By John Lee. Iraq has again told Exxon Mobil that it must choose between working in its southern oilfields or in Kurdistan. Reuters reports that Oil Minister Abdul Kareem Luaibi [Elaibi] expects the company to make a final decision within a few days, adding: "We made it clear to Exxon in the last meeting that the […]
By John Lee. Iraqi Kurdistan's energy minister, Ashti Hawrami, is reported as saying that the KRG has awarded Chevron a stake in the Qara Dagh oil block (pictured). Jay Pryor, Chevron's Vice President for business development, met with Kurdistan President Mr Masoud Barzani at the World Economic Forum in Davos, reports Steel Guru. During the […]
By John Lee. Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October 2011, a move which angered Baghdad, which has said the company must choose between its deals with […]
President of Iraqi Kurdistan, Masoud Barzani, hosted foreign diplomats and representatives of international organizations based in Erbil last week to discuss the latest political and economic developments in Kurdistan and in Iraq and to reflect on 2012. The annual gathering, attended by Minister Falah Mustafa Bakir, Head of KRG Department of Foreign Relations, touched on […]
By John Lee. Reuters has reported that BP will undertake work to arrest declining production at the Kirkuk oilfield, in a move that has outraged the Kurdistan Regional Government. Abdul Mahdy al-Ameedi, head of the oil ministry's Petroleum Contracts and Licensing Directorate (PCLD), told The Wall Street Journal that a request has been sent to […]
The Kurdistan Regional Government has issued a strongly-worded statement challenging the policy of the Federal Government and the Ministry of Oil: The Kurdistan Regional Government is proud of the achievements of its oil and gas industry since the fall of the former regime in 2003. It expects the federal government of Iraq to be proud […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish military officials and the Iraqi central government are currently trying to defuse an armed confrontation over a disputed northern territory. Kurdish military officials said the forces of Nouri al-Maliki, Iraqi prime minister, […]
By John Lee. Genel Energy has started shipping crude oil directly into Turkey from its Taq Taq oil field (pictured) in Iraqi Kurdistan, two weeks after exports from the region were halted, reports Bloomberg. According to the report, the KRG won’t resume exports through the central government pipeline network until the federal authorities pay the […]
Minister Falah Mustafa, the KRG's Head of Foreign Relations, met with Mr Tae-In Chung, the Deputy Director General for the African and Middle Eastern Affairs Bureau of the Ministry of Foreign Affairs and Trade of South Korea to discuss bilateral ties. Both sides discussed areas of cooperation in political, economic, and cultural fields between Kurdistan […]
Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations, on Sunday hosted a meeting with the diplomatic corps and other foreign representatives to reflect on and discuss key events in 2012. Minister Bakir reflected on the growing diplomatic presence in Kurdistan as a testament of its successful outreach policy with the international […]
By John Lee. The Kurdistan Regional Government (KRG) has suggested establishing a special area for Jordanian industries in the region. Aswat al-Iraq reports that during the visit of 42 Jordanian businessmen and exporters, discussions were held to enhance private sector trade relations. The visit was organized by Jordanian Capital Bank, the fourth in Jordan, with […]
Austrian companies in Vienna heard about the investment and trade opportunities in the Kurdistan Region, at the first business lunch to be jointly hosted by the Kurdistan Regional Government Austrian Representation and the Austrian Federal Chamber of Commerce. The guest of honour was Chairman of the Kurdistan Investment Board Minister Herish Muharam, who on the […]
