Kurdistan Declines to Confirm Shell Contacts

At the 'Iraq: Untapped Opportunities' conference in London on Tuesday, Padraig O'Hannelly, for Iraq Business News, pressed the Chairman of the Kurdistan Board of Investment, H.E. Herish Muharam, on reports that the KRG had been in discussions with Shell:

IBN: "Is it true that Shell was in discussions with Kurdistan relating to exploration contracts, and that it has since broken off those discussions?"

KBI: "Unfortunately I'm not well connected to the oil sector, but all I want to say is that we have a constitution that we will go back to, and try to understand it properly and have a common understanding under that articles of [the constitution]."

The Chairman gave no further clarification.

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