Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

IRAQ

KRG Oil Investors Maneuver As Political System Falters

Merger activity in the Kurdistan Regional Government (KRG) area of northern Iraq appears to be heating up even as escalating violence and power rivalries paralyze Iraq’s body politic (see page 25). On 21 December Genel Energy confirmed it was in talks with Canada’s Longford Energy to take an additional 40% stake in the Chia Surkh block in southern Kurdistan....