Norway steps up support for Iraqi oil authorities

Business May 11, 2010

Norway and Iraq will soon sign an agreement on expansion of the controversial aid-financed Oil For Development Programme which aims to help Iraqis manage their oil sector. Norway will provide NOK 20 million over three years.

The Norwegian mainly state-owned oil company Statoil pulled out of the programme two years ago following a critical evaluation that pointed to potential conflicts of interest.

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