Arab Today, arab today total must end kurd deal or lose oil stake
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Total must end Kurd deal or lose oil stake

Arab Today, arab today

Arab Today, arab today Total must end Kurd deal or lose oil stake

Baghdad - AFP

French energy giant Total must end its dealings with the autonomous Kurdish region in northern Iraq or sell its stake in a major southern oilfield, Iraq\'s top energy official told AFP on Sunday. Total \"was requested to withdraw from this field, and it has been given a certain period to end this case by selling its share to another company or by ending the contract with Kurdistan,\" said Hussein al-Shahristani, the deputy premier responsible for energy affairs. He did not specify the time by which Total needed to make a decision. Kurdish authorities have signed dozens of deals with foreign energy firms on a production-sharing basis, contracts regarded as illegal by Baghdad which prefers per-barrel service fees. Total said on July 31 that it had signed an oil exploration deal with the Kurdish region, putting it on a collision course with the central government. The agreement came with relations between the autonomous region and Baghdad at a low ebb over multiple festering disputes, including over oil contracts and territorial claims.

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