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Ukraine’s Foreign Minister Gryshchenko Kostyantyn on his first visit to the Kurdistan Region met with President Masoud Barzani, Prime Minister Nechirvan Barzani, and government ministers in Erbil.
Mr Kostyantyn came to the Kurdistan Region as part of his visit to Iraq and arrived in Erbil from Baghdad. President Barzani and Foreign Minister Kostyantyn discussed ways of establishing closer relations between the Kurdistan Region and Ukraine.
The President said,
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By John Lee.
The Iraqi Government has reportedly told Gazprom Neft, the oil arm of Russian gas export monopoly Gazprom, to abandon oil deals in Kurdistan or face losing the lucrative Badra oilfield contract.
The field, which is estimated to have reserves of 100 million barrels, is being developed by Gazprom (30%), Korea’s KOGAS (22.5%), Malaysia’s Petronas (15%), Turkey’s TPAO (7.5%), and Iraq (25%).
Faisal Abdullah, a spokesman for Deputy Prime Minister for Energy Hussain Shahristani, confirmed on Friday that a letter had been sent to Gazprom last week warning the company, which acquired interests in two blocks with the Kurdistan Regional Government (KRG) in August.
According to Reuters, Gazprom Neft Chief Operating Officer Alexander Dyukov (pictured) declined to comment. The company reportedly denied freezing contracts in Kurdistan in October.
(Sources: BBC, Reuters)
.reportBy John Lee.
Dubai Chamber of Commerce and Industry is to set up representative office in Iraqi Kurdistan next yea, the chamber’s chairman has announced.
Abdul Rahman Saif Al Ghurair said:
“The new office will help boost the presence of Dubai businesses in the Northern region of Iraq as the country was the second largest destination for Dubai Chamber members’ exports and re-exports accounting for 14 per cent of total goods traded with regional partners during the first half of this year.“The rising profile of Kurdistan’s investment potential can be gauged from the fact that Iraq which ranked 14th on the list of Dubai’s top trading partners in 2008 jumped to 7th position in 2011 with non-oil trade between Dubai and Iraq rising by 60per cent last year in comparison to the year 2008.“Kurdistan constitutes 50 percent of Dubai’s trade with Iraq, he added.
Sinan Celebi
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