Total SA (TOT) is in talks to enter Iraqi Kurdistan, the head of the French oil giant said Tuesday, the latest major to disclose concrete steps to enter the autonomous region.
Total SA (TOT) is in talks to enter Iraqi Kurdistan, the head of the
French oil giant said Tuesday, the latest major to disclose concrete steps to
enter the autonomous region.
The news come after the U.S.'s Exxon Mobil Corp (XOM) recently signed a deal to
enter the region, rebuffing opposition from Iraq's central government which
states the Kurdish deals are illegal.
Speaking to reporters on the side of an International Energy Forum summit
conference in Kuwait, Total's Chief Executive Christophe de Margerie said
"we are discussing" an entry. "There is nothing done yet."
"Definitely we will hold those discussions with owners of existing
blocks," he said, adding any move would have to be vetted by the
autonomous region's government.
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