Iraqi Kurds flex muscles over black gold reserves
Monday, 19 November 2007
ARBIL, Iraq, Nov 18 (AFP): Despite a veto from Baghdad, Iraqi Kurds have signed contracts with foreign firms to exploit their huge oil reserves which they vow will benefit the whole country.
Strengthened by the autonomy enshrined in the Iraqi constitution, the Iraqi Kurdish authority launched a regional oil policy in August, signing deals with overseas companies, to first achieve self-sufficiency and later exportation.
The authority has signed 20 contracts during the last three months and shows no sign of changing course.
Strengthened by the autonomy enshrined in the Iraqi constitution, the Iraqi Kurdish authority launched a regional oil policy in August, signing deals with overseas companies, to first achieve self-sufficiency and later exportation.
The authority has signed 20 contracts during the last three months and shows no sign of changing course.