Minister of Energy in Kurdistan: We are planning to sell natural gas directly to Turkey!

Minister of Energy in Kurdistan: We are planning to sell natural gas directly to Turkey!

Wednesday July 4, 2012

Follow-up – and babysit –
Energy minister said Iraq’s semi-autonomous Kurdistan region that may start selling natural gas directly to Turkey within two years, a move likely to anger the central government.

And vary the Kurdistan Regional Government and Baghdad for years on issues including delayed payments for crude oil and legal contracts entered into by the Government of the oil region as well as disputes over land.

Kurds accuse Baghdad of smuggling oil outside of their area and damage to the central government budget by depriving them of revenue.

He said Ashti Hawrami, minister of natural resources in the region during the Forum on Caspian gas in Istanbul, “even if it is not to reach consensus with Baghdad, we will go in the sale of natural gas and oil to Turkey.

“We are planning to sell ten billion cubic meters of natural gas to Turkey and Europe later in the long term.”

He added that it expected to begin sales in the next 18 months and two years.

Hawrami said that Kurdistan bound to attract investment from abroad, “and if we left everything to Baghdad will not do this.”

Kurdistan and depend to a large extent is currently taking 17 percent of the national budget, but says that the provincial government estimates indicate the presence of about 45 billion barrels of oil reserves in the north, mostly untapped.

There are no official estimates of gas reserves in Kurdistan, but the whole of Iraq has the tenth largest gas reserves in the world estimated at 112 trillion cubic feet, according to data from the U.S. Department of Energy.

M. J
Source: alrayy