Iraq's crude oil exports from the northern Kurdistan region have dropped to 75,000 barrels a day from the 175,000 barrels a day originally agreed between the central government in Baghdad and the Kurdistan Regional Government, or KRG, on payment issues, Iraqi and Kurdish officials said Monday.
Iraq's crude oil exports from the northern Kurdistan region have dropped
to 75,000 barrels a day from the 175,000 barrels a day originally agreed
between the central government in Baghdad and the Kurdistan Regional
Government, or KRG, on payment issues, Iraqi and Kurdish officials said Monday.
The KRG has started since last year pumping crude oil via the Iraq-Turkey
export pipeline to the Mediterranean
port
of
Ceyhan
in
Turkey
. In
June 2011 Kurdish oil exports went up as high as 175,000 barrels a day but
since then they have been declining because of problems related to
Baghdad
's
payment to the KRG for the sold Kurdish crude oil.
The central government in
Baghdad
agreed with the Kurds last year that
Kurdistan
's
exports would be averaging 175,000 barrels a day in 2012 and that figure has
been fixed in the country's budget for this year.
"We don't know why they reduced their export to 75,000 barrels a
day," the Iraqi official from
Baghdad
government told Dow Jones Newswires.
A Kurdish official knowledgeable about such matters, however, blamed the
decline in
Kurdistan
oil exports on the central
government in
Baghdad
. "The
federal government has made no payments to the KRG since May 2011. It currently
owes well in excess of $1 billion," the official said.
Baghdad
said it had paid them last
year twice - a total of around $500 million.
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