A state-controlled energy investment company in Abu Dhabi says it has secured a deal to search for oil in Iraq's autonomous Kurdish region.
Abu Dhabi National Oil Co., known as Taqa, says it signed an agreement with General Exploration Partners Inc., an affiliate of the Denver-based Aspects Holdings LLC., to buy its 53.2 per cent stake in the Atrush exploration deal.
Taqa Chief Executive Officer Carl Sheldon described the bloc as "highly prospective." It is located near Dahuk province, one of three provinces that make up the oil-rich Kurdish region in the country's north.
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