Middle East Economic Survey

VOL. LI

No 9

3-March-2008

IRAQ

KRG Keeps Up Fast-Track Development

In stark contrast with the deadlock in Baghdad, the Kurds are forging ahead with their own regions oil and gas development, despite mounting political tensions. Kurdish Regional Government (KRG) prime minister, Nechirvan Barzani, during a visit to South Korea last month, signed a memorandum of understanding with state-owned KNOC for development of further upstream blocks, potentially adding onto the deal...