The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) today issued a statement denying a report that it is selling cut-price oil. It described a story by Bloomberg news agency on 19 June about KRG oil as being…
Month: June 2014
Iraq heading for digital banking revolution, MEED conference told
The Central Bank of Iraq is pressing ahead with a far-reaching programme of reforms that will help the banking industry play a far greater role in financing trade and investment in Iraq, the MEED Kurdistan Projects conference in Erbil was…
Iraqi Kurdistan ranks above most ME countries in peace, stability, politics, business and quality of life
A report by the UK’s Economist Intelligence Unit (EIU) ranks Iraqi Kurdistan above most Middle East nations in terms of peace, stability, the political and business environment, quality of life and human development, senior advisor to the prime minister of…
MEED Kurdistan Projects conference told Iraqi Kurdistan oil output ready for take-off
The long-awaited boom in Iraqi Kurdistan oil production has begun and will reach an initial climax at the end of 2015 when export capacity is forecast to hit 1m barrels a day (b/d), the MEED Kurdistan Projects conference was told…
Erbil Stock Exchange to open in third quarter and aims to list 10 by year-end, MEED meet told
The Erbil Stock Exchange, the first equities market in Iraqi Kurdistan, is due to open in the third quarter of 2014 and hopes to have 10-15 companies listed by the end of the year, Erbil Stock Exchange chairman Abdullah Abdulraheem…
MEED conference told that power demand in KRG region forecast to rise to 10GW in 2023
Rapid economic and population growth in Iraqi Kurdistan will lift annual peak power demand to 10,000MW in 2023 according to a new report completed for the Kurdistan Regional Government (KRG), the MEED Kurdistan Projects conference in Erbil was told this…
Iraqi Kurdistan water projects are delayed because of Baghdad budget dispute
Financial problems caused by cuts in budgetary transfers to the Kurdistan Regional Government (KRG) from central government are affecting the delivery of nine major water projects in Iraqi Kurdistan with an aggregate value of $2.7bn, the MEED Kurdistan Projects conference…
MEED conference told KRG aims for electricity capacity of at least 6GW by start of 2016
The electricity generation capacity in Iraqi Kurdistan should grow by at least one quarter by the start of 2016 to meet soaring demand in the region, the MEED Kurdistan Projects conference in Erbil was told today. “We are striving to…
MEED conference told central government owes the KRG $7bn
Overdue budgetary payments to the Kurdistan Regional Government (KRG) from Iraq’s central government are now worth $7bn, the KRG minister and head of the KRG media and information department Safeen Dizayee told the MEED Kurdistan Projects conference in Erbil this…
MEED conference told seven PPP dams for Iraqi Kurdistan to be finalised by end-2014
The Kurdistan Regional Government (KRG) aims to finalise agreements by the end of 2014 for a total of seven dam and reservoir projects with a total value of $4bn to be built in 12-year public-private partnership (PPP) deals, the MEED…