Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

Berham Salih Seeks Opening Free Trade Turf Between Turkey and Kurdistan

Kurdistan president, Dr. Berham Salih, discussed the double relations between his region and Turkey, and ways to develop reinforce these relations with the Turkish consul in Erbil. According to a press statement issued by the region government, the two sides discussed opening the airway between Sulaimania, Erbil and Turkey to improve travel for citizens, companies […]

Heritage switches to Mid East

Heritage Oil, this month will sell its Ugandan operations for $1.35bn after more than a decade of development work. writes Miles Johnson in the Financial Times The cash will be used to pay investors a special dividend of between 75p and £1 per share, and to delve into fresh projects in Africa and the Middle […]

ArcelorMittal Plans Steel Plant in Kurish Iraq

The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah," a city in […]

MOL Makes Discovery in Akri-Bijeel Block in Kurdistan

Hungarian oil and gas group MOL has made a discovery in Akri-Bijeel Block in Kurdistan Region of Iraq. The testing results are promising, it said in a statement on 10 March, Portfolio Hungary reported. According to the official announcement: “Gulf Keystone is pleased to announce that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil […]