29 Mar 2024
Saturday 11 November 2017 - 12:08
Story Code : 282688

Iraq says to export Kirkuk oil to Iranian refinery

Tasnim Tehran and Baghdad have agreed in principle to export Kirkuk oil to Iran, according to the Iraqi oil ministry.





Iraqi Oil Minister Jabbar al-Luaibi said in a statement that 30,000-60,000 barrels of oil per day would be exported to Iran's western Kermanshah province.

The deal will be signed between Iraq's State Organization for Marketing of Oil (SOMO) and Iran, al-Luaibi added, Anadolu news agency reported.

The amount of the export would be increased after pipelines were installed, he added.

Al-Luaibi said the oil would be trucked over Iraqs border to the Kermanshah refinery.

The (Iraqi) government aims to carry out oil and strategic projects with Turkey, Iran, Kuwait, Saudi Arabia and Syria, al-Luaibi said, adding that the deal with Iran would be signed after technical and administrative aspects were settled.

Iran and Iraq signed a basic agreement in February that envisaged exporting Iraqi oil through the Iranian territory a scheme that would remove Baghdads reliance on the KRG to export its oil through a pipeline to Turkeys Ceyhan. The details will be finalized soon.

Until recently, oil from the fields around Kirkuk which is an oil-rich province in northern Iraq was shipped to the Turkish port of Ceyhan via a pipeline owned and operated by the Kurdistan Regional Government (KRG).

However, following the attack and takeover of the province by Iraqi forces last month, the Iraqi Oil Ministry started talks with Iranian officials about the provinces oil exports through Iran.

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