TSXV:ART.H - Post by User
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Strongbow11on Dec 31, 2010 11:25am
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Oil exports from Iraq's Kurdish north to resume
Oil exports from Iraq's Kurdish north to resume
Oil exports from Iraq's Kurdish north to resume
Cairo(AP) — Iraq's newly appointed oil minister says oil exports from thecountry's northern self-ruled Kurdish region will soon resume.
Abdul-Karim Elaibi told The Associated Press onSaturday the exports will be resumed "in the coming few days." Hedidn't set a date.
Exports from the north were halted a few months afterthey started in June 2009 amid a disagreement over payments between thecentral government in Baghdad and the Kurds.
Iraqi Kurds have unilaterally signed more than two dozens oil deals with Western companies that are deemed illegal by Baghdad.
Earlier this month, Elaibi's predecessor said the Kurds were committedto exporting 150,000 barrels a day. Iraq plans to export 2.25 millionbarrels a day next year, up from 1.9 million at present.