A member of the Democratic Party confirms the possibility of exporting one million barrels of oil per day through the region.
Wafa Mohammed Karim, a member of the Kurdistan Democratic Party, confirmed the possibility of exporting one million barrels of oil daily through the Kurdistan Region, thus avoiding any developments that might arise in the region regarding exports via seaports.
Karim told Al-Maalouma, “The biggest previous disputes between Baghdad and Erbil have been resolved, especially concerning the issue of oil exports through the region and the revenues generated from them.”
He added, “The dispute over oil exports in 2014 ended after the recent rulings of the Paris Court, and therefore, the oil pipeline running from Kurdistan to Turkey has the capacity to export one million barrels per day.”
He explained that “there are greater advantages to exporting via the pipeline, as transportation costs will be lower than exporting by sea, in addition to generating double the revenues after the rise in oil prices, as well as avoiding the repercussions of recent developments in the region regarding exports by sea.”
Almaalomah.me