Oil exports from Iraqi Kurdistan currently stand at about 180,000 barrels a day and the region's natural resources ministry has prepared a plan to boost their volume to 200,000 barrels a day by the end of the year, said Ashti Hawrami, the natural resources minister of the Kurdistan Regional Government, or KRG.
Oil exports from Iraqi Kurdistan currently stand at about 180,000
barrels a day and the region's natural resources ministry has prepared a plan
to boost their volume to 200,000 barrels a day by the end of the year, said
Ashti Hawrami, the natural resources minister of the Kurdistan Regional
Government, or KRG.
The Petro Dollar Project, aimed at boosting exports, covers the whole of
Iraq
,
including the three
Kurdistan
provinces of
Erbil
,
Sulaymaniyah and Dohuk, Hawrami said in a statement posted on the KRG website
Tuesday.
The Iraqi council of representatives had approved earlier the allocation to the
country's oil producing provinces of one dollar for every oil barrel produced,
one dollar for every refined barrel, and one dollar for the production of every
150 cubic meters of natural gas, according to the website.
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