Financial Times FT.com

Iraq faces clash with Kurds over oil deals

By Steve Negus

Published: May 23 2006 18:00 | Last updated: May 23 2006 18:00

Iraq’s newly appointed oil minister said on Tuesday that the central government should handle all contracts related to petroleum exploration and production, putting him on a potential collision course with the autonomous Kurdish region which has recently begun to develop its own oil resources.

Hussein al-Shahristani also said at a Baghdad news conference that the country hoped to pass an investment law soon to bring in foreign investment to upgrade the country’s battered oil infrastructure.

Iraq oil

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