Middle East Economic Survey

VOL. LII

No 21

25-May-2009

Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No

Austrias OMV and Hungarys MOL have announced they are to invest in an $8bn joint venture to develop what they call very large gas fields in the Kurdistan region of northern Iraq and export the surplus to Europe. The move throws their lot more firmly in with the Kurdistan Regional Government (KRG). OMV had been operator of two production sharing contracts signed with the...