Middle East Economic Survey
VOL. LII
No 24
15-Jun-2009
IRAQ
KRG Operators Vying For Position After Oil Exports Start-Up
London-listed independent Heritage Oil and Turkeys Genel Enerji on 9 June announced they have signed a memorandum of understanding (MOU) to merge. If realized, the new entity HeritaGE will become the biggest upstream investor in the Kurdistan Regional Government (KRG) area of Iraq, and potentially a FTSE-100 company. The $5.5bn deal could see the creation of an international oil...
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