®
Home - Advertise - About - E-mail

 Daily Online News - Independent daily Newspaper  Add URL | Link to us

 Flights to Kurdistan

 Ekurd.net RSS Feed News Archive Today in the History  

Download

 Kurdish Music Box



IKB Travel & Tours Ltd. Youshouldtravel.com
Direct Flights from London to Sulaimaniyah, Kurdistan-Iraq

 


 

Custom Search over 70,000 pages on Ekurd.net

 

 Iraq warns Kurdistan against striking oil deal with Turkey

  News 
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Iraq warns Kurdistan against striking oil deal with Turkey  21.5.2012  
By Palash R. Ghosh - The International Business Times








Kurdistan Regional Government Natural Resources Minister Ashti Hawrami (R) speaks with Turkish Energy Minister Taner Yildiz during a joint news conference in Erbil, Kurdistan region of Iraq on May 20,2012. Photo: Reuters
See Related Links
May 21, 2012

BAGHDAD,— The central government of Iraq warned the Kurdish-ruled semi-autonomous Kurdistan region of northern Iraq that it must obtain Baghdad’s approval for any oil export deals signed with Turkey.

On Sunday, Iraqi Kurdistan unveiled an agreement to sell oil through Turkey into the international markets, thereby leaving Baghdad completely out of the loop. The Kurdish oil minister Ashti Hawrami said Iraqi Kurdistan will construct a huge 1 million barrel per day pipeline over the next 12 months through which oil and gas will be carried through Turkey.

"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.

Baghdad believes such an arrangement contravenes Iraqi laws, while Kurds assert they can sign any contract regarding their natural resources according to the terms of the constitution.

Since 2003, the Kurds have entered into dozens of gas and oil deals, all of which have been classified as “illegal” by the authorities in Baghdad, who have also blacklisted the companies involved, including Exxon Mobil Corp. (NYSE: XOM), from doing business in Iraq’s southern oilfields.

"We have no problem with any deals, but they have to be according to the Iraqi constitution and laws that govern relations between Baghdad and the Kurdish region," said Ali al-Moussawi,
www.ekurd.net an adviser to Iraqi Prime Minister Nouri al-Maliki.

Earlier this, the Kurds and the central Iraqi government entered into a deal under which Kurdistan would transport its oil to Baghdad, which would then sell it on the international market (with each side taking half of the revenue). However, in April, the Kurds cancelled this agreement, citing a payment dispute with Baghdad.

But Hawrami insisted that there is no distinction between Kurdish oil and Iraq oil.

"When we say oil from Kurdistan, it’s Iraqi oil," Hawrami said.

"There is no difference between Iraqi oil or Basra oil from Kurdistan."

A pact between Iraqi Kurdistan and Turkey was inevitable.

"If you look at Turkey, which is the second-fastest growing country in the world, its gas needs which increase significantly every year and then the price of oil, I think people realize that Turkey is looking to Iraq -- particularly the Kurdish regional government -- very carefully because of economics, not because of politics," Mehmet Sepil, chairman of Turkey’s Genel Energy, told al-Jazeera.

Iraq is now Turkey’s second biggest trade partner, although most of that trade is with the Kurdish region.

According to the Kurdish government, there are about 143 billion barrels of proven oil reserves in the south of Iraq, while the northern (Kurdish) semi-autonomous region has about 45 billion barrels,.

Meanwhile, any deals with Turkey will likely worsen already tense relations between Ankara and Baghdad.

Maliki of Baghdad was also outraged recently when Turkey’s Prime Minister Recep Tayyip Erdogan hosted Tariq al-Hashemi, the Iraqi vice president who had been issued an arrest warrant by Baghdad for allegedly forming death squads. Hashemi has since escaped to Iraqi Kurdistan for refuge.

Copyright ©, respective author or news agency, The International Business Times | ibtimes.com
 

Top

  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 
 

Copyright © 1998-2014 Kurd Net® . All rights reserved. Ekurd.net
All documents and images on this website are copyrighted and may not be used without the express
permission of the copyright holder.