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MENAFN - - 04/07/2012

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(MENAFN) Iraq's Kurdistan is considering selling natural gas directly to Turkey within two years, a move that would anger Baghdad, Reuters reported.

The Kurdistan Regional Government (KRG) have long disputed with the central government in Baghdad over issues including late payments for crude, the legality of the regional government's oil deals and disputed territory.

KRG Minister of Natural Resources Ashti Hawrami said that the local government plans to sell 10 billion cubic meters of natural gas to Turkey and later Europe in the long-term.

While there are no official figures for gas reserves in Kurdistan, Iraq as a whole has the world's 10th-largest reserves at 112 trillion cubic feet, according to US Department of Energy data.

 






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