(Bloomberg) — Iraq said Kurdistan oil will be sold at
international prices and told companies buying supplies to sign new contracts, Rudaw reported citing unnamed sources.
Representatives from the Kurdistan Regional Government and Iraqi government met on Friday and agreed on the new mechanism to sell Kurdistan oil jointly. Negotiations on contracts and finding new buyers in addition to current ones for the oil at Turkey’s port of Ceyhan will follow, Rudaw added.
Two Iraqi officials denied the Rudaw report, telling Bloomberg that no agreement has been reached yet.
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Last week Iraq’s oil ministry urged Kurdistan to agree with Baghdad and
restart oil flows to Ceyhan.
To contact the reporter on this story:
Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at nrazzouk2@bloomberg.net
Sara Marley, Gautam Naik
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