By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies are ready to restart oil exports from Iraqi Kurdistan once agreements are in place. In a statement on X, the association called for written sales and lifting agreements with Baghdad and Erbil ensuring payment transparency and protection from […]
By John Lee. The Federal Ministry of Oil has confirmed the completion of procedures for resuming the export of oil produced in the Kurdistan Region through Ceyhan Port (pictured), in accordance with the mechanisms outlined in the Budget Law and its amendments and within Iraq's OPEC production quota. In a statement on Saturday, the Ministry […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq's Development Road has Erbil's "complete support," President Nechirvan Barzani said in Baghdad on Saturday, despite objections that it bypasses the Kurdistan Region. Click here […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that construction has begun on IQD 90-billion [$69-million] Shaqlawa-Harir road. The 10-km development will include two overpasses. Project Details: Overpasses: Shaqlawa Industrial Zone - improved worker access. Mirawa Tunnel - better village connectivity. Regional Impact: Connects Soran District to Erbil Governorate. Strengthens Kurdistan Region-Iran trade […]
By John Lee. The Kurdistan Regional Government (KRG) has completed a new $43-million hospital in Deraluk, Amedi district, Duhok, to serve 250,000+ residents. State-of-the-art facility spanning 250,000 sqm, featuring advanced medical technology. 100-bed capacity with a full range of specialist and emergency services. Medical services offered: Emergency & primary care Six operating rooms (major & […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Teacher insurrection puts pressure on Kurdish ruling parties Teachers in Iraqi Kurdistan are escalating protests to pressure the Kurdistan Regional Government (KRG) into paying public sector salaries more regularly. Thirteen teachers have been […]
By John Lee. The Kurdistan Regional Government (KRG) has issued an update on its environmental protection initiatives: Key Developments: 14,390 environmental permits issued in the past five years. 25,000+ projects monitored for compliance, with penalties imposed for violations. Illegal refineries shut down under PM Masrour Barzani's directive. Eight new dams completed, with more under construction […]
By Julianne Geiger for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back in Iraq: BP Puts $25B On the Table BP is about to make a big bet on Iraq -- again. After years of false starts, geopolitical chaos, and stalled negotiations, […]
By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has instructed the Ministry of Natural Resources (MNR) to maintain coordination with the federal Ministry of Oil, State oil Marketing Organization (SOMO), and oil-producing companies in the region to ensure the swift resumption of Kurdistan Region's oil exports through SOMO, with the […]
By John Lee. The Iraqi Parliament has voted to approve the first amendment to the Federal Budget Law (No. 13 of 2023) for the fiscal years 2023, 2024, and 2025. Proposed by the Finance Committee, the amendment aims to appoint an international technical advisory firm to assess fair production and transportation costs for oil fields […]
By Shahriar Sheikhlar for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP's High-Stakes Return to Kirkuk BP's reemergence in Kirkuk could present significant challenges to both the oil company and Al-Sudani's belief in the future of the country's political environment. The coming […]
By John Lee. The Kurdistan Regional Government (KRG) has given an update on the renovation of Erbil Citadel. The 6,000-year-old site was designated a World Heritage Site by UNESCO in June 2014. One of the oldest continuously inhabited settlements, with over 6,000 years of history. Covers 110,000 square meters. Includes 506 houses. Completed Work: Stone […]
