The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Hayman Hassan. The Iraqi Kurdish authorities owe many state employees months in back pay. The citizens of Iraqi Kurdistan owe the government a variety of fees. But right now, […]
DNO ASA, the Norwegian oil and gas operator, today released its 2017 Annual Report and Accounts together with its 2017 Annual Statement of Reserves and Resources and reported improvements across key financial and operational metrics. Annual 2017 revenues climbed to USD 347 million, up 72 percent from year earlier levels. Operating profit totaled USD 521 […]
By John Lee. Prime Minister Haider Al-Abadi has announced the reopening of Erbil and Sulaimaniyah airports to international flights. In a statement, he said he signed the decree "following the response of the local authorities in the Kurdistan region to restore the federal authority to the two airports in accordance with the constitution, in order […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Histyar Qader. One might assume that the long-stalled Kurdish parliament would have other things to talk about: One of the most pressing issues up for debate revolves around banning […]
A Kurdistan 24 press quoted Talar Faiq, the Director-General of Erbil International Airport (EIA) as saying that the KRG could suspend domestic flights between the Kurdistan Region’s airports and the rest of Iraq due to financial issues and Baghdad’s international flight ban. “Since the Iraqi government’s ban went into effect late September 2017, Iraqi Airways […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Narim Rostam. Over the past few years, Kurdish publishing houses have been finding it increasingly difficult to make a living. Even some of the best known are closing down […]
By John Lee. Daily Sabah reports that Iraq has extended its ban on international flights to Iraqi Kurdistan by three months. The Iraq Civil Aviation Authority (ICAA) reportedly told Erbil International Airport (EIA) that the ban on international flights to and from Erbil and Sulaymaniyah airports has been extended to the end of May. (Source: […]
By John Lee. A new report for the Atlantic Council argues that gas, being less politically fraught than oil, has the potential to serve as a key area of cooperation between Baghdad and Erbil and could help improve the reliability of electricity supply. In Shaping Iraq's Oil and Gas Future, Ellen Scholl recommends that: Baghdad […]
By John Lee. Chevron has reportedly announced that it had resumed drilling operations at the Sarta-3 well in Iraqi Kurdistan. The US company temporarily suspended operations in October following the controversial independence referendum, which increased tensions between Baghdad and Erbil. According to Kurdistan 24, it currently operates and holds an 80-percent contractor interest in two […]
Kirkuk Governorate Council has reportedly filed a complaint at the Iraqi Supreme Court against the federal government for taking unilateral steps on the governorate's oil. A press report on February 19 cited three moves that it said Baghdad has taken without consultation with local government: An agreement with British Petroleum (BP) to develop Kirkuk oil […]
By John Lee. A sharp fall in the value of the Iranian rial has reportedly reduced the price of Iranian goods in the Kurdistan Region of Iraq by 30 percent, boosting demand. According to Rudaw, trade between the Kurdistan Region and Iran amounted to $6 billion in 2016, falling to around $5.05 billion in 2017. […]
By John Lee. A new section of Erbil's largest road was reportedly opened on Monday. The five-kilometer stretch of the "120 Meter Road" will alleviate heavy traffic on the Erbil-Pirmam and Erbil-Koya roads, according to a report from Rudaw. The Hemn Group has pledged to finish the next phase of the project near the Kirkuk road […]
