Iraq Says Kurdish Contracts Not Legal

Source: Reuters 11/28/2008, Location: Middle East

Iraqi Oil Minister Hussain Shahristani said today that oil contracts signed by the Kurdish Regional Government (KRG) with foreign oil companies are not recognised by central government in Baghdad.

The comments come despite an initial agreement on Thursday between the central Iraqi oil ministry and the largely autonomous Kurdish authorities to allow exports from Kurdistan to Turkey.

Norwegian oil company DNO has a concession with the KRG from which it hopes to start exports of 100,000 barrels daily in the first quarter of next year.

But Shahristani said the revenues from oil produced anywhere in Iraq belonged to central government for redistribution around the country.

"Those contracts have not been reviewed by the ministry of oil and have not been recognised by the federal government," he told reporters in Cairo.

"The decision is that any oil that is produced in any part of the country has to be handed over to the federal government and the ministry of oil will export it. The revenues will go to the central budget for distribution inside the country."

Shahristani was speaking to reporters before a Saturday OPEC meeting.


Qatar >>  6/19/2022 - QatarEnergy has chosen Eni as a new international partner in the North Field East expansion project.

The Minister of State for Energy Affai...

Qatar >>  6/2/2022 - North Oil Company (NOC) has awarded McDermott International a Front-End Engineering Design (FEED) contract for the Ruya Development, formerly known as...

Saudi Arabia >>  5/30/2022 - JGC Holdings Corporation (Representative Director, Chairman and CEO Masayuki Sato) announced today that JGC Corporation (Representative Director and...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.