Arab Today, arab today official northern iraq oil to flow through turkey
Last Updated : GMT 15:40:50
Arab Today, arab today
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Official: Northern Iraq oil to flow through Turkey

Arab Today, arab today

Arab Today, arab today Official: Northern Iraq oil to flow through Turkey

Ankara - Anadolu

Oil controlled by Iraq's Kurdish Regional Government will flow to internationalmarkets via Turkey, Turkish's energy minister said Friday.A meeting Wednesday between Turkish Prime Minister Recep Tayyip Erdogan andKurdish region Prime Minister Necirvan Barzani was very positive, the energyminister, Taner Yildiz said. The revenues will be shared between the Kurdish Regional Goverment and thecentral government in Baghdad. If at least 100,000 barrels of oil per day flowthrough Turkey, then the Kurdish region will get a minority share of the revenue,under the Iraqi Constitution, with the majority going to Baghdad.Yildiz said that President of Iraq's Kurdish north Masoud Barzani and AshtiHawrami, natural resources minister of Iraq, were also working on the issue, and this was an important step for Turkey and for the stability of region.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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