OTCPK:WSRLF - Post by User
Post by
clinch76on Aug 13, 2009 12:12am
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Post# 16214733
Strong words from Oil Minister on Sunday Night
Strong words from Oil Minister on Sunday NightWorth the read but a lot of political posturing for votes. Can't wait for this part of this company to be behind us BUT at that point the chance to buy more shares will be at a much higher SP.
https://www.sunjournal.com/node/101817
Political progress has been lagging, with lawmakers clashing over Kurdish oil deals with foreign companies and engaging in heated exchanges over a draft bill that would allow thousands of former members of Saddam Hussein's Baath party to return to their government jobs. Both measures are among the 18 benchmarks set by U.S. President George W. Bush's administration to encourage reconciliation.
Oil Minister Hussain al-Shahristani, using unusually strong language, told Iraqi state television late Sunday that the contracts signed by the self-rule Kurdish region were illegal and that the companies involved had been told so by the Iraqi government.
"They have acted alone and gave Iraq's oil to strangers," al-Shahristani, a Shiite, said.
"No region has the right to go it alone and sign a deal," he added. "This will lead to the breakup of Iraq ... oil is the business of the federal government and any attempt at extracting oil without the approval of the federal government is tantamount to smuggling."
The Kurds have insisted the deals are constitutional.