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 South Korean oil companies delegation to visit Kurdistan region

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

 


South Korean oil companies delegation to visit Kurdistan region  26.2.2008

 






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February 26, 2008

Erbil-Hewler, Kurdistan region 'Iraq', -- Iraq's Kurdistan prime minister signed on February 14, two Memorandums of Understanding (MoU) on energy and reconstruction with South Korean companies, saying they were made "within the boundaries of the Iraqi constitution."

"A delegation from two South Korean companies working in the fields of oil and construction will soon visit the Kurdistan region to discuss means of turning the memorandums into action on the ground,
www.ekurd.net " the Kurdistan Regional Government's (KRG) premier, Nechirvan Barzani, said during a press conference held at the cabinet headquarters on Sunday.

The memorandums were signed during Barzani's visit to South Korea last week.
The region had signed 15 contracts with 20 foreign oil corporations despite the central government's objection and ahead of the Iraqi parliament's final endorsement of a new draft law on oil.    

South Korean President-elect Lee Myung-bak, (L), shakes hands with Nechirvan Barzani, Iraq's Kurdistan regional government prime minister, during their meeting in Seoul, South Korea, Thursday, Feb. 14, 2008
The Iraqi Ministry of Oil invited foreign corporations to invest in the oil field in all Iraqi provinces, including those in the Kurdistan region and in Kirkuk, but excluded the companies that have signed contracts with the region without a prior approval from the ministry.

VOI   

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