The State Department again warns oil companies from signing deals with Iraq
Plus: A Turkish Invasion Update Iraq Oil Smuggling and Keeping Tabs on the Loot Iraqis Against Biden Remembering King Faisal II The U.S. is reiterating its plea to international oil not to sign oil deals in Iraq prior to a national oil law. "We continue to advise companies from outside of Iraq that they incur […]A handful of companies have signed deals with the Kurdistan Regional Government, which has passed its own regional oil law, moves that has bolstered the wedge between it and the central government. Hunt Oil Corp. was the first U.S. firm to sign a deal, which created additional tension in Washington.
‘Major moves’ is relative, however. A tit-for-tat economic battle is brewing as Turkey blames Iraq’s Kurdistan Regional Government for not doing enough to stop the Kurdistan Workers’ Party (PKK) if not supporting them outright.
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