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 […]
From the United Nations Development Programme (UNDP): Developing Tourism Enterprises in Kurdistan Region of Iraq The United Nations Development Programme (UNDP) in Iraq, with funding from the United States Agency for International Development (USAID), in collaboration with the Ministry of Municipality and Tourism - Board of Tourism of the Kurdistan Regional Government (KRG), proudly announces […]
KRG and Visa sign strategic partnership to promote financial inclusion The KRG's financial inclusion initiative 'MyAccount' has entered a strategic partnership with Visa, a world leader in digital payments, marking a key milestone in advancing digital payment solutions and promoting financial inclusion in the Kurdistan Region of Iraq. As part of this partnership, Visa will […]
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan's share of the 2024 Iraqi budget: More than meets the eye The KRI's share of the budget has always been more than meets the eye, a share […]
By John Lee. Handicap International (HI) has published a positioning paper on the recent disability legislation in Kurdistan Region of Iraq (KRI) (Law No. 8 of 2021). The paper was developed by HI's local partner, Sheyaw NGO, as part of the "Promoting Effective and Active Civic Engagement among persons with disabilities in Iraq (PEACE)" project. […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a statement following its arbitration win in a dispute with Genel Energy. Genel announced last week that a British court had dismissed its claim for damages from KRG for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. According […]
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Parliament Ends Year With No Kurdistan Oil Deal The Iraqi parliament ended this year's session without finalizing a deal with the semi-autonomous region of Kurdistan for the exports of crude […]
By John Lee. Genel Energy has announced that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG) for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. In a statement made after the close of trading in London on Monday, the company said […]
