Iraq demands Kurdish financial agreement
Published by Angharad Lock,
Digital Assistant Editor
World Pipelines,
According to Reuters, Iraq will not continue pumping crude to Turkey through a Kurdish pipeline until the country makes a financial agreement with the Kurdish government.
State-run North Oil Company usually supplies 150 000 bpd through the pipeline to the Ceyhan terminal. As stated by Reuters, the Iraqi oil minister, Adel Abdul Mahdi, outlined ‘two options’ for supply to continue: a return to the earlier agreement between Iraq and the Kurdish Regional Government, which would see the country receive 17% of federal budget. Alternatively, a new agreement could be drawn up.
Source: Reuters.
Edited from source by Angharad Lock
Read the article online at: https://www.worldpipelines.com/business-news/23032016/iraq-seeks-kurdish-financial-agreement-359/
You might also like
The World Pipelines Podcast - Protecting high value assets with AMPP
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP's global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Tune in to the World Pipelines Podcast on your favourite podcast app today.
