HEADLINE NEWS

HEADLINE NEWS

Thursday, September 22, 2011

39 oil sites in Kurdistan under development

ARBIL / Aswat al-Iraq: The Kurdish government signed tens of contracts to develop the oil industry in the region, ranging from exploration, production, and development in 39 different sites in Kurdistan.
Kurdish ministry of mineral wealth published these contracts on its web site with 20 international companies.
These contracts vary from preliminary ones to final operational agreements.
Taktak and Taoki are the biggest oil producing field in Kurdistan for time being, with production capacity of 100-150 thousand b/d.
All these agreements depend on the terms of the Kurdish oil and gas law, but these are rejected by the central government that led to boycotting all oil companies working in Kurdistan.

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