The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Patrick M Schmidt. On Sunday, the United States Coast Guard granted permission for the Kurdish oil tanker, United Kalavrvta, to offload its payload of crude oil from Kurdistan Regional Government (KRG) controlled oilfields in northern Iraq. The State Department further indicated that they would not prevent tanker from offloading at port in Galveston, Texas […]
From the BBC. John McCarthy meets the Kurds of northern Iraq, a unique island of stability in a nation broken into warring fragments. He asks how a people who have been victims of abuse and atrocity for generations managed to transform their fortunes so dramatically. How did they recently gain the confidence to calmly take […]
By Patrick M Schmidt. While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment. With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth of GDP in 2013, Kurdistan’s economic […]
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdistan’s Ministry of Peshmerga Affairs said its troops are not attacking armed groups in Iraq, but are just taking defensive positions. It said the speeches of Iraqi Prime Minister Nouri al-Maliki do not scare the […]
The General Directorate of Water and Sewage in the Kurdistan Region is considering the implementation of the Ifraz Station-4 project, with a capacity of 25000 cubic meters per hour, due to the increase in the demand for drinking water in the capital, Erbil. The General Directorate of Water and Sewage last year started to implement […]
By Patrick M Schmidt. After a long journey across the Atlantic Ocean, the oil-tanker, United Kalavrvta [United Kalavryta], is just miles off the coast of Florida. The tanker is loaded with one million barrels of crude oil that has a current market value of approximately $100 million (117 billion Iraqi dinars). The oil onboard is […]
Sterling Global Operations puts first Micro MineWolf tracked armored vehicle into use in Kurdistan Sterling Global Operations (SGO) is operating the first Micro MineWolf (MW50) anti-mine armored tracked vehicle – designed for use in mountainous and other hard-to-access locations – in Kurdistan as part of SGO’s work supporting oil and natural gas exploration, demining projects, […]
By John Lee. President Jalal Talabani returned to Iraq today for the first time since he suffered a stroke a year and a half ago. In the meantime he was receiving medical treatment in Germany. Although he is unlikely to take an active role in politics, Reuters reports that Talabani's return will help rally support […]
Kurdistan Regional Government Spokesperson Safeen Dizayee (pictured) said that yesterday a KRG delegation, headed by Deputy Prime Minister Qubad Talabani and including Minister of Natural Resources Dr. Ashti Hawrami, Minister of Finance and Economy Rebaz Muhammad, and Spokesperson Safeen Dizayee, travelled to Ankara. The delegation held meetings with senior Turkish officials, discussing the cooperation agreement […]
The KRG's Ministry of Housing and Reconstruction is currently building a dual carriageway connecting Erbil to Haji Omaran. Parts of the road, which include tunnels and bridges, do not pass through the old path known as Hamilton Road. After the project is completed, the road between Erbil and Haji Omaran will become a dual carriageway. […]
By John Lee. Kurdish politicians officially suspended their participation in the Iraqi government on Friday, as forces under their control seized two oilfields in northern Iraq. Prime Minister Nouri al-Maliki has appointed temporary replacements for the five Kurdish ministers of the cabinet. Kurdish forces took over the Bai Hassan and Kirkuk oilfields near Kirkuk; an […]
KRG statement on recent events at oil facilities and infrastructure in Makhmour district This morning, members of the Kurdistan Regional Government (KRG) and Kirkuk Oil Protection Forces moved to secure the oil fields of Bai Hassan and the Makhmour area, after learning of orders by officials in the federal Ministry of Oil in Baghdad to […]
