The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has assured the region's partners in the oil and gas sector that the KRG "remains committed" to the contracts that have been signed with energy companies. Masrour Barzani told the Global Energy Forum 2022 that the contracts are "in line with our oil […]
Consultation workshop on the Commercial Arbitration Bill and the New York Convention to implement its mechanisms paving economic growth in Iraq As Iraq acceded recently to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which entered into force on 9 February 2022, UNDP in partnership with the European Union (EU) […]
Genel Energy has announced its audited results for the year ended 31 December 2021. Bill Higgs, Chief Executive of Genel, said: "Our strategy and business model remain focused on cash generation. Prior to the invasion of Ukraine and the associated increase in the oil price, we were well positioned for our free cash flow to […]
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. Iran's Cross-Border Strikes: A Pattern in Search of a Policy The latest strike on Iraq points to a brazen, illegal, and dangerous strategy of exercising […]
By John Lee. Iran's Islamic Revolutionary Guards Corp (IRGC) has claimed responsibility for a missile attack early on Sunday near the US consulate in Erbil. Among the buildings damaged were the offices of the Kurdistan24 news agency. No injuries were reported, which Iran said was retaliation for an Israeli strike in Syria that killed two […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In pursuit of gas, will Turkey choose Erbil over Baghdad? Iraq's federal supreme court last month ruled that a 2007 law allowing the Kurdistan Regional Government (KRG) to manage oil and natural gas […]
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. Iran missile attack on Erbil goes beyond retaliation for IRGC deaths The attack early Sunday could also be related to both the now stalled Iran nuclear talks and Iraqi […]
KRG Prime Minister Masrour Barzani on Sunday attended and supervised the Industrial Forum for Developing Market and Job Opportunities in Erbil. In his remarks to the Forum, Prime Minister Barzani noted that development in the Kurdistan Region was to the benefit of all of Iraq, and asked Iraqi politicians not to create obstacles to the […]
Kurdistan Region Economic Council discusses economic situation, rearranging income The Kurdistan Region Economic Council on Saturday held a meeting led by Prime Minister Masrour Barzani and attended by Deputy Prime Minister Qubad Talabani. In the meeting, the Council discussed a report from the committee previously formed by the Council and tasked with overseeing the process […]
With support from the European Union, UNICEF, WFP, and ILO partner with the Kurdistan Regional Government to reform social protection The Ministry of Planning and the Ministry of Labour and Social Affairs of the Kurdistan Regional Government (KRG), the United Nations Children's Fund (UNICEF), the United Nations World Food Programme (WFP), and the International Labour […]
New partnership supports private sector development in Iraq's Kurdistan Region The United Nations Development Programme (UNDP) in Iraq and the Kurdistan Regional Government's Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector by encouraging the growth of micro, small and medium enterprises (MSMEs). The MoU […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced it exited 2021 with 321 million barrels of oil equivalent (MMboe) of net proven and probable (2P) reserves, notwithstanding production of 34 MMboe during the year. The Company's 2P reserves life stood at 9.3 years. Combined with contingent (2C) resources of 189 […]
