Kurdistan Hunts for Oil

by Janet Ritz

Cross-posted on The Huffington Post

The Kurdistan Regional Government (KRG), after passing their own benchmark oil revenue sharing legislation, separate from Baghdad, has just signed their first oil production sharing contract with an outside company:

Texas' Hunt Oil Co. and Kurdistan's regional government said Saturday they've signed a production-sharing contract for petroleum exploration in northern Iraq, the first such deal since the Kurds passed their own oil and gas law in August. Link

According to this press release issued by the KRG, the Hunt Oil Company, working with Impulse Energy Corporation, will start with a geological survey of seismic activity in the Duhok area of Kurdistan, followed by the first exploration well in 2008...[more]

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