Iraqi Kurds begin oil exports

Semi-autonomous north overcomes dispute with Baghdad to open pipeline to Turkey.

      Kurdish officials have said they expect exports  to reach 250,000 barrels a day by next year [AFP]

    The project had been beset by delays, with Kurdish officials locked in dispute with the central government in Baghdad over how to distribute the country's oil revenues.

    'Illegal' export

    Baghdad has for months called the Kurdish move to export oil illegal because the deal was struck independently of the central government.

    But Al Jazeera's correspondent Hoda Abdel Hamid said the government has now"quietly given the Kurds the green light for these oil exports", essentially because it needs the money the commodity will bring.

    "Total projected oil revenues for the year could be as high as $36.5bn, but not enough to cover the government's day-to-day expenses," she said.

    "Kurdish exports could soon reach 250,000 barrels per day worth $15m - a boon for the Iraqi government."

    The Kurds are set to get 17 per cent of the oil revenue, equal to their estimated share of the overall population, while Baghdad will get the remainder.

    Initial exports are estimated to be around 40,000 barrels a day from Taq Taq, but a Kurdish government spokesman said officials expect the level to reach 250,000 barrels a day by the middle of next year.

    SOURCE: Al Jazeera and agencies


    YOU MIGHT ALSO LIKE

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.