The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Kurdistan Regional Government (KRG) has published the Monthly Export Report for April, 2015. The detailed report provides a summary of crude oil exports in April through the Kurdistan pipeline network to the port of Ceyhan in Turkey. The report also indicates the volumes provided to SOMO by the KRG in line […]
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. As a coalition of Sunni Arab states led by Saudi Arabia targets Shiite Houthi forces and their allies in Yemen, Iraqi Kurds are watching with concern and caution, wondering how […]
Norwegian oil and gas operator DNO today announced the doubling of capacity at its flagship Tawke field in the Kurdistan region of Iraq to 200,000 barrels of oil per day (bopd). The 200,000 bopd wellhead, processing and pipeline capacity milestone was reached in less than two years with 10 new horizontal wells and the construction […]
WesternZagros Resources has provided an operational update for its Garmian Block in the Kurdistan Region of Iraq, and a corporate update. Hasira-1 Well The Hasira-1 well is in the process of being suspended after conducting a cased-hole testing program in the high pressure Mio-Oligocene oil reservoir. During this test the wellbore experienced a considerable influx […]
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. Blank Pages: Financial Crisis Kills Off Iraqi Kurdish Media, Endangers Fourth Estate Before the current financial and security crisis, some of the media in Iraqi Kurdistan had been thriving. Now, […]
The Washington DC-based think tank the Bipartisan Policy Centre (BPC) says the United States must look for a new reliable strategic partner such as the Kurds, to replace Turkey, as Turkey is no longer a dependable ally. According to the BPC, Turkey has failed to secure the length of its 560 mile with Syria against the […]
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. Matter of National Security? The Turkish-Kurdish 'Secret Agreement' An 18-month-old “secret agreement” between Iraqi Kurdistan and Turkey goes for 50 years and potentially affects national security and oil exports. Nobody […]
By John Lee. At a meeting of the Kurdistan Regional Government's Council of Ministers (pictured), the Minister of Agriculture and Water Resources, Abdul-Sattar Majid, presented the plans of his ministry to improve the agriculture sector, and outlined the challenges that face the agriculture sector in the Kurdistan Region. The ministry’s ultimate goal, which is guaranteeing […]
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. Activists and government agencies in Iraqi Kurdistan have drafted amendments over the past few months to the autonomous region’s existing law combating domestic violence, introducing measures aimed at better protection of women's and children's […]
By John Lee. Genel Energy's chief executive has said he may step down as CEO as early as the end of this year to become Chairman. Reuters reports that Tony Hayward (pictured) also told the FT Commodities Summit in Lausanne, Switzerland, on Wednesday that low oil prices will trigger consolidation in the oil industry in […]
The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to $18 million in Saudi dairy company Al Safi Danone’s Iraq-based subsidiary, to expand its operations in order to improve domestic food security, boost Iraq’s non-oil sector, and reduce its reliance on imported dairy products. IFC’s long-term investment, which is […]
By John Lee. Exports of Kurdish and Kirkuk oil through the Turkish port of Ceyhan have reportedly risen to 420,000 bpd. According to BasNews, this is up from 270,000 bpd in March. 2.5 million bpd were exported through Basra, giving a total of 2.92 million bpd, down from the March record of 2.98 million bpd. […]
