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WorldPosted at: Oct 13 2020 4:24PM


Baghdad offers Erbil to set up company to manage oil operations amid disputes on policy

Cairo Oct 13 (Sputnik) Iraqi Oil Minister Ihsan Abdul Jabbar has proposed to establish a company to manage the oil extraction and export operations in the autonomous Iraqi Kurdistan region within the framework of talks between the central government and Erbil to resolve disputes over the oil policy, the state-run Iraqi News Agency (INA) reported on Tuesday.
The minister told INA that he has submitted a proposal to set up a company to run the petroleum extraction and export activities in the region’s oilfields, which would be technically and administratively linked to the Kurdistan administration and the Federal Ministry of Oil. According to the minister, this step will help to reach a final agreement between "the federal government and the region, including oil companies operating in producing provinces."
Abdul Jabbar said that there are positive agreements between the central authorities and the Kurdistan government on the production and export of oil extracted from the region’s oilfields "within the ongoing bilateral talks on the constitution-based oil policy."
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