The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Erbil International Airport (EIA) this week signed a partnership deal with Lufthansa Consulting, part of the Lufthansa Group, to support the development and implementation of its masterplan. The contract, funded by EIA, will secure for the airport key expertise across a range of airport disciplines from project management, through planning, design, cargo, security and safety. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With the Islamic State of Iraq and the Levant (ISIL) group defeated by government forces in northern Iraq, the question of Kurdish independence could pose a new problem in the country. Tensions have […]
The Kurdistan Regional Government’s Deputy Prime Minister H.E. Qubad Talabani, as well as the Minister of Natural Resources H.E. Dr Ashti Hawrami have confirmed their attendance and participation at the Region’s annual Kurdistan-Iraq Oil & Gas Conference taking place on 11-13 December 2017 in London. International conference organisers CWC Group have announced the launch of […]
KRG Prime Minister Nechirvan Barzani received Mr. Martin Warr, the new Consul General of the United Kingdom in Erbil, and his accompanying delegation. Consul General Warr commended the role of the Peshmerga forces in the fight against ISIS and the Kurdistan Region for hosting large numbers of internally displaced people, who fled ISIS atrocities and […]
The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, has received Iran’s new ambassador to Iraq, Mr. Iraj Masjedi, accompanied by Iran’s Consul General in Erbil. Recalling old relations between Kurdistan Region and the Islamic Republic of Iran, Ambassador Masjedi expressed his wish to further develop the ties between Erbil and Tehran. He expressed his readiness […]
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. In Iraqi Kurdistan, locals often trust the local exchange counter more than big banks. But a recent rash of fraud on the informal money market has seen savings lost and […]
The US Department of State has awarded the construction contract for the new US Consulate Complex in Erbil to BL Harbert International of Birmingham, Alabama. The new Consulate Complex will include a Chancery, Marine residence, housing, support facilities and facilities for the community. The architect for the project is EYP of Albany, New York. (Source: […]
By John Lee. The Kurdistan Region of Iraq is to export potatoes to Russia. According to a report from Basnews, production has exceeded demand, allowing 500 tons of the product will be exported to Russia this year. Speaking at the opening of a factory to produce fried potato chips, the KRG's Minister for Agriculture, Abdulsattar […]
DNO, the Norwegian oil and gas operator, today announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq following extended testing of the Cretaceous and Jurassic reservoirs in the Peshkabir-2 well. The Company spud the Peshkabir-3 well on 8 July as part of a fast track […]
By John Lee. The number of tourists visiting the Kurdistan Region of Iraq over the Ramadan holidays has doubled since last year to 243,000 people. The income generated is estimated at $73 million. Nawroz Mawlud, the minister for Municipalities and Tourism told Rudaw that about 70 percent of the tourists came from southern and central […]
By John Lee. Norway's DNO has reported receipt of $40.66 million from the Kurdistan Regional Government (KRG) as payment towards April 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy, include $34.10 million towards monthly deliveries and $6.56 million towards […]
By John Lee. The Abu Dhabi National Energy Company PJSC (TAQA) has started oil production at its Atrush Block in the Kurdistan region of Iraq. Oil started flowing through the Atrush Central Processing Facility on 3rd July which has the capacity to handle up to 30,000 barrels of oil per day. The TAQA-operated Atrush Block […]
