The Kurdistan and Federal Iraq governments have announced an agreement for the resumption of oil exports from Kirkuk via the Kurdistan export pipeline to Ceyhan. This positive development will benefit the public revenues of Federal Iraq which has been grappling with funding issues in recent years with the oil price collapse on the one hand and need to fund defences along its borders on the other.
Kirkuk production was locked out of the Kurdistan export pipeline following the Kurdistan independence referendum last autumn, the result of which also led to Federal Iraq taking back over the Kirkuk fields from the Kurds.
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