Monday 6 January 2014

Kurdish crude flowing to Turkey but exports await Iraqi approval, for now | beyondbrics

Kurdish crude flowing to Turkey but exports await Iraqi approval, for now | beyondbrics:

"Turkey appears ready to allow exports of crude oil from Iraq’s semi autonomous Kurdistan region following the conclusion of tests on an unused section of the Kirkuk-Ceyhan pipeline, which leads from the Turkish-Iraqi border to its oil export terminal at Ceyhan on the East Mediterranean coast.

Taner Yildiz, energy minister, said on January 2 that following the successful completion of tests on the pipeline the previous week, crude from the Kurdistan region was flowing and was being stored in tanks at the Ceyhan terminal.

According to Yildiz the crude arriving at Ceyhan will be stored until agreement has been reached between the Iraqi government in Baghdad and the Kurdistan regional government in Erbil over where the revenue from the crude sales will be banked and how it will be divided."

'via Blog this'

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