The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Iraq's, Deputy Prime Minister for Economic and Industrial Affairs, Dr Rowsh N Shaways, told Reuters on Tuesday that Baghdad's Finance Ministry has begun payment of an initial $650 million to Iraqi Kurdistan for oil companies working in the region. Erbil and Baghdad agreed last month to draw a line under a dispute […]
Kurds in Iraq are growing restless and impatient over the violence and open political rivalries in Baghdad, between Shias and Sunnis. Iraq's autonomous Kurdish region of four million is a haven of relative stability and prosperity and what's more has its own oil riches to exploit. HARDtalk’s Zeinab Badawi speaks to Ashti Hawrami (pictured). For […]
By John Lee. Prime Minister Nechirvan Barzani welcomed the Netherlands' new Ambassador to Iraq, Mr Harry Molenaar (pictured), recently, discussing the growing relationship between their governments. Ambassador Molenaar highlighted the importance of the new Dutch Embassy Liaison Office in Erbil, which is planned to officially open in November. Prime Minister Barzani congratulated Ambassador Molenaar on […]
By John Lee. According to a statement on Wednesday from the office of Deputy Prime Minister for Energy, Hussain al-Shahristani, Shell has denied starting talks on possible energy deals with Iraqi Kurdistan. "We don't have any discussions with the Kurdish regional government about working in the region," Shell's vice-president Hans Nijkamp is reported to have […]
Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]
By John Lee. Air Arabia is to launch services to Erbil from 14th October, according to a report from Arabian Aerospace. The company will offer four weekly services between Sharjah and Erbil: On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport at 07:00 and arrive in Erbil International Airport at 09:00. Return flights […]
By John Lee. Reuters reports that the Kurdistan Regional Government (KRG) expects an initial payment of 1 trillion dinars ($858 million) from Baghdad to clear next week after the two sides settled their dispute over payments to oil producers. "By 2015, we are looking at 1 million barrels per day. We're on track, regardless of […]
By John Lee. A delegation from the Kurdistan Regional Government (KRG) took part in the 22nd Economic Forum held in Poland earlier this month. The delegation included the KRG Minister of Planning, Dr Ali Sindi, the Chairman of the Kurdistan Board of Investment, Minister Herish Muharam, and the KRG representative to Poland, Mr Ziyad Raoof. […]
By John Lee. The United States-Kurdistan Business Council (USKBC) board members received a private briefing from senior Iraqi Kurdish officials about economic development in the Kurdistan Region and the political situation in Iraq. The briefing, chaired by USKBC CEO, General James Jones (USMC-Ret), was with Dr. Fuad Hussein, Chief of Staff to Kurdistan Region of […]
A new age is dawning over oil in Iraq, as this week sees several important steps made towards agreement between two powerful political centers. Kurdistan, the semi-autonomous territory in Iraq, has agreed to keep exports steady at 140,000bpd and then raise them to 200,000bpd by the end of the year, according to Reuters. We wrote this […]
The central government of Iraq has agreed to pay the oil companies operating in Kurdistan, the northern, semi-autonomous region of Iraq, and to raise oil production to 200,000 barrels per day. The official Iraqiya TV station announced on Thursday that "A meeting was held between the two Governments to settle the pending issues between both […]
ShaMaran Petroleum Corp has announced results of the Atrush-2 appraisal well (AT-2) drilled 3.1 kilometres to the east and downdip of the Atrush-1 discovery well in the Kurdistan Region of Iraq. The AT-2 well was spudded on 23rd May 2012 and successfully reached the planned total depth of 1750 meters in 49 days. The well […]
