A statement by the Kurdish government’s Ministry of Natural Resources (MNR) said on Thursday the oil began to be exported via the Kurdistan region’s new pipeline to the port of Ceyhan in Turkey’s south.
Crude oil from Taq-Taq oil field and other producing fields will soon be added to the export system, the Ministry said.
- Exports expected to reach 10-12 million barrels by end of 2014
The MNR added that they invited representatives of State Oil Marketing Organization (SOMO) to join the process as observers.
"In order to ensure full transparency of the sales and contracting process, independent observers will be invited to each tender, together with representatives of the oil companies that have produced the exported oil," officials said in a press release.
Monthly exports are planned to start at two million barrels a month, and steadily increase to four million barrels by March and six million by April, eventually reaching 10-12 million barrels in December, 2014
aa.com.tr
9/1/14
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US VP Biden calls Iraqi Kurdish leader Barzani to discuss oil conflict...
ReplyDeleteU.S. Vice President Joe Biden urged the president of the Kurdish Regional Government (KRG) to work with the governments of Iraq and Turkey to resolve a conflict over the region’s oil.
Biden called President Massoud Barzani on Jan. 9, the same day his Kurdish regional government announced it has unilaterally started sending crude to Turkey. Iraq’s government and Kurds in northern Iraq are locked in a long-running dispute over oil rights.
The White House said Biden encouraged Barzani to talk with Baghdad to develop a way forward. Biden has been working the phones this week as violence flares in Iraq two years after the U.S. pulled out troops.
He has spoken twice with Iraqi Prime Minister Nouri al-Maliki and once with a leading Sunni lawmaker.
KRG announced on Jan. 8 that the first crude has started to flow through the autonomous Iraqi Kurdistan region's new pipeline across Turkey and the first independent exports are expected to begin at the end of this month.
The monthly export parcels will then increase to 4 million barrels and 6 million barrels in February and March respectively, it said. The monthly exports are estimated to reach 10-12 million barrels next December.
http://www.hurriyetdailynews.com/us-vp-biden-calls-iraqi-kurdish-leader-barzani-to-discuss-oil-conflict.aspx?pageID=238&nID=60835&NewsCatID=348
10/1/14