Talisman in Talks to Pare Stake in Kurdistan Assets”
Summary- The article titled with, “ Talisman in Talks to Pare Stake in Kurdistan Assets” appeared in Wall Street Journal on 10/8/13 12:24 AM, later on updated on September 20, 2013, 2:41 p.m. ET. The article was written by CHESTER DAWSON focusing on the issue of Oil Projects in Northern Iraq and their stages of development. The company named Canada's Talisman Energy Inc is going through financial trouble so the company is planning to sell potential oil-producing region of Kurdistan in northern Iraq. The company’s position is down due to slump in North American Natural gas prices so the company decided to sell the two active exploration sites. The two blocks is having in partnership with another Canadian Company WesternZagros Limited having 40 percent in one and 60 percent in another, the ret share belong to government. The financial crisis has forced the company to go for cost cutting and selling the two potential gas-producing blocks in Kurdistan Iraq. The move is necessa