Iraq rescinds Kurdish oil export deal

Published: Dec. 4, 2008 at 4:38 PM
Order reprints
BAGHDAD, Dec. 4 (UPI) -- Iraqi Oil Ministry officials said Thursday an agreement to allow Kurds to export oil was rescinded due to disagreements over royalties and future contracts.

The agreement between Oil Minister Hussain al-Shahristani and Kurdish Region Prime Minister Nejervan Barzani fell apart on Kurdish demands to write future oil deals and over the collection of royalties, Azzaman News reported.

The government refused both requests. Shahristani also said previous contracts written by Kurds must be rescinded.

But, in a press conference, Barzani insisted previous deals written by Kurds would not be withdrawn. He said Kurds were determined to export their oil

Currently, the Kurds collect 17 percent of the foreign revenue from Iraq's oil exports, the news site said.


© 2008 United Press International, Inc. All Rights Reserved.



Angels shut down Guerrero, Hunter (2 min)
Calif. lawmakers eye cost of illegals (2 min)
People who work sick hinder business (5 min)
2 charged in alleged immigrant kidnappings (7 min)
Warm conditions hindering wildfire efforts (12 min)
U.S. markets close mixed Friday (13 min)
Hard Tail girl's hooded jackets recalled (16 min)
fark
"She's an opportunistic gold-digging attention whore," says opportunistic gold-digging attention...
Llost llamas llocated in Llouisville
2001: Teacher fired for sleeping with student. 2003: Hired again by same school. 2006: Fired again...
Drunk man on tractor leads police on wild, 40-minute chase at speeds up to 12 MPH
Once suspected of causing leprosy and shunned because it's never mentioned in the Bible, the humble...
Robert Plant honored with Commander of the British Empire and promises not to boss around Jimmy...