*****Ankara proposes the development of Kurdistan's oil revenues in the Turkish bank and urges Baghdad and Erbil agreement on sharing

BAGHDAD - The birth of spring

Said Turkish Energy Minister, Taner Yildiz, that all Iraqis have the right to the north of their country and their oil revenues resulting from the extraction.

The minister made the remarks during a joint news conference with U.S. Secretary of Energy Ernest Moniz at the top of the Atlantic Council of the energy and the economy, which was held, finally, in Istanbul.

During the summit discussed about 350 representatives from more than 40 countries, the latest developments in the field of energy as well as electronic security issues and global finance and the revival of the Silk Road.

Yildiz said, "Turkey believes in regional integration of Iraq and will continue to work in line with the interests of the Iraqi government." He added, "the most important issue in the process of extracting oil from the region (Kurdish) is the organization set up a legal process."




Turkish companies operate in general and especially in the north of Iraq and has signed contracts for oil fields in Arbil.



The money will be deposited that have been made of these deals in the state bank and Turkey will send receipts for each transaction to the central government in Baghdad.



After that, the central government and the Iraqi Kurdish administration in the Northern Territory will Tqtzmann money in accordance with the prescribed ratio between them.



There have been a total of 39 company agreements and implement projects in the oil fields in northern Iraq, for periods ranging from three to four years.

According to mention in the meeting is expected to bring Iraq five trillion dollars and will become the second largest oil exporter by 2035 is likely to achieve 45 per cent of the overall increase in global production of oil.

Declared Turkish Energy Minister recently mediation include confirmation Ankara that all the oil or gas that passes through its territory is considered the property of the whole of Iraq, and suggested the development of oil revenues from Iraq's Kurdistan in the calculation of a bank belonging to the Turkish state, to decide Baghdad and Erbil is the sharing of these revenues.

In contrast, the MP from the parliamentary bloc of the Iraqi Rafidain Imad Youkhana, that Turkish mediation to resolve the subject of sharing oil resources between Baghdad and Erbil is interference in Iraqi affairs.

Youkhana said, in a press statement, said that Turkey's policy towards Iraq floundering, although the timing of presentation Turkish mediation is not very suitable, especially as it comes in the midst of the existing convergence between Baghdad and Ankara. He pointed out that the solution to the problem between Baghdad and Erbil on the sharing of oil resources can not be done only through the enactment of the oil and gas, adding that "Turkey's policy toward Iraq floundering and they are always looking for their interests and do not care about the interests of others."

Furthermore, Al Barzani President of the Kurdistan Regional Government, for making a visit Baghdad soon to discuss with the federal government the subject of the oil pipeline, which performs in Arbil.

And the disruption of export crude from a member country of the Organization of Petroleum Exporting Countries to Turkey through the Kirkuk-Ceyhan pipeline has repeatedly this year because of militant attacks.

Iraq and ship most of its oil exports from southern ports. And pumped about a quarter of its exports, or slightly less than 400 thousand barrels per day through the pipeline from Kirkuk to Ceyhan in Turkey.


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