The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Supreme National Committee for Water has confirmed that no dams were damaged in yesterday's earthquake. Following a meeting chaired by Prime Minister Dr. Haider Al-Abadi, the committee siad it has been instructed to continue monitoring Darbandakhan dam to ensure the safety of its basic structure. (Source: Media Office of the Prime […]
By John Lee. The Kurdistan Regional Government (KRG) said on Tuesday that it would accept a Supreme Court decision prohibiting the region from seceding from Iraq. It said in a statement: "At the request of the Secretary General of the Iraqi Council of Ministers on November 5th, 2017, the Federal Supreme Court issued Decision No. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Rescue teams have been deployed to the regions struck by Sunday’s 7.3 magnitude earthquake on the Iran-Iraq border; initial assessments are that some eight Iranian villages have been affected. At least 207 people […]
By Mahmut Bozarslan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tensions were already high last week between Iraq's central government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil. The stress spiked Oct. 31 near the Iraq-Turkey border when sirens began wailing and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The economy in the Kurdish region of Iraq has taken a hit after the referendum on secession. The central government in Baghdad has closed international airspace, tourists are staying away, and there’s been […]
By John Lee. Tourism in Iraqi Kurdistan has reportedly been hard hit following Baghdad imposed punitive measures on the Kurdistan Region following the independence referendum. Many restaurants and guesthouses in Erbil have had to lay off employees after international flights were banned and the borders temporarily closed. According to Rudaw, the Kurdistan Regional Government (KRG) […]
DNO ASA, the Norwegian oil and gas operator, today announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. Nine other oil zones and one gas zone have been identified for testing in a 1.2 kilometer horizontal […]
By John Lee. The CWC Kurdistan-Iraq Oil and Gas conference, planned for London in December, has been postponed. The Kurdistan Regional Government (KRG) cited "the current logistical and other circumstances affecting the Kurdistan Region" for their request to reschedule the conference. CWC has said that new dates and venue will be announced shortly. (Sources: KRG, […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi State Organization for Marketing Oil (SOMO) announced Nov. 2 that it is arranging with Turkey to allow SOMO to sell Iraqi crude from the disputed territories […]
Genel Energy has announced that the company has received an override payment of $6.41 million from the Kurdistan Regional Government (KRG). The payment represents 4.5% of Tawke gross field revenues for the month of September 2017, as per the terms of the Receivable Settlement Agreement. An entitlement invoice for that month's export deliveries has been […]
By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Between February 2017 and mid-October, Rosneft signed a number of deals with the Kurdish Regional Government (KRG) that established for it, […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery (pictured) in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels of crude oil per day (bpd) to […]
