TAQA To Develop Oil Field In Iraqi Kurdistan

Law360, New York (October 7, 2013, 4:06 PM EDT) -- Abu Dhabi National Energy Co. PJSC, also known as TAQA, has received approval from the Kurdistan Regional Government to begin developing the Atrush Block oil field in Iraq, the company announced Monday.

The oil field, which is located 85 km northwest of Erbil in the Kurdistan region of Iraq, is expected to initially produce approximately 30,000 barrels of oil per day with first oil expected by early 2015.

“The Kurdistan region of Iraq is an exciting exploration frontier and has tremendous potential,” David Cook, executive officer...
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