Iraqi Kurd government to announce two more oil deals soon … Reliance paid $15M+ as signing bonus

Iraq’s Kurdistan Regional Government will announce two more oil deals in coming days as it develops its oil sector with state-owned and private oil firms.

There has been no response yet from Baghdad after the KRG’s announcement yesterday of another six production-sharing contracts it has signed. The KRG’s semiautonomous region in Iraq’s north has the geological makeup for major oil and natural gas deposits but has 0.5 percent of Iraq’s proven oil reserves.