Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

IRAQ

Marathon Awarded Stakes In Four Exploration Blocks By KRG

Marathon Oil Corporation on 20 October announced that it has acquired stakes in four exploration blocks in Iraqi Kurdistan. The US firm signed production sharing contracts with the Kurdistan Regional Government (KRG), thus becoming the first major international firm to acquire acreage in northern Iraq. Talks between Marathon and the KRG have taken place for several months...