Iraq's regional Kurdish government will increase its oil exports to Turkey and deliver up to 625,000 barrels per day starting from June, an official from the Kurdish parliament announced Wednesday.
"We will keep raising the oil delivery due to the Dec. 2 agreement between Erbil and Baghdad," said Delshad Shaban, the deputy head of the oil and gas committee in the Kurdish parliament.
"The Kurdish government will stick to the agreement," he added.
The regional government promised 550,000 barrels per day, but due to the conflict in the region, oil exports from the Kurdish region have been lower than the determined targets, said Shaban.
"The additional 75,000 barrels will be counted for the loss in promised targets," he added.
Shaban maintains the main reasons for the failure in oil export targets are due to Daesh's control of certain oil wells in Kirkuk and certain breakdowns in oil pipelines.
According to an agreement reached between Erbil and Baghdad on Dec. 2, the Kurdish government was to export 250,000 barrels of oil per day and the Kirkuk province 300,000 barrels per day under the supervision of the Iraqi federal government’s oil marketing company, SOMO.
In return, Baghdad was to provide 17 percent of the national budget.
www.aa.com.tr
29/4/15
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"We will keep raising the oil delivery due to the Dec. 2 agreement between Erbil and Baghdad," said Delshad Shaban, the deputy head of the oil and gas committee in the Kurdish parliament.
"The Kurdish government will stick to the agreement," he added.
The regional government promised 550,000 barrels per day, but due to the conflict in the region, oil exports from the Kurdish region have been lower than the determined targets, said Shaban.
"The additional 75,000 barrels will be counted for the loss in promised targets," he added.
Shaban maintains the main reasons for the failure in oil export targets are due to Daesh's control of certain oil wells in Kirkuk and certain breakdowns in oil pipelines.
According to an agreement reached between Erbil and Baghdad on Dec. 2, the Kurdish government was to export 250,000 barrels of oil per day and the Kirkuk province 300,000 barrels per day under the supervision of the Iraqi federal government’s oil marketing company, SOMO.
In return, Baghdad was to provide 17 percent of the national budget.
www.aa.com.tr
29/4/15
--
-
Related:
Iraq: Baghdad, Erbil agree to resolve oil export issue
Kurdish energy minister praises Turkey for oil sales (“the most political oil in the world”)
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