The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. In its financial results and operational highlights for the six-month period ending June 30, […]
Fruit prices plummeted considerably during the summer harvest season in the Kurdistan Region, so much so that the price of harvesting the fruits and transporting them to wholesale markets sometimes outweighs their sale price. In the past, farmers used to dry these fruits and sell them that way to make a profit. But nowadays, 95 […]
Genel Energy has announced its unaudited results for the six months ended 30 June 2019. Bill Higgs (pictured), Chief Executive of Genel, said: "These results demonstrate the continued success of our strategy -highly cash generative productionunderpins capital investment in growth opportunities that deliver rapid returns and enables a compelling cash return to shareholders through our […]
Dana Gas has announced that its share of Pearl Petroleum's collections from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI) rose 74 percent in the first half of 2019. The company, which owns a 35 percent stake in Pearl Petroleum, saw its share of the collections increase to $80.0 […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced what it described as solid first half 2019 financial and operating results as the company continued to deliver the largest drilling program in its 48-year history: "H1 2019 revenue totalled USD 470 million, up 62 percent from the same period last year, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It has been five years since the Islamic State of Iraq and the Levant (ISIL or ISIS) was defeated in the Kurdish region of northern Iraq. The area has been stable since then, […]
Dana Gas has announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company's Khor Mor (pictured) and Chemchemal fields in the Kurdistan Region of Iraq (KRI) have increased by 10 percent following the recent certification of reserves by Gaffney Cline Associates ('GCA'). 2P Reserves Upgrade The independently audited report, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With the economy in Iran suffering from US sanctions, many Iranian Kurds are crossing the border to find work in Kurdish Iraq, a semiautonomous region in the northern part of the neighbouring country. […]
By John Lee. Erbil-based SMB Group has won tender to provide 41 ambulances in Iraq, with three years maintenance, to the United Nations Office for Project Services (UNOPS). The contract is valued at $3,984,972. (Source: UNGM)
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Former government spokesman tapped as KRG foreign relations head Iraq's Kurdistan Regional Government (KRG) has formally announced that Safeen Dizayee, the former spokesman of the KRG, will serve as […]
By John Lee. The Kurdistan Regional Government's long-serving Minister of Natural Resources (MNR), Ashti Hawrami (pictured), is to be appointed to the post of Assistant Prime Minister for Energy Affairs in the new KRG cabinet. According to a report from Rudaw, it is not currently clear whether the move will result in the scrapping of […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Intern, Agency for Technical Cooperation and Development (ACTED) Country Transparency and Compliance Officer, Agency for Technical Cooperation and Development (ACTED) Transparency and Compliance Intern, Agency for Technical Cooperation and Development (ACTED) Country Compliance and Transparency Manager, Agency for Technical Cooperation and […]
