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TEHRAN, December 10 - Iran and Iraq signed a contract for exporting up to 60,000 barrels per day of crude from northern Kirkuk oilfield to Iran.
TEHRAN, Young Journalists Club (YJC) - “According to the contract, the Iraqi side will transfer 30,000- 60,000 quantities through trucks to the border point between the two countries near Kermanshah Province,” Iraqi oil minister Jabar al-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, Reuters reported.
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.
Source: ISNA
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