Petrosaltic and its partner withdraw from oil concession in Kurdistan
2015-03-25T11:56:09+00:00
The company, which owns 16 percent of the project said that it has agreed with Hess Middle East New Ventures to withdraw from Kurdistan because of the current decline in oil prices and the lack of conclusive results of exploration, according what Reuters reported , seen by "Shafaq News".
Hess manages its license share of 64 percent, while Kurdistan Regional Government reserves 20 percent.
