Oil Ministry clarifies conditions of oil agreement with Turkey

oil ministry clarifies conditions of oil agreement with turkey Oil Ministry clarifies conditions of oil agreement with Turkey

Baghdad (IraqiNews.com) The Iraqi Oil Ministry confirmed that the Strategic Joint Declaration between Iraq and Turkey on the export of oil stipulates that the source of hydrocarbon resources of Iraq is the Federal Ministry of Oil and the Oil Marketing Company “SOMO”.

A statement by the ministry received by Iraqi News (IraqiNews.com) cited that “Iraqi oil marketing company assured that the strategic announcement between Iraq and Turkey signed between the two countries in 19/9/2010 stipulates that the sole sovereign authority in the export of hydrocarbon resources of Iraq is the Iraqi Oil Ministry and Federal Oil Marketing Company (Sumo).”

The general director of the Oil Marketing Company Falah Jasim al-Ameri, said that “Article 2, paragraph 4 of the amendment to the Convention above states that [the pipeline system, reservoirs and other facilities of the Iraqi – Turkish pipeline dedicated to transport and load crude oil coming from Iraq exclusively].”

The joint declaration was signed by the Iraqi oil minister at the time, Hussain al-Shahristani and the Turkish Energy Minister Taner Yildiz on 19/9/2010.

The Deputy Secretary General of the Patriotic Union of Kurdistan, Barham Salih, appreciated the Convention on the export of oil from Kurdistan to Turkey.

Saleh said in a press statement that “The Convention that took place between Iraqi Kurdistan Region and Turkey in the field of oil exports from the region to Turkey is an important step and evidence of cooperation between the two sides.”

He pointed out that “This agreement is of great benefit for Iraq and the region because the Turkish economy is an important economy in the region and this agreement will strengthen all areas of the Iraqi economy,” stressing that “The export of oil from the region to Turkey is an important step for the region, Iraq and Turkey as well.”

It is said that Kurdistan Region started since last year the export of oil to Turkey through trucks amid objections from the Iraqi Federal Government.

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