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Turkey expects KRG Iraqi oil exports to flow through Ceyhan

: Saturday, April 19 - 2014 @ 01:29

Turkish’s energy minister has said that oil controlled by Iraq’s Kurdish Regional Government (KRG) will flow to international markets through Turkey, Anadolu has reported The revenues will be shared between the KRG and the central government in Baghdad. If at least 100,000 barrels of oil per day flow through Turkey, then the Kurdish region will get a minority share of the revenue, under the Iraqi Constitution, with the majority going to Baghdad. Currently almost 1.5 million barrels of oil are stored in Ceyhan, in southern Turkey, awaiting Baghdad’s approval to be exported.

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Saturday, April 19- 2014 @ 1:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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