PM:07:39:12/05/2022
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SULAIMANI— The Iraq National Oil Company (INOC) issued a
statement Thursday, (May 12) regarding the Kurdistan Region’s independent oil
and gas and exports, stating they were unconstitutional.
The company specifically stated the Region’s contracts were
against the constitution.
The Kurdistan Region cannot sign contracts and export oil to
foreign countries without the Federal government’s consent, according to the
statement.
The company also declared the federal government has the
right of supervising oil fields discovered in the future.
The INOC statement comes months after the Iraqi Federal
Supreme Court’s verdict in February that declared the Kurdistan Regional
Government’s law on the independent sale of the Region’s oil and natural gas
against the Iraqi constitution.
(NRT Digital Media)