Kurdistan Says It Will Deposit the Revenues From Oil Sales in the Creation of the Turkish Bank
|May 23, 2014||Filled under Kurdistan News|
Kurdistan News –
Said the Kurdistan Regional Government of Iraq on Friday that revenues of the first shipment of oil from the region transported through a pipeline to Turkey will be deposited in the creation of the Turkish Bank.
She said in a statement seen by “Twilight News” that oil exports from the Kurdistan Turkish port of Ceyhan will continue despite opposition Iraqi central government, which is that sales are illegal.
He said Turkish Energy Minister Taner Yildiz on Friday that the first shipment of the region’s oil exports transported by Onabebh new line to Turkey was sold to Italy or Germany.
He said in comments broadcast channel MTV. RSS. T TV on the air, “This crude oil is likely to go to Italy or Germany.”
He added that the size of the shipment of about 1.05 million barrels of within about 2.5 million barrels were stored in the port.
The Kurdistan and Turkey have concluded a year agreements in the field of energy include the export of oil from the Kurdistan Region directly to Turkey via a new pipeline was completed a few months ago and extends to the port of Ceyhan.
The agreement raised the wrath of officials in Baghdad, who assert that the federal government is the only owner of the right in the management of energy resources, and it rejects any attempt to export oil in isolation from it.
Baghdad and included a clause in the draft budget for 2014 is required Kurdistan to export 400 thousand barrels per day of oil in favor of the federal government, otherwise they will be exposed to deduct part of their budget.
Over the months conducting Baghdad and Erbil talks as Turkey tried to mediate between the two sides to find a way out of the crisis, which has worsened recently after wave of Baghdad to cut off funds for Kurdistan and delayed sending the salaries of employees since the beginning of this year.
The Kurdish transports crude to world markets via a pipeline Kirkuk – Ceyhan which is controlled by Baghdad to Turkey, but the Kurdish exports across the track stopped in late 2012 because of a dispute over payments.
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