The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The U.S.-Kurdistan Business Council (USKBC), a trade group of U.S. companies investing in the Kurdistan Region of Iraq, named former U.S. National Security Advisor General James Jones (USMC-Ret) as the council's CEO last week during a reception honoring President of the Kurdistan Region Masoud Barzani. "General Jones is exceptionally knowledgeable about Kurdistan and about the […]
Sweden’s Minister of Trade and Ambassador to Iraq today, 18 April, concluded a three day visit to Kurdistan to officially open an Embassy Section Office and a Swedish Trade Council Office in the Region’s capital Erbil. At the ribbon cutting ceremony for the new offices this morning Sweden’s Minister of Trade Ms Ewa Björling said, […]
Exxon Mobil has told Baghdad it will not break ground on its oil blocs in Iraqi Kurdistan until the central government in Baghdad approves the contracts, Deputy Prime Minister for Energy, Hussain al-Shahristani, said said on Wednesday. Shahristani has indicated many times that such approval was unlikely to be granted. Baghdad has threatened to exclude Exxon […]
Shares in Afren jumped more than 10% in early trading, before falling back slightly, following the company's announcement that the high impact Simrit-2 exploration well, located on the Ain Sifni PSC in the Kurdistan region of Iraq, has discovered a significant oil accumulation based on the results of drilling, wireline logs and sidewall core sampling. […]
AKnews reports that Sweden is planning to open trade offices in Erbil, as well as an institute to help Iraqis address unemployment, in an attempt to broaden trade relations with both the region and Iraq. The announcement came in a press conference for the Swedish Trade Minister Eva Björling who is in Erbil on a visit. […]
Malcolm Graham-Wood of VSA Capital answers some questions for investors in Kurdistan-focused oil companies:
Inaugural speech by KRG Prime Minister Nechirvan Barzani, at the swearing in of the seventh KRG cabinet, Kurdistan Parliament, Erbil, 5 April 2012. Your Excellency the Speaker of the Kurdistan parliament, your Excellency Vice President of the Kurdistan Region, Excellencies Members of the Kurdistan Parliament, dear audience, We are glad that we are present today […]
DNO International ASA, the Norwegian oil and gas company, announced today that it has completed drilling of the Peshkabir-1 exploration well in the Kurdistan Region of Iraq and is preparing to test observed oil shows across three potentially producing intervals. Full and sidewall cores suggest a continuous hydrodynamic column within the Cretaceous interval and the […]
Kurdistan Region President Masoud Barzani, during a three day visit to Budapest this week, met Hungary's President, Prime Minister, Foreign Minister and Economic Minister on an official visit to promote bilateral relations and cooperation. President Barzani and the Hungarian Prime Minister Viktor Orban discussed ways to develop cooperation and investment opportunities in a number of […]
Levels of violence rose in Iraq last week. Security measures were gradually relaxed following the conclusion of the Arab League Summit which appeared to grant militants slightly more opportunity to conduct attacks. At least 29 people were killed and 19 injured in nationwide incidents. Tactics A total of 20 bomb attacks left 10 people dead […]
Last week (4-5 April) The Rt Hon David Willetts MP – UK Minister for Universities and Science – visited Erbil in the Kurdistan Region of Iraq and brought with him a delegation of 12 senior representatives from UK Higher and Further Education. The delegation included three University Vice Chancellors and the Chief Executive of the […]
The President of the Kurdistan Region of Iraq Masoud Barzani was officially received by President Obama and Vice President Biden at the White House on Thursday. During their talks, both sides emphasized the necessity of a prolonged and deepened relationship between the United States and the Kurdistan Region within the framework of a democratic, pluralistic […]
