The Sunday Times, citing unidentified industry sources, reports that French oil and gas producer Total is close to securing exploration rights over several exploration blocks in Iraqi Kurdistan.
A deal could be announced within weeks, according to the newspaper.
Chevron and ConocoPhillips are also believed to be competing for rights in the semi-autonomous region, following the announcement last year that ExxonMobil had acquired six exploration blocks in defiance of central government in Baghdad.
(Source: Bloomberg)
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