Data provided by iNet BFA
Loading...
See More

Iraq reserves right to sue over oil

Jan 10 2013 12:50 Reuters

File, AP)

Related Articles

Record oil price looms amid Iran quarrel

Oil curbs spark new rivalry

Oil lower on supply glut fears

Oil rises on Opec output target move

Oil rises ahead of key Opec meeting

Oil prices climb higher

 
Baghdad - Iraq has the right to take legal action against oil companies which export crude without dealing with the central government, including confiscating cargoes and filing lawsuits against sellers, buyers and transporters, the state-run SOMO company said on Thursday.

The statement made no reference to any company, but it was released after Genel Energy said Iraq's autonomous Kurdistan region had given permission for the company to deliver some crude directly by truck to Turkey.

Baghdad says only the central government has authority to export crude and sign oil deals. But Kurdistan has increasingly signed contracts with foreign oil majors as part of a broader dispute over contested oilfields.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

exports  |  oil
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilite herself from splurging on feel-good iitems and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...