Spending cut planned for Kurdish oil operations

Spending cut planned for Kurdish oil operations
Calgary, Alberta (UPI) Mar 12, 2015 - The bulk of spending for 2015 will target oil operations in northern Iraq and, while spending is reduced, output should be static, Oryx Petroleum announced. Oryx, a Canadian company focused on operations in the Kurdish north of Iraq, said it was planning 2015 capital spending of $140 million, a 60 percent reduction from the budget set in November. Oryx Chief Executive Officer Mic ... more

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