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(Bloomberg News) - DUBAI: The semi-autonomous government in northern Iraq will offer 40 oil and natural gas blocks for exploration as part of plans to increase daily output to one million barrels in the next five years. The Kurdistan Representative Government plans to organize conferences in London, Houston and Irbil, Iraq, to clarify the process, Ashti Hawrami, the regional minister for natural resources, said in a statement. Its Parliament must first ratify a new energy law, including a framework for oil production sharing agreements. Link |
