Maliki and Barzani agree to deposit funds Kurdistan oil in New York .. Instead of Ankara

Posted: January 1, 2014 in Iraqi Dinar/Politics
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Erbil – the birth of spring .. Baghdad and Erbil reached a joint decision to spend deposit money Kurdish oil exports account for Iraq in the United States instead of depositing them in the bank Turkish government, contrary to Ankara’s insistence on deposit in the Bank of Turkish government.

The Anatolia news agency that Baghdad and Erbil Atngueta to deposit the proceeds in the Kurdish oil exports account opened in a bank JP Morgan in the United States, in spite of Ankara’s insistence on depositing money in a bank Halk Bank of the Turkish government.

The agency said its sources said that the Kurdish oil revenues, the source to world markets via Turkey, will be deposited in a bank account in Enyork special Development Fund for Iraq (DFI).

The news agency said the Turkish official said Prime Minister Nuri al-Maliki, Prime Minister of the Kurdistan Regional Government, Nechirvan Barzani, had reached a decision on their differences on Baghdad’s oil exports in December 25 of this year.

The agency said that the agreement provides for the deposit of the proceeds of oil exported from the areas controlled by the Kurds in the calculation of the Development Fund for Iraq, which opened at JP Morgan Chase in Enyork in 2003 at the request of the United Nations, instead of depositing them in Halk Bank of the Turkish government for lending.

The newspaper reported that Barzani had touched on the issue of deposit of oil money in an American bank during his visit to Ankara by the end of November last year.

The agency quoted a statement issued by the Office of the Deputy Prime Minister, Hussein al-Shahristani, said that both sides had agreed to export Kurdish oil through the Oil Marketing Company (SOMO), the company responsible for marketing Iraq’s oil.

In the meantime, he said, media adviser to the prime minister, Ali al-Moussawi, said the two sides reached a consensus on the formation of a committee to resolve the outstanding problems between the two governments, and that the Committee will meet at the end of the year 2014 to end those issues.

The agency said that the proceeds will be distributed to the parties concerned through the central budget.

Hassan said Auzmn, MP for Diyala province, Anatolia news agency, that the proceeds of oil exported via Turkey through the oil pipeline, which was completed recently also deposited in the Development Fund for Iraq account.

He said the agency Auzmn Turkish official said the account was originally established to ensure the fairness of the distribution of the proceeds.

Turkey has recently signed an agreement with the Kurdistan Regional Government to set up a separate pipeline capacity of 300 thousand barrels.

On 23 of December, said Turkish Energy Minister, Taner Yildiz, said pumping operations demo from northern Iraq have arrived at the port of Ceyhan region of Turkey in the province I think located on the Mediterranean, adding that the oil pump will start actually after the completion of testing operations.

The agency said that the Turkish Until recently, Baghdad had expressed its opposition to explicit deals concluded by the Kurdistan Regional Government for autonomy nearly directly with foreign companies, and its opposition to the export of oil and gas to the Kurdish Turkey.


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