KRG pins payment hopes on pipelines
Frustrated by partial oil payments from Baghdad, Kurdistan is pushing for economic autonomy by laying the groundwork for export pipelines through Turkey.
After a successful inspection, workers put a final coating of tape on a joint in the Erbil-Dohuk gas pipeline. (KAMARAN NAJM/Metrography/Iraq Oil Report)
ERBIL - Iraq's semi-autonomous Kurdistan region is counting on new oil and gas pipelines to break a political deadlock with Baghdad that risks stunting the local oil sector's growth.
Companies operating in Kurdistan had hoped that a Sept. 13 agreement between the Kurdish and central governments would unlock long-delayed payments for past exports. But after three months, amidst rising political tensions, Kurdistan Regional Government (KRG) Minister of Natural Resources Ashti Hawrami says the region's producers have been paid for less than a third of the oil they have exported and the capital they have invested.
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