By John Lee. Gulf Keystone Petroleum (GKP) has announced that, further to the recent statement by the Ministry of Natural Resources (MNR) of the Kurdistan Regional Government (KRG) regarding payment to producers for crude oil exports, an initial payment of USD 15 million (17.5 billion Iraqi dinars) gross has been made to the company. Gulf […]
The Head of Trade and Economic Section of Republic of Bulgaria in Erbil, Mr. Dimitar Ougrinov, today met with the KRG Head of Department of Foreign Relations, Minister Falah Mustafa to discuss bilateral ties and the latest developments. Mr. Ougrinov announced that Bulgaria places great importance on enhancing relations with the Kurdistan Region and stated […]
Kurdistan Region President Masoud Barzani welcomed the Czech Republic’s Minister of Foreign Affairs, Lubomír Zaorálek, on Thursday. In a meeting in Erbil, the President and the Czech Foreign Minister discussed strengthening bilateral relations and military support by the Czech Republic to Iraq and Kurdish peshmerga forces. Foreign Minister Zaorálek, who was accompanied by his country’s […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While a recent deal between Baghdad and Erbil to export oil from the northern fields is seen by many as a breakthrough after years of stalemate, the prospect of further progress […]
Kurdistan Region President Masoud Barzani today welcomed Chief of Staff of the United States Army, General Raymond Odierno, who is visiting to assess firsthand the status of the fight against ISIS terrorists and the cooperation between the Peshmerga, the coalition forces and the Iraqi forces. General Odierno commended the bravery of the peshmerga forces and […]
A committee in charge of collecting accurate data and information on the conditions of Yezidi Kurdish women, abducted by the Islamic State in Iraq and Al-Sham, ISIS, terrorist organisation, is being set up. The decision was taken yesterday during the regular meeting of the Kurdistan Regional Government’s Women Rights Monitoring Board, chaired by the KRG […]
A resolution was introduced to the US Congress that would authorise the US government to supply military equipment, weapons, and training directly to Kurdistan Regional Government Peshmerga Forces. House Resolution 5747, a bi-partisan resolution, was introduced into the House Foreign Affairs Committee by Chairmen Ed Royce and Ranking Member Eliot Engel. The bill authorises the […]
More than 300 thousand displaced Yezidi Kurds in Kurdistan Region The Kurdistan Regional Government Prime Minister’s envoy for people who fled ISIS terrorist organization from Sinjar, Dr. Nouri Osman Sinjari, said that since the capture of the town by ISIS, 263,000 have fled to Duhok, 20,000 to Erbil, 20,000 to Slemani, and a few to […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that oil from the Kirkuk oil fields is now being pumped through the oil pipes and infrastructure built by the Kurdistan Regional Government (KRG). The Minister said: "150,000 oil barrels that include some oil produced from Kirkuk oil fields have […]
By John Lee. At a meeting of the Economic Council of the Kurdistan Region on Monday, the progress in setting up the Erbil Stock Exchange (ESX) was reviewed, and it looks like a shake-up in personnel can be expected. A statement from the KRG read: "In order for the Exchange to operate according to the […]
By John Lee. KRG Prime Minister and President of the Economic Council, Nechirvan Barzan, conducted a meeting on Monday of the Economic Council of the Kurdistan Region. Import and export systems, customs pricing, and raising professional standards of staff at border crossings were reviewed. To enhance capacities of Kurdistan Region border staff, increased coordination with […]
Special envoy of the Government of India, Ambassador Suresh K Reddy visited the KRG Department of Foreign Relations to discuss latest developments and the opening of India’s Consulate General in Kurdistan. Ambassador Reddy appreciated the continued support of the DFR for the Indian mission in Iraq and pledged to continue working with the Kurdistan Region […]
