We have reservations about Kurdistan regional agreements in the fuel sector
Iraqi oil minister Hayan Abdul -Ghani said on Wednesday that the Federal government had reservations about the fuel agreements that ended the Kurdistan region, and then oversaw the signing of two value agreement with $ 110 billion American companies.
He said the federal government should sign agreements and similar agreements.
The Iraqi Oil Ministry on Tuesday announced the Natural Resources Ministry in Kurdistan Regional Government to invest in the “Miran” and “Topkhana -Karma” sectors of Sulemania Governoret.
In a statement published on his Facebook page, the Ministry said: “Some news sites have broadcast a report released by the Kurdistan Regional Government, including new fuel agreements worth millions of dollars.” She said that she made it clear that she had rejected her policies for the agreement of the Ministry of Natural Resources in Kurdistan’s regional government, and that she would clarify the rejection of the Ministry of Natural Resources to invest in Sulemania’s Governorate and to invest in Fields (Miran) in Governorate; This is because these policies violate the decisions issued by the Federal Court of Case, which indicates the illegality of agreements that have been issued after the Federal Supreme Court’s decision in the numerical claim (59 Federals 2012 and its unit 110 Federal 2019).
“Despite the need to increase the investment of Iraqi gas and fill the local need to manage power plants in the country, the government has taken a clear violation of the Iraqi law,” the ministry said.
The Ministry explained that “oil wealth is the property of Iraqi people”, and “no measure should be through the Federal government to invest in this wealth”, which is the invalid of the Iraq constitution and the federal court decisions. “
Oil prices
The Iraqi oil minister said he hoped that prices would improve in the second half of this year due to the high global raw stocks due to the decline in oil prices.
According to Reuters, crude oil reserves in the United States have increased by 2.5 million barrels during the week ended May 16.
After the CNN network stated that Israel is preparing to touch Iran’s nuclear facilities, oil prices in session trading on Wednesday are trading at $ 66 for Brent Barrel, which has increased by more than one percent, which has broken from the mid -day.
