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The first shipment of Kurdistan's oil exports are heading for Europe
Friday, 23 May / May 2014 15:47
Twilight News / said the Kurdistan Regional Government of Iraq on Friday that the first shipment of oil from the region transported through a pipeline to Turkey has been sold to European markets, although revenue will be deposited in the creation of the Turkish Bank.
alt The government said in a statement seen by "Twilight News" that oil exports from the Kurdistan Turkish port of Ceyhan will continue despite the opposition of the Iraqi central government, which has threatened legal action against any company involved with what it considers "smuggling" of Iraqi oil.
It showed the government of Kurdistan in its statement that the tanker loaded with more than a million barrels of crude oil left last night from the port of Ceyhan towards Europe.
He added that this is the first sales of oil exported via a new pipeline in the territory of Kurdistan.
The statement said that the income will be treated as part of the region's share of the national budget of Iraq and Baghdad, which booked a part of it since the beginning of the year in response to the efforts of the Kurds to export oil independently.
The territory's government said it is still willing to negotiate with Baghdad and will comply with the obligations imposed by the United Nations to develop five percent of the revenue in a separate account to compensate for Iraq's invasion of Kuwait in 1990.
He said Turkish Energy Minister Taner Yildiz on Friday that the first shipment was sold to Italy or Germany.
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Friday, 23 May / May 2014 15:47
Twilight News / said the Kurdistan Regional Government of Iraq on Friday that the first shipment of oil from the region transported through a pipeline to Turkey has been sold to European markets, although revenue will be deposited in the creation of the Turkish Bank.
alt The government said in a statement seen by "Twilight News" that oil exports from the Kurdistan Turkish port of Ceyhan will continue despite the opposition of the Iraqi central government, which has threatened legal action against any company involved with what it considers "smuggling" of Iraqi oil.
It showed the government of Kurdistan in its statement that the tanker loaded with more than a million barrels of crude oil left last night from the port of Ceyhan towards Europe.
He added that this is the first sales of oil exported via a new pipeline in the territory of Kurdistan.
The statement said that the income will be treated as part of the region's share of the national budget of Iraq and Baghdad, which booked a part of it since the beginning of the year in response to the efforts of the Kurds to export oil independently.
The territory's government said it is still willing to negotiate with Baghdad and will comply with the obligations imposed by the United Nations to develop five percent of the revenue in a separate account to compensate for Iraq's invasion of Kuwait in 1990.
He said Turkish Energy Minister Taner Yildiz on Friday that the first shipment was sold to Italy or Germany.
[You must be registered and logged in to see this link.]
