By John Lee. ShaMaran Petroleum has announce that the Atrush block in Iraqi Kurdistan has surpassed the cumulative oil production milestone of 50 million barrels since its first oil in July 2017. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented: “This significant operational achievement is noteworthy as the production milestone has been… Read More
Kurdistan News
KRG “Bans Tomato Imports from rest of Iraq”
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan’s unemployed youth blame the government The Kurdistan Regional Government (KRG) has banned imports of tomatoes from Iraq, following protest from farmers because of the low price of their fruit. Click here to read… Read More
Sustainable Energy Solutions: New Projects Launched
Supporting Iraq’s Local Economic Development through Sustainable Energy Solutions – New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil, Sulaymaniyah, and Duhok. The projects, which were designed by the… Read More
“$4bn” Invested in Construction Materials in Kurdistan
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source:… Read More
Khor Mor gets $250m Financing from DFC
Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI). DFC is the development… Read More
KRG approves Agricultural Projects Oversight Bill
By John Lee. The Kurdistan Regional Government’s Council of Ministers approved on Wednesday the Agricultural Projects Oversight Bill. According to a statement from the KRG, the bill will play a significant role in creating new jobs for recent graduates, notably from agricultural colleges and institutes. (Source: KRG)
KRG issues Investment Guide with New Opportunities
By John Lee. The Kurdistan Regional Government (KRG) has issued a new 77-page guide for investors in the region. It lists opportunities in many sectors of the economy, along with useful data and background information. Click here to download the full report. (Source: KRG)
GKP Shares Rally on Half-Year Results
By John Lee. Shares in Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq, were trading 12 percent higher today after the company announced its results for the half year ended 30 June 2021. Jon Harris (pictured), Gulf Keystone’s Chief Executive Officer, said: “I am pleased to report… Read More
KRG to tackle Cost of Bread
By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term… Read More
Video: Wells Dry Up across Sulaymaniya
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Springs, wells dry up across Sulaimani province Springs and wells are drying up across Sulaymaniya province. Locals say it’s a disaster unlike anything they’ve seen before. Click here to view the video.