26 August 2014

Erbil, Kurdistan Region, Iraq -The Kurdistan Regional Government (KRG) today welcomed a decision by a United States District Court in Houston, Texas, which dissolved an order that prohibited more than 1 million barrels of oil produced in the Kurdistan Region from reaching the United States.

According to yesterday’s decision, Iraq’s complaint failed to establish any legal authority to prohibit the import of KRG oil into the United States.

This is now the second time that the Federal Oil ministry (MoO) has seen its efforts rejected by the courts. The first time, in June of this year, the Federal Supreme Court in Baghdad rejected MoO’s effort to suspend Kurdistan’s oil sales as being “contrary to the applicable legal contexts in Iraq.”

The KRG Minister of Natural Resources, Ashti Hawrami, stated: “We are pleased with yesterday’s events. The ruling of the Texas court should give confidence to buyers of Kurdistan crude oil in the US and elsewhere.”

Minister Hawrami continued: “We hope that yesterday’s ruling marks the end of MoO’s efforts to interfere with the economic rights of the Kurdistan Region. The KRG legally produces, ships, exports, and sells oil in accordance with the rights of the Kurdistan Region as set forth in the Iraqi constitution and embodied in international law.  We now hope that the New Federal Government, once it is formed in Baghdad, comes to terms with the KRG’s oil and gas rights and prohibits MoO from any further costly, damaging and unlawful efforts”.


As per KRG's agreement with the Iraqi government and under the 2015 Budget Law


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