Baghdad approves exports of Kurdish oil through Turkey

Ankara and Baghdad have agreed today that oil from Iraqi Kurdistan will be sold to world markets through Turkey, starting with about 2 million barrels in late January, ITAR-TASS reports.Oil will be exported using the new Mediterranean terminal in Ceyhan. The volume should increase to 6 million barrels by March 2014 and about 12 million by late 2014.Turkish Minister for Energy and Natural Resources Taner Yildiz said on January 3 that Iraq had started selling oil to Turkey. Turkish Prime Minister Recep Tayyip Erdogan and Prime Minister of the Kurdish Regional Government Nechirvan Idris Barzani signed a deal in November 2013, according to which oil and gas will be sold on the world market through Turkey.

Ankara and Baghdad have agreed today that oil from Iraqi Kurdistan will be sold to world markets through Turkey, starting with about 2 million barrels in late January, ITAR-TASS reports.

Oil will be exported using the new Mediterranean terminal in Ceyhan. The volume should increase to 6 million barrels by March 2014 and about 12 million by late 2014.

Turkish Minister for Energy and Natural Resources Taner Yildiz said on January 3 that Iraq had started selling oil to Turkey. Turkish Prime Minister Recep Tayyip Erdogan and Prime Minister of the Kurdish Regional Government Nechirvan Idris Barzani signed a deal in November 2013, according to which oil and gas will be sold on the world market through Turkey.