Kurdish oil exports to start in May: Turkey energy min
Tuesday, April 29, 2014
OSLO - Northern Iraqi oil stored in Turkey may begin to be sold in May, Turkey's Energy Minister Taner Yildiz said Tuesday.
Oil started flowing from the Kurdish-administered region of northern Iraq to Ceyhan, a Mediterranean port in Turkey's south on Sunday.
"Turkey believes that the sales of the oil will contribute to solving of the domestic Iraqi problems and normalization process," Minister Yildiz said on an official visit to Norway.
Yildiz said Turkey is not a customer for Kurdish oil but acts as an energy corridor for its transport to Europe and beyond.
Iraq has become the biggest supplier of oil for Turkey, exporting 7 million tons of oil to the Turkish market.
"Iraq switched place with Iran in terms of volume after sanctions on Iranian oil," said Yildiz. "The exports figures rose significantly from a previous level of 4 million tons ... and we did not demand any price discount for Iraqi oil."
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