Energy
0

Iran: Kirkuk Oil Swap Will Commence Soon

Kirkuk Oil  Swap Will Commence  SoonKirkuk Oil  Swap Will Commence  Soon

The delayed project to swap Kirkuk crude oil in the neighboring Iraq to Iran is expected to be launched later this month, the secretary-general of Iran-Iraq Chamber of Commerce said on Friday.
“In the closing months of the last fiscal year [ended March 20], rumors circulated that the Kurdistan Regional Government had reached an agreement with the central government in Baghdad on resuming oil export from Kirkuk via the old route (Kirkuk-Ceyhan). Hence, oil swap operations with Iran stopped,” Seyyed Hamid Hosseini was also quoted as saying by ISNA. 
Rejecting the rumors, Hosseini noted that in line with the First Vice president Es’haq Jahangiri’s recent visit to Baghdad, accompanied by Iranian oil officials, Iraq asserted that it is committed to the bilateral agreements, including laying a pipeline for swapping Kirkuk oil and importing natural gas from Iran. 
Following Kurdistan’s independence referendum last year, Baghdad has taken steps to bring oil exports under federal authority, calling on other countries to deal exclusively with the central government regarding oil sales.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com