Kurdistan Regional Government: Exxon agreement on track and obstacles

1.12.2012 | (Voice of Iraq) - Add comments - Erbil (Reuters) Kurdistan Regional Government said on Thursday that the agreement with Exxon Mobil to develop the six areas of exploration going forward do not face obstacles. said Ashti Hawrami, Minister of Natural Resources in an interview with Reuters also said that the Kurdistan Regional Government is in talks with other oil companies and expects to reach other agreements similar in the next few months. He added that the Kurdish government has proposed amendments to the draft Iraqi oil law, which is long overdue and that it is now scheduled to be referred to the parliament in Baghdad. Hawrami said that expected to reach the oil production in the northern areas controlled by the Kurds, 175 thousand barrels per day in 2012 and that up to one million barrels per day in 2015. The minister said that the government is about to sign a contract with Genel Energy to establish a pipeline at a cost of $ 400 million to connect the Taq Taq oil its Iraqi export pipeline connecting to the Turkish port of Ceyhan on the Mediterranean coast.

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