Kurdish Oil Deals
In October of 2007, the Kurdish Regional Government reached new deals with international companies for the exploration of oil in Iraqi Kurdistan. The four deals made by the autonomous region of Iraq created tension with the National Government in Baghdad.
Fast Facts
- Deals reached with Heritage Oil Corp. and Perenco S.A.
- Kurdish government believes the deals to be constitutional1
- Iraqi government has criticized deals; wants control of the country's oil to remain centralized1
- $500 million invested1
- A national oil and gas law has not been passed by Iraq's parliament2
- Prime Minister al Shahristani said Syria, Iran and Turkey would only allow the Iraqi Federal Government's oil into their countries2
Iraqi Kurdistan Facts
- Region of Northern Iraq covering 40,000 square kilometers3
- Population: 5 million3
- Governed by the Kurdistan Regional Government (KRG)3
- Current Prime Minister: Nechirvan Barzani3
- Regional capital: Erbil4
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