Word: kurdistan
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...Iraq's Arab-Kurd political conflict also directly affects oil investment in the three semi-autonomous Kurdish provinces in the North. Since 2006 the Kurdistan Regional Government has signed about 20 deals with small oil companies, and have begun exporting oil during the past year - the only new oil fields developed in Iraq in decades -. That violated the Iraqi government's decrees that such contracts, which bypassed Baghdad, are illegal...
...stalemate in parliament over oil has dragged on. Big Oil might also be emboldened to make deals on oil fields in the Kurdish areas since last week, when the Chinese oil giant Sinopec announced that it was acquiring the Swiss oil company Addax Petroleum, which operates in Iraqi Kurdistan. "It will be much more difficult to blacklist Sinopec," says Yousni. "This is China, a permanent member of the U.N. Security Council, not some small oil company," he says. Having dared to take on Baghdad, China has increased the Kurds' ability to become an autonomous economic power, and perhaps allowed other...
...Iraq Saying No to Kurdish Oil The Kurdistan Regional Government in northern Iraq says it will start exporting crude oil for the first time on June 1, despite a statement by the Iraq Oil Ministry calling the plan illegal. The Kurds, who control some of the country's largest reserves, claim that the Iraqi constitution allows them to broker deals with foreign companies; the ministry maintains that it controls all oil contracts and that any firm that signs without its approval will be blacklisted...
...worsening revenue picture for the Iraqi government apparently stirred talk among leadership in Baghdad of allowing the export of oil from Kurdish northern Iraq. Kurdistan, as the semi-autonomous region is known, has long sought to export its significant oil reserves. But the central government in Baghdad has always objected to any such move, insisting that Baghdad control the country's oil exports and its revenues. The dispute has proven to be one of the most intractable impasses in Iraqi politics. Early reports of a possible deal buoyed hopes for a breakthrough, but so far no agreement has emerged...
...opposition leaders, including the country's only legal Kurdish party, whom the government refuses to engage with to address the grievances of the large and restive Kurdish minority based mostly in the southeast. Kurdish lawmakers say they will speak to the president about ending the conflict with the militant Kurdistan Workers Party (PKK), which spills over into Iraq and is potentially destabilizing for the region, and more regional autonomy...