The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
DNO ASA, the Norwegian oil and gas operator, announced that production from its flagship Tawke field in the Kurdistan region of Iraq continued uninterrupted during this week's shut down of the Kirkuk-Ceyhan pipeline in Turkey, given the flexibility to redirect volumes from exports to local sales. Prior to the pipeline disruption, Tawke production in the […]
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. Erbil-Baghdad Oil Relations Swing between Deal, no Deal Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon […]
By John Lee. The Chaldean Catholic Archbishop of Erbil, Bashar Warda, has reportedly said he plans to open a Catholic university in Erbil in October. Speaking in Australia, he said university "will embrace our Christian and Yazidi young men and women who were forcefully displaced from their areas and homes in the Plain of Nienveh in […]
By John Lee. Turkish Airlines has added Erbil to its list of flight destinations operated from/to Istanbul Sabiha Gökçen International Airport. Beginning July 20th, roundtrip flights between Istanbul and Erbil are being operated four times per week on Mondays, Wednesdays, Thursdays and Saturdays; from September 16th, flights will be increased to 7 per week. (Source: […]
Croatia’s Defense Minister, Mr. Ante Kotromanović today received Minister Falah Mustafa, Head of KRG Foreign Relations and his accompanying delegation to exchanges views on the fight against ISIS and mutual military cooperation. Minister Kotromanović expressed his admiration for the bravery of the peshmerga forces in the fight against the ISIS terrorists and stated that, “Fighting […]
By John Lee. The Kurdistan Region of Iraq has imported 26 tons of gold in the first six months of the year, a reduction on the same period last year. According to a report from Shafaaq News, 16.7 tons were imported through Sulaymaniyah International Airport, 8.2 tons through Erbil International Airport, and 1 ton through […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up more than 7 percent early on Thursday, as the company announced that it had received further payments for its oil shipments. In an operational update issued ahead of the company's Annual General Meeting today, the GKP said it continues to produce at stable rates […]
Minister Falah Mustafa, Head of the KRG Foreign Relations received on Sunday the Kuwaiti Consul General and Vice Chairman of the Board of Directors of the Kuwait Red Crescent Society. The Consul General of Kuwait Dr Omar Ahmed al-Kandari stated that on the 11th of June 2015, the Emir and the Government of Kuwait agreed […]
By John Lee. The agreement between the Kurdistan Regional Government (KRG) and the Iraqi central government agreement on budget and oil exports looks set to collapse. Kurdish MP Ardalan Nouraddin told BasNews that a new agreement will be signed, adding, “the details are yet to be revealed.” Under the December agreement, the KRG was to […]
By John Lee. Oil firms expecting to load Kirkuk crude at the Turkish port of Ceyhan have had to cancel tankers, as the Kurdistan Regional Government ramps up independent oil sales at the expense of sales through the State Oil Marketing Organization (SOMO). According to a report from Reuters, tanker cancellations included Eni’s Seanostrum, Socar’s […]
By John Lee. The Kurdistan Regional Government (KRG) has reacted angrily to a statement from Sharjah-based Dana Gas. Shares in the company jumped 13.7 percent on the Abu-Dhabi stock exchange on Sunday after the company won a ruling in the London Court of International Arbitration (LCIA) in its long-running dispute with the KRG in Iraq […]
By Amberin Zaman for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Masrour Barzani: Kurdish independence would help defeat IS The war against the Islamic State (IS) is continuing full force in Iraq and Syria. And Kurds from both countries remain the most effective […]
