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Business

Baghdad to export Kirkuk oil to Iran in exchange for southern imports

By Rudaw 10/11/2017
An Iraqi army vehicle parked at Kirkuk’s Bai Hassan oil field on October 17. Photo: Ahmad al-Rubaye/AFP
An Iraqi army vehicle parked at Kirkuk’s Bai Hassan oil field on October 17. Photo: Ahmad al-Rubaye/AFP
ERBIL, Kurdistan Region – Tens of thousands of barrels of Kirkuk oil will now be trucked over Iraq's border to Iran daily as part of a swap deal.

Iraqi Oil Minister Jabbar al-Luaibi announced in a statement on his Facebook page on Friday that there is an initial agreement between Iraq and Iran, negotiated by Iraq's State Organization for Marketing of Oil (SOMO), to export 30,000-60,000 barrels per day to Iran's Kermanshah province. 

The exports, which could later be increased, will be trucked to Iran. The deal stipulates that Iraq receives the same amount of oil from Iran through its southern borders.

Iraq exported more than 103,730,650 barrels of oil in October, according to the ministry. This totaled more than $5.455 billion in revenue.

Tehran and Baghdad have recently furthered economic and trade interests, bilateral relations, and travel ties.

Oil exports from Kirkuk to Turkey's Ceyhan port via the Kurdistan Region’s pipeline were halted by Baghdad on November 1. Baba Gugur, Khabbaza, and Jambour oil fields have been supplying domestic refineries.

Luaibi announced that engineering and technical teams were working on plans to accelerate rehabilitation of parts of Iraq’s pipeline to Turkey in a meeting with Fatih Yildiz, Turkey's Ambassador to Iraq on November 3.

The oil-rich Kirkuk province came under Iraqi federal control in October when Iranian-backed paramilitaries in Iraq and the Iraqi army pushed Kurdish Peshmerga out.

Shortly thereafter, British Petroleum (BP) began to work in Kirkuk's oilfields. BP had tried to operate in Kirkuk in 2003, but stopped after the Kurdistan Regional Government (KRG) said operations must be done in coordination with Erbil given the legal status of the province.

According to Iraqi law, Kirkuk remains disputed.

Comments

 
pre-Boomer Marine brat | 11/11/2017
It's cute, imagining Abadi playing in "Fiddler on the Roof", singing "If I were a rich man".
Famous | 11/11/2017
"Iraq exported more than 103,730,650 barrels of oil in October, according to the ministry. " You got your numbers wrong. That is more than world consumption in a month.
Proud Kurd in USA | 11/11/2017
Thanks to HEERO Talabani and Bafal Talabani. how much money are they getting for this deal? shmae on them traitors. Arabs promised them a lot for Kirkuk and now they have Kirkuk they are not giving them what they were promised and we are so glad. Arabs took a large picture of mam Jalal down in kirkuk and replaced it with a donky Arab.
duroi | 11/11/2017
Battle of Kirkuk_(1733) between Ottomans and Persians shows how Kirkuk was captured by use of infantry and more mobile Cavalry in the absence of Tanks then. The enemy army in Kirkuk was routed by a pincer movement North westward, one cavalry flank from south east of Kirkuk and the other cavalry flank from north east of Kirkuk encircled the enemy center despite being numerically at a disadvantage. The battle formation pincer map is available online and then the defeated Ottomans were in control of Baghdad and Samara too. The British troops of the 13th (Western) Division also captured Kirkuk in 7 May 1918 about 4.5 months before Ottomans sign armistice, but they moved North from South.
Shame | 11/11/2017
It is ok Iraq can do that but Iraq must understand that USA and issrail will not let those deal keep going for ever .they will fined a very good specail way for Iraq soon same is they did for saddam.good for you Abady stay with Iranian .you will kiss kurd's hands some day for all you do against the kurd who were just seeking for a better life far away from war ...fight ...(( Iraq is Aerke)) it mean ( Sher) war .
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