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Kurds agree to share oil revenue with Iraq
26.9.2006 |
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LONDON, September
26, --The autonomous region of Kurdistan has
expressed readiness to share crude oil revenues with
the rest with the rest of Iraq (The Arab part of
Iraq).
Kurdistan Natural Resources Minister Ashti Hawrami
said the regional government plans to draft an oil
bill over the next few weeks that would share
revenues with the rest of the country, Middle East
Newsline reported.
But the bill would grant Kurdistan the sole right to
develop resources in the northern Iraqi province.
"Control of the new fields is the exclusive right of
the regions and we are not going to budge on that,"
Hawrami said. "We will control them 100 percent. We
have no intention of withholding revenue from the
central government. We will not take a dollar extra
than our fair share, but we expect our fair share."
In a London briefing to potential investors last
week, Hawrami said the Kurdistan government intends
to reach agreement with foreign companies during
October 2006. The government has already signed
accords with companies from Canada, Norway and
Turkey to develop oil reserves in Kurdistan.
worldtribune com
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