DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 34.73 million toward monthly […]
Kurdistan Regional Government to reform its armed forces with the support of International Coalition As part of the Kurdistan Regional Government’s continuing reforms, the Ministry of Peshmerga Affairs will implement significant reform measures with assistance from a joint team of military experts from the United States, the United Kingdom, and Germany. Prime Minister Barzani, Deputy […]
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan, or the Kurdistan Region, is the autonomous region in the north of Iraq. Its economy is mainly powered by oil, and to a lesser extent other industries. Its capital city is […]
Working closely with other humanitarian organisations and government counter parts is at the core of Logistics Cluster activities in Iraq. The team has recently joined forces with the German Government civil protection organisation Technische Hilfswerk (THW), which works closely with the Kurdistan Regional Government (KRG) to support capacity building efforts. As part of these activities, […]
Iraq’s first conference for the preparation of the National Development Plan Iraq’s Ministry of Planning launched the first round of discussions on the National Development Plan of Iraq (NDP) 2018-2022. The three-day conference was jointly organized in Erbil by the Ministry of Planning and the Local Area Development Programme (LADP), a project implemented by the […]
The Prime Minister of Iraqi Kurdistan has said the Region is safe and secure for investment, and encouraged foreign businesses to return to Kurdistan after the defeat of the so-called Islamic State (IS, ISIS, ISIL, Daesh) terror organization. Speaking at the opening ceremony of a new five-star hotel in Erbil, Nechirvan Barzani said: "Lebanese investors […]
By John Lee. Czech company Zetor is reported to be planning to set up a tractor assembly plant in Iraqi Kurdistan in 2020, using parts imported from the Czech Republic. According to Rudaw, the company will set up an entire new division on the KRI by 2030. A spokesperson for the KRG's Ministry of Agriculture […]
By John Lee. A new report from the British House of Lords' Select Committee on International Relations has recommended that the United Kingdom should not support Kurdish independence. Describing the Iraqi Kurds as "a valuable ally", the report -- The Middle East: Time for New Realism -- says that while the UK should support the Kurdistan […]
Since the start of military operations in October 2016 to liberate the City of Mosul, the number of internally displaced persons, IDPs, who have taken refuge in the Kurdistan Region has risen to 164,000 people. They are mainly located in camps in Erbil and Duhok Governorates. In an interview with Kurdistan Regional Government website, Hoshang […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As talk of an independence referendum for Iraq's Kurdistan Regional Government (KRG) grows, Iran's role is becoming more visible, especially that of Qasem Soleimani (pictured), the powerful commander of […]
The US State Department has approved a possible Foreign Military Sale to the Republic of Iraq for equipment for two Peshmerga infantry brigades and two support artillery battalions. The estimated cost is $295.6 million. The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of this possible sale on April 18, 2017. The […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in January 2017. (Source: GKP)
