The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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. […]
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. Extremists, Oil or Kirkuk? Iraqi Kurdistan's Next Big Crisis: Its Presidency Several weeks ago Iraqi Kurdish MPs got into a fist fight in Parliament. The cause: Whether the current President […]
By John Lee. Islamic State (IS, ISIS, ISIL) militants set fire to an abandoned oil field near Makhmour and Qaraj, east of Erbil, on Wednesday. Anofficial told BasNews that the oil field is located between Peshmerga and IS militants’ frontlines, about 2 kilometres away from Peshmerga forces. It is believed that the oil field was […]
The Kurdish airline Zagros Jet has been granted permission to fly domestically within Iraq. According to a report from Ruday, this adds Bagdad, Sulaimaniya, Basra and Najaf to its list of destinations. The new service will start April 20 when the airline will begin offering six flights each week from Erbil to Baghdad. Moafaq Sherwani, […]
By John Lee. BasNews reports that Kurdistan's Ministry of Peshmerga and the Italian Consulate in Erbil are planning to cooperate on the construction of a hospital for wounded Peshmerga in Erbil. Peshmerga Minister Mustafa Said Qadir met with the Italian Consul Carmelo Ficarra and two Italian companies on Sunday to discuss the project, and a […]
Gulf Keystone Petroleum (GKP) this morning announced its results for the year ended 31 December 2014. HIGHLIGHTS Operational 2014 gross production of 6,484,391 barrels of oil (2013: 496,921 barrels of oil) with significant growth expected in 2015 Gulf Keystone's operations in the Kurdistan Region remained secure with production operations and crude oil export deliveries from […]
The Ministry of Natural Resources (MNR) welcomes the passage of the Oil & Gas Revenue Fund law through the Kurdistan Parliament and congratulates the people of the Kurdistan Region, the members of parliament, and the Kurdistan Regional Government Council of Ministers for the entry of the law into the Region’s statute books. MNR will ensure […]
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. Missing Millions? The Mystery of Iraqi Kurdistan's Border Taxes Money collected at Iraqi Kurdistan’s borders with Iran and Turkey should amount to hundreds of millions of dollars for the cash-strapped […]
The President of France, Francois Hollande, on Wednesday received at Elysée Palace a high-ranking delegation from the Kurdistan Regional Government’s Ministry of Peshmerga Affairs, led by the Minister, Mustafa Sayid Qadir, accompanied by a number of field commanders from the battle fronts and officials from the ministry. The purpose of the delegation’s visit to France […]
