Middle East Economic Survey

VOL. XLVIII

No 41

10-October-2005

IRAQ

Crescent Signs Exploration And Cooperation Deal For Southern Area Of Iraq

Sharjah’s Crescent Petroleum announced on 28 September it had signed a memorandum of understanding for oil cooperation and exploration with Iraq’s state-owned Oil Exploration Company (OEC). Under the agreement, Crescent will carry out appraisal work on an area in Misan province valued at $1mn. The agreement was signed in Sharjah by OEC...