Oil investors in the autonomous Kurdistan Regional Government (KRG) area of northern Iraq are brushing off concerns over political risk to fast-track drilling plans.
Despite concerns within the region’s oil sector, firms like Anglo-Turkish Genel Energy, Norway’s DNO and US independent Hunt Oil are committing major sums to development. Meanwhile, two key leadership changes in the KRG’s Natural Resources Ministry come amid major developments in the region’s strategic energy relationship with Ankara, including a Turkish state partnership in ExxonMobil’s KRG blocks. (CONTINUED - 1377 WORDS)
