The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Swedish Ambassador to Iraq, Carl Magnus Nesser, said the Kurdistan Region is very appropriate for investment, according to a report from AKnews. During a visit to the Awamedica pharmaceuticals factory (pictured) in the Kurdistan Region, he said there are many Swedish companies considering investment in Kurdistan. (Source: AKnews)
Today [Monday] the Kurdistan Regional Government (KRG) Prime Minister Barham Salih, following the visit to Erbil of Iraqi Federal Finance Minister Rafie al-Issawi, welcomed the new efforts made by all parties in the federal government on Iraq’s planned oil and gas legislation. “We have had excellent discussions with Finance Minister al-Issawi,” said Prime Minister Salih. […]
Groundstar Resources has announced the following update on the drilling progress of the Qara Dagh - 1 exploration well in Kurdistan, Iraq. Since the last update on January 14, 2011, the well has drilled to 3,558 meters measured depth ("MD"). Over the past several days, a 7 inch liner has been set and cemented at […]
Adnan Al Janabi, the chairman of Iraq's Oil and Energy Committee has said an agreement is likely to be reached in the second half of 2011with Kurdistan on revenues from crude oil exports, Reuters has reported. "The Kurdish authorities requested it for June or July but I think we will miss it. I expect it […]
Overview The past week has seen a slight drop in the number of violent attacks taking place in Iraq. Incidents were concentrated in Baghdad and in the districts west of the capital in Anbar province. Mosul also experienced a significant proportion of attacks, while even Sulaymaniyah in Kurdistan saw incidents of unrest and reported cross-border […]
A high-profile Spanish delegation headed by the Spanish Economic Minister is expected to visit Kurdistan next week to boost relations with the region. The Spanish delegation will be the first such high level visit to Kurdistan Region, according to AKnews. During the several-day visit to Kurdistan, the Spanish delegation is also expected to participate in […]
ShaMaran Petroleum, the Canadian oil and gas company listed on the TSX Venture under the symbol "SNM", has announced that drilling of the Pulkhana-9 appraisal/development well in the Pulkhana oilfield commenced on April 3, 2011. The Company has contracted an alternative drilling rig (Sakson 101) to the originally agreed Sakson PR3 rig as there was […]
The Ministry of Electricity in Iraqi Kurdistan has signed a contract with a Turkish Company to connect electrical power lines between the provinces of Sulaimaniya and Erbil. Kurdistan’s Electricity Minister, Yassin Sheikh Abu-Bakr, has signed a contract on Sunday with the Turkish ‘Shar’ Company to build these lines, adding that the total cost of the […]
The Norwegian ambassador to Iraq said his country intends to open a representative office in Kurdistan soon. The official added his country intends to set vocational training for Iraqis. The step is one of the plans to boost the economic, political and cultural ties with Iraq and the Kurdistan Region, Peter Olberg told AKnews Sunday. […]
Prime Minister Recep Tayyip Erdoğan in a historic visit today became the first Turkish premier to visit the Kurdistan Region. Together with President Masoud Barzani, they officially opened Erbil International Airport (EIA) and Turkey’s Consulate in Erbil. After welcoming Prime Minister Erdoğan and the rest of the distinguished guests, President Barzani said that he was […]
Levels of violence continue to creep up in Iraq. Tuesday’s deadly attack on a government building in Tikrit serves as a reminder that terrorist groups retain the ability to conduct horrific attacks in the country. Otherwise terrorist activity was concentrated in Baghdad and Mosul. The south saw a slight rise in activity but it remains […]
In a move that could increase tensions over water supplies, the Kurdistan region's minister for agriculture has announced that the Region is building 11 dams and plan dozens more. "There are 11 dams now under construction," Jameel Sulaiman told AFP. "We have studies and designs to build 28 more," he added. He said that the […]
