The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Shares in ShaMaran Petroleum were down 13% on Monday following the announcement that the company has sold its entire 20% undivided participating interest in the Taza PSC (held by the fully-owned subsidiary ShaMaran Petroleum B.V.) to a subsidiary of Total S.A. for the cash sum of US$ 48 million plus a reimbursement […]
By Zanko Ahmad. 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. Two families in Iraqi Kurdistan seem to reserve all the top political jobs for relatives. Recently the ‘crown princes’ both got new, high level jobs. The […]
By John Lee. The Chinese Ambassador to Iraq, Mr Ni Jian, met with Prime Minister Nechirvan Barzani yesterday to explore ways of strengthening ties with the Kurdistan Region. Ambassador Jian presented his credentials to the Iraqi President last year November, and this is his first visit to Kurdistan. In his meeting with Prime Minister Barzani, […]
By John Lee. The Kurdistan Regional Government Minister of Higher Education and Scientific Research, Dr Ali Saeed, last week met with British ministers and universities to deepen and expand cooperation in the higher education and scientific research sectors. Minister Saeed led a delegation from the Kurdistan Region’s Council of Ministers and Ministry of Higher Education, […]
By John Lee. Iraqi authorities have warned France's Total that it must freeze its energy deal with Iraqi Kurdistan or sell its stake in the Halfaya oilfield, reports Reuters. Faisal Abdullah, a spokesman for Deputy Prime Minister for Energy Hussain al-Shahristani, said: "Iraq has officially asked Total to freeze or cancel its contract with the […]
By John Lee. The Kurdistan Region's Ministry of Trade and Industry has said that import and export trade licences are to be written in both Kurdish and Arabic from now on. Aziz Ibrahim, Director General at the Ministry said: "The region's Ministry of Trade and Industry decided to implement the instruction of Iraq's Ministry of […]
By John Lee. Crescent Petroleum and its partner and affiliate Dana Gas PJSC, have, in their capacity as joint operator of the Kor Mor field, announced that total production in their major gas operations in the Kurdistan Region of Iraq has grown steadily to reach 70,000 barrels of oil equivalent per day, with total investment […]
Control of large parts of Syria's north east is now in the hands of the Democratic Union Party - the main Kurdish party in the region. About 2 million Kurds live in the area, making up 10 per cent of the population. There are also significant Kurdish populations in Turkey and Iraq and more in […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani (pictured), has said that the policy of his government is to achieve self-sufficiency in fuel and electricity generation. He said that the Baghdad government is cutting Kurdistan's share from the fuel produced at the Iraqi refineries. "Therefore, in these two fields […]
By John Lee. Shares in WesternZagros Resources hit a two-and-a-half-year high of Cdn$1.38 on Tuesday after the company announced that it has signed a strategic investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered, private placement, 40,714,286 Common Shares of the Company at Cdn$1.40 per share for gross proceeds […]
Just days after agreeing to re-start oil exports from the Kurdistan region, Ashti Hawrami (pictured), the KRG's Minister of Natural Resources, said the region would halt oil exports at the end of the month if Baghdad does not make all outstanding payments to companies working in the oil sector in the region by that time. […]
By John Lee. The KRG is to form a committee to lay down the mechanism for foreign workers to apply for work in the Kurdistan Region, according to AKnews. Abbas Akram, press secretary for Ministry of Labour and Social Affairs, said the committee is intended to help to secure the rights of the foreign workers […]
