The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. In a statement to the Abu Dhabi Stock Exchange, Dana Gas has announced that Pearl Petroleum has commenced arbitration proceedings against Canadian company Enerflex, the EPC contractor of the KM 250 project. The arbitration relates to the termination of Enerflex's contract for the Khor Mor Gas Expansion Project, due to alleged performance […]
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
By John Lee. Lufthansa has announced the resumption of flights to Erbil and Amman from Tuesday 27th August. Flights to these destinations, and to Beirut, Tel Aviv and Tehran, had been suspended due to what the German airline described as "exceptional circumstances in the region." Flights to Beirut, Tel Aviv and Tehran, remain suspended, while […]
By John Lee. Pearl Petroleum terminated Enerflex's contract for the Khor Mor Gas Expansion Project due to alleged performance issues and project delays. Enerflex disputes the termination, citing a deadly drone attack near the project site and invoking force majeure due to safety concerns. A significant dispute has emerged between Pearl Petroleum, developer of the […]
The United Nations Development Programme (UNDP) has released the Trial Monitoring Report on grand corruption cases across the Kurdistan Region of Iraq, marking a significant milestone in curbing corruption in Iraq. The report highlights substantial progress by the Kurdistan Regional Government (KRG) in combating corruption and offers deep insights into the region's judicial proceedings through […]
By John Lee. DNO has announced that it has increased spending in Iraqi Kurdistan during the second quarter of 2024, to optimize production from existing wells at the flagship Tawke license (DNO 75 percent and operator), "raising gross output from the Tawke and Peshkabir fields to an average of 83,500 boepd in the first half […]
By John Lee. The Kurdistan Regional Government (KRG) has said it has implemented a strategic plan to revive suspended water projects. Total number of dams in the Kurdistan Region: 34 Completed dams: 23 Dams under construction: 11 Six dams completed since 2019: Chamrga Khans Dewana Turajar Akwban Shawger Expected completion by end of 2024: Gomaspan […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil to shut down over 100 illegal refineries: Governor More than 100 illegal refineries in Erbil province were ordered to shut down on Sunday by the governor; additionally, a deadline was set for legal […]
By John Lee. Erbil-based Prime Water Technology has won a series of contracts with the United Nations Office for Project Services (UNOPS) for the restoration of three boreholes in Sinjar: Lot 1 - Restoration of Al-Qabousiyah borehole: Contract value $225,063; Lot 2 - Restoration of Beir Shireen borehole: Contract value $307,389; Lot 3 - Restoration […]
By John Lee. The Kurdistan Regional Government (KRG) has signed a memorandum of understanding (MoU) with the Qatar Foundation, aimed at supporting and enhancing youth skills and training. The agreement was signed at an event to mark the graduation of 4,200 young participants from the inaugural training course in the Kurdistan Region. During the ceremony, […]
By Marina Ottaway, for The Wilson Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and the Demise of Federalism A major legacy of the US occupation of Iraq was the introduction of federalism, a first for the entire region. Federalism has been […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's first lady blasts Turkey's assault against PKK in Kurdistan Region The first lady's own family history and the upcoming parliamentary elections are likely behind her decision to speak […]
