Al-Ghadban: The oil agreement with Kurdistan will enter into force early next month
09:01 - 12/12/2019
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The Deputy Prime Minister for Energy and Oil Minister Thamer Al-Ghadban announced, Thursday, the federal government agreement with the Kurdistan region that the latter will deliver (SOMO) company 250 thousand barrels per day of crude produced there as of 1/1 of next year .
Al-Ghadhban said in a statement reported by the official newspaper Al-Sabah and viewed by him / the information: “The federal government and the regional government are serious about solving problems related to the oil file between the center and the region. The federal budget, its working mechanisms and how to calculate the region's share.
He added that "the two sides set the region's obligations towards the federal government and the budget, especially since the region's current production of crude oil reaches 450 thousand barrels per day and most of it goes to export", noting that "it was agreed that the ceiling of production in the region be around 450 thousand barrels because This affects [You must be registered and logged in to see this link.] share in (OPEC). ”
Al-Ghadban stressed that "the agreement that was concluded between the federal government and the region requires that the latter, starting 1/1 of next year, hand over the federal government 250,000 barrels per day of crude oil produced out of the 450,000 barrels per day produced there." Ended / 25