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Iraqi National Oil Company states KRG oil exports unconstitutional

PM:07:39:12/05/2022

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SULAIMANI— The Iraq National Oil Company (INOC) issued a statement Thursday, (May 12) regarding the Kurdistan Region’s independent oil and gas and exports, stating they were unconstitutional.

The company specifically stated the Region’s contracts were against the constitution.

The Kurdistan Region cannot sign contracts and export oil to foreign countries without the Federal government’s consent, according to the statement.

The company also declared the federal government has the right of supervising oil fields discovered in the future.

The INOC statement comes months after the Iraqi Federal Supreme Court’s verdict in February that declared the Kurdistan Regional Government’s law on the independent sale of the Region’s oil and natural gas against the Iraqi constitution.

(NRT Digital Media)