WesternZagros Resources Ltd. has been informed by the Kurdistan Regional Government (KRG) that Gazprom Neft Middle East B.V. (Gazprom Neft B.V.), has been assigned as the Third Party Participant (TPP) for the Garmian Production Sharing Contract (Garmian PSC).

WesternZagros is the operator of the Garmian Block, which contains the producing Sarqala-1 oil well, the Mil Qasim discovery and several promising but undrilled exploration prospects. Gazprom Neft B.V., is a wholly owned subsidiary of JSC Gazprom Neft, which is the oil producing affiliate of OAO Gazprom. JSC Gazprom Neft is headquartered in St. Petersburg, Russia, and is majority owned by OAO Gazprom.

Tags: WesternZagros Resources Ltd.