Iraq to respect Kurd oil deals: PMby Sammy Ketz Sammy Ketz – 19 mins ago
BAGHDAD (AFP) – Iraq will respect profit-sharing contracts signed by the Kurdistan region with foreign oil firms.
"The oil ministry accepted these contracts because the nature of the extraction in Kurdistan is different from Basra," he said in an interview, referring to Iraq's oil-rich southern province.
"There is a need for bigger efforts there, while in Basra it (oil) is closer to the surface. It's difficult to have service contracts in Kurdistan but it's normal to have them in southern Iraq," he added.