Ban On IOCs In Iraqi Kurdistan May Be Lifted ...Middle East

The recent signing by Iraq’s federal government in Baghdad of three long-term oil and gas sector contracts with the UAE’s Crescent Petroleum – a company also heavily involved in the same sectors of Iraq’s semi-autonomous region of Kurdistan – may indicate that the ban on international oil companies (IOCs) trying to operate in both regions has now been relaxed by Baghdad.  Crescent Petroleum has been highly active in Kurdistan since it and its affiliate, Dana Gas, signed agreements in April 2007 with the government…

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