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Page added on November 24, 2007

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Iraq nullifies Kurdish oil deals


BAGHDAD (AFP) – Iraq’s oil ministry has declared all crude contracts signed by the Kurdish regional authorities with foreign companies null and void, a government official said on Saturday.


“The ministry has nullified all contracts signed by the Kurdistan Regional Government,” the official told AFP, asking not to be named. “They will not be recognised.”


The government in Iraq’s northern autonomous Kurdish region has signed 15 exploration and exportation contracts with 20 international companies since it passed its own oil law in August, infuriating the Baghdad government.


Oil Minister Hussein Shahristani has in recent weeks angrily denounced the Kurdish authorities for signing the contracts before the national parliament approves a new oil and gas law, declaring them “illegal”.


The government official said the minister had now gone further and nullified all the contracts and had warned the foreign companies involved that they would be blacklisted.


AFP



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