“The Iraqi Oil Ministry announced that the Kurdish Regional Government had “deflected” $6,288,000,000 to unknown sources, revenues from oil sold by Kurdistan through Turkey, funds owed to Baghdad that have since disappeared.By the end of 2014, the total of missing oil revenue, withheld and missing is expected to reach $8.4 billion. The ministry made the following statement:
‘non-disclosure of the region for oil activity and refusing to deliver revenue to the federal treasury over the past years (2010, 2011, 2012 and 2013), though the region had got its full share of the federal budget by 17%, led to losses of more than $ 119 billion dollars. The KRG has refused to tell Baghdad where the missing money is.
We believe that the Turkish government has been moving this oil to the port of Ceyhan through what they claim is a destroyed oil pipeline and selling it on the open market with the aid of the State of Israel.’
KRG strongman, Nechirvan Barzani stated, last week, that he had signed a fifty year agreement with Turkey in order to illegally sell Iraqi crude to Turkey in violation of the constitution that prohibits the sale of oil by any organization other than the Iraqi Oil Marketing Company (SOMO). Under the constitution, the KRG is prohibited from any sales of oil.
The Iraqi government and SOMO have issued a statement that all companies and individuals or institutions that buy Iraqi crude.Nechirvan Barzani, the head of the Kurdistan Regional Government stressed (in June 4, 2014) that the Kurdistan region signed an agreement with Turkey for cooperation in the field of energy, noting that this agreement will last for fifty years and it is extendable.Nechirvan Barzani had been hosted by the Parliament of the Kurdistan region to illustrate the process of exporting oil from the region. The Iraqi government stresses that the Iraqi Oil Marketing Company (SOMO) is the only one authorized to sell the crude produced by the country, including the oil of Kurdistan.The government cited the vessel, The United Adrchib, loaded at Ceyhan, Turkey and headed to the US, is one such instance of oil piracy between Turkey, Israel and the KRG. The vessel has since changed course and, at the direction of the KRG, is looking for a buyer.”