Kurdistan Regional Government
Press Release
November 12, 2007
KRG signs petroleum contracts with affiliates and subsidiaries of TNK-BP, Korea National Oil Corp, Hillwood, Sterling Energy, Aspect Energy
Following the unanimous decisions of the Regional Oil and Gas Council (“the Council”) of the Kurdistan Regional Government (KRG) at its second and third meetings, Dr Ashti Hawrami, the KRG Minister for Natural Resources, today announced that the five production sharing contracts (PSCs) previously approved by the Council have been signed by the KRG with TNK-BP affiliate Norbest Limited, with a Korean consortium headed by Korean state-owned oil company KNOC, with Hillwood International Energy company HKN Energy, and with subsidiaries of UK-listed Sterling Energy LLC and Denver-based Aspect Energy LLC. Full Text
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