বৃহস্পতিবার, ১৭ জানুয়ারী, ২০১৩

Kurdish oil trucking resumes

The Kurdistan Regional Government (KRG) last week gave permission to Genel Energy to begin direct oil sales to Turkey from the Taq Taq oilfield, in trade the central government in Baghdad says is illegal.

But trucked exports were stopped temporarily, with Reuters citing an unnamed industry source as saying the step was taken to introduce a "more rigorous monitoring system for the trucks".

Oil exports and contracts are at the heart of a wider dispute over territory, oilfields and political autonomy between Baghdad's Arab-led government and Kurdistan, where ethnic Kurds run their own regional administration.

Trucks loaded with crude from Taq Taq started to head for the Turkish border on Wednesday, Reuters quoted a source familiar with operations at the field as saying.

Genel's chief executive has said volumes could grow to 20,000 barrels per day in the coming weeks.

The KRG halted exports through the Baghdad-controlled Iraq-Turkey pipeline last month in a dispute over payments to oil companies operating in Kurdistan.

Baghdad insists it alone has the sole right to export oil.

Iraqi Oil Minister Abdul Kareem Luaibi said the ministry intended to sue Genel Energy and other companies for the export of crude from Iraqi Kurdistan.

Source: http://www.upstreamonline.com/live/article1314241.ece

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