Recep Erdogan

Presidents Barzani and Erdogan Meet in Turkey

President Masoud Barzani visited Turkey to be received by President Recep Tayyip Erdogan to discuss a series of important issues facing the region.

During the meeting President Barzani and President Erdogan spoke of the ongoing military operation against the terrorists of the Islamic State in the city of Mosul where President Barzani reiterated his position of the importance of planning for the post-liberation of the city.

President Erdogan stated that Turkey will continue to support the Kurdistan Region during these difficult times as the collective effort against the terrorists of the Islamic State continues.

(Source: KRG)


Turkey Defers to Baghdad on Kurdish Oil

By Semih Idiz for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

With hundred of thousands of barrels of its oil stuck in the Turkish Mediterranean port of Ceyhan, unable to be sold on the world market because of its continuing row with Baghdad, the Kurdistan Regional Government (KRG) is discovering just how landlocked and boxed in it is in terms of utilizing the vast oil reserves under its control.

Baghdad also has support from Washington, where administration officials fear the energy cooperation between Turkey and the KRG will increase the risk of splitting up Iraq — already in the throes of sectarian strife — and are consequently putting pressure on Ankara over its energy dealings with the Iraqi Kurds.

Iraq’s constitution says oil revenues, regardless of where the reserves are located in the country, have to go through Baghdad and allocates the autonomous Kurdish region 17% of total revenues.

Nouri al-Maliki’s government argues that the KRG can only export its oil after an agreement is reached between Erbil and Baghdad on how to proceed in this matter.

Baghdad has also threatened to cut the KRG out of its share of Iraq’s vast oil revenues, should it go ahead and sell its oil unilaterally.

Iraqi Oil Minister Abdul Kareem Luaibi told Reuters in January that the government would take legal action against Turkey and consider canceling all contracts with Turkish firms if Ankara enabled the exporting of KRG oil before an agreement between Erbil and Baghdad is reached.

Such an agreement, though, has been elusive because of Kurdish claims of sole ownership over oil reserves discovered in northern Iraq after the region gained political autonomy from Baghdad following the US invasion in 2003.

KRG officials are disappointed that a comprehensive package of agreements they signed with Turkey in November 2013 has not become fully operational yet.

High Level Kurdish Delegation Arrives in Baghdad

By John Lee.

A delegation from the Kurdish Regional Government, including Iraqi Kurdish Prime Minister Nerchivan Barzani and Natural Resources Minister Ashti Hawrami (pictured) are in Baghdad to resolve the long running dispute over oil exports from the KRG, Reuters reports.

The drive to solve the row over exports gained new urgency in 2011 when the KRG completed a pipeline to the Mediterranean port of Ceyhan in Turkey. Current Kurdish plans could see as much as 2 million barrels of oil and 10 billion cubic metres of gas exported to Turkey annually, a development that has transformed the political dynamic of the region.

Diplomacy to resolve the issue has continued on and off for several years, often appearing near resolution only for the dispute to renew. Since the Kurdish pipeline has become operational however, the issue has gained a new urgency. Baghdad’s response to date has been to withhold a proportion of the KRG’s budget and threaten to sue Ankara. Analysts are divided as to whether this dispute will be resolved soon.

(Source: Reuters)