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Iraq bars US energy giant Chevron over
Kurdistan oil contracts
24.7.2012 |
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Iraq blacklists Chevron
for Kurdistan deals
July 24, 2012
BAGHDAD, Iraq,— Iraq on Tuesday barred US
energy giant Chevron from working in non-Kurdish
parts of the country after it
bought
two exploration blocks in the autonomous Kurdistan
region against Baghdad's wishes.
The announcement comes after Chevron announced the
acquisitions on July 19, provoking a similar
response from the federal Oil Ministry as fellow
American company ExxonMobil's exploration deal with
Kurdish authorities.
"The ministry announces the cancellation of the
qualification of the American company Chevron, and
bars it from accessing any contract or agreement
with the federal oil ministry and its companies...
unless it backs off from the contract it signed,"
the Oil Ministry said.
The central government says all oil contracts must
go through Baghdad and regards any that do not as
illegal.
Chevron said on July 19 that it bought 80 percent
stakes in the Rovi and Sarta blocks from India's
Reliance.
The announcement came after Iraqi Prime Minister
Nuri al-Maliki pledged this month to take the
"necessary steps" if ExxonMobil implemented a
controversial oil exploration deal with Kurdistan.
Baghdad has said in recent months that the
ExxonMobil deal has been frozen,www.ekurd.net
which Kurdistan has denied.
The spat over oil contracts is one of several
between the central government in Baghdad and
Kurdish authorities in Erbil.
Copyright ©, respective author or news agency,
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