Iraqi Kurdistan: all oil exports verified and there are no doubts about the origin

(Voice of Iraq) - Reuters

Iraq's Kurdistan Regional Government said that all quantities of crude oil transported through the pipeline to the Turkish port of Ceyhan and all cargo loaded there had been verified and there is no minimum doubts about its origin.

This came in a statement by the Ministry of Natural Resources Government of the region in response to what it said was misleading reports that the origin of some crude exports under the control of the organization of the Islamic state land

US military officials estimate that the state regulation was earning $ 47 million a month from oil sales before October.

The statement added that all cargo loaded at Ceyhan subject to further verification and quality inspection processes.

The Kurdistan region began exporting oil directly in 2014 after a dispute with the federal government in Baghdad in connection with its share of the budget. The region currently exports more than 500 thousand barrels per day of oil.

So said RWE and Dana Gas said Monday that German utility company had settled a lawsuit out of court compensation was the oil companies and Alamaratnetan Dana Gas and Crescent Petroleum may Oqamadtha right with respect to the territory of Iraqi Kurdistan.

In April Brill London Court of International Arbitration ruled that the RWE Supply and Trade which is a unit of RWE had violated confidentiality agreements condition, damaging the interests of the two companies Emirati in the Kurdistan region.

It was expected to determine the value of the damage during the next phase of the case.

A spokeswoman for RWE said it was to reach a solution satisfactory to both parties, adding that the German company has set aside provisions for the settlement is "almost" enough.

As part of the agreement RWE will acquire ten percent stake in Pearl Petroleum Gas, which operates in northern Iraq.

The spokeswoman gave no details of the settlement value.

Dana said in a statement posted on Monday it had reached an amicable settlement with the German company check the interest of parties to the conflict which has handling all claims and then finish in the arbitration proceedings.