Turkish minister: Oil imports from Kurdish Autonomy to Turkey implemented by private sector
Azerbaijan, Baku, July 11 /Trend A.Taghiyeva/
Oil imports from Iraq's Kurdish Autonomy to Turkey are implemented by the private sector, Energy and Natural Resources Minister Taner Yildiz said on Wednesday, the agency Anadolu reported.
"It is necessary to provide petroleum to the Kurdistan Region administration. We also intend to provide oil products to the central government of Iraq," Yildiz said.
A number of Turkish media reported that Kurdish autonomy began to export oil to Turkey. It was reported that the Turkish refineries processed crude oil and petroleum products will be exported back to the Kurdish autonomy.
According to BP, Iraq's proven oil reserves amounted to 143.1 billion barrels as of late 2011.
The country ranks third in OPEC after Saudi Arabia and Iran. According to BP, oil production in Iraq amounted to 2.798 million barrels per day in late 2011.
The Kurdish administration in northern Iraq has oil reserves of 45 billion barrels.