The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Oil exports from Iraq's Kurdistan Region are set to resume through the Iraq-Turkey Pipeline (ITP) following agreements between Baghdad's Federal Government, the Kurdistan Regional Government (KRG), and international oil companies, ending the prolonged export suspension. DNO ASA will deliver the Kurdistan Regional Government's share of production from its Tawke license, currently averaging […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources has confirmed that it has fulfilled its obligations regarding oil exports from the Kurdistan Region, in coordination with the Federal Ministry of Oil. It says that all domestic and foreign companies, with the exception of one foreign entity that has yet to formalise […]
By John Lee. Genel Energy and DNO have issued statements relating to recent media reports of an agreement on the export of oil from Iraqi Kurdistan via the Iraq-Turkey Pipeline to the port of Ceyhan. DNO, the largest operator in the Kurdistan Region, said it is eager to resume exports but "pursuant to agreements that […]
By John Lee. The Orbital Green Belt Project has been launched in Erbil Governorate to encircle the city with a protective green zone, part of the wider master plan. The initiative is designed to improve the urban environment, mitigate climate impacts, and enhance residents' quality of life. The project will plant 7 million olive and […]
By John Lee. The Kurdistan Regional Government (KRG) has launched the Kawlokan Corniche Project, a key component of the Soran District Tourism Master Plan, aiming to establish the area as a major visitor destination. The first phase will develop five ponds along a 4-kilometre river stretch, with landscaped green spaces, cafés, and restaurants. The project's […]
By John Lee. The Kurdistan Regional Government (KRG) has completed the [Shaikan] Sheikhan-Lalish road project in Duhok Governorate, which will soon be opened to the public. The road spans 9 kilometres in length and 25 metres in width, with a total investment exceeding 26 billion Iraqi dinars [≈ $17.8 million]. Constructed to modern engineering standards […]
By John Lee. Hiwa Rauf for Investment & Development (HRID) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a financing partnership mandate for Downtown Slemani, Iraq's first certified sustainable mixed-use real estate development. The agreement was announced during IFC Partnerships Day in Iraq, held under the patronage of […]
By John Lee. Iraq's State Oil Marketing Organisation (SOMO) reportedly announced on Tuesday that it has concluded all contracts and obligations with buyers of oil produced in the Kurdistan Region. The company emphasised that resuming exports from Kurdistan would restore Iraq's role as a key supplier to the European market. SOMO Director General Ali Nizar al-Shatri […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad rescinds PMU legislation as US forces redeploy to Iraqi Kurdistan Under reported threat from the US, Iraq's government has withdrawn a controversial draft law that would have significantly reshaped the country's Popular […]
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the half year ended 30 June 2025. Shares were trading up more than four percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We delivered strong operational and financial performance in the first half of 2025, with material free cash […]
