Arab Today, arab today total must end kurd deal or lose oil stake
Last Updated : GMT 16:53:47
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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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