Trouble or promise in the pipeline?

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IRAQ’S Kurdistan region benefits from abundant hydrocarbon resources and is enjoying impressive economic growth and relative political stability. By contrast with other regions in Iraq, security conditions are benign and social infrastructure is good.

Major oil companies, including ExxonMobil, Total and Chevron, have made large investments in the region, although they remain troubled by uncertainty relating to the laws governing the hydrocarbon sector and the Iraq federal government’s control of oil exports from Kurdistan.

Originally posted in www.petroleum-economist.com March, 2014.

Please see full article below for more information.

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Topics:  Middle East, Oil & Gas, Pipelines

Published In: Energy & Utilities Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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