Kurdistan Oil Dispute Appears Resolved

The dispute between Baghdad and the Kurdistan Regional Government (KRG) over the legitimacy of international oil contracts signed by the Kurds appears to be over.

Baghdad’s dispute with Kurdistan froze oil exports from the region last year.

Asked if the dispute between the two Iraqi powers had been resolved, Iraqi Oil Minister, Hussain al-Shahristani, told reporters that it “is supposed to be resolved and the region will start handing over the oil at the beginning of next year.”

“The region informed us that they could produce 150,000 barrels (per day) next year,” he added.

On November 25, Kurdistan’s Oil Minister told Reuters that the Kurds anticipated recognition of its contracts from the new federal government.

Until now, Baghdad has held tight to its right to control all Iraqi energy resources including those in the semi-autonomous Kurdistan region.

Shahristan had described the contracts already signed by the Kurds as “illegal”. Now, however, the Iraqi Oil Minister said he was “not concerned with the contracts.”

(Source: AKnews)

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