The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Prime Minister Barham Salih will hand over to former Prime Minister Nechirvan Barzani in a reshuffle of the Kurdistan Regional Government cabinet. The move is part of the strategic alliance between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) which are in a coalition government. Under the agreement, Dr Salih was […]
Gulf Keystone has issued an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 […]
A member of the Dutch parliament, Van Bommel who is currently in Kurdistan Region on an official visit, said that the Netherlands is willing to increase its representation in the semi-autonomous region. During a meeting with President of the Kurdistan Region, Massoud Barzani, he said that the goal of his visit to Kurdistan is to […]
AKnews reports that the Kurdistan-Turkey economic forum kicked off on Wednesday in the Saad Abdulla Convention Hall in Erbil. Abdul-Khaleq Mohammed, press secretary for Kurdistan's Foreign Relations Office, told AKnews that the Turkish Trade Minister Zafer Çağlayan arrived in Erbil last night, at the head of a 175-strong delegation of 25 government officials and 150 […]
Genel Energy announced on Monday morning that it has taken a step forward in its strategy to consolidate its position as a leading oil and gas player in the Kurdistan Region of Iraq by becoming the government's sole Contractor in the Chia Surkh exploration block. The Company said today that it is to increase its […]
Following a significant upgrade in the gross reserves of the Tawke oilfield in the Kurdistan Region of Iraq, Genel Energy plc today announced that it is to embark along with its partners, on a plant and pipeline upgrade which will significantly increase the production capacity of the field. The London-listed Anglo-Turkish company said that the […]
Gulf Keystone provided an update on Monday morning on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value […]
The Sunday Times reports that Genel Energy Plc will announce a deal this week to buy a 40 percent share in Longford Energy's Chia Surkh oil field in northern Iraq. According to the report, the deal would be worth $70 million, and Genel, run by the former CEO of BP, Tony Hayward, declined to comment. […]
Authorities in Iraqi Kurdistan are planning to build 12 dams in the semi-autonomous region in an attempt to save about 20 billion cubic meters of water per year, according to a report from AKnews. Currently, there are three main dams in the Kurdistan Region, two in Sulaimaniya province, and one in Duhok province, but these […]
More than 40,000 tourists entered Iraqi Kurdistan Region for the New Year celebrations, roughly four times as many as the previous record, AKnews reports. The press secretary for the Kurdistan General Tourism Board, Nadr Rosti, told the news agency that in 2011 more than 10,000 tourists visited Kurdistan during the New Year. But in the […]
The Netherlands’ Deputy Head of Mission to Iraq, Mr Lars Tummers, today announced that the Dutch government has decided to station a diplomat in the Kurdistan Region. In his meeting with the Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa, Deputy Tummers said that the Dutch Foreign Ministry has decided to upgrade its […]
In an effort to enhance cooperation and trade relations with the Kurdistan Region, the Swedish Minister of Health and Social Affairs, Mr Göran Hägglund, visited the region with a business delegation this week. During his visit, Sweden announced that it will upgrade its diplomatic presence from an honorary consulate to an Embassy Office. The visit […]
