Former Iraqi Oil Minister Plays Down Dispute With Kurdistan Production - Voice of America

Iraq's Oil Minister Hussain al-Shahristani says deals made by Kurdistan with foreign private oil companies to develop petroleum production in new fields for export starting next month are illegal. But a former Iraqi oil minister taking part in the Second Iraq Oil and Gas Summit in Houston on Wednesday expressed confidence that such disputes will be resolved and that the country's oil wealth will increase in the years ahead.

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Former Iraqi Oil Minister Ibrahim al-Oloum says he is confident political differences in his country can be resolved so that its oil wealth can be fully exploited. He hailed the Kurdistan Regional Government's plan to sell oil from its new fields and downplayed the dispute over direct deals made by the regional government with two foreign companies. "These differences, these political differences, really deprive the Iraqi people of development. We need to resolve them," he said.

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