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Page added on December 9, 2017
Iraq and Iran sign Kirkuk oil swap deal
Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said on Saturday.
The agreement signed by the two countries provides for Iran to deliver to Iraq’s southern ports, on the Gulf, “oil of the same characteristics and in the same quantities” as those it would receive from Kirkuk, Luaibi said in a statement.
The deal in effect allows Iraq to resume sales of Kirkuk crude, which have been halted since Iraqi forces took back control of the fields from the Kurds in October.
Between 30,000 and 60,000 bpd of Kirkuk crude will be delivered by tanker trucks to the border area of Kermanshah, where Iran has a refinery, Luaibi said.
The two countries are planning to build a pipeline to carry the oil from Kirkuk, so as to avoid trucking the crude, he said.
The pipeline could replace the existing export route from Kirkuk via Turkey and the Mediterranean by pipeline.
Kurdish forces took control of Kirkuk in 2014, when the Iraqi army collapsed in the face of Islamic state, preventing the region’s oilfields from falling into the hands of the militants.
One Comment on "Iraq and Iran sign Kirkuk oil swap deal"
Cloggie on Sun, 10th Dec 2017 12:04 am
Shia majority Iraq and Iran get along fine. This is the outcome of the invasion, KSA feared most in 2003. Apneaman’s murderous neocohn loser bunch next organized the uprising in Syria, but the US mercenary army called ISIS was in the end defeated by a coalition of Assad, Russia, Iran and Hezbollah.
We have a new Middle East now with strongly refuced US role.
The Shia Crescent Tehran, Baghdad, Damascus is absolutely NOT in the pocket of Washington, that further estranged half-allies Turkey and KSA with this insane Jerusalem stunt by Trump. Jerusalem was owned by the Jews only during a brief episode in their history and these Ukrainian Khazars like apneaman have zero historic claims on this city.
https://www.amazon.com/Invention-Land-Israel-Holy-Homeland/dp/1781680833/ref=sr_1_1
Meanwhile KSA has isolated itself with its anti-Shia Sunni fundamentalism, where diverse nations like Turkey and Iran are not interested in inner-muslim conflict. They prefer to cultivate animosity against that dagger in the Arab world named Israel.
US influence in the ME hinges on two lasts remnants: the Egyptian army and the House of Saud. Both are pillars built on quick sand.