Oil expert warns oil companies invested in the region and invites them to resort to Baghdad.



2017-10-30 at 13:22 (Baghdad time)


Special – the balance of news


Economic Affairs Dept warned oil and Mohamed Daraghma, Monday, oil companies invested in Kurdistan from danger might threaten their investments to other security reasons, calling on these companies to start talks with the Federal Government tours would soon on all export ports.

He said on balance/news/"unstable security situation in the region could lead to fundamental beliefs without hostilities between Kurdish parties unless urgent solutions to the political situation and that's what oil companies and their employees for real security risks and impede its work and investments in the region."

He added that "the second challenge he faces those companies would be illegal is the incompatibility of the contracts signed between the Government of the territory and those businesses with the Federal Government and outside of the context of governmental licenses and exaggerated gains for those companies.

Calling on these companies to start talks with the Federal Government tours would soon on all export outlets and discuss the future of its work in Iraq and the possible legal and financial adjustments especially that the territorial Government owed huge amounts of these companies haven't been paid yet.

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