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 Iraq in talks with Kurds over oil contracts 

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

 


Iraq in talks with Kurds over oil contracts  21.4.2008


April 21, 2008

ROME, -- Baghdad is in talks with Iraqi Kurdistan regional authorities on contracts signed by foreign oil companies in the territory, Iraq's Oil Minister Hussein al-Shahristani told reporters Monday.

"There has been a delegation led by the Prime Minister of the KRG (Kurdistan Regional Government) in Baghdad and we started our discussions," al-Shahristani said on the sidelines of the International Energy Forum here.

"We will continue those discussions after my return to Baghdad," he added.

The contracts "have to meet the conditions of the hydrocarbons law of February 2007," the minister insisted,
www.ekurd.net referring to a new law aimed at encouraging foreign oil companies to invest in the Iraqi oil sector.   

Iraq's Oil Minister Hussein al-Shahristani

The government in Baghdad and authorities in the autonomous Kurdistan region of 'northern Iraq' have been at loggerheads over contracts signed between the Kurds and foreign oil companies for months.

In November, al-Shahristani announced he had cancelled around 15 oil contracts signed by the authorities in Iraqi Kurdistan.

In response, Kurdish Prime Minister Nechirvan Barzan insisted the contracts would be honoured, saying "nobody can cancel contracts signed by Kurdistan," as his government approved the signature of seven more oil contracts.

The autonomous Kurdistan regional government in 'northern Iraq' has signed 15 exploration and export contracts with 20 international companies since it passed its own oil law in August 2007, infuriating the Baghdad government.

Al-Shahristani has repeatedly said he considers the contracts "illegal."

He has threatened the companies concerned that they would not in future have the chance to work with the Iraqi government, threats that have so far have not been carried out.

Copyright, respective author or news agency, AFP  

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