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February 18, 2008
NEWS
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Kurds Mull Case Vs Iraqi Oil Min Over Opposition To Oil Deals
Dow Jones Newswires - By Hassan Hafidh
The Kurdish semiautonomous rule is considering filing a case at Iraq's constitutional court against the federal Oil Minister Hussein al- Shahristani for opposing oil deals signed by the Kurds with foreign companies, the Kurdish government said in its Web site Monday.
"Head of Kurdistan region Massoud al-Barzani had said that he would perhaps file a complaint against al-Shahristani," it said.
Kurdish authorities have signed more than a dozen contracts with foreign companies to develop oil and gas fields in their region. Al-Shahristani has in recent weeks angrily denounced the Kurdish authorities for signing the contracts before the national parliament approves a new oil and gas law, declaring them " illegal" and saying foreign companies who signed these deals would be blacklisted by the Baghdad government.
"The Iraqi oil minister Hussein al-Shahristani is taking a hostile stance against these contracts," Barzani was quoted as saying.
The Iraqi Oil Ministry has decided to stop cooperation with foreign companies which have signed contracts with the Kurds.
It has recently suspended some 90,000 barrels a day of crude oil to South Korea because SK Energy (096770.SE) signed a contract with the Kurdish authorities. Baghdad also suspended crude oil supplies to Austria's OMV AG ( OMV.VI).
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