Iraq’s oil minister plans company to handle Kurdistan Region oil operations

A flame rises from a chimney at Taq Taq oil field in Erbil, in the Kurdistan region, Aug. 16, 2014. (Reuters)

SULAIMANI (ESTA) — Iraq’s oil minister Ihsan Abduljabbar said on Tuesday that he had proposed to form a company tasked with managing upstream and oil exports operations in the Kurdistan Region, state news agency INA reported on Tuesday.

The Iraqi oil minister told INA that talks between the federal government and the Regional government on oil issues have reached a positive understanding.

“There are positive understandings between the central government and the Kurdistan Region regarding the production and export of oil produced in the fields of the Region within the ongoing negotiations between the two parties in accordance with the constitution,” Abduljabbar was quoted as saying.

He further said that the Kurdistan Region had a “positive spirit” to solve the points of disagreements over the nature of managing oilfields in the Kurdistan Region and the amount of crude oil exported to global market.

Iraqi and Kurdish officials have been negotiating to reach a final agreement on their outstanding issues, including oil, gas, revenue sharing and border crossings.

Previous Article

Iraqi military denies reports that Hashid al-Shaabi moved to Kirkuk

Next Article

Lebanon and Israel, long-time foes, to start talks on disputed waters

Related Posts