PM:02:49:27/06/2022
3780 View
+
-
SULAIMANI — The US-based global energy company Schlumberger
is said to have decided to exit the Kurdistan Region following the Iraqi
federal court's decision to consider the Kurdistan Region's energy sector unconstitutional.
The semi-official Iraqi News Agency (INA) reported today
(June 27) that "official sources" have told the agency that
Schlumberger had submitted a formal letter to the Iraqi Oil Ministry announcing
its compliance with the federal court's ruling that deemed the region's oil and
gas sector unconstitutional.
The INA added that US energy company Baker Hughes had also
decided to comply with the federal court's ruling by exiting the Kurdistan
Region.
Neither of the companies has issued statements regarding the
reports.
In February, the Iraqi Federal Supreme Court issued a
verdict against the KRG's law on oil contracts, which ruled the contracts were
against the constitution.
The KRG has said that the ruling was "political",
and the Judicial Council of the KRG noted on May 17 that all of the KRG's oil
contracts meet the guidelines of the Iraqi constitution enacted in 2005.
(NRT Digital Media)