Despite opposition from the national
government in Baghdad and its neighbors, the
Kurdistan Regional Government (KRG) has refused to
be held back by the indecision and infighting that
characterizes the central government. They have
charged ahead, passing their own Oil and Gas Law
and forming four regional oil-related companies -
the Kurdistan Exploration and Production Company,
Kurdistan National Oil Company, Kurdistan Oil
Marketing Organization and Kurdistan Organization
for Downstream Operations - and signed seven new
exploration deals with both Kurdish and
international petroleum firms. Kurdish officials
claim they are well within their legal right to go
forward with the exploration deals and that fears
of the KRG monopolizing subsequent oil revenues
are unfounded.
the oil deals
threaten to exacerbate their fragile and
historically hostile relationship with Turkey.