Bloomberg News

Iraq Deputy PM Shaways Opposes ‘Threats’ Against Oil Companies

February 15, 2012

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.

To contact the reporter on this story: Khalid Al-Ansary in Dubai at kalansary@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net


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