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Kurdistan PM "Nechirvan Barzani" hopes to
solve oil dispute
23.10.2006 |
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LONDON, October
23 ,-- The prime minister of Iraq’s semi-autonomous
Kurdistan region said he hoped to solve a dispute
with Baghdad over the control of oil resources in an
upcoming visit to the capital.
“I hope after the Ramadan holiday festivities end
(today) we will be visiting Baghdad and we will be
able to solve that problem,” Nechirvan Barzani told
the Financial Times newspaper in comments published
on Monday.
The Kurdish regional government raised the threat of
secession last month if Baghdad did not drop its
claims to a say in the development of oil resources
in the northern districts.
The issue of how powers are divided between Baghdad
and the regions is at the heart of a sectarian and
ethnic dispute.
The Baghdad government is drafting legislation to
clarify how oil investment and revenues should be
shared with a view to encouraging foreign investment
to develop its vast resources. |
Kurdistan Regional Government (KRG) Prime Minister
Nechirvan Barzani |
Barzani told the FT he also hoped to sort out a
dispute over how much oil income his region receives
from the government.
Iraq’s budget for 2006 was projected at $33 billion
when the price of oil was projected at $26 a barrel,
the newspaper said.
“Of course the oil was sold at around $60, sometimes
more ... Right now there is about $500 million which
is the share of the region and they don’t give it,”
Barzani told the FT.
Reuters
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