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Rudaw

Kurdistan

Turkey’s energy minister gushes over KRG oil exports

By Hemin Lihony 15/8/2015
Turkey’s Minister of Energy and Natural Resources Taner Yildiz. AA photo
Turkey’s Minister of Energy and Natural Resources Taner Yildiz. AA photo
ANKARA, Turkey— The export from Kurdish-controlled oil fields in Iraq has exceeded an average of 600,000 barrels per day (bpd), Turkey’s Minister of Energy and Natural Resources Taner Yildiz recently told a select group of journalists from the Kurdistan region.
 

Yildiz said last week that 66 million barrels of crude oil from the Kurdistan region have been exported through Turkey’s Ceyhan port on the Mediterranean Sea over the last 15 months. He predicts daily export to soon reach one million bdp.
 
“For the moment, the Kurdistan Regional Government [KRG] sells its oil independently and does not deliver the revenues to Baghdad because Iraq does not pay Erbil due to its own financial problems,” Yildiz said, referring to the ongoing Erbil-Baghdad budget dispute.
 
Former Iraqi Prime Minister Nouri al-Maliki withheld the KRG’s budget for much of 2014 and a new oil deal between Erbil and Iraq’s new Prime Minister Haidar al-Abadi, inked in principle last December, could not fully thaw relations between the two administrations.
 
Erbil has accused Baghdad of not living up to the December agreement that would give KRG a monthly payment of $1 billion. The Iraqi government has said declining oil prices, coupled with the KRG’s failure to fully honor the agreement, have made the deal untenable. 
 
The current price of a barrel of crude oil is hovering below $50, reduced drastically from previous years.  
  
“It is in the best interest of the Kurdistan region that Erbil and Baghdad are in agreement, because without stability you can never make use of natural resources,” Yildiz said.
 
Relations between Ankara and Baghdad have improved after years of diplomatic tensions. In the past, Turkey had accused Iraq’s Shiite government of sectarianism and supporting the Shiite government of Syria’s Bashar al-Assad, which Ankara views as a regional foe.
 
Yildiz was bullish on improved ties with Baghdad, saying Turkey had plans for a long-term partnership in Iraq’s energy sector.  
 
The Turkish minister said Ankara will be part of a $41 billion oil and gas project in Iraq which he said is advantageous for both countries.
 
“Turkey supports all the components of Iraq and wants to cooperate with them to use the country’s natural resources equally in the best interest of all of Iraq,” he said.
 
Yildiz rejected any deal that would have negative impacts on Ankara’s relations with KRG in terms of oil agreements.
 
Apart from a 50-year-old oil deal with Ankara, the Kurdistan region will from 2017 be a major exporter of natural gas to Turkey. The minister said the gas deal will be beneficial for both sides.
Yildiz said Baghdad's energy laws and regulations allow for gas from other parts of Iraq to be sold in order to provide for people’s necessities and the region’s electricity.

“Because of the proximity, I think we can buy KRG gas at a lower price, but not half the price as some people have suggested,” he said. 

Another focus of the meeting was the recent PKK-linked sabotage attack on the Kirkuk-Ceyhan oil pipeline. The PKK said it was carried out by a splinter group without consulting the party's leadership. 

“What PKK is doing is enormously detrimental to the Kurds,” said Yildiz, pointing to the KRG’s claim that the sabotage cast the KRG some $250 million in losses.

Yildiz also denied claims that Turkey is benefiting from the sale of oil from areas controlled by the Islamic State, or ISIS. 

“Daesh [ISIS] is a terrorist group for us and we have no contact with them. These [allegations] are all propaganda without evidence. Once someone came to me and told me they have evidence, I told him to bring it. I have now been waiting for 15 months and he still hasn't brought it.”

“Turkey earned $52 billion from energy production last year alone. Why would Turkey deal with a terrorist group”    

 

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Muraz Adzhoev | 15/8/2015
Certainly the Turkey's minister is not authorized to say anything more, but he would better somehow indicate in his next statements the realities, mentioning for instance, that even the top member of pro-Iranian PUK and the Iraqi president acknowledged recently Iraqi federation as already failed and nonfunctioning statehood.
neto | 15/8/2015
@Muraz Adzhoev And what is your point? PUK is Iranian leaning? Of course it is, like KDP is turkey leaning. Both countries suppress and kill Kurds. The difference is though turkey has been, like baathists, trying to erase Kurdish identity. While Iran has been suppressing Kurds it is not trying to erase Kurdish identity.
zk | 15/8/2015
We can see the advantages of KRG and Turkey working together. It brings prosperity to the region and brings development to the people of Erbil. In comparison look at the death and destruction that PKK has brought to the region. PKK has nothing to offer but hate and chaos. Diyarbakir was also doing fine till the PKK hot-heads showed up who want to destroy the peace process. HDP should condemn PKK and follow KDP in bringing peace to the region.
Ayman | 15/8/2015
@Muraz Adzhoev...KRG is landlocked, so KRG will have to choose, with which State it will make a Alliance. To survive it has to get a connection to the World market. Either Turkey, Sunnite arabs or Iran and shia Iraq. If you look at the situation in the Middle-east, it is really a difficult situation. If KRG chooses one Side, probably the other Sides will not approve it. I am curious how Iran would react, if KRG goes to an Union with Turkey....
Muraz Adzhoev | 16/8/2015
Some commentators over there, let me inform you that actually "landlocked", unfortunately, seem to be your personal viewpoints and outlooks. Maybe you will doubt, but Iraq most likely is not in the list of countries of Iran's priority interests any more, because Tehran knows that Iraq lost Southern Kurdistan and that newly establish free and independent Kurdistan in fact will not be landlocked, if you are able to understand what I mean. That is why Iran has been trying to offer confederation for deadly failed Iraq. And yes, this offer was voiced out by the Iraqi pro-Iranian president. What reactions are you all talking about. Reactions are results of bilateral interests and bilateral relations between two sides. Kurdistan is already de-facto recognized and when it becomes officially the side, there will be reactions from other sides appropriate to bilateral interests.
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