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Iraq Minister of Oil Confirms: No Oil Revenue Agreement Has Been Reached with Kurdistan

The ongoing dispute between Iraq and Iraqi Kurdistan continues as has not not yet pumped oil to Turkey via the Kurdish pipeline, according to the Iraqi Minister of Oil.

The ongoing dispute between Iraq and Iraqi Kurdistan continues as has not not yet pumped oil to Turkey via the Kurdish pipeline, according to the Iraqi Minister of Oil. 

In the past, Iraqi government owned, North Oil Company was pumping 150,000 barrels per day into the pipeline through Kurdistan and ultimately to the port in Ceyhan, Turkey. Adel Abdul Mahdi had stated via his Facebook page that the Iraq government would not pump oil from fields owned by the state through northern Iraq. 

"We have two options" in order to resume pumping, the minister said, demanding either a return to a previous oil agreement between Baghdad and the Kurdish Regional Government (KRG), or making a new agreement.

The original agreement between the KRG and Iraq outlined 550,000 barrels a day of crude produced in Kurdistan would go to the Iraqi government in return for a 17% share of Baghdad's federal budget. However, this agreement was suspended after the KRG stopped the oil transfer, and so the KRG did not receive any monies from the federal budget.  

 

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