The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Kurdistan’s oil and gas has been a force for stability and will benefit all the people of Iraq, Kurdistan Region Deputy Prime Minister Imad Ahmed told the second day of the CWC Kurdistan Iraq Oil and Gas Conference. He said, ‘Kurdistan has good relations with Turkey and will continue to develop its relations with Iran. […]
By John Lee. Credit Suisse has upgraded Genel Energy as a result of what it described as “irreversible progress” towards achieving large scale oil exports via Turkey. Believing that the Iraqi Kurdistan oil play is now lower risk, analyst Thomas Adolff says that progress has been very impressive since 2011 and "we treat recent events - […]
By John Lee. Oryx Petroleum today announced a successful oil discovery at Zey Gawra in the Hawler license area. The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81 metre column. A Notice of Discovery has been filed by the Corporation with the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and Iraq have worked out a new oil pipeline deal. The idea has caused a serious rift with Baghdad, which says it has the sole right to control sales of oil and […]
KRG Prime Minister Nechirvan Barzani, speaking at a conference in Erbil today (Tuesday), highlighted Kurdistan Region’s contribution to the global energy market and reiterated Kurdistan’s commitment to the Iraqi constitution in the Region’s dealings with Turkey. The Prime Minister referred to the discussions over the past two years between the Kurdistan Regional Government and Turkey […]
The Romanian Ambassador to Iraq, Mr Jacob Prada, met with Minister Falah Mustafa today to discuss ways to further develop ties with the Kurdistan Region of Iraq. The meeting took place a day after the Romanian Consular Office hosted their first National Day celebration in Erbil. Also present in the meeting was the Assistant Head […]
The Department of Foreign Relations has hosted a meeting for the Kurdistan Region’s diplomatic corps, providing them with the first update since the region's elections on the political, economic and security developments both in Kurdistan as well as Iraq. The Head of the Department of Foreign Relations, Minister Falah Mustafa, welcomed the diplomats and thanked […]
Travel experts and companies from around the world attended the Kurdistan International Tourism Conference in Erbil last week, paving the way for Erbil's position as Middle East Tourism Capital of 2014. The Head of the General Board of Tourism, Mawlawi Wahab made the opening remarks and welcomed the delegates who included officials from the federal […]
A US-led business delegation comprising of a number of international companies visited Kurdistan this week to explore investment opportunities in the fast-growing region, with a focus on agriculture, food and water sectors. The delegation, led by Steven Lutes, the Director of the US-Iraq Business Initiative (USIBI) at the US Chamber of Commerce, met with the […]
By John Lee. The British Consul General in Erbil, Hugh Evans, has told Rudaw that businesses should use Kurdistan as a gateway for the rest of Iraq. He added: "We realize there are political problems in the energy industry (with Baghdad threatening oil companies working in the south that they cannot work in Kurdistan too), […]
By John Lee. Lebanese investments in Iraqi Kurdistan account for 10 percent of the total investments in the region, and will exceed $3 billion, reports Aswat Al Iraq. The Chairman of the Lebanese-Kurdish Friendship Association, Ali Adeeb, said that the Lebanese investors were the first to come to the Kurdish region, investing in construction, banking, […]
The State Secretary at the Ministry of Foreign Affairs of Hungary, Mr. Zsolt Nemeth, has received the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa to discuss a number of issues including ways to further enhance mutual relations. The meeting was also attended by the Hungarian Ambassador to Iraq, Mr Tibor Szatmari. […]
