Abu Dhabi National Energy Co (Taqa) has announced plans to invest about $1.2bn in developing the Atrush oil and gas block in Iraq’s semi-autonomous Kurdistan region.

Reuters has reported, that Taqa won the approval from the Kurdistan Regional Government (KRG) to develop the block in late 2013.

It expects to invest more than $300m in the first phase of the project, with first oil from the 30,000 barrel per day (bpd) first phase expected in early 2015.


Hawar Abdulrazaq