Kurdistan "New Hotbed for M&A Activity"

The recent declaration by Hunt Oil CEO Ray Hunt that his company was willing to work with partners in Iraq to develop its oil and gas assets in Kurdistan underlines the Region’s position as a likely new hotbed for M&A activity, according to a report from mergermarket.com.

Hunt’s comments about oil and gas sector partnerships follow those made by other operators in the Region and highlight the prospect for consolidation as firms look to use it as a base for expansion elsewhere in Iraq.

However, Hunt, who was interviewed by Mergermarket at a forum held earlier this week at Southern Methodist University in Dallas, also highlighted the potential for political issues to complicate the investment scenario. He said that Iraq must organize its government in a way that “addresses the Kurds’ ability to export oil and acknowledges their rights.”

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