The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the fourth quarter of 2022. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF. Click here to […]
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tipping Point of the Iraq-KRG Energy Dispute Baghdad's legal wins won't mean much if it mishandles the political end, angers Turkey, and further damages the […]
Dana Gas PJSC has announced its preliminary financial results for the full year ended 31 December 2022: The Company reported net profit of AED 667 million ($182mm) in 2022 as compared to AED 1.16 billion ($317mm) in 2021. Excluding other income and impairments, Dana Gas reported adjusted net profit of AED 718 million ($196mm) as […]
Waste management in Kurdistan is part of the government's duties and a special budget has been devoted to this issue. The Kurdistan Region generates 6900 tons of garbage every day. The cost of collecting and reducing each ton is 50,000 Iraqi dinars (33.82 USD). Mr. Aras Foad director of environmental services at the Ministry of […]
By John Lee. Iraqi Kurdistan's largest fish production project has started in Dohuk, and is reported to be 65-percent complete. According to a statement from the Kurdistan Region Government (KRG), the project's goal is to support domestic needs as well as sending fish products to the rest of Iraq and to Gulf countries. In the […]
Prime Minister of Kurdistan Region Masrour Barzani on Thursday received UK Ambassador to Iraq Mark Bryson Richardson. Latest developments in the Kurdistan Region and the importance of the election's preparation process were among main topics of the discussions. Prime Minister Barzani highlighted the significance of the Kurdish parties' common stand to achieve Kurdistan's constitutional rights. […]
The Kurdistan Region's Directorate General of Antiquities and Heritage in 2022 has signed 47 contracts with universities and foreign organizations to develop and renovate archaeological sites, recording the highest number of agreements in the history of KRG in the related field. The projects, which formed by 33 new agreements and reviving 14 contracts, focus on […]
By John Lee. Singaporean/Swiss-based commodity trader Trafigura has reportedly ended its relationship with the Kurdistan Regional Government (KRG). According to a report from Bloomberg, the decision follows the KRG's refusal to renegotiate the terms of the contract, following a drop in the price of Kurdish oil. KRG Minister Masrour Barzani is also said to have […]
By John Lee. A new industrial zone is to be built in Duhok province. The project consists of five areas and covers an area of 300 dunams [30 hectares; 74 acres], at a cost of more than $ 62 million. Three of the five areas of the project have been completed which include, according to […]
Gulf Keystone Petroleum (GKP) has provided an operational and corporate update today. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2022 was a strong year for GKP, in which we made progress on multiple fronts that will position […]
By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
KRG Prime Minister Masrour Barzani received the United Kingdom's new Consul-General in Erbil, Rosey Cave on Thursday. The Prime Minister congratulated her on her appointment and wished her success in her duties and expressed the Kurdistan Region Government's full support for the new Consul in order to further promote the strong relationship between the UK […]
