The Supreme Court of the Federal Government of Iraq (FGI) in Baghdad has made two landmark legal rulings that have significant, if not catastrophic, implications for the exploration, development, and extraction operations of international oil companies (IOCs) working in the northern Iraq semi-autonomous region of Kurdistan.
First, it ruled last week that sales of oil and gas by the region’s government, the KRG, independent of the central government in Baghdad, is unconstitutional and that the KRG must hand over all oil production to…Western Oil Companies Grapple With Uncertainty In Kurdistan
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