KRG to con­tinue its oil pol­icy, says Spokesper­son Diza­yee

The Kurdish Globe - - NEWS -

“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.

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