Turkey announces talks with Baghdad on a special account for oil revenue Kurdistan

Posted: November 21, 2013 in Iraqi Dinar/Politics
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THURSDAY, OCTOBER 21 2 / NOVEMBER 2013 14:15

Turkish government announced on Thursday it was in talks with the Iraqi government on the proposal provides for opening an account for the Kurdistan Region’s oil revenues, while hinted that talks are continuing to put the proposal into effect.

alt Kurd leader revealed on Tuesday the first U.S. proposal for a Turkish province’s oil revenue-sharing between the Kurdistan region and the central government in Baghdad, as It is hoped that the Kurdistan Region begins pumping oil to world markets via Turkey through a new pipeline.

He said Turkish Energy Minister Taner Yildiz, in an interview with reporters, followed the “Twilight News”, “Turkey is still in talks with Baghdad on the proposal to open a special account for oil revenues achieved by the Kurdistan region of Iraq,” noting, that “Our talks with Baghdad in this regard ongoing but did not get to the final point after.”

The press reports have pointed to the conclusion of Kurdistan and Ankara recently definitive agreements for the extension of a second pipeline to export oil and gas export last.

The total production capacity of Kurdistan about 350 thousand barrels per day and is expected to rise to 400 thousand barrels per day, the end of this year and one million barrels per day in 2015 and two million barrels per day in 2019.

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