Friday, February 11, 2011

2-11-11 KRG oil exports will resume soon, amid controversy about the contracts

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The President of the Kurdistan Regional Government(KRG) said they are working on getting the export of oil in the region, and it will begin exporting soon
2. Maliki said that Kurdistan has signed contracts with oil companies and the companies have benefits under the contracts. He said the government must bear the agreement
3. A spokesman from the KRG said the agreement was reached with Baghdad at a meeting attended by Maliki, the Oil Minister, and a delegation of Kurdistan, and was headed by the Kurdistan PM
4. Shahristani, deputy PM for energy affairs, denied that the differences were resolved and said that Maliki misunderstood
5. The differences have been going on for years, but the adviser at the Ministry of Natural Resources in KRG and the Chairman of the Commission on oil and gas in the Iraq Council of Representatives are expected to solve the differences and have yet to activate the HCL (oil and gas law)
6. They expressed optimism about addressing all the issues during the next few months, if there is political consensus and especially after Maliki agreed on the Kurdish demands (including the oil files)
7. A political analyst was less optimistic

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