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.
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