Iraqi Kurds ready to share revenue from oilfields

[ECH1969]

Iraq's semi-autonomous Kurdish regional government said it stands ready to share revenue from its oilfields with the rest of the country, but wants the final word on how and with which partners they should be developed.

Ashti Hawrami, Minister of Natural Resources in the Kurdistan Regional Government (KRG), added on Wednesday the KRG aims to enact its own petroleum law in the coming weeks and secure new oil deals with foreign companies during October.

"We have no intention of withholding revenue from the central government," Hawrami said at a briefing for potential investors in London.

Concerns about how Iraq's oil resources the world's third biggest will be shared has been a source of discontent among Sunni Arabs, who fear autonomous deals by Kurds in the north and Shi'ites in the south will cut them off from Iraq's oil wealth.

http://www.gulfnews.com/business/Oil_and_Gas/10069161.html

[zonkers]

1. Now that cutting up the money pie is ready to be discussed, whatch the

fighting subside. It's always been about the money. Just like here. Don't kid yourselves.

[nealmhughes]

2. So, in other words, the Kurds are OK with getiting the power back on

in Baghdad and paying the ER personnel and the school teachers....

[Parche]

3. oil

Ok for the next $600 billion in oil revenues goes to the American public in the form
of tax rebates, people only, no corporations....................I want my tax dollars back