Middle East Economic Survey

VOL. XLVII

No 51/52

20/27-December-2004

IRAQ

Heritage Oil Joins List Of IOCs Pursuing Ventures In Iraqi Kurdistan

Canadas Heritage Oil announced on 13 December that it had formed a joint venture with Eagle Group of Iraq in Iraqi Kurdistan, becoming the third international firm make such a move. A statement said Heritage and Eagle had incorporated a jointly-owned company, Heritage Erbil Oil Ltd with an authorized share capital of $25mn. Heritage Erbil has in turn...