Oil deal in Iraq may go to court

25 January 2010

An Iraqi independent MP has vowed to contest in a federal court the oil contract which British Petroleum and its partner China National Petroleum Corp had won to develop the giant Rumaila oil field last June, The Telegraph newspaper has reported. Shatha al Musawi claims that deals with foreign oil companies need to be properly approved by parliament under Iraq's constitution. The British oil major is not expecting any attempts to invalidate the contract to be successful, sources told the newspaper.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications