• HSBC

Iraq nullifies Kurdish deals

  • Iraq: Saturday, November 24 - 2007 at 15:52

Iraq's Oil Ministry has stated that all oil deals signed by the Kurdistan Regional Government have been nullified and 'will not be recognised', reported the AFP. The KRG has inked 15 exploration and exportation contracts with 20 international firms since it passed its own oil law back in August. Oil Minister Hussein Shahristani has previously declared the contracts as 'illegal'.

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