World

May 15: Iraqi oil minister sounds contract warning

The Iraqi oil minister has told the Financial Times that his government will not be responsible for compensating international oil companies which are operating in the northern Kurdish region. Hussein Shahristani's comments appear to be designed to raise alarm among the companies which have signed contracts with the Kurdistan Regional Government. He tells Roula Khalaf, Middle East editor, that contracts signed with the KRG are not recognised by the Iraqi government.