Iraq/Kurdistan: Baghdad Asks for Kurdish Oil Revenue from Turkey
Nov 9, 2014
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Hemin Salih, BasNews
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The federal government of Iraq has asked Turkey for Kurdistan Regional Government (KRG) oil revenues, currently deposited in the Turkish Halk Bank.
A reliable source has alleged to BasNews that Iraqi Foreign Minister, Ibrahim al-Jaafari is asking Turkey to hand over KRG oil revenues. According to an announcement made by the Kurdistan Natural Resources Ministry, from January 2014 until now, almost 34.5 million barrels of Kurdish oil have been exported to Turkey. 21.5 million barrels have been delivered to Cihan port in Turkey through oil pipelines while the rest has been exported overland in tankers to the Mersin area of Turkey. Revenue from the exported oil is recorded at US $2.87 billion, $2.1 billion of which has so far been received by the KRG. ...