MESOP : Iraq Business Report / THE PRICE OF KURDISH OIL

20/06/2014 –  KNNC  NET – HAWLER, Kurdistan region- Spokesperson of the Kurdistan Regional Government (KRG), Safeen Dizayee, says that all the oil that was transported to Turkey‌’s Ceyhan port has been sold.

Dizayye told Kurdish News Network Channel KNNC that all the income of the sold oil will  be returned to Kurdistan region.Speaking about the process and continuation of sending oil, Dizayye added that the KRG will never be a setback in importing oil. Since the beginning of 2014, Hawler and Baghdad have held several meetings to discuss how to export Kurdistan’s energy to Turkey but they have failed to reach an agreement, hence Maliki, Iraq’s Prime Minister, unilaterally decided to cut the Kurdish share of the national budget. Dizayee explains that the oil which was sent to Turkey over the past few months have been sold according to international standards and prices, hence refuting Baghdad‌’s accusations that the oil was sold at a lower price

KRG has borrowed money from some oil companies to provide an adequate budget for KRG’s employees; moreover, the KRG announced that they started sending oil to provide civic salaries. KRG is determined to export oil to Turkey‌s Ceyhan port despite chaos, a political vacuum and war caused by the Sunni Jihadist militants, known as the Islamic State of Iraq and Sham, ISIS.  http://knnc.net/EN/full-story-37198-28-False#.U6gme7GaZk1