A former MP reveals details of gas investment contracts in the Kurdistan Region.

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A former MP reveals details of gas investment contracts in the Kurdistan Region.

Former member of the Parliamentary Oil and power Committee, Ghaleb Mohammed Ali, confirmed on Monday that the groups making an investment within the gasoline quarter within the Kurdistan region are not American businesses as rumored, but as a substitute affiliated with the area’s ruling households.

Ali said in a assertion to dinaropinions.com that “the local authorities has concluded investment contracts with fictitious corporations, in spite of its repute as a caretaker authorities, that’s a clear felony violation.” He mentioned that “this kind of agencies is registered in the name of a former Iraqi soldier, and the alternative in the name of Tawfiq Shaheen, a bit-known parent.”

He brought, “The call of one of the agencies, “Zakros,” bears the call of a mountain in Kurdistan, which negates its being an American company, as the American aspect does not use nearby names for its businesses.”

He pointed out that “the second company, called “HKN,” does now not have any regarded oil contracts except for vintage contracts within the Kurdistan location courting returned to 2006 in the Sarsink and Artush fields in Duhok Governorate.”

Ali stressed that “the two agencies are in truth connected to the ruling families within the vicinity, noting that those contracts do not replicate actual investments but are controlled within the framework of own family hobbies.”