IRAQ

 

Western Zagros Gets New Investment

Houston-based oil investor Crest Energy International has taken “just under” a 10% stake in Kurdistan Regional Government (KRG) explorer Western Zagros, the Canadian independent announced on 7 August. Crest, whose parent company is headed by Syrian-American Jamal Daniel, an associate of Neil Bush, brother of former US president GW Bush, will pay Can$57mn ($57.4mn), or Can$1.40 per share, a 10% premium to...