The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Genel Energy has announced that payments have been received from the Kurdistan Regional Government ('KRG') for its entitlement for oil sales during March 2021. Those payments are made up as follows: (all figures $ million) Payment Tawke 14.3 Taq Taq 2.1 Sarta 3.4 Total 19.8 As announced on 13 May, Genel and other KRI operators […]
Fostering justice to curb corruption in Iraq: €15 million project supports transparency and accountability across state institutions A EUR 15 million initiative aimed at curbing corruption in Iraq and bolstering transparency and public accountability has been launched today in partnership between the European Union Delegation to Iraq, the United Nations Development Programme (UNDP), and Iraqi […]
KRG Prime Minister Masrour Barzani on Tuesday inaugurated the largest and most advanced steel factory in Iraq and the Kurdistan Region which will create 1,000 job opportunities, a flagship project of the Kurdistan Regional Government's ambitious economic reform agenda. At the inaugural ceremony, the Prime Minister affirmed the industrial project is one of many strategic […]
As part of its efforts to transform the Kurdistan Region into a competitive producer, the Kurdistan Regional Government has invested in strategic projects to strengthen and expand the region's agricultural sector and food industry. One of these landmark projects is the Wheat Marketing Project, which Prime Minister Masrour Barzani launched on Nov. 1, 2020 as […]
Iraqi Kurdistan's Authoritarian Turn: Western ally 'Discards idea of Democracy' Writing in the Financial Times, Chloe Cornish says the arrest and conviction of journalists and activists In Iraqi Kurdistan has revived concerns over a government dominated by two clans, the Barzanis and the Talabanis. Click here to read the full article (subscription required)
By John Lee. Shares in oil companies operating in Iraqi Kurdistan have been hit by a change in payment terms imposed by the Kurdistan Regional Government (KRG). Genel Energy, Gulf Keystone Petroleum (GKP) and DNO this morning reported to the markets that they have received letters from the KRG proposing an amendment to payment terms […]
Freedom of expression increasingly curtailed in Kurdistan Region of Iraq - UN report Freedom of expression in the Kurdistan Region of Iraq has been increasingly curtailed over the past year, according to a UN report issued on Wednesday. Critics of public authorities have risked not only intimidation, restrictions on their movements and arbitrary arrests, but […]
By Ahmed Tabaqchali, Hamzeh al-Shadeedi and Sarwar Abdullah, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Breaking the Impasse: The Baghdad-Erbil Budget Divide The annual debate over […]
In response to the Erbil Court of Cassation's recent decision to uphold the six-year jail sentences of Iraqi Kurdish journalists Sherwan Amin Sherwani and Guhdar Zebari, the Committee to Protect Journalists (CPJ) issued the following statement: "With the Erbil Court of Cassation's decision to uphold the six-year jail sentences of journalists Sherwan Amin Sherwani and […]
DNO ASA, the Norwegian oil and gas operator, today reported operating profit of USD 66 million in the first quarter of 2021, following four quarters of losses triggered by market perturbations from the global Covid pandemic. The turnaround was driven by solid production, cost optimization, higher oil prices and regularization of payments from Kurdistan. The […]
Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet […]
By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kataib Hezbollah controls access points to key Iraqi border city Iran-linked armed groups have over the past year tightened and consolidated their grip on a key border area between […]
