Iran, Kurdistan Sign Oil, Gas Agreement

Iran on Sunday signed an agreement in the field of oil and gas with Iraq's Kurdish Regional Government, according to Anadolu Agency. 

Abullah Akrayi, the Kurdish Regional Government official responsible for Iran affairs, told journalists that a delegation led by Rostem Qasimi, Iran's delegate for trade relations with Iraq, made the deal with the regional government's energy minister Ashti Hawrami, reports Anadolu Agency. 

As per the agreement two pipelines between the Kurdish region of northern Iraq and Iran will be constructed, and the regional government would receive between 3 and 4 million liters of refined oil fuel and natural gas in return for sending crude oil to Iran. 

According to Anadolu Agency currently, 1.5 million barrels of oil from the Kurdish Regional Government is stored in Turkey's Ceyhan port, waiting for the approval of Iraq's central government to be exported.