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Iraq bans Kurdish firm Kar Group from operating Kirkuk oilfields


09 Jan 2018

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Iraq’s parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk’s oilfields, following Iraq’s recapture of the Kurdish-held oil region in October.

The Kurds have withdrawn from most Kirkuk oilfields since October but the vote came after lawmakers said the Kar Group refused to cooperate with Iraq’s state-run North Oil Co. (NOC) and hand back the Khurmala oilfield.

The Kurds claim Khurmala is located inside the official boundaries of the semi-autonomous Kurdish Regional Government KRG.

Parliament also authorised NOC to take over production and export operations at the field. That will potentially increase Iraq’s oil production and crude exports, although it was unclear by how much.

Click here for full Reuters article

Source: Reuters





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