The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Douglas A. Ollivant for War on the Rocks. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Barzani Goes to Baghdad: Trouble in the Kurdish Oil and Gas Sector A recent Federal Supreme Court decision in Iraq has put a legal stake in the […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Local farmers face difficulties competing with imported goods Local farmers in the Kurdistan Region struggle to make profit with their produce as the markets are flooded with imported goods. Click here to read the […]
By John Lee. Fitch Ratings has assigned the Kurdistan International Islamic Bank (KIIB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's "weak franchise, unstable business model and operations in the highly volatile operating environment of Iraq". More here. (Source: Fitch Ratings)
By John Lee. The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan. It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil […]
By James Jeffrey, Matthew Amitrano and 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. The KRG Turns Thirty: The Future of U.S.-Kurdish Relations in Iraq Three experts evaluate the KRG's oil and gas industry […]
By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]
By Michael Knights, 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. The Necessary U.S. Role in Fixing the Baghdad-Kurdistan Energy Dispute On February 15, 2022, Iraq's Federal Supreme Court ruled that the 2007 oil and gas […]
By John Lee. Dana Gas has said that following the incident on the 22nd of June, two further small rockets landed within the Khor Mor Block in the Kurdistan Region of Iraq on Friday and Saturday, respectively. It says there were no injuries or damage. In a statement to the Abu Dhabi Stock Exchange, the […]
From the Kurdistan Regional Government: Like citizens across the Kurdistan, I have been deeply troubled by the repeated terror attacks on our people and public infrastructure in recent months. The cowards behind the attacks have resorted to terror tactics because they have lost the court of public opinion in the rest of the country. Rather […]
WHO Provides Sulaymaniyah with urgent medical supplies to prepare for and respond to the recent Cholera outbreak The World Health Organization (WHO) dispatched an urgent consignment of medicines and medical supplies to Sulaymaniyah governorate in the (KR-I) to support the Regional Ministry of Health in KR-I step up its response to the sudden cholera outbreak […]
Dana Gas (PJSC) informs the market that, a small rocket landed yesterday afternoon within the Khor Mor block in the Kurdistan Region of Iraq. No damage occurred and production operations continued normally without interruption. Two contractor staff were treated for minor injuries related to the blast but have returned to work. The company is cooperating […]
KRI's anti-corruption agenda strengthened under new agreement with Commission of Integrity The United Nations Development Programme (UNDP) and the Kurdistan Region of Iraq's (KRI) Commission of Integrity (CoI) have today renewed a Memorandum of Understanding (MoU) to strengthen KRI's legislative and strategic anti-corruption frameworks and to enhance, the investigative capacity of it in line with […]
