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Feb. 15 (Bloomberg) -- Iraqi Deputy Prime Minister for Economic Affairs Rosh Shaways asked government officials to stop threatening oil companies that are operating in the northern Kurdish region.
“These statements will give a negative picture to investors and violate the state’s public policy of opening the economy and promoting investments in all fields,” Shaways said in a statement e-mailed late yesterday.
Faisal Abdallah, a spokesman for Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, on Feb. 13 said Iraq may prevent Exxon Mobil Corp. from bidding in a new energy exploration round if it refuses to rescind agreements with the country’s semi-autonomous Kurdish region.
The central government wants oil companies to secure its approval before entering in agreements with the Kurdish regional government to develop oil and gas fields.
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