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Parliamentary sources: Exxon Mobil suspended its contracts in the region
Ali Salman - 29/05/2012 PM - 7:20
Economic Buratha News
Deputy Chairman of the Committee on Energy and Oil MP / National Alliance / Ali Fayad, the Ministry of Oil has received an official letter from Exxon Mobil to freeze their contracts in Kurdistan, adding it is a global company understands its job responsibilities. Fayad said on Monday: The Exxon Mobil is one of the international companies that recognize the international laws and local regulations and understand what their responsibilities to the states in which they operate. He added that the federal government represents the true face of the laws of legitimacy and to ensure it has the right in the Constitution and is the decision and the case in the approval and ratification of the conclusion of oil contracts with companies in the country, noting that Exxon Mobil has responded to the request of the federal government to freeze their contracts in the region after the receipt of the Ministry of Oil message, including confirm this. He stressed: the importance of understanding of the Government of the Territory and cons of the rights and duties, and the need to comply with the stipulated by the Constitution of Iraq. Denied and the Ministry of Natural Resources in the Kurdistan Region, last Saturday the validity of the Federal Oil Ministry received a notice from the American company Exxon Mobil to freeze its activities in the oil sector in the region, condemning the decision of the ministry to stop exports of oil products to the region later.
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