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Zebari: We agreed with Baghdad on the export of 300 thousand barrels of oil per day from Kirkuk and 250 thousand of Kurdistan
The Iraqi government on Tuesday reached a formal agreement with the KRG authorities to end the long-standing dispute regarding oil exports and transform the budget payments to the semi-autonomous region.
He said Finance Minister Hoshyar Zebari said the two sides agreed to export 300 thousand barrels of oil per day from Kirkuk and 250 thousand barrels per day from the northern Kurdistan region via Turkey.
Zebari described the agreement as beneficial to both parties, saying it will contribute to increase Iraq's oil exports at a time when the country's budget suffers from falling crude prices and the war on militants to organize the Islamic State, who control a large part of the country.
Zebari, a Kurdish minister in the government of Baghdad that is scheduled to pump oil from the two regions through a pipeline connecting the Government of Iraq's Kurdistan to Turkey.
The minister stressed that it needs some works of art that KRG Stbdoha immediately.
He added that the agreement provides for the export of the Kurdistan Regional Government 250 thousand barrels per day to the Turkish port of Ceyhan that there are being delivered to the Iraqi Oil Marketing Company (SOMO).
He pointed out that the Kurdish government will also help to link the Kirkuk oil fields of its pipeline that extends to Turkey due to the destruction of the original pipeline, which is under the control of the organization Daash.
Under the agreement, the federal government will resume converting 17 percent of the general budget to the Kurdistan region will be sent an additional billion dollars to cover the salaries and equipment Kurdish peshmerga forces fighting alongside the Iraqi army against the organization of the Islamic state.
Zebari said that the agreement was reached today and approved by the Iraqi cabinet, adding that he became a final agreement.
Other officials confirmed the agreement and said it would support the public finances of Iraq.
Said Aram Sheikh Mohammed, the second deputy speaker of the Iraqi parliament that Iraq is currently facing an economic crisis will require to deal with the increase in oil production, which can not be accomplished without the support of the Kurdistan Regional Government.
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The Iraqi government on Tuesday reached a formal agreement with the KRG authorities to end the long-standing dispute regarding oil exports and transform the budget payments to the semi-autonomous region.
He said Finance Minister Hoshyar Zebari said the two sides agreed to export 300 thousand barrels of oil per day from Kirkuk and 250 thousand barrels per day from the northern Kurdistan region via Turkey.
Zebari described the agreement as beneficial to both parties, saying it will contribute to increase Iraq's oil exports at a time when the country's budget suffers from falling crude prices and the war on militants to organize the Islamic State, who control a large part of the country.
Zebari, a Kurdish minister in the government of Baghdad that is scheduled to pump oil from the two regions through a pipeline connecting the Government of Iraq's Kurdistan to Turkey.
The minister stressed that it needs some works of art that KRG Stbdoha immediately.
He added that the agreement provides for the export of the Kurdistan Regional Government 250 thousand barrels per day to the Turkish port of Ceyhan that there are being delivered to the Iraqi Oil Marketing Company (SOMO).
He pointed out that the Kurdish government will also help to link the Kirkuk oil fields of its pipeline that extends to Turkey due to the destruction of the original pipeline, which is under the control of the organization Daash.
Under the agreement, the federal government will resume converting 17 percent of the general budget to the Kurdistan region will be sent an additional billion dollars to cover the salaries and equipment Kurdish peshmerga forces fighting alongside the Iraqi army against the organization of the Islamic state.
Zebari said that the agreement was reached today and approved by the Iraqi cabinet, adding that he became a final agreement.
Other officials confirmed the agreement and said it would support the public finances of Iraq.
Said Aram Sheikh Mohammed, the second deputy speaker of the Iraqi parliament that Iraq is currently facing an economic crisis will require to deal with the increase in oil production, which can not be accomplished without the support of the Kurdistan Regional Government.
[You must be registered and logged in to see this link.]
