Kurdistan: We will continue to export oil

Economy

2014-05-27T07:16:22+00:00

for the Region’s prime minister visit to the European countries .

KRG had already began on Thursday to sell exported crude oil to the Turkish port of Ceyhan then to the world markets .

Safeen Dazia government spokesman said in an interview with reporters , including "Shafaq News", reporter that “The sale of oil with the current amount at this stage will not fill all the needs of Kurdistan region , because the region needs to export 400 to 500 thousand barrels per day to ensure necessary all needs “.

"It may not be easy to export those quantities of oil , as the region needs about 150 thousand barrel of fuel per day , and can export the surplus abroad ."

He pointed out that the recent visit of KRG Prime Minister , Nechirvan Barzani to European countries , " included talks with a number of financial centers and international banks for loans to Kurdistan region , so that we can insure payment of employee’s salaries through these loans and sales of oil resources ".

Safeen stressed that KRG will try over the coming months depending on the sales of oil from solving the problem of salaries to a large extent .

He explained that Erbil and depending on the will of the people of Kurdistan will not be subjected to the decisions of Baghdad, and will continue in exporting oil process.

He added that Kurdistan Regional Government was and still with dialogue and peace talks to find a solution to address the problems , especially the problem of oil export with the Iraqi government and will not succumb to their will .

The Iraqi authorities have announced taking legal action against Turkey after Ankara's announcement of starting to export oil from Kurdistan to global markets .

The Turkish Energy Minister , Taner Yildiz had said last Thursday that the first shipment of crude oil from Kurdistan Region of one million barrels , are being loaded in the port of Ceyhan on the Mediterranean Sea .

Yildiz pointed out that the amount of oil will be stored at the port of Ceyhan in Kurdistan and reached to 2.0005 million barrels .

Ankara’s government said earlier that it has stored oil exports of Kurdistan to the port of Ceyhan , until settling dispute between Baghdad and Erbil .

While the Iraqi Ministry of Oil has warned from exporting oil without the knowledge of the federal government , saying that it will start its investigation in order to stand on the repeated information about its export.