PM:09:10:17/02/2022
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SULAIMANI — Kurdistan Regional Government (KRG) Spokesman Jotiar Adil said
on Thursday (February 17) the government assures oil companies operating in the
Region that it remains committed to agreements with the companies.
"We assure oil companies we are committed to the deals we have with them,”
Adil told KDP official media.
He confirmed the KRG was not reconsidering any of its agreements in the oil
sector, stating such agreements were reached legally and in line with the
constitution, adding negotiations with Baghdad on their disagreements over oil
sales was ongoing.
Adil also said the KRG was willing to hand over 250,000 barrels of oil and
50 percent of the federal revenue to Baghdad and that the finance oversight
committee from the Iraqi federal government was in the Region for an investigation.
The spokesman said the supreme court ruling on the KRG’s independent oil
sales on Tuesday called to question all previous efforts made to reach an
agreement between Baghdad and Erbil.
Adil said the KRG was committed to its agreement with Baghdad and will take
all legal and constitutional procedures to defend its rights and protect
contracts and agreements with oil companies.
The Iraqi Federal Supreme Court ruled on Tuesday the oil and gas law in the
Kurdistan Region was unconstitutional and directed the KRG to commit to the management
of oil and gas transfers to Baghdad.
(NRT Digital Media)