Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

$12m Contract for Radio Equipment in Iraq

By John Lee. Florida-based Scientia Global Inc. has been awarded a $12,149,039 firm-fixed-price Foreign Military Sales (Iraq) contract to procure combat effective Digital Mobile Radio Tier III equipment, development, deployment, training and support services. One bid was solicited via the internet with one bid received. Work will be performed in Erbil, Iraq; and Melbourne, Florida, […]

Dutch University to Develop Climate-Smart Agriculture in Iraq

By John Lee. Wageningen University and Research (WUR) will support six Iraqi universities to develop climate-smart agriculture and efficient water management in Iraq. Together with the Institute for Water Education (IHE) in Delft and ICRA Global, Wageningen researchers will train academic staff and develop knowledge transfer facilities. Iraq is one of the focus countries of […]

KRG Approves Reforms to Kurdistan Tax System

KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]

GKP Plans 30% Year-on-Year Growth

Gulf Keystone Petroleum (GKP) has issued an operational and corporate update in advance of the Company’s full year 2019 results which are scheduled to be released on 26 March 2020. Operational Average gross production for 2019 of 32,883 barrels of oil per day (“bopd”), meeting original 2019 gross production guidance. Current production rates from the […]

New Factory Creates Jobs for Women in Halabja

By John Lee. A recently established tote bag factory has reportedly created jobs for 25 women in the Kurdistan Region’s Halabja. According to Rudaw, the initiative aims to promote alternatives to plastic, and is part of the “Green City Halabja” campaign, run by the NWE NGO and partially funded by the German Consulate and WADI […]

PM urges Kurds to Help Rid Iraq of US Troops

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abdul Mahdi urges Kurds to help rid Iraq of US troops Iraqi caretaker Prime Minister Adel Abdul Mahdi arrived Jan. 11 in Erbil — his first official visit to the Kurdistan region since taking […]

“Successful Year” for Genel Energy

By John Lee. Shares in Genel Energy closed Thursday up more than 4 percent after the company issued the following trading and operations update in advance of the Company’s full-year 2019 results, which are scheduled for release on 17 March 2020. The information contained herein has not been audited and may be subject to further […]

KRG discusses Reform, Public-Private Partnerships

KRG cabinet discusses reform agenda and public-private partnerships KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani on Wednesday chaired a meeting of the cabinet to discuss the Kurdistan Regional Government’s ambitious reform agenda and the implementation of public-private partnerships. Prime Minister Barzani welcomed the cabinet’s support for the government’s reforms, which will […]

New Well at Taq Taq is Close to Production

Genel Energy has announce an update on activity at the Taq Taq field (Genel 44% working interest), as testing of the TT-34 well is nearing completion. The well has produced from all zones tested, at a maximum combined flow rate of over 3,900 bopd with 28/64″ choke. With the inclusion of test production, gross production […]

Chevron pulls US staff from Kurdistan

By John Lee. Chevron has reportedly removed all of its American oil workers from Iraqi Kurdistan as a security precaution, following the killing of Iranian Quds Force leader Qasem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis. The company currently has interests in the Sarta and Qara Dagh blocks. (Sources: Reuters, CNN)

New Evidence of Corruption in Iraq

By John Lee. Court filings in the United States have reportedly shed new light on corruption in Iraq. Louis Auge, of EU Reporter, writes that two members of Iraq’s Communications and Media Commission (CMC) recieved houses in London in return for their role in the expropriation of over $800 million from French telecom firm Orange […]

Leading Brands Iraq 2019 Award Ceremony

The first ever Leading Brands Iraq award ceremony was hosted at Rotana Hotel Erbil, Iraq. Popular brands of consumer goods in Iraq have received their awards in a ceremony attended by representatives of the Iraqi central government and the KRG, delegates of leading brands as well as academics and media. Kurdmax TV recorded the event […]