debrobb
06-24-2008, 11:22 AM
BAGHDAD (AFP) - Iraq's autonomous Kurdish region said it has signed two oil contracts with Canada's Talisman Energy despite Baghdad's stiff opposition to such deals before a national oil law is drawn up.
The contracts were signed on Thursday by representatives of Talisman and the prime minister of the Kurdish regional government in northern Iraq, Nechirvan Barzani, his administration said late Monday in a statement.
It said a subsidiary of Talisman would acquire a 40-percent stake in the Kalar-Bawanoor block, where Calgary-based WesternZagros has a 40-percent stake. The remaining 20 percent is to go to the regional government.
WesternZagros, through its wholly-owned subsidiaries, already holds a production-sharing contract with the Kurdistan regional government.
http://news.yahoo.com/s/afp/20080624/wl_mideast_afp/iraqcanadaoil
The contracts were signed on Thursday by representatives of Talisman and the prime minister of the Kurdish regional government in northern Iraq, Nechirvan Barzani, his administration said late Monday in a statement.
It said a subsidiary of Talisman would acquire a 40-percent stake in the Kalar-Bawanoor block, where Calgary-based WesternZagros has a 40-percent stake. The remaining 20 percent is to go to the regional government.
WesternZagros, through its wholly-owned subsidiaries, already holds a production-sharing contract with the Kurdistan regional government.
http://news.yahoo.com/s/afp/20080624/wl_mideast_afp/iraqcanadaoil