Kurdistan seems to go blithely on signing these contracts even though the central government does not recognise them. It is not clear when if ever these conflicts will be sorted out.
Iraq’s Kurdistan Regional Government signs oil exploration deal with South Korea
Iraq Oil Report
on September 25, 2008
Media reports from Seoul say a Korea National Oil Corp.-led consortium has signed oil contracts with Iraq’s Kurdistan Regional Government.
The contracts were not verified by the KRG, which typically issues announcements when oil contracts are signed, Ben Lando reports for United Press International.
It has signed more than 20 production-sharing contracts since 2004, despite criticism from the central government in Baghdad, which claims regional and other local governments have no right to sign deals in the oil and gas sector. SK Energy, South Korea’s largest refiner and partner in a 2007 oil exploration and development deal signed between KRG and a KNOC-led consortium, was cut off from oil supplies by Baghdad in retaliation.