World News

Baghdad sued the Iraqus autonomous Kurdistan Regional Government on US energy deal over $ 110 billion

Masrour Barzani, KRG’s PM, left, and state secretary Marco Rubio joined hands in the state department (File Photo: AP)

The Iraqi federal government has initiated legal proceedings against semi-lover Kurdistan Regional Government (KRG) on recent oil and gas agreements with American firms citing constitutional violations.The case filed by the Ministry of Oil of Iraq challenges two contracts, which KRG has developed KRG signed with HKN Energy and Westernjagros to Miran and Topkhana-Kurdamir gas areas in Sulemaniah province. During his visit to Washington DC, these deals declared by KRG Prime Minister Masaraur Barzani have been jointly given a price of $ 110 billion during his lifetime.Baghdad said that such agreements should receive federal approval, referring to the 2022 decision by the federal Supreme Court of Iraq, which considered KRG’s independent oil and gas law unconstitutional. The Ministry of Oil said that without federal monitoring, direct contracts between KRG and foreign institutions violate the Constitution of Iraq, and the deal leaves zero and zero. In response, KRG stated that the agreements were the expansion of the previously established contracts and fell within its constitutional rights. The Ministry of Natural Resources of KRG emphasized that these deals were not new and recognized by the Iraqi courts as legal and valid.The legal dispute is the complexity of resumption of oil exports through the Iraq-Tki pipeline, despite the pressure from the Trump administration, has become inactive from March 2023 after an international mediation against Turkey for unauthorized Kurdish oil exports. A sharp restart of oil exports from the Kurdistan region of Iraq can help unbalanced any decline in Iranian raw shipment, aims to reduce zero against Tehran under US President Trump’s “maximum pressure” campaign. Analysts stated that Washington’s functions aim to reduce the global impact of restricting Iranian oil supply.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button