Friday, 15 May 2009

Let's see to where this will take us

The Iraqi Oil Minister, Hussain al-Shahristani, has fired back from neighboring Jordan toward the Kurdistan Regional Government and other parts of the world where the International Oil Companies, who hold contracts with the Kurds, are based.

Al-Shahristani eventually broke his silence and put the dots on the letters, as the Arabic language puts it, when said: "Those who signed the contracts with these companies are responsible to pay back and compensate them."

"The company won't receive from the oil ministry any dollar or a barrel of oil," al-Shahristani told Dow Jones Newswires in an interview late Thursday night.

On Friday afternoon, the usually quiet al-Shahristani became more aggressive, challenging the KRG's Natural Resources Minister, Ashti Hawrami if he can get the companies' share from the produced oil.

‘If [the Kurdish oil minister] can get a dollar out of the [Iraqi finance] ministry, let him call me,’ he told the Financial in a video interview.

Now your turn comes Mr. Hawarmi, but try to bring something new not only mentioning the same "constitutional rights," something practical on how these companies will be paid.

And let's see to where this will take us....