Commenting on the companies' withdrawal... Expert: There may come a day when the region will watch oil!
Politician Last update 06/26/2022 | 2:38 pm
Information / Baghdad.
The oil expert, Hamza Al-Jawahiri, confirmed, on Sunday, that the withdrawal of some oil companies operating in the Kurdistan region came due to their fears of losing their interests and preserving their investments inside Iraq, warning the region that there may come a day when it is watching its oil while it is underground.
Al-Jawahiri said in a statement to / the information /, that “the decision of the Federal Court regarding the region’s oil was clear and explicit in the interpretation of the paragraphs related to the region’s oil after it was a continuous dispute regarding its interpretation between the center and the region.”
Al-Jawahiri added, "The government must be strict and follow up on companies operating in the region that violate the decision of the Federal Court."
He explained, "The federal government, if it continues with this approach, will force the region to succumb to the decision of the Federal Court and go to approve the Federal Oil and Gas Law, and vice versa,
all companies operating in the region will withdraw in order to preserve their reputation and investment inside or outside Iraq, and
thus the region will become a spectator of oil while it is underground without extract”. finished / 25 AD