Iraq Takes Control of Kirkuk Oilfields
Federal Iraqi forces seized control of key oilfields in the disputed province of Kirkuk earlier this week.
Federal Iraqi forces seized control of key oilfields in the disputed province of Kirkuk earlier this week.
Federal forces in Iraq have taken a refinery and the headquarters of the North Oil Company from the Kurdish military.
In a move that could weaken the Kurdistan Regional Government (KRG), the Iraqi Oil Ministry said that it would reopen the federal Kirkuk-Ceyhan pipeline to Turkey.
The Prime Minister of Iraq, Haider El Abadi, indicated that revenues from the northern, autonomous Kurdish region belong to central government.
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
The Iraq government called on the international community to cease importing crude oil from the autonomous region controlled by the Kurdistan Regional Government.
Russian oil firm, Rosneft, will invest approximately $1 billion to develop natural gas pipelines in areas under the authority of the Kurdistan Regional Government (KRG).