Kurdistan pumps first oil through pipeline to Turkey
BAGHDAD Ñ The Kurdish Regional Government in Iraq has launched crude oil
exports to Turkey.
KRG began operating a pipeline that pumped nearly 100,000 barrels from
Iraq's Irbil and Tawke to the Turkish port of Ceyhan. Officials said the oil
flow would reach 250,000 barrels per day in 2010.
"It is a historic date, a giant step," KRG President Massoud Barzani
said on June 1.
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The Kurdish oil exports to Turkey were approved by the Baghdad
government in May 2009, Middle East Newsline reported.
Officials said the revenue would be deposited in an
account controlled by the Iraqi Central Bank. The central government was
meant to receive 88 percent of the proceeds.