Water levels in Kurdistan's reservoirs increase following heavy rains Reservoirs across the Kurdistan Region saw a huge increase in water levels following recent heavy rainfall. Dewana Dam in Garmian was completed in 2022 and filled to capacity in 2023, overflowing during the last month. The dam's director told the KRG Department of Media and Information […]
By Zaid Al-Ali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 20 Years of Failed Oil and Gas Policies Lead to New Opportunities in Iraq Back in 2003, the Kurdistan Regional Government (KRG) adopted an independent oil policy that was […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Oil flow from Iraqi Kurdistan to Turkey remains stopped, threatening sector Oil flows to Turkey remain frozen following the agreement between Iraq and the Kurdistan Regional Government (KRG). The […]
By John Lee. Heavy rainfall in the Kurdistan Region has caused an increase in water levels in various reservoirs, according to a statement from the Kurdistan Regional Government (KRG). The Dukan and Darbandikhan reservoirs alone collected more than 4 billion cubic meters of water. Dewana Dam in Garmian and Tourajar Dam in Garmian were completed […]
By Simon Henderson, Bilal Wahab, Henry Rome, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Israel May Lose Oil Access in Baghdad-Kurdish Deal Years of quiet and fairly lucrative oil trading between the Kurds and Israel […]
By John Lee. KRG President Nechirvan Barzani met with Antonio Tajani, the Foreign Minister of Italy, in Rome this week. The meeting discussed strengthening of bilateral relations of Italy with Iraq and the Kurdistan Region, opportunities for Italian investments and jobs in Iraq and the Kurdistan Region, and expanding collective cooperation, especially in the fields […]
By Amberin Zaman, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume. Click here to hear the full interview.
Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Rise and Fall of Kurdish Power in Iraq Despite thirty years of landmark achievements, the KRG's endless quest for economic independence has only entrenched […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: The Budget, and the Stock Market's Next Move The market, as measured by the Rabee Securities RSISX USD Index, was up 2.3% for the […]
By John Lee. Genel Energy has just published details of its payments to governments for the year 2022: Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2022 as required under the Disclosure […]
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, has officially opened the new Hyatt Regency Hotel, and the Gulan Mall, in Erbil. He thanked both Sirwan Barzani and Sabri Ozel for implementing these projects, which he said will pave the way for attracting tourists from the rest of Iraq and […]
