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Baghdad confirms its commitment to share the Kurdistan region of oil derivatives
SUNDAY, JULY 1, 2012 04:18
Baghdad said the Iraqi Oil Ministry on Saturday it did not cut off or reduce the share of the Kurdistan region of oil derivatives, despite the continuation of the Northern Territory Government have refused to deliver oil to the central authorities since April.
According to a ministry statement received by AFP a copy of it today, "Oil Ministry denies statements that talked about the cut or reduce the region's share of oil products and prepared completely alien to the truth." The statement added that "officials are demanding the allocation of 17% of refined oil refineries in the center and south, as well as retaining the quantities produced from refinery region." The Ministry of Oil that "the province has stopped delivery of the amount of 175 thousand barrels per day of oil from its fields to the oil marketing company + Sumo + since last April, is the cause of depriving the budget of large financial revenues." It also renewed the charge of the Kurdistan region to sell crude oil without the consent of central government, "very low prices." The statement came in response to comments by the President of the Kurdistan Regional Government Prime Minister Barzani on Thursday evening and that in which he accused the central government to "reduce the region's share of fuel significantly beginning of this year and last month." The government of Iraqi Kurdistan announced on the first of April last stop exporting oil "until further notice" because of the lack of access to the money claimed by the central government for nearly a year. The authorities announced the Kurdish region's autonomous in May 2011 that Baghdad had paid money to contractors working in the region, and this was the last time by announcing on the collection of revenues. About the region and signed 40 contracts with international companies without seeking the approval of the Ministry of Oil in the central government, which refuses to sign contracts with the companies agreed to deal with the Kurdistan region without consulting it. Iraq produces more than three million barrels of oil per day, and emits more than two million, and oil accounts for 94 percent of the country's revenues. Iraq has the third oil reserves in the world is estimated at 115 billion barrels after Saudi Arabia and Iran.
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