Repsol agrees Kurdistan oil deal

01 August 2011

Spanish firm signs for Piramagrun and Qala Dze blocks

Spain’s Repsol has signed an agreement with the Kurdistan Regional Government (KRG) for two exploration blocks in the semi-autonomous area of northern Iraq.

Repsol has been in talks with the KRG for more than a year for the Piramagrun and Qala Dze blocks, which cover more than 2,700 square kilometres in the west of the Kurdistan region, according to a 28 July company statement.

No further details were available from Repsol.

The Spanish firm is one of the largest of more than 35 international oil companies to sign a deal with the KRG, despite opposition from the federal government in Baghdad (MEED 11:2:11).

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