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High-level Kurdistan delegation to visit
Baghdad on pending issues
31.1.2008
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January 31, 2008
Baghdad, -- MP from the Kurdistan Coalition
(KC) on Thursday said that a high-level delegation
from Iraq's Kurdistan semi-autonomous region will
visit Baghdad in the coming few days to discuss some
pending issues between Iraq's central government and
the Iraqi Kurdistan region's government.
"The delegation will discuss important issues like
the oil contracts concluded between the region's
government with foreign
companies to prospect for oil and the 2008 budget,"
Abdul Khaleq Zanka said.
The Iraqi government had criticized contracts the
Kurdish government signed with a number of foreign
companies for oil drilling, considering them as
"illegal".
The government of Iraqi Kurdistan signed a contract
with a global oil consortium led by South Korea's
national oil corporation KNOC,www.ekurd.net
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.
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.
A disagreement also erupted while discussing the
2008 budget.
The parliamentary economic committee had proposed a
13% budget share for Kurdistan, but the regional
government insisted a higher share of 17%.
The total amount of Iraq's general budget for 2008
is $47 billion.
VOI
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