By: Shwan Zulal
As published on Huffington Post
As published on Huffington Post
 |
| Ashti Hawrami, KRG oil Minister |
The rush for Kurdish Oil and Gas has stepped up a notch this week. More options exercised and two other hydrocarbon deal done plus renewed interests from Vallares. The Canadian ShaMaran Petroleum and the Australia Oil Search, have announced that they have exercised an option from a 2009 seismic deal and entered into a PSC (production Sharing Contract) for the Taza block. Meanwhile a UK-based Afren announced that it has bought into two PSCs in the Kurdistan Region for $588 mln, which amounts to a 60 per cent stake in Barda Rash. They acquired the interest from Komet Group and a further 20 percent interest in Ain Sifni, which was granted by the KRG (Kurdistan Regional Government).
