Iraq's Kurdistan working to establish two oil firms -statement


Reuters | Updated: 17-06-2022 16:44 IST | Created: 17-06-2022 16:26 IST
Iraq's Kurdistan working to establish two oil firms -statement
Representative image Image Credit: Flickr

Iraq’s Kurdistan Regional Government (KRG) is working to establish two oil companies, a spokesperson said on Friday.

The KRG's new oil firm KROC would specialize in oil exploration, while the second - KOMO - would focus on oil exports and marketing from the semi-autonomous region.

The regional government has presented the idea and discussed it with the federal government in Baghdad recently, the KRG spokesperson said in a statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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