French Total Co. acquires 80% of oil explorations area in Kurdistan Region

french total co acquires 0 of oil explorations area in kurdistan region French Total Co. acquires 80% of oil explorations area in Kurdistan Region

(IraqiNews.com) The French Total Company purchased 80% at Baranan oil excavations in Kurdistan Region, in a move that enhances the company’s condition in Kurdistan Region which enjoys abundant oil reserves.

The spokesperson of the Company said on last Monday that “Kurdistan Regional Government will have 20% of the oil excavations in this area,” noting “These projects were considered at Madara oil exploration where the Total Co. entered Kurdistan in 2012.”

The French Total Co. purchased in the summer of 2012, 35% at two oil exploration areas in Kurdistan Region which offers more attractive contracting conditions if compared to that of Iraq’s south.

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