New deal links Kirkuk oil and KRG refineries
The federal Oil Ministry has begun sending NOC-produced crude to KRG refineries, generating badly needed fuel that will supply areas liberated from IS.
Kirkuk Gov. Najmaldin Karim (far right) and Deputy Oil Minister Dhia Jaffar (second from right) meet with oil officials in Kirkuk, including Saad Hassan, the CEO of Qaiwan Group (fourth from left), and Baz Karim, CEO of KAR Group (third from left), on June 6, 2016. (Photo credit: Kirkuk governor's office)
ERBIL - Federally operated oil fields in Kirkuk are now feeding privately run refineries in the Kurdistan region, in a new cooperative framework that could dramatically boost fuel supplies to areas of Ninewa province liberated from the Islamic State (IS) group.
The deal represents deepening pragmatism between the Kurdistan Regional Government (KRG), Kirkuk province, and the federal government over how to best manage Kirkuk's oil without becoming entangled in long-running political disputes over sovereignty and territory.
This content is for registered users. Please login
If you are not a registered user, you may purchase a subscription
or sign up for a free trial