|
. | . |
|
by Staff Writers Washington (AFP) Aug 20, 2012 The United States said Monday that oil companies should not bypass Iraq's central government after authorities in the autonomous Kurdish north signed dozens of deals with foreign energy firms. "With regard to our own companies, we continue to tell them that signing contracts for oil exploration or production with any region of Iraq without approval from the federal Iraqi authorities exposes them to potential legal risk," State Department spokeswoman Victoria Nuland told reporters. The United States has told companies that "obviously they'll make their own business decisions, but unless and until we have federal legislation in Iraq governing these things -- something that we've been urging -- that there are risks for them," she said. Companies including Chevron and ExxonMobil from the United States, France's Total and Russia's Gazprom have signed deals with Kurdistan, whose relations with Baghdad have deteriorated due to oil contracts and other disputes. The central government insists that all contracts are illegal if they did not go through the federal oil ministry. Earlier this month, Iraq gave Total an ultimatum to end dealings with the Kurdish region or sell its stake in a giant southern oilfield.
Related Links Powering The World in the 21st Century at Energy-Daily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement |