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 Kurdish lawmaker slams Iraqi threats to stop oil exports to South Korea

 Source : VOI
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Kurdish lawmaker slams Iraqi threats to stop oil exports to South Korea  30.12.2007




December 30, 2007

Baghdad, --  A prominent member in the Kurdistan Coalition (KC) criticized the Iraqi oil ministry's threats to stop oil exports to South Korea for signing oil contracts with the government Iraqi Kurdistan region. "I believe these statements would complicate matters now that the negotiations between the central government and the Iraqi Kurdistan government were still going on," Mahmoud Othman said in statements.

Othman, whose KC is the second largest bloc in the Iraqi parliament with 55 out of a total 275 seats, called on the oil ministry to "give a chance for political dialogue to take its course."

He also urged for recourse to Iraq's supreme court to settle this problem.
The Iraqi oil ministry is rejecting Iraqi Kurdistan region government's unilateral signing of oil contracts with foreign companies.

"Even if we presumed that the oil ministry's procedures were constitutional, they should not be carried out in such a speed," Othman said.       

Dr Mahmoud Othman, a Kurdish legislator, member of the Kurdistan National Democratic Union

He declined to consider as "failure" the negotiations the Iraqi Kurdistan government head had with the Iraqi prime minister.
"There would be other rounds of negotiations to be held to reach solutions for pending issues," he said.

Nechirvan Barzani, the Prime Minister of the Iraqi Kurdistan region, had talks with the central government in Baghdad in mid-December 2007 to discuss outstanding issues, including oil contracts,
www.ekurd.net but reached no concrete results.

Aasim Jihad, the official spokesman for the oil ministry, threatened on Wednesday to stop exporting Iraqi crude oil exports to South Korea if Seoul ratified an agreement concluded with the regional government of Iraq's Kurdistan.

The government of autonomous Iraqi Kurdistan signed a contract with a global oil consortium led by South Korea's national oil corporation KNOC, by virtue of which the latter received a concession to prospect for oil in northern Iraq.

According to KNOC sources, South Korea imported 42 million barrels of oil from Iraq in November 2007, three times the amount it imported from Iraq in a whole year in 2006.

Iraq is South Korea's largest oil supplier.

On December 26, The State-run Korea National Oil Corp KNOC said it would not abandon an exploration project in Iraqi Kurdistan despite threats by the central Iraqi government to cut off oil supplies to South Korea.

The corporation is part of a South Korean consortium which last month signed a deal with the Kurdistan government to explore the Bazian field,
www.ekurd.net which is estimated to hold 500 million barrels of crude oil.

The government of Iraqi Kurdistan had signed 15 contracts to take part in oil production with 20 foreign companies despite the central government's objection and ahead of the Iraqi parliament's final endorsement on the new oil draft law.

VOI  

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