The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Gulf Keystone Petroleum (GKP) has announced the appointment of Jacobus ("Jaap") Huijskes as Non-Executive Chairman effective as of 11 April 2018, immediately following the announcement of the Company's 2017 Full Year Results. Jaap Huijskes, who replaces Keith Lough as Chairman, joined the Board of Gulf Keystone in November 2017 as a Non-Executive Director. Today's […]
The Kurdistan Regional Government (KRG) and Pearl Petroleum have signed an agreement to increase production of gas from the Khor Mor field later this year, to boost much needed electricity generation for the people of the Kurdistan Region and Iraq as a whole. The 10-year gas sales agreement will enable gas production from Khor Mor […]
Genel Energy has announced a return to profit. In its audited results for the year ended 31 December 2017, Murat Özgül (pictured), Chief Executive of Genel, said: "Another year of consistent payments by the KRG and a disciplined capital allocation strategy helped to generate material free cash flow in 2017. This was enhanced in the […]
The United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO), within its program of technical support to civil society organizations in the Kurdistan Region, conducted a “Specialized Training on Preparation of the Shadow Report for Treaty Bodies: the CEDAW Convention” in Sulaimaniyah. Representatives from 21 NGOs in Sulaimaniyah participated in the training, 12 […]
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 […]
