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Iraq draft budget intensifies Kurd oil export row
Reuters
4:07 p.m. EST, January 15, 2014
BAGHDAD (Reuters) - Iraqi Kurdish ministers walked out of a cabinet session on Wednesday in protest at the country's draft 2014 budget, further complicating a feud over the autonomous region's plans to export crude via a new pipeline to Turkey.
The Kurdistan Regional Government (KRG) said last week that crude had begun to flow through the pipeline, and exports were on track to start at the end of January, inviting bidders to register with the Kurdistan Oil Marketing Organisation (KOMO).
Baghdad rejected that as a violation of the constitution and on Wednesday reiterated that Iraq's State Oil Marketing Organisation (SOMO) had exclusive rights to sell crude from Kurdistan and the rest of the country.
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Reuters
4:07 p.m. EST, January 15, 2014
BAGHDAD (Reuters) - Iraqi Kurdish ministers walked out of a cabinet session on Wednesday in protest at the country's draft 2014 budget, further complicating a feud over the autonomous region's plans to export crude via a new pipeline to Turkey.
The Kurdistan Regional Government (KRG) said last week that crude had begun to flow through the pipeline, and exports were on track to start at the end of January, inviting bidders to register with the Kurdistan Oil Marketing Organisation (KOMO).
Baghdad rejected that as a violation of the constitution and on Wednesday reiterated that Iraq's State Oil Marketing Organisation (SOMO) had exclusive rights to sell crude from Kurdistan and the rest of the country.
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