Article: IRAQ - Focusing On The Non-Oil Sector - Part 21 - Iraq - Baghdad Asserts E&P Rule.

The central government in Baghdad says its Oil Ministry is the sole authority for the negotiation and conclusion of any petroleum exploration and production (E&P) agreement concerning any part of Iraq. Iraqi Oil Minister Hussein al-Shahristani on Nov. 24 reiterated a warning he had made repeatedly in recent weeks that Baghdad will not recognise any petroleum E&P agreement signed between oil firms and the autonomous Kurdistan Regional Government (KRG). He said such firms will be barred from doing business in the country and from exporting oil, stressing: "Any company that has signed contracts without the approval of the federal authority of Iraq will not have any chance of ...

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