SULAIMANI (ESTA) —Iraq’s minister of oil Ihsan Abdul-Jabar said on Sunday that its ministry will implement the Federal court decision in which in February it deemed a Kurdish oil and gas law unconstitutional.
In February, Iraq’s federal court deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan unconstitutional and demanded that Kurdish authorities hand over their crude supplies.
The federal court’s ruling gives the oil ministry in Baghdad the authority to manage oil and gas fields in Kurdistan.
Kurdistan’s massive untapped oil reserves, lucrative production-sharing contracts, and safe environment have prompted international oil companies over recent years to commit to investing billions of dollars there.
The Federal Court’s decision challenges the contracts that the region has made with the international oil firms, however, the officials in the Kurdistan region have repeatedly refused to abide by the decision.
