CAIRO Nov 28 Oil contracts signed by the
Kurdish regional government (KRG) with foreign oil companies are
not recognised by central government in Baghdad, Iraqi Oil
Minister Hussain Shahristani said on Friday.
The comments come despite an initial agreement on Thursday
between the central Iraqi oil ministry and the largely
autonomous Kurdish authorities to allow exports from Kurdistan
Norwegian oil company DNO (DNO.OL) has a concession with the
KRG from which it hopes to start exports of 100,000 barrels
daily in the first quarter of next year.
But Shahristani said the revenues from oil produced anywhere
in Iraq belonged to central government for redistribution around
"Those contracts have not been reviewed by the ministry of
oil and have not been recognised by the federal government," he
told reporters in Cairo.
"The decision is that any oil that is produced in any part
of the country has to be handed over to the federal government
and the ministry of oil will export it. The revenues will go to
the central budget for distribution inside the country."
Shahristani was speaking to reporters before a Saturday OPEC