Kurdistan Regional Government announced its intention to stop exporting oil again
12:51:02 / 08/2012
Khandan - Kurdistan Regional Government announced its intention to stop exporting oil again end of this month, in the event of non-payment of government dues.
He said Ashti Hawrami, Minister of Natural Resources in the Kurdistan Regional Government, according to Reuters news agency, said the province intends to discontinue the export of oil on August 31 unless the central government paid all payments due.
The Kurdistan Regional Government announced on Wednesday, it would resume oil exports by 100 thousand barrels per day, as a step to solve the problems existing oil and gas in Iraq once and for all.
The Ministry of Natural Resources in the Kurdistan Regional Government said in a statement, said that oil exports from the region will resume in the first week of August, the current rate of 100 thousand barrels per day.
They confirmed that this decision is a step to build trust and aims to solve the problems existing oil and gas in Iraq once and for all.
The Kurdistan Regional Government announced last April, it had halted oil exports, accusing the central government in Baghdad not to pay dues of oil companies operating in the region.
The Ministry of natural resources in the Kurdistan Regional Government said in a statement it had decided to halt exports until further notice, after consultation with the manufacturers.
The ministry said in a statement that Baghdad has not paid dues of the oil companies for ten months.
Tensions between Baghdad and the Kurdistan Region since the month of October last year when Exxon Mobil announced a deal to drill for oil in the region. Baghdad objected to the deal, calling it illegal and warned U.S. oil major that they risked the fate of their agreements with the central government. http://translate.google.com/translat...4454%26Jor%3D2