Iraq faces clash with Kurds over oil deals

Iraq’s newly appointed oil minister said on Tuesday that the central government should handle all contracts related to petroleum exploration and production, putting him on a potential collision course with the autonomous Kurdish region which has recently begun to develop its own oil resources.

Hussein al-Shahristani also said at a Baghdad news conference that the country hoped to pass an investment law soon to bring in foreign investment to upgrade the country’s battered oil infrastructure.

Financial Times