The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. A delegation headed by the KRG's Prime Minister Nechirvan Barzani met the board of Rosneft, including CEO Igor Sechin, in St. Petersburg on Thursday. The meeting is said to have centred around cooperation between the KRG and Rosneft in the Kurdish energy sector. In February, the KRG negotiated a deal with Rosneft […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Residents of Iraqi Kurdistan stock up on spirits as Ramadan kicks off While Iraqi security forces were busy clearing the last pockets of Islamic State-controlled areas in Mosul and the wider public in Iraq was […]
The International Finance Corporation (IFC), a member of the World Bank Group, and its partners officially launched the first independent institute of directors in Iraq to promote principles of good corporate governance, boost transparency, and help attract more private investment. The Kurdistani Institute of Directors (KIoD) will be providing corporate governance services in Iraq and […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The spokesperson for Turkmen political parties in Kirkuk tells NIQASH that his people don’t want to be part of Kurdistan, that they do want a semi-independent region and they hope […]
By John Lee. Oil production at the Atrush block is expected to start "around late June to August", according to a report from Rudaw. The pipeline (pictured) from the oilfield, in Kurdistan's Duhok governorate, is reported to be nearing completion, with initial production expected to be about 30,000 bpd. The website of the Abu Dhabi National […]
By John Lee. Agreen Group has won a tender to provide Prefabricated Shelter Units in Baharka 2 Camp – Zone A and B – Erbil Governorate. The contract, whose value has not been revealed, was awarded by the United Nations Office for Project Services (UNOPS). Agreen Group was founded in Erbil in 2005. (Source: UNGM)
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 34.73 million toward monthly […]
Kurdistan Regional Government to reform its armed forces with the support of International Coalition As part of the Kurdistan Regional Government’s continuing reforms, the Ministry of Peshmerga Affairs will implement significant reform measures with assistance from a joint team of military experts from the United States, the United Kingdom, and Germany. Prime Minister Barzani, Deputy […]
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan, or the Kurdistan Region, is the autonomous region in the north of Iraq. Its economy is mainly powered by oil, and to a lesser extent other industries. Its capital city is […]
Shares in DNO ASA, the Norwegian oil and gas operator, were trading up 5 percent on Thursday morning after the company announced expanded investments, including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter results. The Company reported quarterly net profit of […]
The Prime Minister of Iraqi Kurdistan has said the Region is safe and secure for investment, and encouraged foreign businesses to return to Kurdistan after the defeat of the so-called Islamic State (IS, ISIS, ISIL, Daesh) terror organization. Speaking at the opening ceremony of a new five-star hotel in Erbil, Nechirvan Barzani said: "Lebanese investors […]
By John Lee. Czech company Zetor is reported to be planning to set up a tractor assembly plant in Iraqi Kurdistan in 2020, using parts imported from the Czech Republic. According to Rudaw, the company will set up an entire new division on the KRI by 2030. A spokesperson for the KRG's Ministry of Agriculture […]
