ANKARA: Iraqi Kurdistan has finalised a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines to ship the autonomous region’s rich hydrocarbon reserves to world markets, sources involved in talks said yesterday.
The deals, which could have important geo-political consequences for the Middle East, could see Kurdistan export some two million barrels per day (bpd) of oil to world markets and at least 10 billion cubic metres per year of gas to Turkey.
Such a relationship would have been unthinkable just a few years ago, when Ankara enjoyed strong ties with Iraq’s central Baghdad government and was deep in a decades-long fight with Kurdish militants on its own soil.
Agencies
