KRG loses oil contract with S. Korea

baklawa

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Keleh Aga?  Azil makha reeshoo al gooda, didn't we say this would eventually happen?  :razz:

Iraq Resumes Crude Exports to South Korea

Iraq's Oil Ministry has agreed to resume oil sales to the South Korean company SK Energy after the company withdraws from a contract with the Kurds, Gulf News reported.

The ministry had suspended oil exports to South Korea's SK Energy and several other international firms to protest deals they had signed with the semiautonomous Kurdish government in northern Iraq.

But the decision will be reversed as South Korea's leading oil refiner has informed the Iraqi government that it plans to withdraw from the contract with the Kurds, head of the state oil marketing arm SOMO Falah Al Amiri said.

The Kurdish regional government in northern Iraq has signed more than 20 oil deals with foreign firms to work in Kurdish-controlled fields since it drafted its own oil and gas law in August last year.

The Shi'ite-led Iraqi central government says the deals are invalid with no national oil law in place.

http://www.iraqupdates.com/p_articles.php?refid=WH-S-15-12-2008&article=41378
 
As soon as Iraq begins forming a stable governing body.....the Kurds will be put back into their box!
 
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