BUDAPEST, Hungary, Jan. 11 (UPI) -- After an assessment of the block's potential, Hungarian energy company MOL and its partners gave up their stake in an oil field in the Kurdish north of Iraq.
MOL Hungarian Oil and Gas said it relinquished its holdings in the Akri-Bijeel block in the Kurdish north of Iraq, in agreement with its British partners at Gulf Keystone Petroleum and the semiautonomous Kurdistan Regional Government.