The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
AKnews reports that a Kurdish-Dutch business association has been established in Amsterdam to enhance economic and financial relations between the Kurdistan Region and the Netherlands. Association member Bakir Lashkri said: "The club's function is to help Dutch companies that want to invest in the Kurdistan Region and also to improve relations between the Kurds and […]
The KRG's minister of electricity, Yassen Shekh Abubakir Mawati [Yasin Sheikh Abu Bakir Muhammad Mawati] (pictured), has announced the creation of five hydro-electric and gas power plants in the region: Three hydro-electric power plants at Deraluk-Rashawa Dam, Mandawa-Kopala and Taqtaq; Two gas power plants with 200-megawatt capacity each in Qaladze and Harir. (Source: AKnews)
The Foreign Minister of Poland was joined by Prime Minister Nechirvan Barzani and the Foreign Ministers of Sweden and Bulgaria to officially inaugurate the new Polish consulate office in Erbil today. The plans to establish a presence in the Kurdistan Region were announced last year by Poland’s Ambassador to Iraq, Mr Stanislaw Smolen, and were […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
The foreign ministers of Sweden, Poland and Bulgaria yesterday arrived together in the Kurdistan Region where they met President Masoud Barzani and Prime Minister Nechirvan Barzani to discuss ways to strengthen cooperation and to talk about the latest political developments in Iraq and the ongoing crisis in Syria. President Barzani welcomed the three foreign ministers, […]
The KRG's oil minister, Ashti Hawrami, told CWC‘s Iraq Petroleum 2012 conference in London that crude oil production capacity in the Kurdistan region is 300,000 barrels a day, and is expected to hit 400,000 barrels a day by the end of next year. Production capacity is expected to increase further to 1 million barrels a […]
KRG's Ministry of Agriculture and Water Resources has signed a contract to build a dam in the Qaradakh parish of Sulaimaniya, reports AKnews. The Chami Smora project will cost 6.96 billion IQD (approx. $5.9 million), and the companies Birkar and Zhina Gharib have undertaken to complete it within 820 days. The dam will be 20 meters […]
Heritage Oil has announced that it has commenced drilling the Miran West-4 appraisal well in Kurdistan. Highlights: The Miran West-4 appraisal well has commenced drilling on the Miran Block in Kurdistan This is the fifth well to be drilled on the large Miran field and the fourth on the Western structure. The well is designed […]
In May, Turkey and Iraqi Kurdistan announced they would build pipelines taking oil and gas from Iraq into Turkey, then possibly Europe. But according to this article from NIQASH behind the energy dream, lurks a nightmare of militant Kurdish independence fighters and the spectres of energy giants, Iran and Russia. Any opinions expressed are those […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraq gave a veiled warning to France's Total on Wednesday not to make deals with the KRG without the approval of central government in Baghdad, reports Reuters. Kurdistan said on Tuesday it expects more oil majors to follow Exxon in striking deals in the region; Total has already said that it was interested. Iraqi Deputy […]
Reuters reports that the White House confirmed on Tuesday that President Barack Obama received a request from Iraqi Prime Minister Nouri al-Maliki to intervene to stop ExxonMobil's deal with the Kurdistan region. "We've received the letter but are going to decline comment until we respond to Prime Minister Maliki," said White House spokesman Tommy Vietor. […]
