The Kurdistan Regional Government in northern Iraq said Monday that Iraq's federal government needs to seek its approval before signing deals to develop the giant Kirkuk oil field.
The Kurdistan Regional Government in northern
Iraq
said
Monday that
Iraq
's
federal government needs to seek its approval before signing deals to develop
the giant
Kirkuk
oil
field.
Iraq's Oil Minister Abdul Kareem Luaiby and other senior officials had said
that Baghdad was holding talks with U.K. energy giant BP PLC (BP), Baker Hughes
inc. (BHI) and Schlumberger Ltd. (SLB), in order to double crude oil production
from the Kirkuk field from the current 300,000 barrels a day.
"The KRG requires the federal oil ministry and the [state-run] North Oil
Co. to respect the country's constitution and sit down with all relevant
parties to determine how best to enhance and revitalize the present Kirkuk oil
field," according to a statement emailed to Dow Jones Newswires.
The Kurds says that the oil hub
province
of
Kirkuk
is
Kurdish and it should be annexed to their semi-autonomous territory. The
central government argues that
Kirkuk
should be ruled jointly.
"In the meantime, the KRG expects that international oil companies
restrain from any activities that may be in breach of the [Iraqi]
constitution," the statement said.
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