France’s cement maker, Lafarge, has invested $600 million to upgrade production in two Iraqi cement companies.
French cement maker invests $600 million in Iraq
Tag Archives | Kurdistan News
The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Barzani Approves Kurdistan Region’s 2010 Budget
President of Kurdistan region Massoud Barzani ratified on Wednesday the 2010 budget
Pending Oil Issues with Kurdistan to Be Resolved .......soon
All pending oil problems with the Kurdistan region will be resolved soon, the official spokesman for the Iraqi Oil Ministry said.
Tags: Kurdistan News
Iraq, Kurdistan Closer to Solution on Paying Oil Firms
Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet.
Tags: Kurdistan News, Oil Deals
Heritage Oil Deepens Iraqi Kurdistan Drilling
Heritage Oil is to dig its Miran West-2 test well in Kurdistan deeper than originally planned after results proved much less productive than the adjacent test well.
250 Turkish Businessmen to Visit Kurdistan in September
He said that trade exchange between Turkey and Iraq’s Kurdistan hit $9 billion since 2009, adding a free market will be opened on the border point between the two sides.
Kurdistan Ready to Re-Start Oil Exports
Iraq's Kurdistan region is ready to start exporting oil at a rate of 100,000 barrels per day as soon as a new Iraq government is formed, its Natural Resources Minister Ashti Hawrami said today.
Heritage switches to Mid East
Heritage Oil, this month will sell its Ugandan operations for $1.35bn after more than a decade of development work. writes Miles Johnson in the Financial Times The cash will be used to pay investors a special dividend of between 75p and £1 per share, and to delve into fresh projects in Africa and the Middle […]
ArcelorMittal Plans Steel Plant in Kurish Iraq
The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah," a city in […]
Tags: Industry & Trade, Kurdistan News
MOL Makes Discovery in Akri-Bijeel Block in Kurdistan
Hungarian oil and gas group MOL has made a discovery in Akri-Bijeel Block in Kurdistan Region of Iraq. The testing results are promising, it said in a statement on 10 March, Portfolio Hungary reported. According to the official announcement: “Gulf Keystone is pleased to announce that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil […]
Hungary's Kurdistan Well Hits Oil
Hungarian oil and gas group MOL(MOLB.BU) announced on Tuesday that it had discovered oil in the Akri-Bijeel Block in the Kurdistan Region of Iraq where they conduct tests jointly with Gulf Keystone Petroleum, reports Reuters.. MOL,which owns an 80 percent share, said its exploration well tested 3,200 bbl/day oil and also associated gas. It said […]
Kurdistan Postpones Budget
The Kurdistan parliament’s chairmanship decided on Tuesday to postpone discussing the region’s 2010 budget until the end of the coming parliamentary elections. “The parliament decided today (March 2) to resume discussing the 2010 budget after the end of the coming elections,” Ismail Kalali told Aswat al-Iraq news agency. (Aswat Al Iraq)