News / Economy

Turkey to Seek Baghdad's Consent for Iraqi Kurdish Oil

Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani (L) speaks during a joint news conference with Turkey's Energy Minister Taner Yildiz in Baghdad, Dec. 1, 2013.
Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani (L) speaks during a joint news conference with Turkey's Energy Minister Taner Yildiz in Baghdad, Dec. 1, 2013.
TEXT SIZE - +
Reuters
— Oil exports from anywhere in Iraq to Turkey need the central government's approval, Baghdad and Ankara said on Sunday after a bilateral meeting aimed at diffusing a row over energy exports from Iraq's autonomous Kurdish region.
 
Turkey, hungry for energy and dependent on imports for almost all of its needs, wants Iraqi Kurdistan's oil to help diversify its energy supplies and reduce its ballooning $60 billion annual energy bill.
 
But Turkey's courtship of the Kurdistan Regional Government (KRG) has infuriated the central government in Baghdad, which says it has sole authority to manage Iraqi energy resources.
 
“We agree that any exports must be with the approval of the Iraqi government and we will discuss the mechanism,” Iraq's deputy prime minister for energy Hussain al-Shahristani told a news conference with Turkey's Energy Minister Taner Yildiz in the Iraqi capital.
 
Yildiz said Turkey would seek Baghdad's approval for the commercial export of oil from Iraqi Kurdistan.
 
“We aim to win Iraq central government's consent for oil trade from the KRG to Turkey and to start a cooperation plan to serve the interests of all three parties,” a joint declaration from the ministers said.
 
Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package last week, sources close to the deal said on Friday, that will help transform the Iraqi region into an oil and gas powerhouse.
 
The Turkish foreign ministry has since said the deals had not been finalized and that it would seek Baghdad's cooperation.
 
Yildiz said the two sides had also discussed an existing plan to extend a pipeline to take crude oil from Iraq's southern Basra oil fields to Turkey.
 
It was Yildiz's first visit to Iraq since his plane was denied permission to land by Baghdad late last year when he tried to attend an annual energy conference in Arbil, Iraqi Kurdistan, amid the long-running oil dispute.
 
Yildiz will travel on to Arbil for the same conference, which starts on Monday.
 
Baghdad says Kurdish efforts towards oil independence could lead to the breakup of the country and the dispute has also raised concern in Washington.
 
Shahristani said on Thursday any energy deal with Arbil would be “an encroachment on the sovereignty of Iraq”.
 
Autonomous since 1991, Iraqi Kurdistan has often chafed against the central government and even threatened to secede, but still relies on Baghdad for a slice of the OPEC producer's $100-billion-plus budget.
 
It is already trucking its oil to world markets through Turkey and it plans to open a new export pipeline by the end of the year, angering Baghdad further.

You May Like

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
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.
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.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid

World Currencies

EUR
USD
0.7225
JPY
USD
102.27
GBP
USD
0.5953
CAD
USD
1.0982
INR
USD
60.349

Rates may not be current.