The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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 […]
MOL Hungarian Oil and Gas Plc. has informed the markets that it has finished the testing of the first well, Bijell-1 in Akri-Bijeel Block in the Kurdistan Region of Iraq. The cased hole test performed in the depth of 3,804 – 3,967 m from Jurassic formations produced 2,700 bbl/d 12-13 °API oil through 40/64” choke. […]
According to a report from Interactive Investor, foreign oil companies operating in Kurdistan have been thrust into the limelight as the race for a new Iraqi Prime Minister gets underway. There are over 25 international oil companies operating in the region, including UK-listed Gulf Keystone Petroleum (LSE: GKP) and Heritage Oil (LSE: HOIL). AIM-listed Gulf […]
The University of Cincinnati is one of only a handful of American universities to be selected for an international partnership to rebuild Iraq’s educational system and its economy. UC President Gregory H. Williams and Salahaddin University-Hawler President Ahmed Anwar Dezaye celebrated the partnership in a formal Nov. 4 partnership-agreement-signing ceremony at the UC Teachers College. […]
