+44(0) 800 772 3004

Iraq Ministry of Oil and Kurdistan Regional Government (KRG) Fail to Reach Oil Agreement

“the previous oil agreement [between the KRG and the Iraqi government] is still in effect.”

The new proposed oil agreement between Baghdad and the Kurdistan Regional Government (KRG) has been denied by the Iraqi Ministry of Oil on Friday. 

In a statement, the Ministry of Oil dismissed any agreement between Erbil and Baghdad stating, “the previous oil agreement [between the KRG and the Iraqi government] is still in effect.”

Member of the Patriotic Union of Kurdistan (PUK), Hero Ibrahim Ahmed urged Prime Minister of Iraq, Haider al-Abadi to halt the exportation of oil from Kirkuk via Kurdistan pipelines.  Mr. Ahmed explained Kurdistan’s position in the agreement in an official letter to Prime Minister Abadi. Details of the agreement outline Baghdad will export 50 percent and Kurdistan region 50 percent via Turkey’s Ceyhan port. According to the Ministry of Oil, “the ministry tried to restore control over the administration of all other oil fields in Kirkuk which was under the charge of the government-owned North Oil Company (NOC) before IS entered Iraq.” Also in the report were statements regarding the reason for stopping oil exports via Kirkuk, which involved Ceyhan port pipeline going offline for several days,“with the continuous halt of the oil exports, the NOC was forced to reinject the Kirkuk oil to the fields,” the statement expanded…The restoration of the oil exports to Ceyhan port will provide more revenues for the government, Kirkuk’s petrodollar, and the company’s operational expense.” 

An agreement was previously reached on August 29th 2016 which outlined that both the KRG and Baghdad would both export oil via Kirkurk. 


Read more news like this

Kurdistan News