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Economy

Dutch Firm Says Kurdistan Can Build Better and Cheaper Roads

A brand new highway connecting the city of Sulaimani to the Dukan summer resort. Photo: Kurdsat

Better soil may be the solution for more durable roads and highways in Kurdistan, according to a Dutch company that wants to introduce a new technology to the autonomous Iraqi region. Representatives from Netherlands-based Terra Stab met with the Kurdistan Regional Government (KRG) recently to discuss how a new technique, …

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Mol Snaps Five-Day Drop as Iraq Oil Plan Approved

Gulf Keystone shares surged 4.8 percent in London trading today, set for the highest close since June 17. Mol has declined 2.9 percent this quarter, lagging a 3.3 increase for the Bux index.

Mol Nyrt. advanced for the first time in six days after Gulf Keystone Petroleum Ltd. (GKP), the company’s oil exploration partner, got approval for a field development plan in the Kurdistan region of Iraq. Hungary’s largest refiner rose 0.8 percent to 16,230 forint by 1:50 p.m. in Budapest after weakening …

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“Historic Moment” For Gulf Keystone in Oil Production

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

  Gulf Keystone Petroleum (GKP) is now fully permitted to commence production from the Shaikan field in the Kurdistan region of Iraq, “an historic moment in the evolution of the company”. The announcement came on Wednesday as the oil and gas exploration and production company revealed its field development plan (FDP) …

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The KRG Produces 22 Hours of Electricity

The KRG produces 22 hours of electricity.

The Ministry of Electricity of the Kurdistan Regional Government recently announced that it can now produce approximately 22 hours of electricity per day, thanks to increased generation capacity in the autonomous Kurdistan Region and increasing water level in its hydroelectric dams. At the same time, Ministry employees have called for …

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