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RainRyderon May 23, 2012 5:18pm
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Kurdish oil deals need Baghdad approval
Kurdish oil deals need Baghdad approval
Tuesday, May 22, 2012
The announcement of a new oil deal between Iraqi Kurdistan and Turkey was met with a warning from Baghdad, saying that it must obtain Baghdad's approval for any oil export deals signed with Turkey.
The Kurdish oil minister Ashti Hawrami said Iraqi Kurdistan is to construct a one million barrel per day pipeline over the next 12 months through which oil and gas will be carried through Turkey.
Ali al-Moussawi, media adviser to Prime Minister Nouri al-Maliki, said the Iraqi government said the deal must adhere to regulations that mean Baghdad gets a fifty percent cut of the profits. Also, oil must pass through government pipelines, a route the new deal would sidestep.
"We envisage the building of a new pipeline taking Kurdistan's oil, particularly the heavier component part to Cihan," Hawrami said at a conference with Taner Yildez, the Turkish energy minister.
Demonstrators burned Turkish flags outside the consulate in the southern city of Basra over the weekend, and after Nouri al-Maliki, prime minister, described Turkey as a hostile state.
https://www.oilvoice.com/n/Kurdish_oil_deals_need_Baghdad_approval/7e6dcd3e6954.aspx