KRG to continue its oil policy, says Spokesperson Dizayee
“We will continue our own oil sales policy,” Safeen Diayee, Spokesperon for the KRG, said in an interview with the U.S based National Interest Magazine. “KRG Prime Minister Nechirvan Barzani is resilient on developing this [oil] industry and helping facilitate companies investing in the oil industry in Kurdistan.”
Diayee said that despite the negative impacts of the war, KRG oil and gas policy is generally going in the right direction.
“95% of Kurdistan Region’s budget depends on oil revenues,” Dizayee told the National Interest. “In normal situations, the KRG uses oil revenues for developing agriculture, tourism and other industries aimed at minimizing its dependence on oil.”
Dizayee argues that Kurds have the right to sell their own oil, especially at a time when Baghdad doesn’t pay the Region’s budget share. This is particularly true, he believes, since Kurdistan is in a war against the Islamic State (ISIS) and has more than 1.8 million displaced people.
Dizayee argues that the government has tried its best to find funding for the budget and that it will continue its independent oil sales policy; however, if Baghdad is willing to reach an agreement, the KRG would welcome it.