The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's prime minister has made a rare visit to the country's self-ruled northern Kurdish region in an attempt to mend ties between the Kurds and the central government in Baghdad. Nouri al-Maliki on […]
Hundreds of Kurdish fighters have arrived in northern Iraq as part of a peace deal with Turkey. The pact, which was signed in March, ended a decades-long conflict that killed about 40,000 people. Al Jazeera's Omar Al Saleh reports from the Iraqi border with Turkey, where he was given access to one of the PKK's […]
Turkish officials are dismayed hearing about US concerns that Turkey’s decision to sign an agreement with ExxonMobil in northern Iraq is perceived as a threat to Iraq’s unity. Noting that it is ExxonMobil, a US company, that is going to do the exploration work in the Iraqi Kurdistan Regional Government's (KRG) area, the Turkish side […]
President Masoud Barzani welcomed a German delegation headed by Mr. Nils Schmid, deputy Prime Minister and Minister of Finance and Economy for the state of Baden-Wurttemberg in his office in Salahadin. Mr. Schmid and the accompanying delegation expressed their support for the Kurdistan Region and were impressed with the amount of development and progress here. […]
The Kurdistan Regional Government’s Representative to Spain, Mr Daban Shadala, made his first visit to Portugal, where he held meetings with officials and private sector representatives. The objective of the visit was to meet with various Portuguese government and private sector entities, to determine points of interest for future cooperation in the areas of education, […]
DNO International ASA, the Norwegian oil and gas company, announced today that oil production from the Tawke field in the Kurdistan Region of Iraq has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades. "We are […]
Bin Shabib & Associates (BSA) LLP recently supported the French Business Council Dubai and Northern Emirates, in hosting a cocktail reception at the Divan hotel in Erbil. The reception was attended by representatives from several French companies looking to invest in Kurdistan, government officials, Regulator of Insurance Authority, the French Embassy, the President of the […]
By John Lee. According to property consultancy Colliers, there is a "clear market opportunity" to develop branded hotel projects in Erbil. Construction Weekly Online reports occupancy rates are increasing, and the construction of a new airport in the city has had a positive effect on the numbers of both business and leisure tourists. The total […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue […]
Shares in Afren have risen more than 5 percent since the publication of its Interim Management Statement on Thursday. In the statement, the company gave the following update on its operations in Iraqi Kurdistan: Barda Rash As part of the phased development of the field, Afren initiated production operations in August 2012 producing its first […]
By John Lee. Turkish prime minister has said that state-owned Turkiye Petrolleri AO (TPAO) is has reached an agreement with the Kurdistan Regional Government (KRG) and ExxonMobil to carry out oil exploration in northern Iraq. Tayyip Erdoğan (pictured) told reporters: "Countries from various parts of the world are taking steps to explore and produce oil in […]
By John Lee. Shares in ShaMaran Petroleum were down as much as 6 percent this morning following the announced of its financial and operating results for the three months ended March 31, 2013. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). Highlights […]
