The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The visit of a delegation representing the Iraqi National Alliance to the Iraqi Kurdistan Region and its meeting with the region’s president, Massoud Barzani (pictured), was largely considered a step toward […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Negotiations between Iraq's central government and Kurdistan's regional government have been described as productive. Officials in the Kurdistan Region have sent a letter to Iraq's ruling National Alliance. The alliance has visited Kurdish […]
By John Lee. Shares in the Anglo-Turkish oil and gas company Genel Energy closed up 6.4 percent on Wednesday after it announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company said the Chia Surkh 10 well […]
By John Lee. The first cargo of Iraqi Kurdistan's crude oil has been sold on the international market, industry sources report. World Bulletin says that the crude, pumped from Genel Energy's Taq Taq oilfield (pictured), was exported by truck to Turkey and sold via tender for loading in April. One trader said the cargo sold […]
Deputy Prime Minister Emad Ahmad Sayfour this week in Madrid met with Spain’s Minister of Foreign Affairs and Cooperation José Manuel García-Margallo. The meeting marked the first official visit by the Deputy Prime Minister to Spain. In their meeting, Deputy Prime Minister Ahmad said: "This is the first Kurdistan Regional Government mission to Spain and […]
The following is a statement by Kurdistan Regional Government on what it describes as "the manipulation of the EITI process": The EITI oil transparency report that inexplicably disappeared In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens […]
By John Lee. AIN has reported that the Prime Minister and the Chairman of the Supreme Investment Council of Kurdistan Region, Nechirvan Barzani (pictured), confirmed the government policy of supporting people on low incomes by granting them housing units. Following a meeting for the Supreme Investment Council, that was attended by the Deputy Chairman Emad […]
By John Lee. Ambassador Gamal Bayoumi (pictured), Secretary General of the Federation of Arab Investors, has said that the Egyptian trade office in Baghdad proposed to open a trade center in Iraqi Kurdistan as soon as possible. According to a report from Aswat al-Iraq, he said the new office will promote Egyptian trade and investment […]
Global Trader reports that British business activity in Iraq is increasing on a monthly basis with process engineering and technology group DPS Global being the latest firm to reveal details of a major new project. The company has started work on the expansion of the Khurmala Dome Field Development (pictured), the northernmost dome of the […]
By John Lee. Austria's OMV, the operator of the Bina Bawi field in the Kurdistan Region of Iraq, has today issued the following press release: An extended well test ("EWT") commenced production from the Bina Bawi-3 well on March 20, 2013. Furthermore the contractor group has submitted a Declaration of Commerciality for the field to […]
By Qassim Khidhir Hamad. 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. In an interview with NIQASH, the representative of the Syrian Kurdish party running Kurdish parts of Syria talks about their contingency plan, for after the […]
By John Lee. The Kurdistan Regional Government has denied that an incident involving HKN Energy in the Kurdish region of Iraq was related to security issues, and said it was instead tied to a labour dispute. In a statement, the KRG also denied media reports that about 120 oil workers were held hostage: "The Kurdistan […]
