Oil firm to boost exports from Iraqi Kurdish area
- Associated Press
- January 18, 2013 - 5:58 AM
BAGHDAD - A London-based energy company that has started shipping oil from Iraq's self-rule Kurdish region says it plans to increase the amount it exports from there despite Baghdad's opposition.
Genel Energy said Friday that it started exporting small amounts of oil on January 7 and expects to raise the amount to 20,000 barrels a day in the coming weeks. It began the shipments after receiving permission from the Kurdish regional government.
Iraq last week threatened to seize oil exports made without its consent and sue companies dealing in what it says is illegal trade in crude.
The Kurds and Baghdad are locked in a long-running spat over oil rights. Baghdad believes the central government should manage the country's oil policy and wants all exports to travel through state-run pipelines.
© 2013 Star Tribune