Kurdistan Regional Government (KRG) has announced that it will begin oil exports to Turkey via pipeline before the end of 2013
The pipeline is reportedly located within a few kilometres of the border with Turkey at Fishkhabour.
Ashti Hawrami, Kurdistan Region of Iraq’s minister of natural resources, said that KRG will go ahead in both the export of oil whether Baghdad agrees on the payments plan or not, according to Shafaq News.
Hawrami added that once the pipeline starts to operate, Kurdistan Region of Iraq will stop exports via truck to Ceyhan Port on the Mediterranean Coast.
Muhammad Sabeel, president of Genel Energy, said, “A large part of the region’s oil production will be directed to this pipeline,” stressing that oil will begin to flow in the upcoming weeks.
Sabeel added that currently Genel Energy has the capacity to produce about 230,000 bpd from two oilfields — Taq Taq and Tawke — and the production may rise to 350,000 by the end of 2014.
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