discuss the implementation of the KRG’s ambitious Reform Law. The meeting of cabinet ministers was attended by the heads of the Financial Monitoring Diwan and Commission of Integrity in Kurdistan, as well as the President of Public Prosecutions. Prime Minister Barzani emphasised the […]

Restructuring the US Military Presence in Iraq

By Eric Bordenkircher, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Pivoting to the KRG: Restructuring the U.S. Military Presence in Iraq Since the start of the Iraq War in 2003, a defining element of American […]

KRG “Agrees 2020 Budget Share with Baghdad”

By John Lee. Erbil and Baghdad have reportedly reached an agreement on Erbil’s contribution to the 2020 federal budget. According to Reuters, the state news agency INA says the deal includes a transfer of 250,000 barrels per day (bpd) from the oil-producing region to Iraq’s national budget. Iraq’s 2020 federal budget is currently under discussion […]

KRG Approves Reforms to Kurdistan Tax System

KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]

PM urges Kurds to Help Rid Iraq of US Troops

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abdul Mahdi urges Kurds to help rid Iraq of US troops Iraqi caretaker Prime Minister Adel Abdul Mahdi arrived Jan. 11 in Erbil — his first official visit to the Kurdistan region since taking […]

KRG discusses Reform, Public-Private Partnerships

KRG cabinet discusses reform agenda and public-private partnerships KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani on Wednesday chaired a meeting of the cabinet to discuss the Kurdistan Regional Government’s ambitious reform agenda and the implementation of public-private partnerships. Prime Minister Barzani welcomed the cabinet’s support for the government’s reforms, which will […]

KRG Delays Payments to Oil Firms

By John Lee. The Kurdistan Regional Government (KRG) has delayed payments to oil producers by several weeks. In statements to the markets on on Thursday, Genel Energy, Gulf Keystone Petroleum (GKP) and Shamaran Petroleum said that payments relating to invoices for oil production in August and September, which were due to be paid in November […]

KRG sends Reform Bill to Kurdistan Parliament

KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani has today chaired a cabinet meeting to discuss the draft Reform Bill, a central pillar of the Kurdistan Regional Government’s agenda. Developed as a joint initiative involving all parties in the government, the Reform Bill includes a series of measures designed to provide more […]

DNO announces Oil and Gas Discovery

DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid […]

Successful IBBC Trade Visit to KRI

The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry. The group, led by Baroness Nicholson, UK […]

KRG PM Barzani receives UK Trade Envoy

KRG Prime Minister Masrour Barzani has received a delegation from the Iraq Britain Business Council (IBBC) headed by its chairman and the UK Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan, and Kazakhstan, Baroness Emma Nicholson. The two officials discussed strengthening bilateral trade relations between the Kurdistan Region and the United Kingdom. The Prime Minister […]

Baghdad sends delegation to Erbil to Resolve Disputes

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi President Barham Salih met separately Sept. 18 with four Kurdistan Regional Government (KRG) leaders — President Nechirvan Barzani, Prime Minister Masrour Barzani, parliament Speaker Rewaz Fayaq and Deputy Prime Minister Qubad Talabani in Erbil, the KRG […]