PDA

View Full Version : KRG, Iran make Progress on Oil Pipeline Deal



Investors Iraq News
06-23-2016, 11:29 AM
By John Lee.
Iran (http://www.iran-bn.com/)and the Kurdistan Regional Government (KRG)*have reportedly agreed the technical details of a plan to build a pipeline that could transfer as much as 250,000 bpd of Kurdish oil to Iran.
Taha Zangana (pictured), the KRG’s deputy minister of natural resources, told Al Jazeera:
“We [the KRG and Iran] have an understanding on how to do this [exporting KRG oil and gas to Iran]. The technical aspects have been talked about and are clear to both sides. What remains is the political and commercial side of it.”
Zangana added that a high-level Kurdish delegation is expected to visit Tehran after Ramadan to finalise and sign the deal, which could also include natural gas.
More details here. (http://www.aljazeera.com/news/2016/06/iraq-kurds-iran-eye-oil-deal-160621072705742.html)
(Source:*Al Jazeera)


Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2016/06/23/krg-iran-make-progress-on-oil-pipeline-deal/)

Post your commentary below.