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After the "Exxon Mobil" .. Company "Total" major oil .. To Kurdistan
Posted 10/02/2012 07:00 PM
PARIS (Reuters) - France's Total has become the latest major oil company to shift its focus in Iraq to the semi-autonomous Kurdistan region away from the major contracts offered by Baghdad and involve economic challenges.
The chief executive of Total, said on Friday he was considering a possible investment in Kurdistan, which is to pay the Iraqi central government in the past to the exclusion of companies from investing in the south. He added that the company does not intend to compete for contracts in the next round of licenses for oil and gas organized by Baghdad.
Said Christophe de Margerie told a news conference "Based on what we hear does not seem to terms of the fourth round of licenses in Iraq is very attractive ... interest in Kurdistan due to the oil and gas reserves are abundant and to the contractual terms for the better."
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