The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The American company MD Helicopters has reportedly won a contract from the Kurdistan Regional Government for the supply of 12 civilian helicopters. Equipped with the latest state of the art technology, including NVG compatible cockpit, high powered searchlight and advanced avionics, the MD 530F choppers will be delivered by the end of this […]
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has said that the results of the parliamentary election of the Kurdistan Region will not be announced until next week. It had originally planned to give the results of Saturday's election on Thursday 26th. 73.9 percent of the 2.8 million people eligible in the ballot turned […]
By John Lee. Iraqi Deputy Prime Minister for Energy Hussain al-Shahristani (pictured) has asked the Kurdistan Regional Government (KRG) to connect its new oil pipeline with Baghdad's Kirkuk-Ceyhan pipeline in a way that allows Baghdad to measure oil flows, according to Reuters. The KRG is expected to complete the 300,000-bpd pipeline in the coming weeks, […]
The Deputy Head of Mission of the Spanish Embassy in Iraq, Mr. Ramon Molina Llado, met Minister Falah Mustafa yesterday to seek ways of further developing the existing relationship between Spain and the Kurdistan Region. During their meeting, Mr Llado underlined the importance that his government places on its ties with Kurdistan and expressed hope […]
By John Lee. Genel Energy and DNO International have signed a Gas Sales and Purchase Agreement with the Kurdistan Regional Government to supply gas from the Summail field in the Dohuk licence in the Kurdistan Region of Iraq. The gas will partially displace diesel currently used to generate electricity in a 500 MW power plant […]
DNO International announced today that it has commenced extensive testing of the Tawke-23 exploration well in the Kurdistan region of Iraq. The well is the second horizontal well drilled by the Company in the Tawke field and has encountered continuous oil shows within a 930 metre horizontal section in the main Cretaceous reservoir. The test […]
The United States Kurdistan Business Council (USKBC) this week heard about the latest political and economic developments in the Kurdistan Region of Iraq from a Kurdistan Regional Government (KRG) ministerial-level delegation. Minister Falah Mustafa Bakir, Head of the KRG Department of Foreign Relations, and Bayan Sami Abdul Rahman, the KRG’s High Representative to the United […]
At a meeting in Erbil today, the oil and gas companies operating in the Kurdistan Region and leading figures from the oil services sector pledged to provide emergency relief to the large number of displaced people who have flooded into the Region in recent weeks. Dr Ashti Hawrami, the Kurdistan Regional Government’s (KRG) Minister of […]
By John Lee. Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) told Reuters on Wednesday that Baghdad signed a deal with BP "about 10 days ago" to revive the northern Kirkuk oilfield. The agreement allows BP to negotiate access to significant reserves in the north in return for helping Baghdad arrest a huge decline in output […]
Minister Falah Mustafa, Head of the KRG's Department of Foreign Relations, has signed an agreement with the US Consul General in Erbil, Mr Joseph Pennington, paving the way for the construction of the US Consulate General. Minister Mustafa signed on behalf of the KRG and expressed his belief that this agreement would strengthen the already […]
Petroceltic International, the independent oil and gas exploration development and production company focused on the Middle East North Africa, the Mediterranean and the Black Sea regions, today announces its results for the six month period ended 30 June 2013. Highlights: High impact drilling campaigns in Kurdistan and Romania recently commenced $500 million debt refinancing Agreement […]
Prime Minister Nechirvan Barzani (pictured) has opened the Kurdistan Careers job fair and launched Kurdistan Works, an employment and training information website provided by the Kurdistan Regional Government to promote recruitment to the private sector. Mr Barzani said: "Today I believe we take a modest step, a simple step, but a necessary step. This job […]
