An international company will be reviewing KRG’s oil revenues – KRG discussed the interruption in its oil exports KRG discussed the interruption in its oil exports BasNews
ERBIL — 10 March 2016 – The Kurdistan Regional Government (KRG) Council of Ministers held a meeting on Wednesday to discuss the halt of KRG oil export and decided to sign a contract with an international oil company to review the expenses and revenues of KRG’s oil and natural gas.
KRG’s official website reported that Nechirvan Barzani, KRG’s Prime Minister, chaired the third meeting of the Council of Ministers 2016 on March 9th, to discuss the issues pertaining to KRG’s oil and natural gas exports.The meeting discussed the oil revenue for February and March, and the reasons behind the oil export interruption as a result of the recent military operations in some areas of Turkey through which the oil pipeline has extended.
The council, finally, discussed the review of oil and natural gas export expenses and revenues, and decided to sign a contract with an international company to review the revenues and expenses of KRG’s oil and natural gas export. KRG insists that the new contract will bring further transparency to the Kurdistan Region’s oil policy and it may help the Kurdish government to improve its energy management. www.mesop.de