Middle East Economic Survey

VOL. L

No 33

13-August-2007

IRAQ

KRG Opens Door To IOCs After Approval Of Regional Oil/Gas Law

The Kurdistan Regional Government (KRG) says its Oil and Gas Law, approved by the regional parliament on 6 August, will be in harmony with the federal law when the latter is approved by parliament in Baghdad. But in the meantime the KRG says it will press ahead with plans to attract international oil companies (IOCs) to develop the 40 blocks on offer, leaving a question mark...