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WATCHING THE WORLD: Kurdistan deal riles officials

10/08/2007
Government interference in any business is rarely a good thing, especially when it is the oil and gas business. Consider the case of Hunt Oil Co., which apparently has unsettled the views of several governments about Iraq’s oil industry.The Kurdistan Regional Government (KRG), Hunt Oil Co. of the Kurdistan Region, and Impulse Energy Corp. recently announced the signing of a production-sharing contract covering the Duhok, Kurdistan, area of Iraq (OGJ, Oct. 1, 2007, p. 36).Iraqi Oil Minister Hussein al-Shahristani was quick to intervene, saying the deal had no standing with Iraq’s federal government. Any contracts agreed with the KRG need to be approved by the federal authority ...
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