Oil, an agreement being studied between Iran and Kurdistan

Oil, an agreement being studied between Iran and Kurdistan

Editorial Staff
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The new pipeline should carry about 250 thousand barrels per day. After the end of Ramadan a delegation will visit to Tehran to finalize the agreement

Kurdistan and Iran are considering an agreement to build a 250 thousand barrels per day pipeline that will bring oil from the Kurdish region to Tehran. "We know how to achieve this project. The technical aspects have been clarified by both parties. What remains to be finalized are the political and commercial aspects," said Taha Zangana, the Kurdish deputy minister for natural resources. After the end of Ramadan a delegation will visit Tehran. Discussions already opened on this pipeline as early as 2014, but only now do the talks seem to lead to the actual realization of the structure. The agreement will allow Kurdistan to increase energy and economic independence from Turkey. To date, this region has in fact exported about half a million barrels a day through the only existing pipeline that ends in the Turkish port of Ceyhan on the Mediterranean Sea.