The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
More than 300 thousand displaced Yezidi Kurds in Kurdistan Region The Kurdistan Regional Government Prime Minister’s envoy for people who fled ISIS terrorist organization from Sinjar, Dr. Nouri Osman Sinjari, said that since the capture of the town by ISIS, 263,000 have fled to Duhok, 20,000 to Erbil, 20,000 to Slemani, and a few to […]
By John Lee. Platts reports that Italy's Eni has provisionally booked a tanker to load an 80,000 mt cargo of Iraqi crude from the Turkish port of Ceyhan. Market sources said that the cargo is Kirkuk crude, and would be the first such cargo from the port since Baghdad and Erbil agreed to sell 150,000 […]
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Alexander Dodds, executive vice president of exploration and production at Hungary-based MOL Group, talks about finding the balance between high risk exploration and declining oil production. Dodds says Kurdistan is the most important region […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said that oil from the Kirkuk oil fields is now being pumped through the oil pipes and infrastructure built by the Kurdistan Regional Government (KRG). The Minister said: "150,000 oil barrels that include some oil produced from Kirkuk oil fields have […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly pumped 25 million barrels of crude oil through its independent oil pipeline to the Turkish port of Ceyhan. Turkish Energy Minister Taner Yildiz (pictured) said on Thursday that the oil was shipped from the port in 35 separate cargoes. (Source: Reuters)
On November 19, U.S. Ambassador Stuart Jones visited Erbil to assess efforts to address the urgent humanitarian needs of displaced populations in the Iraqi Kurdistan Region (IKR). To date, the United States Government (USG) has contributed more than $202 million in support of the international humanitarian response to the complex emergency in Iraq, which began […]
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. Kurdistan's Battered Women: Out Of Shelters, Into Danger And Honour Killings When a woman leaves a shelter for battered women in Iraqi Kurdistan, her family often has to sign a […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi government transferred $500 million to the autonomous Kurdish region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the finance minister said:
By John Lee. At a meeting of the Economic Council of the Kurdistan Region on Monday, the progress in setting up the Erbil Stock Exchange (ESX) was reviewed, and it looks like a shake-up in personnel can be expected. A statement from the KRG read: "In order for the Exchange to operate according to the […]
By John Lee. KRG Prime Minister and President of the Economic Council, Nechirvan Barzan, conducted a meeting on Monday of the Economic Council of the Kurdistan Region. Import and export systems, customs pricing, and raising professional standards of staff at border crossings were reviewed. To enhance capacities of Kurdistan Region border staff, increased coordination with […]
From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tony Hayward, the chief executive of Genel Energy (LON:GENL), insists Kurdistan, where Genel operates, is a ‘secure and stable’ place to do business despite the threat of terrorism in the region. Ex-BP CEO Hayward […]
By John Lee. Emirates resumed its twice-weekly passenger flights to Erbil on Sunday. The route is erved by an Airbus A330-200 aircraft in a 3-class configuration. The service will increase to four weekly flights from 4th December 2014. Sheikh Majid Al Mualla, Emirates Divisional Senior Vice President Commercial Operations, said: “We have been closely monitoring […]
