KAR Group confirms Ninewa oil contract
Deal to provide needed fuel and investment to Ninewa province while bringing it closer to Kurdistan.
Workers clean a cooling system at the Kalak refinery, which is operated by the KAR Group. (SEBASTIAN MEYER/Iraq Oil Report/Metrography)
LONDON - Kurdish oil company KAR Group has confirmed it signed a production sharing contract directly with the Ninewa provincial council in 2014, the latest provincial oil contract in Iraq and one that illustrates the deepening economic ties between the Kurdistan Regional Government (KRG) and the embattled province.
“In early 2014 we signed a production sharing agreement with the government of Ninewa for the Makhmour block,” Baz Karim, President of Kar Group, said in a presentation at the CWC Kurdistan-Iraq conference in London on Wednesday.
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