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International oil companies withdraw from Kurdistan and prefer the south over the region
Politician Last update 06/26/2022 | 10:15 am
Information/Baghdad..
A member of the Parliamentary Economy and Industry Committee, Soran Omar, expected on Sunday that the Kurdistan region would witness withdrawals of international companies from the region, indicating that
these companies preferred their interests in the south over the problems and disputes between the region and the center.
Omar said, in a statement reported by the official "Al-Sabah" newspaper, which was seen by "The Information", that "it is expected that we will witness other withdrawals of international companies from the region that have major projects in southern Iraq, which preferred their interests with the federal government legally over the problems and disputes between the region and the center."
He added, "All talks and negotiations so far are about positions and not about the region's entitlement or the problems between it and the center, especially with regard to oil and gas, and
it was necessary to solve the problem since the beginning of the Federal Court's issuance of its decision to cancel the oil and gas law in the Kurdistan region."
Regarding the economic effects of the withdrawal of companies from the region, Omar saw that “the withdrawal of foreign companies operating in the Kurdistan region will greatly affect the regional government in economic terms, especially since 90% of the region’s government revenues come from oil imports, and
therefore the withdrawal of these companies will stop the export of Oil, and this means ending the region economically, and we hope that this will not happen and that we will not reach this point.”
He continued, "In my opinion, international companies are not in their interest to fight this battle with the Federal Court," noting that "the only solution to this problem is the issuance of (the oil and gas law) in the Federal House of Representatives." finished/25
International oil companies withdraw from Kurdistan and prefer the south over the region
Politician Last update 06/26/2022 | 10:15 am
Information/Baghdad..
A member of the Parliamentary Economy and Industry Committee, Soran Omar, expected on Sunday that the Kurdistan region would witness withdrawals of international companies from the region, indicating that
these companies preferred their interests in the south over the problems and disputes between the region and the center.
Omar said, in a statement reported by the official "Al-Sabah" newspaper, which was seen by "The Information", that "it is expected that we will witness other withdrawals of international companies from the region that have major projects in southern Iraq, which preferred their interests with the federal government legally over the problems and disputes between the region and the center."
He added, "All talks and negotiations so far are about positions and not about the region's entitlement or the problems between it and the center, especially with regard to oil and gas, and
it was necessary to solve the problem since the beginning of the Federal Court's issuance of its decision to cancel the oil and gas law in the Kurdistan region."
Regarding the economic effects of the withdrawal of companies from the region, Omar saw that “the withdrawal of foreign companies operating in the Kurdistan region will greatly affect the regional government in economic terms, especially since 90% of the region’s government revenues come from oil imports, and
therefore the withdrawal of these companies will stop the export of Oil, and this means ending the region economically, and we hope that this will not happen and that we will not reach this point.”
He continued, "In my opinion, international companies are not in their interest to fight this battle with the Federal Court," noting that "the only solution to this problem is the issuance of (the oil and gas law) in the Federal House of Representatives." finished/25
