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Kurdistan government launches oil export

Other News Materials 1 June 2009 12:22 (UTC +04:00)

The Kurdistan government launched export of over 100,000 barrels of oil on June 1, Asharq Al-Awsat newspaper reported.

Manager of Taq-Taq project controlled by Turkish Energy Mohmmad Okutan said 40,000 barrels of oil is scheduled to be exported per day.

The exports will total around 100,000 barrels per day from Tawke and Taq-Taq fields.  

The oil will be sold by State Oil Marketing Organization. The oil will be pumped to Turkish Ceyhan port via oil pipeline.

In Jan. 2008, Iraq's oil minister stopped work with foreign oil companies cooperating with Kurdish government. Iraqi government adopted a law on centralization of contracts on oil exploration and development which was not recognized by Kurdish authorities who signed contracts with companies directly.   

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