Kurdistan-Iraq , -- A KDP source
suggests the Kurdistan Regional Government (KRG) continues its
efforts to have control over oil investment projects in northern
Iraq independently of the central Oil Ministry in Baghdad.
The Kurdish Democratic Party (KDP), whose leader Massoud Barzani
acts as the Kurdistan regional government President, is doing its
best to settle the issue. It has recently contacted US and Japanese
companies to see whether they can help provide the KRG with legal
consultations on the subject.
Concurrently, the KDP is holding contacts with Shiite leaders in
southern Iraq over plans to restructure the oil sector in Iraq.
These plans suggest rehabilitating the Oil Ministry and setting up
public and private companies in northern and southern Iraq.
Besides, the KDP continues contacts with foreign oil companies not
only in northern Iraq, but also in southern Iraq where it is
arranging meetings between foreign oil companies and Shiite leaders
supporting calls for a Shiite autonomous federated state there.
Note the KRG has already bypassed Baghdad and signed contracts or
MoUs with foreign companies to explore for oil in northern Iraq.
These companies include DNO of Norway; Petoil and General Energy,
both of Turkey; Western Oilsands and Heritage Oil, both of Canada,
Woodside of Australia and Sterling Energy of the UK.
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