Turkey and the Iraqi
oil Iraq-Turkey, Politics, 12/28/2002
The Turkish daily Sabah said yesterday that Turkey informed the US officially
that it wants a share of the Iraqi oil at a rate of 10%, noting that in case
that Washington approves the said request, Ankara will get a 5.5 billion dollars
of the oil revenues annually.
The paper quoted Murad Murjan, the deputy
chairman of the Turkish justice and development party, as saying that a group of
academics had prepared a study to this effect and it was submitted officially to
certain American officials.
Murjan indicated that the said study is based
on Luzanne Treaty which Turkey had signed with Britain during the demarcation of
the Turkish borders with Iraq in 1926. The Treaty states to offer Turkey a rate
of 10 % of the Iraqi oil production.
Murjan added that Luzanne agreement
has not only confined to offering Turkey the said 10% rate but also states an
obligatory item for Turkey to get a share of oil companies revenues and from oil
transportation as well as a share from other oil byproducts.
Worthy
mentioning that the Luzanne agreement which was signed in 1926 and according to
which Turkey was afforded 10% of the oil revenues in al-Mousel for 25 years.
However, Turkey had given up its share for 500,000 Sterling
Pound
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