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 Despite of his involvement in the illegal deal, Iraqi Kurdistan to reappoint energy minister Ashti Hawrami

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Despite of his involvement in the illegal deal, Iraqi Kurdistan to reappoint energy minister Ashti Hawrami  28.10.2009  




Despite of his involvement in the illegal deal of selling some of the shares of the Norway’s DNO oil firm,  Iraqi Kurdistan to reappoint energy minister Ashti Hawrami. Hawrami is accused of buying stocks worth $35 million in DNO International ASA.

October 28, 2009


ERBIL-Hewlêr, Kurdistan region 'Iraq', — Iraqi Kurdistan's natural resources minister Ashti Hawrami will be reappointed the official responsible for energy when the semi-autonomous enclave announces a new government on Wednesday, officials said.                          

Dr Ashti Hawrami, Kurdistan Regional Government minister of natural resources, is accused of buying stocks worth $35 million in DNO International ASA.
Hawrami has been embroiled in a controversy over a stock deal that has left some outsiders raising questions about doing business in a relatively stable corner of Iraq.

He has denied any wrongdoing in deals that gave financial assistance to two foreign companies, including Norway's DNO International, working in the region's Tawke oilfield.

"Ashti Hawrami will keep his position as minister for natural resources in the new government in Kurdistan that will be announced ," said Mohammed Qaradaghi,
www.ekurd.netcabinet secretary of the Kurdistan Regional Government .

A top official in Kurdish regional president Massoud Barzani's office, Fouad Hussein, confirmed the information.

After Kurdish parliamentary elections in July that kept the region's two major parties in power, Kurdish lawmakers picked Iraq's former deputy prime minister, Barham Salih, to head the new government. Analysts say the move may bring a more cordial tone to tense ties between Kurds and majority Arabs in Baghdad.

At the heart of that dispute is the oil-producing region of Kirkuk, which Kurds see as their ancestral homeland. Baghdad and the KRG also disagree over the legality of deals between Kurdish authorities and foreign oil firms to develop crude fields.

Hawrami has been in the job since 2006 and has presided over Kurdistan's emergence onto the world stage as a potentially significant oil and gas producer.

Some critics argue his strident critiques of Iraqi Oil Minister Hussain al-Shahristani's management of the country's vast oil resources have inflamed Kurd-Arab tensions and helped to hold up passage of long-delayed energy legislation.

Copyright, respective author or news agency, Reuters  

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