News / Middle East

Iraq, Kurds Close to Deal on Oil Exports, Revenue

Turkish Energy Minister Taner Yildiz (L) and his Iraqi Kurdish counterpart Ashti Hawrami hold a press conference in Arbil, the capital of the autonomous Kurdish region in northern Iraq, Dec. 2, 2013.
Turkish Energy Minister Taner Yildiz (L) and his Iraqi Kurdish counterpart Ashti Hawrami hold a press conference in Arbil, the capital of the autonomous Kurdish region in northern Iraq, Dec. 2, 2013.
TEXT SIZE - +
Reuters
— Iraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights.
 
Turkish Energy Minister Taner Yildiz said on Tuesday an agreement over oil exports and revenue sharing could be reached this month. Iraqi Oil Minister Abdul Kareem Luaibi shared his optimism.
 
“There are no issues,” Luaibi said at a briefing ahead of an OPEC meeting in Vienna. He said technical, trilateral talks would take place in days to finalize details over revenue sharing and metering.

“There are some meetings that will be held to set the measures.”
 
Luaibi said the central government would retain control over the oil revenue, which would be shared with the Kurds.
 
Yildiz traveled to Baghdad on Sunday and met Iraq's Deputy Prime Minister for energy Hussain al-Shahristani, part of efforts to appease the central government following a multi-billion dollar deal Turkey clinched last week with the Kurdistan Regional Government (KRG).
 
“We have held talks with both Baghdad and Arbil to set up a three-way mechanism. We have had very positive talks,” said Yildiz.
 
“Both the agreements that Turkey has done with the central government and the contracts with northern Iraq are steps that smooth the path of Iraq.”
 
Turkey's energy deals with the Kurdish north of Iraq effectively bypass the central government in Baghdad, which claims sole authority to manage Iraqi oil and says independent Kurdish oil exports would be illegal.
 
Turkey is keen to move the process forward through a three-way mechanism which also includes Baghdad. But the central government might prove hard to persuade, having for years resisted Arbil's moves towards direct exports.
 
“Baghdad is trying to find a solution to this, but doesn't want to lose face either,” said Cuneyt Kazokoglu, Consultant at FGE. “They don't want it to look like this deal happened despite them.”
 
A new pipeline from Kurdistan's Taq Taq oil field is complete and ready to receive flows, the enclave's natural resources minister Ashti Hawrami said on Monday. It is expected to carry around 300,000 barrels per day (bpd) of oil, which Hawrami says will be ramped up towards 1 million bpd by 2015.

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid