The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Bulgaria's government has decided to open a consulate in Erbil, according to a report from Sofia News Agency. In the beginning of 2013, Bulgaria reopened its embassy in Baghdad, which had been closed since 2003. (Source: Sofia News Agency)
By John Lee. Shares in Afren rose by more than 5 percent on Tuesday morning following a positive trading update. The company made the following statement on its operations in Iraqi Kurdistan: On the Ain Sifni block in Kurdistan, following the world class discovery with the Simrit-2 exploration well 1,509 feet of net oil pay […]
By John Lee. Oryx Petroleum has announced an update on its drilling activities at Banan and Demir Dagh in the Hawler license area in the Kurdistan Region of Iraq. The company the operator and has a 65 percent participating and working interest in the Hawler license area. Commenting today, Henry Legarre (pictured), Oryx Petroleum’s Chief […]
By Denise Natali for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As al-Qaeda continues to terrorize parts of Iraq, another battle looms over the country: control over Iraqi hydrocarbons and revenues. The Kurdistan Regional Government (KRG) is pressing ahead with its plans to […]
By Padraig O'Hannelly. This week the UK hosted a delegation of business people and officials from Erbil, who came to London to promote investment in the province. The delegation would have been larger were it not for the ongoing problem of getting visas to enter the UK; despite the recent opening of a new visa […]
The Middle East Association (MEA) and British Expertise will be leading a joint trade mission to Iraqi Kurdistan, visiting Erbil and Slemani, from 22nd-27/28th February 2014. Register your interest today to confirm your place. This mission will have a particular focus on Education, Training, and Skills, Construction and Infrastructure Development. The MEA and British Expertise […]
Kurdistan Region President Masoud Barzani today [Wednesday] addressed a special meeting of the Foreign Affairs Committee in the European Union’s Parliament in Brussels. In an event attended by a large number of MEPs, in his address the President talked about the latest political and security developments in Iraq, in Kurdistan and in the wider region. […]
The Head of the Swedish Embassy’s Section Office in Erbil, Jessica Svärdström, who is also the Deputy Head of Mission at the Swedish Embassy in Baghdad, met with the Head of the KRG Department of Foreign (DFR), Minister Falah Mustafa and the Assistant Head of the DFR, Siham Jabali, to discuss relations and matters of […]
Kurdish ministers have reportedly walked out of a cabinet session in protest at the country’s draft 2014 budget. Reuters reports that the draft budget requires the Kurds to export 400,000 bpd, well above the region’s current export capacity, and says Baghdad will deduct any shortfall from the 17 percent share of state revenues to which […]
The tragedy of sectarian violence continues in Iraq, but the country still presses ahead with its development, and foreign companies continue to seize opportunities to contribute to the country’s growth and prosperity. This week in our newsletter, we have details of a Russian company's first oil output at an Iraqi oilfield, a Danish company exploring […]
The Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40% non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A. Repsol will continue to operate exploration activities and also hold a 40% interest. The Kurdistan Regional Government will hold the remaining 20% share of each block. The […]
Mr. Dara Jalil Khayat, the president of Erbil Chamber of Commerce and Industry, recently received Mr. Radvan Coksoz, Vice President of the Chamber of Commerce and Industry of Gaziantep in Turkey, along with members of the board of directors. The sides talked about ways to strengthen trade relations between the two cities. Mr. Coksoz announced in […]
