Iraq Oil Ministry Agrees on UN oversight of Kurdistan Oil Revenues

Posted by on Dec 07, 2013 | Leave a Comment

revealed the Iraqi Oil Ministry, on Friday, for the approval of the Kurdistan region put its oil revenues at the expense of the United Nations in favor of Iraqi oil revenues, with the supervision of the central government on the quantity and quality of raw and management of revenues collected, while expected to testify this month to sign a formal agreement is on impact of the resumption of exports of the region through a pipeline Kirkuk Ceyhan.

said Oil Minister Abdul Karim and coffee to a number of media on the sidelines of meetings of the Organization of Petroleum Exporting Countries, OPEC in Vienna, said that “the central government will oversee the oil exports from the Kurdistan region to Turkey,” adding that ” Kurdistan region and agreed to put the proceeds from oil exports in the account belonging to the United Nations for the benefit of Iraqi oil revenues. “

added Laibi that “the region and also agreed that the central government control of the quantity and quality of raw and manage revenues collected,” expected to “witness the month of December Current signing of a formal agreement is on the impact of the resumption of exports of the region through a pipeline Kirkuk-Ceyhan will enhance Iraq’s oil exports by 400 thousand barrels per day. ” and media sources revealed on Friday (November 29, 2013), the signing of the Prime Minister of the Kurdistan Regional Government Barzani with the President Turkish Prime Minister Tayyip Erdogan contracts for the export of oil and gas from the region to Turkey.

noteworthy that the Deputy Prime Minister for Energy Hussain al-Shahristani said, in (November 28, 2013), it is not possible for the federal government silence on the export of oil Kurdistan region without its consent, and in what was considered to be Iraq’s natural wealth to act without the approval of the federal government is an encroachment on Iraq, the price of the position of the Turkish government’s rejection of the export of oil from the Kurdistan region through its territory without the consent of the federal government.

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