Iraq moving towards forming company to handle Kurdish oil operations, says minister
The Iraqi oil minister has proposed forming a company to manage oil production and export operations in the semi-autonomous Kurdish region, state news agency INA reported on Tuesday.
For all the latest headlines follow our Google News channel online or via the app
The Kurdistan Regional Government (KRG) and central government in Baghdad have been locked in a long-running dispute over oil and land rights in the northern Iraqi Kurdish region.
Talks on oil issues between the government and authorities in the Iraqi Kurdish region had reached a “positive understanding,” Oil Minister Ihsan Abdul Jabbar said, according to INA.
Read more: Iraq seeks to speed up petrochem complex in Basra to diversify income: Oil minister
The proposed state company’s management would be technically and administratively linked to the Kurdish regional authorities and federal Oil Ministry, he said, adding that it would be similar to state-run firms in Iraq’s crude producing provinces.
An Oil Ministry official told Reuters talks between oil officials from Erbil and Baghdad had made progress but more time was needed to reach a final agreement.
The semi-autonomous Kurdistan region of Iraq is still exporting oil without consulting the Iraqi federal government, the minister had said in September.
Also Read
-
Former Unaoil executive Basil Al Jarah sentenced over $1.7 bln Iraq bribery plot
A former executive at Monaco-based oil and gas consultancy Unaoil was on Thursday sentenced in London to three years and four months in jail for ... Energy -
Iraqi oil ministry denies report on deal with Opec+ to increase oil exports
Iraq’s oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group ... Energy -
With economic challenges looming, Iraq debates its contribution to OPEC+ oil cuts
A debate within Iraq over whether it should ask to be exempt from OPEC+ oil supply cuts has resurfaced as low prices squeeze its finances, challenging ... Energy -
Iraq seeks to speed up petrochem complex in Basra to diversify income: Oil minister
Iraq is aiming to have legal and contractual measures in place by the end of the year for a plant in Basra that could make country the region's ... Energy -
Production capacity at Baiji refinery to reach 280,000 bpd, says Iraq oil ministry
Iraqi Oil Minister Ihsan Abdul Jabbar ordered that production capacity at the Sumood refinery in Baiji be increased to 280,000 barrels per day (bpd) ... Energy -
Iraq agrees oil tanker deal with Norway’s shipbuilder Batservice Mandal: Minister
Iraq has reached an agreement with Norwegian shipbuilder Batservice Mandal over the construction of two oil tankers with capacity of 30,000 tons each, ... Energy -
Iraq to deepen oil output cuts in August, September to compensate for overproduction
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its ... Energy
