Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

IRAQ

Petrel Enters Joint Venture With Iraqs Makman For Subba, Luhais Service Contract

Irelands Petrel Resources announced on 11 January it had entered a joint venture with Iraqs Makman Oil and Gas covering the service contract to develop the Subba and Luhais oilfields, which was awarded to Petrel in September 2005 and formally signed in December 2005 (MEES, 12 September 2005). The joint venture remains subject to the approval of oil...