The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Patrick M. Schmidt. In statements made to the Financial Times, Turkish officials have encouraged the United States to allow American businesses to import Kurdish oil. They argued that the United States should support the Kurdish Regional Government (KRG) economically as Islamic State of Iraq and the Levant (ISIL, ISIS) has been able to directly […]
TWI (Theodor Wille Intertrade) and Safar personnel recently delivered critical food supplies to support the increasing number of refugees fleeing the violence in Iraq. Due to the deteriorating security situation in the region, over 50,000 refugees have been forced to flee areas of Northern Iraq in search of safety. The company said its local team […]
U.S. military forces continued to attack ISIL terrorists in Iraq on Monday, successfully conducting airstrikes on four ISIL checkpoints and multiple ISIL vehicles near Sinjar Mountain in defense of internally displaced Yazidi civilians in the area. At approximately 1:10 p.m. EDT, U.S. fighter aircraft struck and destroyed an ISIL checkpoint southwest of Sinjar Mountain. At […]
The KRG's Ministry of Natural Resources has said it attaches the highest priority to the safety and security of all oil industry workers and their operations in the Kurdistan Region. MNR remains in constant contact with KRG security forces regarding the deterioration of security on the Region’s borders and it continues to share all relevant […]
By Patrick M Schmidt. Senior Officials in the Turkish ruling party announced that the country would do everything it could to ensure the security of the Kurdistan Regional Government (KRG). The announcement follows reports of Turkish fighter jets on patrol over the region. “As a strategic neighbor the stability and security of the Kurdistan Region […]
Statement by Pentagon Press Secretary Rear Admiral John Kirby on Airstrikes in Iraq At approximately 6:45 a.m. EDT, the U.S. military conducted a targeted airstrike against Islamic State of Iraq and the Levant (ISIL) terrorists. Two F/A-18 aircraft dropped 500-pound laser-guided bombs on a mobile artillery piece near Erbil. ISIL was using this artillery to […]
By John Lee. Afren plc has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues. Working with its local security advisors, Afren is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field. All other Afren operations in the Kurdistan […]
By John Lee. Following recent events in the vicinity of the Kurdistan Region of Iraq ('KRI'), Genel Energy plc has confirmed that the Taq Taq and Tawke fields remain safe and secure. The company says that operations there are unaffected, with combined gross production from both fields averaging c.230,000 bopd this week. It says it […]
By Patrick M Schmidt. While Kurdish security forces battle Islamic State of Iraq and the Levant (ISIL) fighters on the ground, the Turkish Air Force has begun gathering intelligence on the militants’ movement from the air. Following a meeting between Turkish leadership, as many as eight jets were scrambled from Diyarbakir airbase. The Turkish leadership […]
By Patrick M Schmidt. An offensive launched by Kurdish security forces over the weekend has continued into the middle of the week. Their forces have mainly focused on the city of Mosul that the Islamic State of Iraq and the Levant (ISIL) had previously declared as the capitol of their “caliphate.” Kurdish forces have suffered […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After defeating the Kurdish Peshmerga, ISIS' advance across Iraq is on a dangerous threshold. Nic Robertson reports:
By Patrick M Schmidt. The Russian state-owned oil company, Gazprom, is expected to launch exploration operations in Halabja province before the end of the year. The province is located in the region of the Kurdistan Regional Government (KRG) and lays close to the Iran-Iraq border. If they find enough oil reserves, the company will begin […]
