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Kurdistan Region: All oil companies continue to operate, and there has been no withdrawal
Shafaq News/ The Kurdistan Regional Government confirmed on Wednesday that no oil or gas operator company has withdrawn from work in the region's fields.
Kurdistan Regional Government spokesman Jutiar Adel said in a press conference attended by Shafak News Agency, "So far, no company has withdrawn, and all of them are continuing their work, and we have an oil and gas law that is still effective."
This comes after Iraqi local media circulated information about the withdrawal of the American company "Schlumberger" and Baker Hughes, in the field of oil field services, from the Kurdistan Region in compliance with the decision of the Federal Court.
On February 15, the Federal Supreme Court declared the unconstitutionality of the oil and gas law of the Kurdistan Regional Government and its abolition, and obligating the regional government to hand over all oil production from the oil fields in the region and other areas from which the Ministry of Natural Resources in the Kurdistan Government extracted oil and handed it over to the federal government, which is represented Federal Ministry of Oil.
The Kurdistan Region described the decision as "unconstitutional" and was based on a law dating back to the time of the previous regime, and the regional government stressed that "such an unconstitutional decision cannot be accepted."
And the Kurdistan Region began to sell its oil in isolation from the federal government, after a stifling financial crisis as a result of the collapse of oil prices during the ISIS invasion of areas in Iraq, in addition to the disputes with Baghdad that prompted the latter to stop paying the salaries of the region’s employees.
Baghdad says its national oil company, SOMO, is the only one authorized to sell Iraqi crude oil, but each side claims the constitution is on its side. Since the Iraqi oil and gas law remained imprisoned in the drafting stage due to differences, there was room for maneuver.
The oil file is one of the most prominent outstanding issues between Baghdad and Erbil.
Baghdad used to pay 453 billion Iraqi dinars per month (about $380 million) as salaries to the employees of the Kurdistan Region, but it stopped them after the region conducted the independence referendum on its part, and because of what Baghdad said that the region was not committed to handing over its oil in accordance with the terms of the federal budget.
After several rounds of political negotiations, the region was obligated, according to an agreement with the government in Baghdad, to hand over 250 thousand crude barrels per day of crude oil produced from its fields to the state-owned SOMO Company, and hand over the revenues to the federal public treasury.
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Kurdistan Regional Government spokesman Jutiar Adel said in a press conference attended by Shafak News Agency, "So far, no company has withdrawn, and all of them are continuing their work, and we have an oil and gas law that is still effective."
This comes after Iraqi local media circulated information about the withdrawal of the American company "Schlumberger" and Baker Hughes, in the field of oil field services, from the Kurdistan Region in compliance with the decision of the Federal Court.
On February 15, the Federal Supreme Court declared the unconstitutionality of the oil and gas law of the Kurdistan Regional Government and its abolition, and obligating the regional government to hand over all oil production from the oil fields in the region and other areas from which the Ministry of Natural Resources in the Kurdistan Government extracted oil and handed it over to the federal government, which is represented Federal Ministry of Oil.
The Kurdistan Region described the decision as "unconstitutional" and was based on a law dating back to the time of the previous regime, and the regional government stressed that "such an unconstitutional decision cannot be accepted."
And the Kurdistan Region began to sell its oil in isolation from the federal government, after a stifling financial crisis as a result of the collapse of oil prices during the ISIS invasion of areas in Iraq, in addition to the disputes with Baghdad that prompted the latter to stop paying the salaries of the region’s employees.
Baghdad says its national oil company, SOMO, is the only one authorized to sell Iraqi crude oil, but each side claims the constitution is on its side. Since the Iraqi oil and gas law remained imprisoned in the drafting stage due to differences, there was room for maneuver.
The oil file is one of the most prominent outstanding issues between Baghdad and Erbil.
Baghdad used to pay 453 billion Iraqi dinars per month (about $380 million) as salaries to the employees of the Kurdistan Region, but it stopped them after the region conducted the independence referendum on its part, and because of what Baghdad said that the region was not committed to handing over its oil in accordance with the terms of the federal budget.
After several rounds of political negotiations, the region was obligated, according to an agreement with the government in Baghdad, to hand over 250 thousand crude barrels per day of crude oil produced from its fields to the state-owned SOMO Company, and hand over the revenues to the federal public treasury.
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