Baghdad’s decision also indicates there will be no quick solution to the impasse that has stalled the passage of a new federal oil legisalation for Iraq, which, in turn, is delaying up plans to form an Iraqi national oil company.
“Sinopec is blacklisted unless it changes its position and withdraws from these contracts,” Abdul al Ameedi, the deputy head of the Iraqi oil ministry’s petroleum contracts and licensing directorate, told Dow Jones. “We have cancelled Sinopec’s pre-qualification.”
