Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
THURSDAY, 24 APR 2014
11:23 AM Beirut time
Weather    
Beirut
22 °C
Blom Index
BLOM
1,214.01down
Middle East
Follow this story Print RSS Feed ePaper share this
Iraqi Kurdistan to keep pumping oil exports to Sept. 15
Reuters
A+ A-

BAGHDAD: Iraq's Kurdistan will keep pumping its share of national oil exports until Sept. 15, extending a deadline for the central government to make disputed payments to companies working in the autonomous region, Kurdish sources said on Saturday.

Kurdistan had warned it would stop oil shipments again at the start of September over the payments, but two Kurdish sources said the region had decided to give Baghdad more time for payment paperwork to be sorted out.

"We decided to extend the deadline for pumping crude to Sept. 15 as a goodwill gesture, and to give Baghdad more time to resolve the payment issue," one source with Kurdistan's natural resources ministry told Reuters.

The extension signaled tensions were easing in Baghdad's long-running feud with Kurdistan over oil rights, territory and power-sharing, a dispute that is testing the country's uneasy federal union.

In April Kurdistan halted exports, saying Baghdad had not made payments to companies working there, but it restarted shipments on Aug. 7 with a warning they could be halted again in a month if there were no payments.

Iraq says Kurdistan's oil shipments have fluctuated around 100,000 to 120,000 barrels per day since they restarted, below the 175,000 bpd that Baghdad says was agreed with Kurdistan.

"We want to send a message to Baghdad that we in Kurdistan are keen to help boost Iraq's exports. If the reply on the message was positive, then we will increase export levels from the region," the source said.

Iraq approved a payment of close to $560 million to oil producers operating in the north in return for their investment costs to develop oilfields in the Kurdish region. But officials are still waiting for the go-ahead.

Kurdish authorities say due payments that should be approved by central government could reach $1.5 billion, two Kurdish sources said.

Kurdish oil exports make up a fraction of Iraq's shipments, but the payment dispute feeds into a wider conflict between Iraqi Arabs and Kurds over autonomy, oil and land that risks upsetting Iraq's fragile sectarian balance.

 
Home Middle East
 
     
 
Iraq
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Wednesday, April 23, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Israel shows Zionism’s true colors
Michael Young
Michael Young
For Christians, blessed are the dividers
David Ignatius
David Ignatius
An Iran deal is close, but we’re not there yet
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS