Kurdistan discovery may tempt oil majors

International oil companies including Shell, ExxonMobil, Total, BP and Chevron are positioning themselves to exploit Iraq’s rich oilfield potential once the country agrees to legislation protecting their investments.

The attraction lies in more than 500 geological structures believed to contain huge volumes of oil and. Most structures have yet to be drilled and at present almost all Iraq’s oil is produced from just 20 fields.
AME Info