The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Petroceltic International, the Irish-based AIM and ESM listed oil and gas exploration and production company focused on North Africa, the Middle East and the Mediterranean, has announced that, in partnership with Hess Middle East New Ventures, a subsidiary of Hess Corporation, it has executed two Production Sharing Contracts ("PSCs") with the Kurdistan Regional Government of […]
ShaMaran Petroleum has announced that its wholly owned subsidiary ShaMaran Petroleum BV (“ShaMaran BV”) has exercised its option under an Option Agreement signed in July 2009 with the Kurdistan Regional Government (KRG), to enter into a Production Sharing Contract (PSC) in respect of the Taza Block (formerly Block K42) in the Kurdistan Region of Iraq, […]
There was a reduction in overall levels of violence in Iraq last week, making it the quietest week in the country since February. Baghdad actually had the quietest week so far in 2011, which is promising, except that the authorities have warned that the lull is likely to be temporary. It may be the case […]
Egypt’s Consul in Erbil on Wednesday hosted the first ever Egyptian National Day reception in the Kurdistan Region of Iraq. The consulate, which was opened late last year, has paved the way for closer ties in many areas and is working to start Egypt Air flights between Cairo and Erbil in the near future. In […]
A new school funded by the Kuwaiti government was opened in Erbil on Sunday. AKnews reports that the school, which is one of the seven schools that Kuwait plans to construct across Iraq to assist education in the country, was built at a cost of $2.5 million [3 billion Iraqi dinars]. It is located in […]
A new children’s hospital in Kurdistan won a prestigious international design award at a ceremony in Boston on July 9th. The hospital, which was commissioned by the Kurdistan Regional Government, will be the first in Kurdistan dedicated to the treatment of children. The vision for the children’s hospital in Erbil, capital of the Kurdistan Region, […]
Sterling Energy (LSE: SEY) has just issued its half-year results, and its shares were trading up 4% on Friday morning. The results statement included the following information regarding its operations in Iraqi Kurdistan: Prospects and Outlook In the Sangaw North block, onshore Kurdistan, an integrated interpretation of the 2D seismic and the data acquired during […]
KRG.org recently interviewed the KRG Head of the Department of Foreign Relations (DFR), Falah Mustafa Bakir, regarding recent developments and the role of the DFR. KRG.org: How is the Kurdistan Region represented abroad, and is this representation sanctioned by the Iraqi constitution FMB: Yes, our activities through our KRG offices abroad are fully in accordance […]
Levels of violence fell slightly in Iraq last week, but there were still over 60 separate incidents recorded. Given a slight decline in the number of attacks recorded since July AKE has lowered the security risk rating for the country on Global IntAKE. Violence remains concentrated in Baghdad, Mosul and Kirkuk although attacks were […]
President Masoud Barzani thanked the outgoing Dutch Ambassador to Iraq, Peter van Leeuwen, who was on a farewell visit to the Kurdistan Region on Wednesday, for his exceptional contribution to strengthening the friendship between the people of the Kurdistan Region and the Netherlands. During their meeting in Erbil on Wednesday, President Barzani thanked the ambassador […]
Slovenia’s Foreign Minister Samuel Žbogar yesterday on his first visit to Kurdistan and Iraq met President Masoud Barzani and Kurdistan Regional Government ministers. On a two-day visit as part of an official trip to Iraq, Minister Žbogar and President Barzani discussed the current political and economic developments in the Kurdistan Region and Iraq as a […]
Etihad Airways, the national airline of the United Arab Emirates, will double its flights from Abu Dhabi to Erbil at the beginning of September. The current twice-weekly service will increase to four services per week, complementing Etihad's daily operation to its other Iraqi destination, Baghdad. Etihad commenced two-class Airbus A320 operations to Erbil in June […]
