Kurdistan Signs Gas Deals with HKN Energy, ONEX, Western Zagros

Kurdistan’s regional government has signed agreements with HKN Energy Ltd., ONEX Group and Western Zagros to develop natural gas fields in northern Iraq.

• The deal with HKN and ONEX called for the companies to develop Kurdistan’s northern Miran field, estimated to hold 8 trillion cubic feet of gas, the companies said in a statement.
• HKN and ONEX see the possibility to generate more than $40 billion in long-term value
• Dallas-based HKN and ONEX, a Dubai investment group, have formed a joint venture named Miran Energy
• Development to be executed in phases, with gas production planned to support regional ...