The Iraqi dinar, the Iranian Rial, and the Turkish and Syrian Lira are not the only ones declining against the dollar, but most of the US competitor's currencies have fallen this year. According to official data, in 2022, most other currencies, such as the Japanese yen, the Chinese Yuan, the British Pound, and the Euro, have lost value by -14% to -6% against the dollar
The Kurdistan Labor Law, with 120 pages, consisting of 20 chapters and 154 articles, was submitted to the Kurdistan Parliament Presidency for its second reading. Reasons for proposing the draft include changes and regulation of employer-worker relations
Although Iraq's revenues have exceeded $90 billion this year, the government could not set a budget for 2022, the same as in 2020. However, the Iraqi government is now preparing the 2023 budget. Due to the central bank's reserves and oil prices, the 2023 budget is expected to be the most significant proposed budget for Parliament in the modern history of Iraq.
In the upcoming days, Bahrain will host the 2022 Manama Dialogue again. The Manama Dialogue is scheduled from November 18th to the 20th of the same month. It is worth noting that this year's edition focuses on energy security rather than security and military issues
Attacks conducted by “illegal” Iraqi armed groups are increasing on oil and gas investments in the Kurdistan Region. According to reports, companies operating in the oil and gas sector in the Kurdistan Region have been forced to work with less staffing.
Iraq’s oil ministry has issued two letters and tried two different ways this month and increased its attempts to seize and remove oil and gas companies from dealing with the Kurdistan Region. First, by sending a letter to international oil and gas companies in the Kurdistan Region to deal directly with the State Organization for Marketing of Oil (SOMO).
Three big Russian oil companies have the capital of about $14 billion in investment in the field of oil and gas in the Iraq and Kurdistan region. Gazprom produces 30,000 barrels of oil and 40 million cubic feet of gas daily in the Sarqala field, and Lukoil produces about 500,000 barrels of oil at the Western Qurna2 oil field in Basra.
Rudaw Research Center (RRC) held A Conversation with Ally-Raza Qureshi, World Food Programme (WFP) Representative in Iraq on Food security in Iraq and Kurdistan Region.
Rudaw Research Center (RRC) held a webinar on the Energy Market and the Future of the Natural Gas sector in the Kurdistan Region of Iraq
On March 7, 2022, the price of one barrel of oil has raised to 140$, which is the highest price record for the past 12 years. The increase was in ways that in less than 24 hours, the price raised 30% percent, following the announcement from Biden administration and U.S. Congress that they are preparing a ruling to ban oil importation from Russia
The politicized ruling of Iraqi Federal Supreme Court on February 15, 2022, emerged great risks and oppositely great opportunities to the future of Kurdistan Region oil and gas industry, in which we need to, analyze the decision in terms of current changes and future contributors of global energy security providers. In this analysis, the risks of petitioning cases against Kurdistan Region oil and gas in the international courts, submission of new cases on the companies, and opportunities in front of Kurdistan Region oil and more especially gas industry, will be discussed.
The Kurdistan Region of Iraq (KRI) Property Market Report, including a survey, followed by several meetings of counselling and planning at the Rudaw Research Center. The report was accomplished by efforts and supervision of our colleague, Mahmood Baban and his team. It provides detailed information on the price trend in the KRI real estate market
The high price of oil, which stays above $70 for 2021, took the Iraqi oil income to above 76 billion US dollars which were almost close to the income of 2019. This income is $27 billion more than what has been stated to be the income for 2021.
This webinar, moderated by Mahmood Baban, focused on the issues surrounding the Iraqi Population Growth and the UNFPA plan to help and support the Iraqi government and the Kurdistan Region.
