KRG Approves Oil Deal

KRG Approves  Oil DealKRG Approves  Oil Deal

The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the Rigzone reported. The minister of natural resources has agreed to the field development plan of the Akri-Bijeel Block adjacent to the region's largest oil field, Shaikan, a year after MOL found enough oil to make the project commercially viable.