Thursday 23 January 2014

Taqa ‘convinced’ Kurdish oil will reach international markets | The National

Taqa ‘convinced’ Kurdish oil will reach international markets | The National:



"Abu Dhabi National Energy (Taqa), the state utility owner that invests in overseas energy projects, is confident the 100,000 barrels per day (bpd) of oil it hopes to pump in the Kurdish region of Iraq will find its way to international markets.



The expected launch of Kurdish exports this month via a newly operational pipeline connecting the semi-autonomous region to a Turkish port has ignited anger in Baghdad, which deems the Kurdish contracts illegal. 




This week Abdul Kareem Al Luaibi, the Iraqi oil minister, said Baghdad was preparing legal action against Ankara and would blacklist any companies that dealt with oil it called “smuggled”."



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