The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Swedish Ambassador to Iraq, Jörgen Lindström, met with Minister Falah Mustafa today to follow up on recent developments in Kurdistan and in the greater region. Sweden currently has a Section Office established in Erbil as well as representation from the Swedish Trade Council. Sweden continues to be one of Iraq’s largest European trading partners […]
By John Lee. Austrian oil and gas company OMV has said that second-quarter profit dropped 29 percent as production fell in Libya and its gas-trading unit lost money, according to Bloomberg. Chief Executive Officer Gerhard Roiss (pictured) is shifting OMV’s focus to exploration and production, including in Iraqi Kurdistan, while selling assets like gas stations […]
Sri Lanka's Ambassador to Iraq, Mr Amaralal Sumith Nakandala, last Wednesday met with the Kurdistan Regional Government's Head of Foreign Relations to discuss ways of establishing relations between the Kurdistan Region and Sri Lanka. Ambassador Nakandala's visit is the first by a Sri Lankan diplomat to the Kurdistan Region and follows the re-opening of the […]
On Thursday, Marathon Oil Corp. said it expects to start producing oil from its operations in the Kurdish region of Iraq within the next two years. The company posted an 8.4 percent increase in net income for the second quarter of 2013, according to its quarterly report. According to UPI, the company said it is planning […]
According to The Express Tribune, Iraq’s Kurdistan region is exporting crude oil by truck to an Iranian port for shipping to Asia, using a trade route that is likely to anger both Baghdad and Washington. In a dispute largely over revenue sharing, Kurdistan’s crude exports through a pipeline controlled by the Iraqi central government, dried […]
Prime Minister Nechirvan Barzani met Turkey’s Prime Minister Receb Tayyip Erdogan to discuss recent developments in the Middle East, bilateral relations, the situation in Syria, developments in Iraq and the preparations for the Kurdish national congress. Mr Barzani was accompanied by the Kurdistan Regional Government’s Deputy Prime Minister Emad Ahmed, Natural Resources Minister Ashti Hawrami […]
By Miran Hussein. 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. Now that Massoud Barzani has ensured he is Iraqi Kurdistan’s President for another two years, many are wondering if he’s actually gunning for an even better […]
The new US Consul General in the Kurdistan Region, Mr Joseph Pennington, met with the KRG's Head of Foreign Relations Minister Falah Mustafa as part of his introductory meetings. He was accompanied by the outgoing Consul General, Mr Paul Sutphin, and the Head of Political/Economic Section at the US Consulate General in Erbil, Mr Stephen […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. MPs from the ruling State of Law Coalition and the Kurdistan Alliance confirmed the presence of positive vibes between the federal government in Baghdad and the Kurdistan Regional Government (KRG) in […]
ABB has won an order worth around $30 million from Zagros Energy to build four new transmission and distribution substations in the Kurdistan region of Iraq, as part of an overall initiative to expand and strengthen the regional power grid. The order was booked in the second quarter. Demand for reliable power is growing at […]
By John Lee. Mass Global Investment Company has selected GE steam turbine technology to increase the efficiency and the output of the Erbil Power Plant in Iraq's Kurdistan region. In operation since late 2008, the Erbil plant plays a vital role in meeting the growing power needs of Kurdistan, Iraq. Under the new agreement, GE […]
The new Turkish Consul General in Erbil, Mr Mehmet Akif Inam, met with Minister Falah Mustafa as part of his courtesy calls with senior government officials. He previously served as a Counsellor in the Turkish Embassy in Washington DC. He replaces his predecessor, Mr Aydin Selcen. In welcoming him to his post in Erbil, Minister […]
