Iraqi Kurdistan News
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Two deadly car bombings last weekend near Turkey’s border with Syria underscored what Turkish Prime Minister Recep Tayyip Erdogan will be looking for from President Barack Obama in Washington this week: stronger U.S. leadership on Syria’s civil war.
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Genel Energy Plc Chief Executive Officer Tony Hayward, the former head of BP Plc, expects a pipeline transporting oil from Iraqi Kurdistan to the Turkish border to be completed by about the middle of the year.
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Iraqi Kurdistan canceled a 55 billion dirham ($15 billion) real estate project by Damac Properties, the Dubai-based developer, because the company never started work after the global financial crisis, The National reported, citing a Kurdish official.
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For many in the U.S., the 10th anniversary of the invasion of Iraq has been an occasion for settling scores and playing “what-if” games with history. Iraqis don’t have that luxury -- as evidenced by the day’s wave of bombings and assassinations that left at least 50 dead.
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Marathon Oil Corp. signed its first agreements to explore for petroleum in Iraq’s Kurdistan region, acquiring positions in four exploration blocks as the company seeks to boost crude production.
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Afren Plc, a U.K.-based oil and gas company focused on West Africa and Iraq, will expand reserves by 29 percent after increasing its stake in a Nigerian explorer.
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Iraq, after eight years of occupation by American troops, is luring U.S. hotel operators and developers betting on growth from business expansion and an eventual pickup in leisure travel to the war-torn region.
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Abdullah Ocalan, the jailed leader of the militant Kurdish group that has been fighting Turkey’s army for almost 30 years, called for an end to the armed struggle and a political solution to the conflict.
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The United Arab Emirates will double its current investment in Iraq’s semi-autonomous Kurdistan region to $6 billion by 2013, said Abdullah bin Ahmed al-Saleh , director general in the emirates’ Ministry of Foreign Trade.
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