The government of Southern Kurdistan and the state of Iran have reached an agreement on oil sales. According to the agreement, 250,000 barrels of oil will flow from Southern Kurdistan to Iran.
Southern Kurdistan Deputy Minister of Natural Resources Taha Zengene announced that they have reached a new oil agreement with Iran.
Zengene spoke on a television network and said the 50 year oil agreement with Turkey was not beneficial for the Kurds and that the agreement with Iran would be signed in the first week of July.
THE AGREEMENT WILL BE SIGNED IN TEHRAN
The Deputy Minister shared details of the agreement and said the building of the pipeline will start following the signing with the aid of the Iranian state and 250,000 barrels of oil will flow from Southern Kurdistan to Iran. According to Zengene’s statement, the oil from Kirkuk will flow into Iran through Eastern Kurdistan’s Kermanshah city.
Southern Kurdistan’s Tehran Envoy Nazem Dabbagh declared that the agreement will be signed in Tehran.
THE AGREEMENT WILL HAVE SERIOUS IMPLICATIONS
Meanwhile, with the agreement going into action, the flow of 500,000 barrels of oil distributed to the world through Turkey from Southern Kurdistan will be severely impacted. It is presumed that the oil flow in the Kirkuk-Ceyhan pipeline will drop after this agreement.
