By John Lee. Turkish energy minister Taner Yildiz (pictured) has announced that Turkey is ready to market oil from the Kurdish region, currently stored at the port of Ceyhan. Beginning May 2nd, Turkey will market some 1.5 million barrels of oil from storage tanks (which are nearing full capacity) and minister Yildiz said this would […]
By John Lee. Abullah Akrayi, the Kurdish representative for Iran affairs has announced plans for two pipelines to Iran, intended to exchange refined oil and natural gas from Iran for crude oil from the KRG, Anadolu Agency reports. Iranian trade envoy to Iraq Rostem Qasimi apparently signed the deal in Erbil with KRG natural resources minister Ashti […]
By John Lee. The Committee to Protect Journalists (CPJ) reports that journalists in Iraqi Kurdistan say they must self-censor on topics like religion, social inequality, and corruption associated with powerful officials. Their report states that over the past few years the nonprofit advocacy group Metro Center to Defend Journalists, based in Sulaymaniyah, has recorded in […]
The Kurdistan Regional Government (KRG)'s Ministry of Natural Resources (MNR) announces the publication of its Annual Financial Report for 2013, a detailed and comprehensive guide to the financial operations of MNR. The report includes revenue figures from crude oil production, local crude oil sales, the selling of refined products, and bonuses and capacity-building support derived from […]
The Kurdistan Region is open for business and British companies are welcomed, Kurdish officials told members of British Expertise, a leading trade association at a seminar last week. Minister Falah Mustafa, Head of the Kurdistan Regional Government's Department of Foreign Relations, and Bayan Sami Abdul Rahman, the KRG's High Representative to the UK, were joined […]
The Head of the KRG's Department of Foreign Relations, Minister Falah Mustafa, and Assistant Head of the DFR, Ms. Siham Jabali, met with the Director of the German Institute for International and Security Affairs (SWP), Dr. Volker Perth, to brief him on KRG foreign and domestic policy and the current political developments in Kurdistan, Iraq, […]
A delegation from the Middle East Institute, an American think tank, visited the Kurdistan Regional Government’s Department of Foreign Relations where they met with the Head of the DFR, Minister Falah Mustafa, and the Assistant Head of the DFR, Siham Jabali. The delegation, headed by former Ambassador Wendy Chamberlin, discussed their visit to Kurdistan, highlighting […]
A delegation from the UK Export Finance Department visited the Kurdistan Department of Foreign Relations to discuss opportunities for building further relations with Kurdistan in various fields of infrastructure and investment. The UK delegation was led by Steve Dodgson, the Business Group Director of UK Export Finance and included the British Consul General, Hugh Evans […]
By John Lee. DNO International has announced that two new high rate horizontal wells are now pumping oil at the Tawke filed in the Kurdish region. The combined rate of production of both wells is 37,000 bpd. By the year's end DNO expect to have 9 wells operational in the field, which they hold a […]
Following approval of its declaration of commerciality by the Kurdistan Regional Government (KRG), WesternZagros Resources has announced that it is moving to develop the first of its two significant light oil discoveries. Once its development plan for the Sarqala field is approved, the Company expects to produce up to 10,000 barrels per day (bbls/d) of […]
The Head of the KRG Department of Foreign Relations (DFR), Minister Falah Mustafa and the Assistant Head of the DFR, Siham Jabali met with the Swedish Ambassador to Iraq, Jörgen Lindström and the Head of the Sweden Section Office in Erbil, Jessica Svärdström today. They discussed different ways in which bilateral relations can be strengthened […]
By Judit Neurink. This article was originally published by Rudaw, and is re-published by Iraq Business News with their kind permission. American Firms Line Up for Kurdistan, as Erbil Mulls US Ties Roll in the American brands! A US delegation for franchise businesses will be visiting the Kurdistan Region of Iraq soon, to see if […]
