All data is delayed
Loading...
See More

Iraq reserves right to sue over oil

Jan 10 2013 12:50
Reuters
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

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

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

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...