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Economics

Kurdistan Economy Proves Draw For UAE Brits

To match Feature IRAQ-KURDISTAN/INVESTMENT

Kurdistan’s sustained stability and economic growth is attracting British businesses that are headquartered in the UAE, says the British Business Group Dubai and Northern Emirates (BBG). UK Trade and Investment (UKTI) figures from the past three years show the semi-autonomous region has attracted almost $22bn worth of investments from abroad, …

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Oil Pipeline From Kurdistan Makes Gulf Keystone Target

The oil rig site of Gulf Keystone in Sheikhan which has proven to be one of the largest oil fields in Iraq.

The American chief executive officer of Gulf Keystone Petroleum Ltd. (GKP) has dealt with angry shareholders, an ex-business partner’s lawsuit and byzantine politics for six years pursuing billions of barrels of crude in the northern Iraqi region. Now, his $2.5 billion exploration venture is a being called a takeover target as the …

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Kurdistan Denies Exporting Crude Oil Through Iran

In this June 22, 2008, file photo, Iraqi police officers protecting oil installations secure an oil pipeline from the Rumailah refinery, north of Basra, Iraq. (AP Photo/Nabil al-Jurani)

An official source from the Ministry of Natural Resources in the Kurdish Regional Government denied reports that the Kurdish government is exporting Iraqi crude oil to Asian territories via Iranian territory. The source confirmed that “the quantities that are exported by truck to Iran every day are not crude oil, …

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