Home / Economy / Economics / Kurdistan PM Moves to Reassure Oil Companies in Kurdistan

Kurdistan PM Moves to Reassure Oil Companies in Kurdistan

The KRG delegation to Baghdad will discuss the developments over the KRG-Baghdad deal.
The KRG delegation to Baghdad will discuss the developments over the KRG-Baghdad deal.

A Kurdistan Regional Government (KRG) delegation is to visit Baghdad to discuss the implementation of the Erbil-Baghdad agreement. The Kurdistan Prime Minister has asked oil companies to resume work.

Kurdish member of the Iraqi Parliament Tariq Gardi told BasNews, “A technical committee from the KRG will visit Baghdad soon to oversee Kurdistan oil exports.”

He continued, “The security situation in Kurdistan has improved and the KRG is telling oil companies that it is safe to resume exploration and drilling in Kurdistan.”

“Kurdistan Region Prime Minister Nechirvan Barzani and his cabinet are committed to providing a secure environment for the oil companies.”

The KRG signed an agreement with the central government in regards to oil and the federal budget last December. Baghdad has been failing to send the agreed share of the budget to the KRG since January 2014.

Some foreign oil companies suspended their business in Kurdistan when Islamic State (IS) militants attacked the region last June. They are now being invited to resume their activities as the Peshmerga have secured Kurdistan’s frontlines.

BasNews

Check Also

A flame rises from a pipeline at Tawke oil field near Duhok. Photo: Azad Lashkari for Reuters

KRG: July’s Oil Export Income Around $390 Million

The Ministry of Natural Resources of the Kurdistan Regional Government said that revenues accrued from …