The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Range Energy Resources Inc has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, issued a press release stating that it has spudded the Shewashan-2 development well on 1st October 2015 under Phase 1 of the approved Field Development Plan (FDP) for the Shewashan oil […]
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. Demonstrations turned violent earlier this month as thousands of people protested the dire economic situation in Iraqi Kurdistan, with many demanding that Massoud Barzani (pictured) step down as regional president. Developments that brought the […]
By John Lee. The Kurdistan Region’s Syndicate of Investors [Kurdistan Investors Union] has said that recent violent protests in Sulaymaniyah have cost the province $1 billion. Spokesperson Mala Yasin Mahmoud told BasNews that many strategic projects have been cancelled and foreign investors are leaving because of the protests. “At least 15% of the foreign investments […]
KRG Minister for Foreign Relations, Falah Mustafa Bakir, this week discussed business and economic opportunities in the Kurdistan Region with senior members of the New Zealand Middle East Business Council. The Members of the Council included Vice Chairman of the Council, Michael Webb, Executive Committee Member, Deborah Schlichting, and Executive Advisor, Michelle Boag. Mr. Bakir […]
By John Lee. The newly-appointed Iraq Director for the Institute for War and Peace Reporting (IWPR) has been found dead in suspicious circumstances at an Istanbul airport. Local media reported that British woman Jacky Sutton, aged 50, had missed a connecting flight to Erbil, didn't have enough money to purchase a replacement ticket, and was found […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The political crisis in Iraq’s Kurdistan region has deepened after the Kurdistan Democratic Party sacked five ministers from the rival Goran movement. The move is likely to worsen two months of presidential dispute […]
Shares in Gulf Keystone Petroleum (GKP) traded up almost 10 percent in early trading on Thursday, after the company confirmed that a gross payment of US$15 million (US$12 million net to Gulf Keystone) for Shaikan crude oil exports had been received. This October 2015 payment follows a similar payment in September 2015 and is in […]
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. Setting A Good Example: When It Comes to Reforms, 'Model' Iraqi Kurdish Region Is Lagging Behind Baghdad The crises that caused Iraqi PM Haider al-Abadi to announce serious reforms also […]
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
KRSC statement: Fourth major Peshmerga offensive west of Kirkuk clears more than 140 square kilometres Fourth major offensive in west of Kirkuk clears more than 140 square kilometres. Peshmerga Forces secure Ghara Heights, push ISIL beyond the river between Ghara Heights and Mt. Varies, and secure additional stretch of Kirkuk - Samarra highway From 1900hrs […]
The flow of crude oil from the Kurdistan Region to Ceyhan was halted on Thursday following theft from the export pipeline in Turkey. The thieves struck the pipeline near Urfa at 0545 am on the first day of the Eid holiday. No repair crews were on duty. A crew was due to start work on […]
