The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Reuters reports that Iraq's semi-autonomous Kurdish region of Iraq has agreed with Baghdad to resume oil exports from the start of February, the Kurdish prime minister Barham Salih (pictured) said, taking the two sides closer to resolving bitter disputes over oil and land. Around 40 companies, such as Norway's DNO, have invested in Kurdistan, but […]
In a recent interview on EU's energy security with World Security Network Foundation (WSN), former Austrian Chancellor Dr. Wolfgang Schüssel (pictured) said that Europe should also diversify sources of energy supply by looking, for instance, to the Kurdish Region of Iraq. Europe is heavily dependent on Russia for its energy supply, especially natural gas, which […]
Vast Exploration and Groundstar Resources have issued an update on the drilling progress of the Qara Dagh - 1 Exploration Well. Since the last update on December 13, 2010 the well has been drilled down to 2,522 meters, and over the past several days, an intermediate 9 5/8 inch casing string has been successfully set […]
A delegation of companies from Northern Ireland has just completed its first trade mission to Kurdistan and deemed it an excellent introduction to the region that may lead to business in the future. Seventeen companies from Northern Ireland, which is one of the autonomous regions of the UK, spent five days in Erbil and met […]
On Thursday, two Kurdish higher education officials laid the foundation stone of the College of Education in Chamchamal [Chemchemal], 45 km east of the oil rich Kirkuk, 255 km north of Baghdad. The Kurdistan Region’s minister of higher education and scientific research and the president of Sulaimaniya University jointly laid the stone for the $3.4m […]
A delegation representing 15 companies from the Kurdistan Region went to Poland on Thursday to visit an annual business expo in the country. Salah Khidir, the head of the Polish-Iraqi Commerce and Industry Chamber told AKnews that the three-day expo will start on Jan.14. The Kurdish team seeks to boost ties with the host country’s […]
Overview Levels of violence fell in Iraq last week. Militant activity was concentrated in the central region, although there were also several bombings in Mosul. The majority of explosive devices detonated over the week were small, usually inflicting injuries rather than fatalities. Shootings are currently more of a concern, with the authorities put on high […]
Hotel management company Rotana has announced the opening of its first property in Erbil, Kurdistan, Iraq -- the landmark 5-star Erbil Rotana. Erbil Rotana's strategic location in close proximity to the Ministries district and the Erbil International Exhibition Fair Ground, along with its luxurious accommodation, wide variety of restaurants and meeting facilities makes the hotel […]
Kurdistan Region’s minister of transportation and communication has said Thursday a number of businessmen are in serious talks to build an automobile manufacturing plant in the Region, according to a report from AKnews. Anwar Jabali [Anwar Jabali Sabo] (pictured) did not disclose the names of the people involved, however he stressed the Region has “promising” […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company, fell 10% on Thursday morning following an update on operations at its Sangaw North block (53.33% working interest) in Kurdistan. Since the last update on 23 November 2010, operations have been conducted to remove the hydrocarbon gas, containing approximately 0.5% […]
Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
The Kurdistan Region’s director for electric power generation said a new 125MW electricity power plant will get underway in Dohuk province in the next few days. Diyar Baban told AKnews that he expects it to “considerably” reduce the Region’s power deficiency. Kurdistan demands 2,200 MW whereas currently all its plants can output nearly half of […]
