The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. On Thursday, DNO, the Norwegian oil and gas operator, reported a 24-percent increase in revenue to USD 170 million in the third quarter of 2024, with operating profit also higher at USD 31 million, up from an operating loss of USD 3 million in the previous quarter. Regarding operations in the Kurdistan […]
By John Lee. The Iraqi Cabinet has approved an amendment to the Budget Law, compensating the Kurdistan Regional Government (KRG) for production and transportation costs of oil produced in the region and received by the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil. It said the Federal Ministry of Finance will compensate […]
By Dr. Zmkan Ali Saleem, Dr. Hussein Mishbak and Karam Robeil, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's […]
By John Lee. The Kurdistan Democratic Party (KDP) has come first in the parliamentary elections in the semiautonomous Kurdistan region of Iraq, winning 39 of the 100 seats. Turnout was approximately 72 percent. Commentary here from Al Jazeera. Raw data from the Independent High Electoral Commission (IHEC): Erbil Sulaymaniyah Duhok Halabja (Sources: Al Jazeera, IHEC)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan holds regional polls, but change remains elusive After two years of delays, Iraqi Kurdistan has finally held regional legislative elections. The two largest Kurdish parties last cycle again topped the polls, […]
By John Lee. The Kurdistan Democratic Party (KDP) has reportedly won the elections for the Kurdistan parliament, which were held on Sunday. The Union of Kurdistan (PUK), came second, followed by New Generation. Turnout was approximately 72 percent. See summary results here from Rudaw. Commentary here from The National. Raw data from the Independent High […]
By John Lee. Sulaymaniyah-based iQ Networks and Nokia have announced their collaboration to establish a new Dense Wavelength Division Multiplexing (DWDM) wholesale route from the Gulf to Europe. According to a press release: "This strategic route will provide new fiber optic paths, significantly enhancing both latency and diversity while enhancing the capacity and strengthening the […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has issued an update on production, sales volumes and other key information for Q3 2024: Q3 2024 Trading Update and Invitation to Earnings Call Oslo, 14 October 2024 - DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2024 operating and interim […]
Second phase of the PROSPECTS partnership launched in Iraq The Government of Iraq officially launched yesterday the second phase of the PROSPECTS partnership in Iraq, an initiative spearheaded and funded by the Government of the Netherlands. This four-year initiative, with a total investment of USD 46 million, aims to provide comprehensive crticial support to refugees, […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has called for formal tripartite meetings with the Government of Iraq and Kurdistan Regional Government (KRG) officials to immediately restore exports through the Iraq-Türkiye Pipeline. A statement from the Association of the Petroleum Industry of Kurdistan (APIKUR) said: As world leaders […]
By John Lee. Saudi Arabia's Ambassador to Iraq, Abdulaziz Al-Shammari, is quoted as saying that a commercial representation office for Saudi Arabia is being established in Erbil, as part of broader efforts to strengthen trade ties between Saudi Arabia and Iraq. The office will function under the commercial consulate in Baghdad. In a statement to […]
