You are here: Home » Business » Companies » Total continues Kurdish purchase

Despite warnings from Baghdad, France's Total has bought into a third KRG block, increasing the role of major international oil companies in the semi-autonomous north.

Total continues Kurdish purchase

Total continues Kurdish purchase
Workers survey the Halfaya oil field, which is being developed by China’s CNPC, with junior partners Petronas of Malaysia and Total of France. (ESSAM AL-SUDANI/AFP/Getty Images)
By Ben Lando of Iraq Oil Report
Published Monday, August 20th, 2012

France's Total has purchased a minority share in an exploration block in Iraq's semi-autonomous northern Kurdistan region, its third such deal in less than three weeks, disregarding threats from Baghdad.Iraqi officials representing the central government have blacklisted any company with deals with the Kurdistan Regional Government (KRG), but companies with deals first in southern Iraq and then signing in the north have yet to be punished.Total, with an 18.75 percent stake in the Halfaya...

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.