MOL Gets Approval for Akri-Bijeel Development Plan

Source: Reuters 10/30/2014, Location: Middle East

Hungarian energy group MOL has received ministry approval for its field development plan for the Akri-Bijeel Block in the Kurdistan region of Iraq, MOL said in a statement.

"MOL Group is committed to maintain its presence and increase investments in the region," MOL's upstream executive vice president Alexander Dodds said.

MOL's wholly-owned subsidiary, Kalegran Ltd., declared the block commercial based on discoveries made at two oil wells a year ago.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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