October 15, 2020 | oil and gas

KRG Responds to Reports on Its Future Management of Oil and Gas Sector

ERBIL — The Kurdistan Regional Government (KRG) on Wednesday responded to recent reports about a proposal made by a senior official in the Federal Government of Iraq on the future management of the oil and gas sector in the Kurdistan Region.

“These reports will not distract from the Kurdistan Regional Government’s priorities in our ongoing and constructive discussions with the Federal Government,” KRG Spokesperson Dr. Jotiar Adil said in a statement.

Adil pointed out that the KRG will remain focused on finding practical and legal solutions on oil and gas that protect the rights of the people of the Kurdistan Region and Iraq.

“These solutions should be based on, and, indeed, respect the Constitution’s requirements for a fair and equitable distribution of Iraq’s oil and gas revenues. This will help lay a solid foundation for cooperation and a genuine partnership between the Kurdistan Region and the Federal Government in ways that benefit the peoples of Kurdistan and all of Iraq,” he added.

Media reports cited Iraqi oil minister a day earlier as saying that they had proposed the establishment of a new Kurdistan oil company so to enable Erbil and Baghdad to operate and manage oil and gas production and exports jointly.


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