The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Iraq's deputy prime minister has said that oil contracts signed by the Kurdistan Regional Government (KRG) must be rewritten, and that recent government payments to international producers in the region in no way validate the contracts, according to a report from Reuters. "The contracts as they stand will have to be presented to the government […]
Levels of violence fell slightly in Iraq over the past week, with incidents concentrated in Baghdad, Mosul, and an arc stretching from Taji in Salah ad-Din province to Ba’qubah in Diyala province. Ta’mim province also saw a scattering of incidents while there was at least one successful attack and one prevented in Basrah province. The […]
Heritage Oil has announced that it has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"): Maximum flow rate achieved from the Upper Cretaceous reservoir was 1,950 bopd, restricted by surface equipment Confirmed gross in-place P50-P90 contingent volumes of 53-75 MMbbls of oil […]
Italy's Minister of Economic Development Paolo Romani this week led a trade delegation representing more than 50 companies to the Kurdistan Region to participate in a high profile business conference. Minister Romani’s visit to Kurdistan was part of a broader trip to Iraq, and was organised to coincide with the Italian-Kurdistan Region Business Forum and […]
Levels of violence fell slightly in Iraq over the past week. There was a rise in the number of small arms attacks, mainly in Baghdad and the neighbouring province of Diyala. There was also a slight rise in the number of indirect fire attacks countrywide, which left two people dead (including a US soldier) and […]
Kurdistan Region President Masoud Barzani met with Austria's President Heinz Fischer on Friday in Vienna to discuss bilateral relations and mutual cooperation. In a very cordial meeting, President Barzani and President Fischer exchanged views on the current political situation in Iraq and in the Kurdistan Region, and the recent political developments in the Middle East. […]
Despite Monday’s deadly attack against a police facility in Anbar province, overall levels of violence declined in Iraq over recent months. At least 676 people were killed between July and September as a result of over 700 separate terrorist and militant attacks. This constituted an improvement from the second quarter of the year (April-June) when […]
Gulf Keystone's Legal and Commercial Director, Tony Peart, said the company is seeking a buyer for its 38 percent holding in Algeria’s HBH project, in addition to selling its 20 percent interest in the Akri Bijeel block in Iraqi Kurdistan. “This is a strategic decision to sell because we want to focus on larger opportunities […]
Poland’s Ambassador to Iraq Mr Stanislaw Smolen met KRG’s Head of Foreign Relations on Wednesday to discuss establishing a Polish representative office in the Kurdistan Region. Minister Falah Mustafa Bakir, the Kurdistan Regional Government’s Head of Foreign Relations, and Ambassador Smolen discussed the Memorandum of Understanding (MOU) that is due to be signed between the […]
Australia’s Ambassador to Iraq Ms Lyndall Sachs visited Erbil this week to exchange views with President Masoud Barzani and Prime Minister Barham Salih on political and economic developments and to discuss increasing economic relations. President Barzani met Ambassador Sachs, who reaffirmed Australia’s full support for a democratic and pluralistic Iraq and commended him on the […]
Levels of violence rose in Iraq for the fourth week in a row last week, with a number of people killed and injured in nationwide attacks. Violence was concentrated in Baghdad, Mosul and the districts surrounding the capital. As warned in last week’s Security Update on Iraq Business News there were several attacks conducted against […]
The Kurdistan Regional Government is for the seventh year running attending the annual conferences of the three main British political parties. This week Bayan Sami Abdul Rahman, the Kurdistan Regional Government's (KRG) Representative to the UK, attended the Liberal Democrats party conference in Birmingham. The Liberal Democrats have been in government for over a year […]
