Kurds and Iran eye an oil deal

Kurdish and Iranian officials in talks to transfer as much as 250,000 barrels per day of Kurdish oil to Iran.

Kurds and Iran eye an oil deal

World Bulletin / News Desk

Iran and the Kurdistan Regional Government (KRG) have hammered out the technical details of a plan to build a pipeline that could transfer as much as 250,000 barrels a day of Kurdish oil to Iran, but signing off the deal has yet to happen, according to Kurdish officials.

"We [the KRG and Iran] have an understanding on how to do this [exporting KRG oil and gas to Iran]. The technical aspects have been talked about and are clear to both sides. What remains is the political and commercial side of it," Taha Zangana, the KRG's deputy minister of natural resources, who led the talks from the KRG side, said.

Zangana added that a high-level Kurdish delegation is expected to visit Tehran - after the Muslim holy month of Ramadan - to finalise and sign the deal. He, however, declined to say whether or not a specific date had been set.

If a formal deal eventually emerges, observers say, it could have long-term geopolitical ramifications by possibly bringing Tehran and the KRG closer together.


Güncelleme Tarihi: 26 Haziran 2016, 13:45