Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

IRAQ

OMV Takes Third-Party Stakes In Reliance Blocks

Austrias OMV has taken a 20% third party stake in both of Reliances blocks in the Kurdistan Regional Government (KRG) area of northern Iraq, Indian newspapers reported on 1 June. If confirmed, this would substantiate MEES soundings regarding OMV discussions over expanding into five new blocks (MEES, 31 May). OMV is building a strong upstream position in the KRG area, with a view to supplying...