The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Representatives of 20 Swedish companies met a group of businessmen from the Kurdistan region on Monday to discuss investment opportunities in the region. The meeting was organized by the Iraqi businessmen association in Kurdistan. “The meeting is a first step in learning about the Swedish companies and their experience,” Sardar Hassan, the association’s secretary general, […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company operating in Iraqi Kurdistan, fell by 20% in early trading on Tuesday, following an update on the company's operations at the Sangaw North block, in which it has a 53.33% working interest. The Sangaw North-1 exploration well has been drilled […]
The media secretary at the Kurdistan Regional Government's Ministry for Tourism said on Saturday that nearly 37,000 tourists visited Kurdistan during Eid al-Adha. Kan'an Baha'addin told AKnews during the four days of the Eid 15,000 tourists visited Erbil province, 13,000 Dohuk, and 8,500 Sulaimaniya. Eid al-Adha is an Islamic celebration that takes place at the […]
Aiming at helping the regional government of Kurdistan to develop its technological sector, a leading delegation from the Microsoft Corporation made its first visit to the capital Erbil on Sunday. The visit was made possible by an invitation by the two-year old Department of Technology of the Kurdistan Regional Government (KRG) that has set a […]
Shares in Heritage Oil Plc (LSE: HOIL), the independent upstream exploration and production company with operation in Iraqi Kurdistan, were up more than 5% this morning after the company issued an Interim Management Statement for the periond July 2010 to 17 November 2010. Highlights The Miran West-2 well, in the Kurdistan Region of Iraq, has […]
Prime Minister of the Kurdistan Region, Barham Salih, visited major investment projects that are underway in Sulaymaniyah, the most populous city in the region. At a foundation stone-laying ceremony for Majidi Mall, a major retail building project, prime minister Salih said that direct investment in the Kurdistan Region has surpassed US$13bn. Investment won't stop there: […]
Shares in Vast Exploration jumped 16% on Friday after giving the following update on its operations in Kurdistan: - The Qara Dagh -1 well was spud on 12 May 2010 with a planned total depth of 3,600 to 4,000 meters. - As previously reported, the well encountered a 64 meter thick Aalijii zone, potentially containing […]
Bloomberg reports that DNO International ASA, the Norwegian Oil company with operations in Iraqi Kurdistan, regards the formation of a new government in Iraq as an “important milestone” in paving the way for the resumption of oil exports from the Kurdish region. “Getting a government in place is a necessary step for this process to […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ended 30th September 2010. In the Kurdistan Region of Iraq, Dana Gas, through its 40% share, produced 1.2 million boe of gas and condensate during the quarter, an increase of approximately 72% over the […]
The Prime Minister of the Kurdistan Regional Government, Barham Ahmed Salih [Barham Saleh], laid the cornerstone of the second largest shopping complex in Kurdistan. The ceremony in the city of Sulaimaniyah city underlined the region's growing economic power. The complex will be built by the Kurdish investment group, Hiwa [Hewa], owned by Ahmed Majidi, who […]
The sky's the limit for new business opportunities, partnerships & business ventures says the organiser of the inaugural Iraq Airport Expansion, Cargo Logistics Conference and Exhibition which takes place from April 6-7, 2011, in the northern city of Erbil, Kurdistan. The event has been designed to provide a gateway for companies in the aviation, airports, […]
Bijeel-1 Discovery Well Update Gulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest. Highlights: The cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic […]
