Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

KRG: No escape of oil and its sale is being remnants of refineries in Kurdistan and outside the

Government denied the Kurdistan region of Iraq, Sunday, for smuggling crude oil through the border crossing points, confirming that the export is solely through a pipe Iraqi hyphen to Ceyhan in Turkey since 2009, with said that what comes across the border by truck is the remnants of the liquidation of crude oil refineries in the region and Iraq.

The government said the Kurdistan region of Iraq said in a statement meant today and received "Alsumaria News" copy of "The region does not export oil through the border crossing points, but through a pipeline to Turkey began last year, 2009, and otherwise do not export oil from the territory of the other outlets".

The spokesman stressed that "being sold via the border by truck is the waste oil refineries in the region and beyond," explained "that waste is sold by auction companies, and the Iraqi government has also sold to companies at prices lower than international prices, while the use of corporate border outlets in the Territory for the export of such waste. "

The statement added that "the Iraqi government sell oil on the black to the private sector at prices lower than world market prices in order to develop the Iraqi economy, but unfortunately this policy has become a factor for trading him out of Iraq."

The spokesman for the Kurdistan Regional Government to "territory keen to work with the Iraqi government to end the trade in black residue oil refineries in the region is not alone, but in all border outlets in Iraq."

The New York Times published a report on the eighth of this month, it referred to the concern of the American Administration to the existence of the smuggling of Iraqi crude oil and oil derivatives, cross-border points in the Kurdistan region, as deduced from Washington's attempts to impose sanctions on Tehran.

With, consider the KRG reportedly the report of the American newspaper "untrue." He described the Kurdish official publication of news reports about the involvement of the region behind the smuggling of oil and "political purposes", meant to disguise the smuggling of large Iraqi crude oil through southern Iraq to Iran.

The differences on oil contracts and oil and gas law the national highlighted files contentious relationship between Erbil and Baghdad, although the Territory is the first of June last year the export of oil from the fields officially, but quickly stopped the differences on the dues of companies working on oil extraction to stop the export, which lasted only about 90 days, which is turned off since September last year and so far.

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