Energy

Baghdad Still Owes 141 Billion Dinars for Kurdistan Farmers’ 2025 Wheat

Baghdad still owes 141 billion Iraqi dinars to farmers in the Kurdistan Region for wheat delivered during the 2025 purchasing season, according to a senior official at the Kurdistan...

Gold Price Rises Above $4,140 per Ounce

Gold prices rose for a third consecutive day on Wednesday as a weaker US dollar and lower oil...

More Than 45,000 Runaki Project Subscribers Repay Old Electricity Debts

The Runaki Project has announced that more than 45,000 electricity subscribers have repaid debts accumulated before the launch...

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...
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Chinese Company Plans Auto Assembly Plant in Erbil

A Chinese company plans to open an automobile assembly plant in Erbil, expanding industrial investment in the Kurdistan Region. Ma’ruf Azizkhan Harki, deputy head of...

Despite Budget Uncertainty, Kurdistan Extends Oil Deal and Nears Full 24-Hour Power

Amid continued delays in approving Iraq’s federal budget, the Kurdistan Region has secured a temporary extension of its oil export agreement with Baghdad. At...

With the Reopening of Global Markets, Gold, Silver, and Oil Prices Decline

With the reopening of global markets at the start of the week, prices of gold, silver, and oil declined sharply, reflecting renewed volatility in...

SOMO Signals Possible Renewal of Kurdistan Oil Export Deal

Iraq’s State Oil Marketing Organization (SOMO) has signaled that renewing the Kurdistan oil export deal remains possible. The organization said this is due to...

Dana Gas and Crescent Petroleum Sign Long-Term Gas Deals with Kurdistan Companies

Dana Gas and Crescent Petroleum, together with their partners in the Petroleum Consortium, have signed long-term gas sales agreements with multiple companies in the Kurdistan Region. As...

Kurdistan Oil Exports Near Six Million Barrels, SOMO Data Shows

Iraq’s State Organization for Marketing of Oil (SOMO) exported nearly six million barrels of crude oil from the Kurdistan Region last month as part...
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