The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Kurdistan24 reports that the Kurdistan Regional Government (KRG) Ministry of Agriculture has decided to impose a tax on some products imported from other parts of Iraq. KRG Minister of Agriculture and Water Resources, Abdulstar Majid, said that the his Department is aware that imposing a tax on goods within a country is […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 15.0 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for May crude oil deliveries to the export market from the Tawke field. The total invoiced amount for May is USD 39.28 […]
On the sidelines of the SPIEF'16 - St. Petersburg International Economic Forum, Kurdistan Region Prime Minister Nechirvan Barzani and his delegation met Mr. Alexander Novak, Russian Minister of Energy. Minister Novka welcomed the participation of Prime Minister Barzani and his delegation at St. Petersburg International Economic Forum, stressing the need to further develop the old […]
By John Lee. The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports. KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion: "If Baghdad […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Gen. Hadi Halabjayi and his peshmerga troops were getting settled in the new territory in the Khazir area they had captured from the Islamic State (IS) in late May after a day and a […]
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. As extremists are driven out of northern Iraq, the much contested Kirkuk province looks to the future. Politicians are discussing their options, including becoming an independent region. There are all […]
Economic reforms and investment opportunities in the Kurdistan Region of Iraq were highlighted during a one-day conference in the United States. The conference, titled ‘Iraq’s Economy: Challenges and Opportunities’, was hosted by the Johns Hopkins University’s Center for Transatlantic Relations on Thursday, June 2. Dr. Noori Othman, acting chairman of the Kurdistan Board of Investment […]
Figures from Turkey’s ministry of trade and customs show that truck traffic between Turkey and Iraq fell from 685,000 in 2014 to 606,000 in 2015, with only 200,000 trucks from January to May this year, according to a report from Rudaw. Trade fell from more than $12 billion in 2013 to $8.5 billion in last […]
Packers Plus Energy Services Inc. has announced that it recently installed and stimulated an open hole completion system in the Kurdistan region of Northern Iraq. This is the first well in Northern Iraqi fields for Packers Plus, using its StackFRAC HD system. The open hole method has proven successful against a number of other completion […]
Economic Reforms will Help Achieve Sustainable and Inclusive Growth in the Kurdistan Region of Iraq A new World Bank Group report proposes a series of reforms to enable Iraq’s Kurdistan Region to chart a path out of the difficult economic challenges it faces toward a more sustainable and diversified economic future. The combination of factors […]
The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for May 2016. The report for May 2016 details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; revenues received on account by the KRG during the month; and payments directly made […]
The Governorate of Duhok launched its Provincial Development Strategy 2016-2018 in a ceremony organized in collaboration with the United Nations Development Programme (UNDP), the European Union (EU), and NOREL non-governmental organization. Conceptualized with the support of UNDP’s EU funded Local Area Development Programme (LADP), the Strategy seeks progress in six areas: Multi-sector economy, geographical location, […]
