The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, received the Netherlands new Consul General to the Kurdistan Region, Mr. Willem Consijn and his accompanying delegation. Consul General Consijn stressed his country’s willingness to strengthen the relations with the Kurdistan Region. Prime Minister Barzani congratulated Consul General Consijn on his new position and wished him success […]
Pursuant to the Kurdistan Regional Government Council of Ministers resolution No.73 (3 February 2016) establishing an independent review of the oil and gas industry, today new verified data on oil exports, consumption and revenues have been published covering the period from 1 July 2017 to 31 December 2017. This is a continuation from the first […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani inaugurated a new power station in Sulaymaniyah. In a speech during the ceremony, Prime Minister Barzani thanked South Korea for helping build the plant, which generates 400 KV electric power. He also said that despite major challenges, the KRG has taken serious steps ahead, and it allocated significant […]
By John Lee. Asiacell boss Faruk Mustafa Rasool (pictured) has announced a $1.6-billion investment in a new tourist city on Kurdistan's Lake Dukan. According to the report from Rudaw, the 3,250-hectare complex will include accomodation, two cable cars, an island, "and many other interesting places”. The Kurdistan Regional Government (KRG) approved the project, which is […]
DNO ASA, the Norwegian oil and gas operator, today announced that a fourth well has been put on production at the Peshkabir field in the Kurdistan region of Iraq pushing total output past the previously published target of 30,000 barrels of oil per day (bopd). The Peshkabir-5 well is currently producing around 8,000 bopd from […]
By John Lee. Rosneft has reportedly sent a delegation to Duhok to discuss starting work on three oilfields next month. According to the report from Rudaw, the state-controlled Russian company will work at three locations: Batle, Zawita, and in Sarsang and Chamanke in Amedi. It is expected to extract 180,000 barrels of oil per day. In […]
KRG Prime Minister Nechirvan Barzani chaired on Wednesday a meeting of the KRG Oil and Gas Council. It was also attended by Deputy Prime Minister Qubad Talabani, relevant ministers, governors, supervisors of local administrations, and representatives of the Integrity Commission, Board of Supreme Audit, the Attorney General’s Office, and Security (Assayish). The Ministry of Natural […]
KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers […]
On August 10th, ten of Iraq’s best seed-stage startups will compete in Erbil to represent the country at the Seedstars Summit in Switzerland and win up to USD 1 million in equity investments and other prizes. The first Seedstars competition in Erbil is marked by the excitement and commitment of Seedstars and its partners in […]
DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 25,000 barrels of oil per day (bopd) following completion of the Peshkabir-4 well testing program. The well has been placed on production at a rate […]
The United Nations Development Programme (UNDP) and Erbil Governorate have launched eight infrastructure projects to improve services that are fundamental to daily life, such as electricity, water, roads, and sewerage, for over 284,000 people across the Governorate of Erbil. With the continuous support from the Government of Germany, UNDP’s Iraq Crisis Response and Resilience Programme […]
By John Lee. Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June. The company added that the capacity to process […]
