KRG to set up two New Oil Companies

By John Lee.

The Kurdistan Regional Government (KRG) is reportedly setting up two new companies to manage its energy resources.

A new Kurdistan Regional Oil Company (KROC) is to specialise in oil exploration, and the Kurdistan Oil Marketing Organization (KOMO) will concern itself with marketing of the oil.

The development comes as Erbil and Baghdad continue to vie for control of the oil industry in Iraqi Kurdistan.

More here and here.

(Sources: Reuters, Shafaaq)

No comments yet.

Leave a Reply