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Ministry of Oil: Preliminary Agreement on the Export of Oil from the Fields of Kirkuk to Iran

The Rate of 30-60 Thousand Barrels Per Day can be Increased Through the Bbasin Until the Completion of the Extension of an Oil Pipeline for this Purpose.

 The oil minister signed a preliminary agreement between Iraq and Iran on Iraq's export of oil from the fields of Kirkuk to Iran at the rate of 30-60 thousand barrels per day can be increased through the basin until the completion of the extension of an oil pipeline for this purpose.

Oil Minister Jabbar Ali al-Allaibi said the minutes of the meeting signed by the Iraqi oil marketing company "Sumo" with the Iranian side in Baghdad

 Provides that the Iraqi side to transfer the quantities mentioned through trucks to the point of common border between the two countries near the province of Kermanshah while the Iranian side to deliver the same quantities and specifications across the common border in southern Iraq.

He added that this agreement contributes to the addition of a new export port of Iraq, which contributes to the disposal of Kirkuk oil and achieve economic feasibility for Iraq as well as strengthening economic relations with neighboring countries.

Pointing out that the initial agreement will be followed by the signing during the coming period on the final contract with the Iranian side after the agreement on some technical issues and executive, stressing that Iraq is keen to strengthen relations with neighboring countries, and plans the government and the ministry to establish strategic oil projects enhance the prospects of bilateral cooperation with Turkey, Jordan, Kuwait, Saudi Arabia and Syria, as well as Arab and friendly countries.  

Source: Ministry of Oil

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