The mismanagement of oil and gas resources by the federal authority and its lack of respect for the Constitution and the many agreements it has signed, has cost Iraq not just billions of dollars of potential revenue but also myriad opportunities for national reconciliation.
Iraq really cannot afford to sustain these losses for much longer.
The KRG remains committed to Iraq’s Constitution, and is organizing its oil and gas industry in a professional and modern way. It will thus continue to move unwaveringly forward and not allow itself be sidetracked by cheap and counterproductive attempts at political sabotage.
The KRG’s stability, its economic dynamism and investor-friendly policies, plus its patience and flexibility on the political front, have been crucial factors in shepherding Iraq through the turbulent waters since the removal of the dictatorship in 2003.
Kurdish leaders have tried to prevent Iraq from descending into sectarian conflicts, and have consistently avoided taking sides in any internal strife. Had it not been for their role, one can only guess what unknown fate would have beset the country.
(Source: KRG)
Very well written! And top of all above, SOMO has collected the moneys for exporting all oil including the one from KRG territory. Unilateraly, SOMO and alikes do not honor the contracts with the OIC's operating in Kurdistan, but retain the money. Can you understand that many IOC's are alarmed and are calling this behavior for theft or even harder words?
The harsh language used by the Oil ministers in Baghdad may scare small oil companies and now with the consolidation of IOC's in Kurdistan, there is no way that Gazprom, Exxon and alikes will fell down for the rod of Baghdad.
Have you not learnt that capitalism and IOC's have a very good and large memory? They will never forget nor forgive such behavior.