Turkey, Iraqi Kurdistan sign landmark energy contracts

[Xaaji Xunjuf]

Turkey, Iraqi Kurdistan sign landmark energy contracts

BY HUMEYRA PAMUK AND ORHAN COSKUN

ANKARA Fri Nov 29, 2013 3:32am EST

 

 

Iraq's Kurdistan Prime Minister Nechirvan Barzani speaks to the media after voting in Arbil, capital of the autonomous Kurdistan region, about 350 km (217 miles) north of Baghdad, September 21, 2013. REUTERS-Thaier Al-Sudani

1 OF 2. Iraq's Kurdistan Prime Minister Nechirvan Barzani speaks to the media after voting in Arbil, capital of the autonomous Kurdistan region, about 350 km (217 miles) north of Baghdad, September 21, 2013.

CREDIT: REUTERS/THAIER AL-SUDANI

(Reuters) - Turkey and Iraqi Kurdistan signed a package of landmark contracts earlier this week that will see the semi-autonomous region's oil and gas exported via pipelines through Turkey, sources close to the deal told Reuters on Friday.

 

The sources said the deals were signed during Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani's three hour-long meeting with Turkish Prime Minister Tayyip Erdogan on Wednesday.

 

The move is likely to further infuriate Baghdad, which claims the sole authority to manage Iraqi oil and which said late on Thursday that any energy deal with Kurdistan would be "an encroachment on the sovereignty of Iraq".

 

The Turkish Energy Ministry declined to comment.

 

Crude flow in the KRG's new pipeline will start very soon, and will link up with the 40 inch-line of the existing Kirkuk-Ceyhan pipeline to be exported to world markets.

 

The state-backed Turkish Energy Company (TEC), which Ankara set up to operate in northern Iraq, has also signed a contract to operate in thirteen exploration blocks, in about half of those it is teaming up with U.S. giant ExxonMobil.

 

The contracts also envisage the building of a new oil pipeline and a gas pipeline, aimed to help the region's oil exports to climb to 1 million bpd by 2015. The gas flow is likely to start by early 2017.

 

Under the deal, payments for KRG's oil will be collected in an escrow account at a Turkish state bank. Once the contractor fees are paid, the balance will remain untouched until KRG and Baghdad reach a deal on the revenue sharing.

 

(Reporting by Humeyra Pamuk and Orhan Coskun; Editing by Daren Butler)

[Kaluun]

In the near future, Mogadishu will be reduced to tears and will be making threats with its baby teeth just like Baghdad while Hargeisa becomes the new Arbil with Genel Energy set to hit big in Oilweyne (Oodweyne).

 

I foresee it and the Turks themselves know it its coming that's why they want to play the 'neutral mediator' so they can pump the oil in Oilweyne without Mogadishu flooding itself with too much tears. Giving them few hospitals, schools, trash boys, roads and completely sealed off 'embassy' might sweeten the deal while Hargeisa's office is for now referred to as 'consulate'.

 

There is perfect resemblance between Hargeisa-Mogadishu relations and Arbil-Baghdad relations.

 

Few months ago, Genel suspended its operations in SL citing security but it was politically motivated. The contractors got bullied by Mogadishu. Genel got bombarded by Mogadishu and some Western diplomats who themselves want the oil deals.

 

The likes of Shell and American oil firms were giving down payments to diplomats to pressure Genel to pull out. If SL gave contract to Shell, be sure they would be jumping up and down and don't care about Somalia. Its all business.

 

The Turks have realized if they pull out, the Westerners will continue to bully them all around the world as Turkey's economy grows and they become competitive.

 

The UK government now approves of Genel as does the US and few others.

 

“There’s a parallel between their successes in Kurdistan and successes we hope to have here in Somaliland,” Duale.

 

So lets get this oil in Oilweyne and lets see how much of a government the few boys in Villa Somali Italiana are (AMISOM can you please wewe invade Oilweyne for us ***cute faces).

[Dalmar1]

Kaluun;988290 wrote:

In the near future, Mogadishu will be reduced to tears and will be making threats with its baby teeth just like Baghdad while Hargeisa becomes the new Arbil with Genel Energy set to hit big in Oilweyne (Oodweyne).

 

I foresee it and the Turks themselves know it its coming that's why they want to play the 'neutral mediator' so they can pump the oil in Oilweyne without Mogadishu flooding itself with too much tears. Giving them few hospitals, schools, trash boys, roads and completely sealed off 'embassy' might sweeten the deal while Hargeisa's office is for now referred to as 'consulate'.

 

There is perfect resemblance between Hargeisa-Mogadishu relations and Arbil-Baghdad relations.

If wishes were horses landers would ride it,....so wish harder!

[thefuturenow]

Kaluun, the rest of Somalia welcomes competition.

But we beg, as that is all we know how to do, don't invade us with your high tech military weapons and ultra-loyal army when the oil proceeds come in. We are merely peasants in your path to glory. Please, be merciful.