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A source for "Economy News": Oil companies in Kurdistan will appear before the Commercial Court in Baghdad next Sunday
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oil field in kurdistan
oil field in kurdistan
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Economy News - Baghdad
An informed source revealed that Western oil companies operating in the fields of the Kurdistan region have received a summons to appear before the Commercial Court in Baghdad next Sunday.
The source, who preferred not to reveal himself to Economy News, said that the Ministry of Oil, after the Federal Court’s decision, which included the unification of oil policy and the failure of the Kurdistan Region to produce and export oil independently, began to take legal measures to compel oil companies to contract with Baghdad instead of the Kurdistan region, referring to The Western oil companies received a summons to appear before the Commercial Court in Baghdad next Sunday.
The source added that the companies operating in the Kurdistan region began to meet in London to agree on a certain mechanism, especially as it says that it is not binding with Baghdad, but rather in contracts signed with the Kurdistan Regional Government, and the dispute may turn to one of the commercial courts in Europe.
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