The fallout from the agreement between the Kurdistan Regional Government (KRG) and ExxonMobil to explore six blocks in Kurdistan continues to be felt. According to a report on Friday by Radio Free Europe/Radio Liberty, the U.S. government-funded news outlet, Iraq’s central government said it had settled the oil dispute with the KRG with an agreement […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The news of ExxonMobil’s venture by signing 6-blocks PSCs with KRG could have very serious ramifications as the move is rather puzzling, it occurred and became known at critical time, and consequently […]
An adviser to the Resources Minister of the Kurdistan Regional Government (KRG) confirmed on Friday that ExxonMobil has signed agreements to explore for oil and gas in six blocks in Iraqi Kurdistan, according to Dow Jones. This is big news, as the Baghdad government has previously excluded companies operating in the Kurdish region from oil contracts […]
With the debate about the U.S. troop presence in Iraq seemingly out of the way, the Prime Minister of the Kurdistan Region of Iraq Barham Salih urged the Vice President of the United States Joseph P. Biden to deploy the broad array of diplomatic and economic tools necessary to ensure that the stability and prosperity […]
President Masoud Barzani this week in Brussels met Belgium’s Foreign Minister Steven Vanackere. He also met European Union officials to discuss expanding relations with its member states. President Barzani encouraged Foreign Minister Vanackere to move Belgium’s Embassy from Amman to Baghdad and to consider opening a consulate in Erbil. Mr Vanackere commended the political and […]
In the ongoing conflict between the Kurdistan Regional Government (KRG) and the federal government in Baghdad over the proposed new oil and gas law, both sides agreed to adopt the draft law that had been presented in February, reports AKnews, citing Ghadhban Fadel, head of the advisers committee in the federal government. The announcement is […]
The Kurdistan Regional Government has officially reopened its representative office in Stockholm, Sweden, and appointed Mr Herish Khola Aziz Farhan as the Representative. The decision to reopen the Kurdistan Regional Government (KRG) Stockholm Representation was made at the KRG overseas representatives’ conference in September. The Stockholm Representation will reopen to the public for international enquiries […]
Kurdistan’s private sector held a press conference on Wednesday to announce the forthcoming 7th annual Erbil International Trade Fair, Iraq’s largest general fair. The trade fair this year, which takes place from 24 to 27 October, will be the largest in terms of size and the number of companies, highlighting the rapid economic growth in […]
At least 76 people were killed and 184 injured in nationwide attacks in Iraq last week. This is a rise from the previous week and largely attributable to a series of attacks in Baghdad. A series of bombing and suicide attacks targeting the police in the capital left numerous people dead on 12 October. The […]
Iraq's deputy prime minister has said that oil contracts signed by the Kurdistan Regional Government (KRG) must be rewritten, and that recent government payments to international producers in the region in no way validate the contracts, according to a report from Reuters. "The contracts as they stand will have to be presented to the government […]
Italy's Minister of Economic Development Paolo Romani this week led a trade delegation representing more than 50 companies to the Kurdistan Region to participate in a high profile business conference. Minister Romani’s visit to Kurdistan was part of a broader trip to Iraq, and was organised to coincide with the Italian-Kurdistan Region Business Forum and […]
Kurdistan Region President Masoud Barzani met with Austria's President Heinz Fischer on Friday in Vienna to discuss bilateral relations and mutual cooperation. In a very cordial meeting, President Barzani and President Fischer exchanged views on the current political situation in Iraq and in the Kurdistan Region, and the recent political developments in the Middle East. […]
