MESOP NEWS : KRG/BARZANI COMING CLOSER WITH TURKEY – Seeking financial rescue, KRG offered Turkey major oil assets

 Emails published by Wikileaks reveal a proposal for Turkey to take equity stakes in Kurdistan’s biggest oil fields, in exchange for nearly $5 billion of immediate financial assistance.

By Patrick Osgood and Ben Van Heuvelen of Iraq Oil Report –  Thursday, December 22nd, 2016

With his government drowning in debt, Kurdistan’s oil minister earlier this year laid out a bold offer to his counterpart in Turkey: take substantial stakes in the region’s main oil and gas fields in exchange for nearly $5 billion in debt forgiveness and cash.In a March 19, 2016 memo, Kurdistan Regional Government (KRG) Minister of Natural Resources Ashti Hawrami acknowledges over a billion dollars that Turkey has already sunk into Kurdistan and its energy sector. www.mesop.de