Oil: Kurdistan regional government awards 12 new contracts to international firms over the past two weeks

Radio Free Europe/Radio Liberty, reports Iraq's Kurdistan regional government (KRG) continues to award contracts for oil exploration and development to foreign oil companies despite allegations by the central Oil Ministry that the contracts are not valid due to the absence of an oil law. The KRG has ignored the criticism and contends that the contracts are legal.

The KRG has awarded 12 new contracts to international firms over the past two weeks. On November 12, it said it approved five production-sharing contracts with European, U.S., and Korean companies. The contracts are for the exploration and development of fields in the region's Irbil, Al-Sulaymaniyah, and Dahuk governorates.

Full article: Iraq: Kurds Push Ahead With Oil Contracts by Kathleen Ridolfo