July 6, 2022

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Baghdad moves against the Kurdistan region ... oil

Baghdad moves against the Kurdistan region … oil

Erbil asked an ambassador to streamline its relationship with the Security Council

As the Iraqi oil ministry announced yesterday that the federal government was trying to establish a new oil company in the Kurdistan region, the United Nations called on the United Nations to work to normalize relations between the two countries. Erbil reported that the regional government had asked the Security Council to send an ambassador. Central government.

The aim is to establish a new oil company in the region and enter into new service agreements with the oil companies operating there, according to a statement from the Federal Ministry of Oil. On May 7, Union Oil Minister Ihsan Abdul-Jabbar said the ministry would begin implementing a federal court ruling handed down in February that found the legal fundamentals of the oil and gas sector in the Kurdistan region to be unconstitutional.

The oil ministry said in a statement yesterday that it would take legal action against companies that continue to operate under “illegal production sharing agreements” and companies that “do not participate in good faith negotiations to restructure their contracts”.

In addition, the Kurdistan Regional Presidency called on the UN to normalize relations with Baghdad. The Security Council requested that in addition to the International Atomic Energy Agency’s ongoing inspections in Iran, that it monitor Iran’s compliance with “the steps required by the IAEA Board”. The region’s presidency said in a statement: “The UN Security Council has approved a request by regional leader Nesirwan Barzani to send an envoy to the United Nations to arrange talks between Erbil and Baghdad.” He added that “the Security Council will next week release a draft resolution to revise the work of the United Nations and discuss the issue in a special session.”
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