Wednesday 8 January 2014

Northern Iraq’s increasing energy success rattles Baghdad | The National

Northern Iraq’s increasing energy success rattles Baghdad | The National:

"It is no surprise that Turkey’s multibillion-dollar energy deal with the Kurdistan region of Iraq has rankled politicians in Baghdad. As security and infrastructure issues plague southern Iraq, the north is steadily becoming a global player on its own terms.

The northern Iraqi pipeline to Turkey, now operational according to a January 2 report by Reuters, will transport 300,000 barrels per day (bpd) to the Turkish export hub of Ceyhan, a figure that could eventually rise to some 2 million bpd to global markets by 2019.

The Kurdistan Regional Government (KRG) has dismissed the very public backlash from Baghdad, pressing ahead with the pipeline and arguing that Iraq’s constitution promises the Kurds 17 per cent of the country’s total oil revenues."

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