Bid & Tender
KRG-Iran Make Progress on Oil Pipeline Deal

Date : Jun 24, 2016

Iran and the Kurdistan Regional Government (KRG), have reportedly agreed the technical details of a plan to build a pipeline that could transfer as much as 250,000 bpd of Kurdish oil to Iran.

 

Taha Zangana the KRG’s deputy minister of natural resources, told reporters “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.”

 

Zangana added that a high-level Kurdish delegation is expected to visit Tehran after Ramadan to finalise and sign the deal, which could also include natural gas.