Wednesday June 10, 12:56 PM
Baghdad says will not compensate firms in KRG deals
BAGHDAD, June 10 (Reuters) - The Baghdad government will not pay firms that signed independent deals with Iraq's Kurdish region for the development of the Taq Taq and Tawke oilfields, Iraq's Oil Minister Hussain al-Shahristani said on Wednesday.
The two Kurdish fields were developed by Norway's DNO International (Oslo: DNO.OL - news) , Toronto-listed Addax Petroleum (AXC.TO - news) and Turkey's Genel Enerji.
'We will not discuss any compensation for these companies under any circumstances,' Shahristani said.
(Reporting by Ahmed Rasheed, Writing by Mohammed Abbas) Keywords: IRAQ/OIL KURDISTAN
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