The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Kurdistan Regional Government (KRG) has responded to the statement on Friday by Genel Energy regarding the production-sharing contracts (PSCs) at Bina Bawi and Miran. The KRG strongly denies that it is in repudiatory breach of the PSCs, and denies that Genel is entitled to any compensation. It adds that it will […]
Shares in Genel Energy opened down more than five percent on Friday morning, before recovering some ground, after the company said it will claim compensation from the Kurdistan Regional Government (KRG). It says the claims, which relate to KRG's intention to terminate the Bina Bawi and Miran production sharing contracts (PSCs) are "substantial", and will […]
Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region - Q1 and Q2 of 2021 The KRG has published the reports containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for covering period 1 January 2021 to 30 June 2021. During the first half of 2021, the KRG exported […]
The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, met ten entrepreneurs on Tuesday; the entrepreneurs are building schools in Erbil province. Prime Minister Barzani thanked them for their investment and praised the role of the private sector in the Kurdistan Region. The Premier highlighted the importance of education to the ninth cabinet, […]
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. A New Chance at Kingmaking for Iraqi Kurds With militias on the back foot, the United States should lean on Kurdish and Iraqi leaders to […]
The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, on Saturday met Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). Prime Minister Barzani highlighted the reforms of the ninth cabinet, its bid to diversify the economy and crucially to make the Kurdistan Region a focal point for business. Baroness Nicholson […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraqi Kurds are seeking refuge in Europe The heartbreaking drama of thousands of migrants, many of them Iraqi Kurds, stranded along the Belarusian border with Poland, where they encounter dire conditions in […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fertilizer price hikes affecting Kurdistan Region wheat production: farmers An increase in fertilizer prices has affected wheat production in the Kurdistan Region, farmers told Rudaw on Wednesday. This comes a month after the government […]
More than 400 stranded migrants from Belarus-Poland border brought back to Kurdistan Region A rescue flight from Belarus is set to land at Erbil after 7:00 pm today, returning more than 400 migrants who had been stranded on the Belarus-Poland border. Over 20,000 people attempting to enter Europe through Belarus have been stuck for over […]
By John Lee. Erbil and Baghdad have reportedly reached a deal valued at 10 billion Iraqi dinars ($6.8 million) to sell chicken from Iraqi Kurdistan's Akre district to central and southern Iraq. More here. (Source: Kurdistan 24)
Prime Minister Masrour Barzani on Wednesday launched Erbil's first-ever agriculture fair, for farming and animal products. The fair is supervised by the Iraqi ministry of agriculture and the Kurdistan Region ministry of agriculture and water resources. PM Barzani said the fair is an important step towards developing Iraq's agriculture. "This fair will be a starting […]
DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenues of USD 253 million, a 38 percent quarter-on-quarter increase driven by higher North Sea sales and strengthening commodity prices. The Company's operating profit climbed seven percent to USD 65 million, weighed down by non-cash net impairments of USD 40 million primarily related […]
