Group items tagged

The oil and energy ministry of Turkey announced that the Kurdistan oil stock at Turkey port has reached 2.8 million barrels with the export of 100,000 barrels per day. It shows that the performance of oil industry is so good in Kurdistan. Kurdistan with the cooperation of Iraq is exporting crude oil in the international market via Turkey.

Iraqi Dinar 123 News:- The country that is in deep trouble by the poor law and orders situation of Iraq is the Turkey. The country imports more than 90% of its oil from other countries of the world to fulfill the needs of the country.

Both of the regions decided to enhance the oil trade in the region. Some new contracts are also signed by Kurdistan with Turkey to expand the oil contracts of Kurdistan with Turkey. The volume of oil trader will also be increased as a result of this new contract.

Tatar Yaldiz, the Turkish energy minister told that exporting crude oil through Turkey will be favorable not only for Kurdistan but also for the Iraq. The Turkey Minister hoped that it can also be a good solution for recent tension between Kurdistan and Iraq government.

Kurdistan regional government is exporting its own oil through Cyhan port to sale in the international market by the stock available in the Turkey. Bagdad considers this deal as illegal and wants to go in court against this deal between Kurdistan and Turkey.

The Staurt Jones will start his work after final results of general elections. The ambassador will meet prime minister of Iraq and the Prime minister of Kurdistan Regional Government to create consensus between both of the regions. Resources say that Baghdad is ready to export oil through Turkey pipelines.

The governor of the Iraqi Central Bank and the Agency Abdul-Basit Turki said that "the most prominent changes incurred by the new category of paper ten thousand dinars are the factors of safety against forgery and damage," noting that "the new edition will include changing the image of the Arab world, al-Hasan ibn al-Haytham and replaced in the Liberation Monument in central Baghdad"

The news that came in from a source in Turkey about the Iraqi Dinar that it has become stable. This is great news for all the investors and the local Iraqis. The Iraqi citizens demanded that they could store the foreign currency on temporary bases which would be balanced as per the orders of the governor of Iraq by 1.3% of the US dollar.

It is good news for Iraq that Kurdistan is taking interest in the improvement of the country by exporting oil for the betterment of the country. The Kurdistan region exported oil through Ceyhan port. The KRG oil is equal to 150,000 barrels a day and it was exported to Turkey through Ceyhan. With the stable price of the oil and that also at a lower rate of $80 per barrel; every country is interested in importing and storing oil.