The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of Iraqi Kurdistan has called on Turkey's Kurds to back a flagging peace process with Ankara, in a show of support for Prime Minister Tayyip Erdogan's bid to overcome a three-decade […]
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. Legal Loopholes in Oil Industry Threaten Iraqi Kurdistan’s Environment The region of Iraqi Kurdistan is brimming with untapped oil resources. And multi-national oil companies know it. But because of […]
By John Lee. Shares in DNO International, the Norwegian oil and gas company with significant interests in Iraqi Kurdistan, were trading up 5.4 percent on Thursday morning after the company announced third quarter 2013 net profit of NOK 282 million [$45 million] on operating revenue of NOK 810 million [$130 million]. The shares are now […]
By Semih Idiz for Al-Monitor . Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It is no secret, thanks to frequent leaks to the media, that energy cooperation between Turkey and the Kurdistan Regional Government (KRG) is continuing apace. This, however, has not broken […]
By John Lee. Iraqi Kurdistan has finalized a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines. Reuters reports that the deals could see Kurdistan export some 2 million barrels per day (bpd) of oil to world markets and at least 10 billion cubic meters per year of gas to […]
By John Lee. Reuters reports that Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] and BP CEO Bob Dudley (pictured) paid a visit to Kirkuk on Wednesday to win over the local government before the company starts work on this controversial northern oilfield that straddles the border with autonomous Kurdistan. Baghdad signed a deal in early […]
The Kurdistan Region Government and the Integrated Coordination Office for Development and Humanitarian Affairs (ICODHA) of the United Nations Assistance Mission for Iraq (UNAMI) have announced today signing of an agreement to launch a joint Trust Fund aimed at supporting the Kurdistan Region Government’s development vision outlined in the Kurdistan Vision 2020 Development Strategy. The […]
WesternZagros Resources has completed testing operations in the Oligocene reservoir of the Kurdamir-3 appraisal well on the Kurdamir oil and gas discovery in the Kurdistan Region of Iraq. Although the testing operations took longer than anticipated due to mechanical difficulties, the results of the third and fourth drill stem tests (DST #3 and DST #4) […]
As part of his visit to the Kurdistan Region, the French Ambassador to Iraq, Mr Denis Gauer, along with the French Consul General, Mr Alain Guépratte and an accompanying delegation, visited the KRG Department of Foreign Relations to meet with the Head of the Department, Minister Falah Mustafa to discuss political developments as well as […]
By John Lee. An unidentified spokesman from the Turkish Energy Ministry has told the Platts that it's not possible to build a new oil pipeline in the time expected by Kurdish officials. Ashti Hawrami, the Kurdistan Regional Government's Minister of Natural Resources, is reported to have said last week that it would take less than […]
