Ghadhban: Kurdistan may start delivering oil to Baghdad in 2020

Ghadhban: Kurdistan may start delivering oil to Baghdad in 2020

22/11/2019 122

Ghadhban - Kurdistan may start delivering oil to Baghdad in 2020Clackamsh Press

Oil Minister Thamer Ghadhban said the Kurdistan region could start delivering 250,000 barrels per day of oil to the federal government in Baghdad by early 2020.

“The oil will be delivered to the Iraqi Oil Marketing Company (SOMO), which will export it via a pipeline to the Turkish port of Ceyhan,” Ghadhban said in a television interview late on Thursday.

He added, “The provincial government is committed to deliver at least 250 thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) for sale in Ceyhan, Turkey and resources (revenues), like other resources come to the budget” federal ».

Kurdistan’s oil exports have long been a source of friction with Baghdad. The Kurds, who control Iraq’s only northern pipeline, have been exporting oil independently since 2013. Exports from Kirkuk resumed in 2018 after a year-long suspension following an unsuccessful attempt by the region for independence.

Relations have improved with the change of governments in Baghdad and Erbil, the capital of the Kurdistan region.

As part of the 2018 and 2019 budgets, the KRG agreed to send 250,000 barrels per day to federal authorities in return for Baghdad’s payment of government salaries.

The minister said: “ The federal budget law of 2019 is very clear on the rights and obligations of the parties, the federal government and the government of the region, ” adding that the Kurds have not sent any oil so far.

“This could change in 2020, and I have told Somo officials to prepare themselves to receive 250,000 barrels per day from the beginning of next year because this is what I understand so far from the understandings.”