Former MP: Mystery surrounds oil extraction contracts in Kurdistan
Former MP: Mystery surrounds oil extraction contracts in Kurdistan
12-11-2024
Information/Special..
Former MP Mohammed Al-Shabaki confirmed today, Wednesday, that the Kurdistan Regional Government did not provide any information about its contracts with oil extraction companies from the fields it seizes.
Al-Shabaki said in an interview with Al-Maalouma Agency, “The ambiguity surrounds the contracts of oil companies with the Kurdistan Regional Government, which seizes the fields, and there is political controversy over this issue and questions about whether these contracts were concluded with the government’s approval or not,” indicating that “this issue will be included in the amendments to the financial budget law for next year.”
He added, “A consulting company will audit these contracts to determine the cost of oil production in the Kurdistan Region and whether it exceeds $16 per barrel as the regional government claims or otherwise, because this information is not clear to the federal government, the Ministry of Oil, and the National Oil Marketing Company (SOMO),” indicating that “amending Article 12 of the budget, which is related to the cost of extracting Kurdistan oil, has no financial consequences.”
It is noteworthy that the House of Representatives is witnessing a state of confusion regarding amending Article 12 of the Financial Budget Law, while representatives confirm that the Kurdistan Regional Government does not send any money from its oil and non-oil revenues despite receiving its share of the general budget.
almaalomah.me
