Majors willing to risk Iraqi contracts for Kurdistan riches?

Hussain Shahristani (Iraq’s Deputy Prime Minister for Energy) has warned Total would have to face “full consequences” if it signs oil deals with semi-autonomous Kurdistan (KRG). This warning follows Total’s statement which says that it is considering possible investments in Kurdistan. Continue reading here..

Statoil Planning to Sell West Qurna-2 stake in Iraq

According to Middle East Economic Survey (MEES), Statoil is planning to sell its stake in the West Qurna-2 oilfield in Iraq. According to an Iraqi industry source, Statoil has asked Iraq’s Oil Ministry for permission to sell its stake and that the deal was in its “final stages” as on 2-Feb-2011. Continue reading here..