Iraq plans tough steps against 'illegal' Kurdish crude exports
- Iraq: Thursday, January 17 - 2013 at 04:39
Iraqi oil minister Abdul Kareem Luaibi has said the government plans tough measures against the country's Kurdistan region and foreign oil companies working there to stop "illegal" crude exports in an escalation of its standoff with the autonomous enclave, Reuters has reported. Baghdad plans to sue Genel Energy, the first company to export oil directly from Kurdistan, and may cut the government's allocated budget to the region unless it halts what he rejected as smuggling, said Luaibi. Iraq's government insists it alone has the sole authority to export crude oil and sign deals, but Kurdistan says the constitution allows it to agree to contracts and ship oil independently of Baghdad.
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