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Thirty-five cargoes of crude oil shipped via independent Kurdistan pipeline: minister
Turkish Energy Minister Taner Yildiz.
ISTANBUL,— Thirty-five cargoes carrying 25 million barrels of crude oil have been shipped through the Kurdistan regional government's independent oil pipeline via Turkey as of the start of this week, Turkish Energy Minister Taner Yildiz said on Thursday. Yildiz was speaking during an Atlantic Council meeting in Istanbul after Iraqi Kurdistan and the federal government in Baghdad reached a deal last week in the long standing dispute over the sharing of oil revenues. It is hoped that the Turkish minister will meet with Iraqi and Kurdish counterparts this week to discuss the program to resume pumping crude from Kirkuk oil fields to the Turkish port of Ceyhan on the Mediterranean. Meanwhile Turkey's sole oil refiner Tupras will begin purchasing crude oil from northern Iraq shipped by pipeline and sold by the Iraqi state's Oil Marketing Company (SOMO), Deputy General Manager Hasan Tan said on Thursday. The oil will be transported to the Turkish Mediterranean port town of Ceyhan, Tan told reporters on the sidelines of an energy conference. The announcement comes a week after the government of Iraq and the semi-autonomous region of Kurdistan reached a deal to settle a long-running dispute over oil-revenue sharing in which Kurds will give Baghdad half of its overall shipments in exchange for civil servants' salaries.
Kurdistan government approved plans to create an oil exploration and production company separate from Iraq's central government and a sovereign wealth fund to take in all energy revenue.
Kurdistan Regional Government (KRG) ratified in its session last week, led by PM Nechirvan Barzani the draft law of (Kurdistan company to explore and produce oil) and the law of (imports of oil and gas fund company in Kurdistan region).
Kurdistan said last week it had reached a breakthrough deal with Baghdadwww.Ekurd.net in a long-standing dispute over oil sales and salary payments.
The Kurdistan Regional Government (KRG) said Baghdad had agreed to a $500 million payment in exchange for the transfer of 150,000 barrels of Kurdish oil per day to the federal government.
The deal was reached at a meeting in the Kurdish capital Erbil between Iraqi Oil Minister Adel Abdel Mahdi, Kurdish Prime Minister Nechirvan Barzani.
Meanwhile Iraqi government transferred $500 million to Kurdistan region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the finance minister said.
The move eases tensions between Iraq's federal and Kurdistan governments, paving the way for a lasting settlement as well as possible increased cooperation against jihadists they are both fighting.
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Turkish Energy Minister Taner Yildiz.
ISTANBUL,— Thirty-five cargoes carrying 25 million barrels of crude oil have been shipped through the Kurdistan regional government's independent oil pipeline via Turkey as of the start of this week, Turkish Energy Minister Taner Yildiz said on Thursday. Yildiz was speaking during an Atlantic Council meeting in Istanbul after Iraqi Kurdistan and the federal government in Baghdad reached a deal last week in the long standing dispute over the sharing of oil revenues. It is hoped that the Turkish minister will meet with Iraqi and Kurdish counterparts this week to discuss the program to resume pumping crude from Kirkuk oil fields to the Turkish port of Ceyhan on the Mediterranean. Meanwhile Turkey's sole oil refiner Tupras will begin purchasing crude oil from northern Iraq shipped by pipeline and sold by the Iraqi state's Oil Marketing Company (SOMO), Deputy General Manager Hasan Tan said on Thursday. The oil will be transported to the Turkish Mediterranean port town of Ceyhan, Tan told reporters on the sidelines of an energy conference. The announcement comes a week after the government of Iraq and the semi-autonomous region of Kurdistan reached a deal to settle a long-running dispute over oil-revenue sharing in which Kurds will give Baghdad half of its overall shipments in exchange for civil servants' salaries.
Kurdistan government approved plans to create an oil exploration and production company separate from Iraq's central government and a sovereign wealth fund to take in all energy revenue.
Kurdistan Regional Government (KRG) ratified in its session last week, led by PM Nechirvan Barzani the draft law of (Kurdistan company to explore and produce oil) and the law of (imports of oil and gas fund company in Kurdistan region).
Kurdistan said last week it had reached a breakthrough deal with Baghdadwww.Ekurd.net in a long-standing dispute over oil sales and salary payments.
The Kurdistan Regional Government (KRG) said Baghdad had agreed to a $500 million payment in exchange for the transfer of 150,000 barrels of Kurdish oil per day to the federal government.
The deal was reached at a meeting in the Kurdish capital Erbil between Iraqi Oil Minister Adel Abdel Mahdi, Kurdish Prime Minister Nechirvan Barzani.
Meanwhile Iraqi government transferred $500 million to Kurdistan region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the finance minister said.
The move eases tensions between Iraq's federal and Kurdistan governments, paving the way for a lasting settlement as well as possible increased cooperation against jihadists they are both fighting.
[You must be registered and logged in to see this link.]
