The Kurdish Regional Government hopes to sign oil exploration deals with 10 foreign companies this year.
There are already five companies operating in the semi-autonomous Kurdish region, including Norway's DNO, Turkey's Genel and Western Oil Sands of Canada. The new deals could include Norway's Statoil.
Under an oil investment law which has just been approved by the Iraqi central government, the rules for foreign involvement in the whole of the country have been set down for the first time.
The KRG has been signing such deals since 2002, but the new federal oil laws are expected to lead to much greater interest from international companies. NefteGaz
There are already five companies operating in the semi-autonomous Kurdish region, including Norway's DNO, Turkey's Genel and Western Oil Sands of Canada. The new deals could include Norway's Statoil.
Under an oil investment law which has just been approved by the Iraqi central government, the rules for foreign involvement in the whole of the country have been set down for the first time.
The KRG has been signing such deals since 2002, but the new federal oil laws are expected to lead to much greater interest from international companies. NefteGaz
