The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. WesternZagros Resources has announced the appointment of Mr. William (Bill) Jack to the position of General Manager Kurdistan, to be resident in Iraqi Kurdistan, effective February 1, 2013. This appointment follows the decision by Mr. Ian McIntosh, Vice President, Kurdistan Business Unit, to retire in January 2013 after three years of valuable […]
The UK's Middle East Association (MEA), in partnership with the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 24th February to 1st March 2013, visiting Erbil and Duhok. The Kurdistan region remains one of the MEA’s major success stories. In October we took another large UK trade delegation to the […]
By Padraig O'Hannelly. A year after the withdrawal of US troops, the terrorist attacks in Iraq continue, and the tensions between central government and the Kurdistan Regional Government continue to rise. In the year ahead, we can expect to see further developments in the ongoing battle between Erbil and Baghdad over control of oil contracts […]
Austrian companies in Vienna heard about the investment and trade opportunities in the Kurdistan Region, at the first business lunch to be jointly hosted by the Kurdistan Regional Government Austrian Representation and the Austrian Federal Chamber of Commerce. The guest of honour was Chairman of the Kurdistan Investment Board Minister Herish Muharam, who on the […]
Anbar Investment Commission (AIC) announced today that it is postponing its third annual international conference which was scheduled for December 15-17, 2012 in the city of Erbil, Kurdistan, Iraq. The Commission's Board of Directors met yesterday and decided it would be best to postpone the conference to allow for greater participation and sponsorship. Many companies […]
By John Lee. Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi [Elaibi] said on in Vienna: "In terms of Vitol, they have cancelled the Kurdish amount and they apologised officially ... As for […]
Speech by KRG Prime Minister Nechirvan Barzani to the CWC Kurdistan-Iraq Oil and Gas Conference Excellencies, distinguished guests, ladies and gentleman, welcome to Erbil. Welcome to the Kurdistan Region of Iraq. I am happy to participate with you all today, to listen, to learn about, to discuss and debate the vital issues surrounding the oil […]
By John Lee. Reuters reports that oil exports from Iraqi Kurdistan have halved to around 100,000 bpd in recent days. An Iraqi oil official said on Monday that the Kurdistan Regional Government had told Baghdad's State Oil Marketing Organization (SOMO) that exports were reduced because operators were "facing some technical problems that will take some […]
By John Lee. General Exploration Partners (GEP) has signed a purchase and sale agreement to sell 53.2% of its participating interest in the Atrush Block to Abu Dhabi National Energy Company PJSC (“TAQA”). In conjunction with the sale, Aspect Energy International, LLC will divest itself of any interest in GEP, leaving ShaMaran Ventures B.V. (a […]
By Roman Zagros. 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. Recently tensions between Baghdad and Iraqi Kurdistan have run high, complete with a military stand-off. The crisis seems to have been defused now. But if it […]
By John Lee. Reuters reports that LUKoil, Russian’s biggest non-state oil producer, which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field, has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long insisted it has the sole right to export oil, but LUKoil's Geneva-based trading arm Litasco has […]
Ukraine’s Foreign Minister Gryshchenko Kostyantyn on his first visit to the Kurdistan Region met with President Masoud Barzani, Prime Minister Nechirvan Barzani, and government ministers in Erbil. Mr Kostyantyn came to the Kurdistan Region as part of his visit to Iraq and arrived in Erbil from Baghdad. President Barzani and Foreign Minister Kostyantyn discussed ways […]
