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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Details of the first meeting to resume exporting Kurdistan's oil

    Rocky
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    Details of the first meeting to resume exporting Kurdistan's oil Empty Details of the first meeting to resume exporting Kurdistan's oil

    Post by Rocky Tue 20 Jun 2023, 6:47 am

    Details of the first meeting to resume exporting Kurdistan's oil

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    Economy News _ Baghdad
    Negotiations held by Iraqi officials in the energy sector and a Turkish technical delegation in Baghdad did not achieve any breakthrough regarding the resumption of Kurdistan region's oil exports, according to the London-based Al-Arab newspaper.
    The newspaper stated, "The failure of the meeting was expected, because the issue is not related to technical aspects, but rather a political issue, and therefore holding such meetings, according to observers, is useless and absurd."
    The meeting came more than two months after the region's oil exports stopped through the Turkish port of Ceyhan, amid speculation that the matter would take a long time, as Turkey is trying to exploit the situation in order to put pressure on Baghdad regarding compensation that Ankara is supposed to pay.
    An official close to the talks, who requested anonymity, said: "We are discussing all technical aspects related to the resumption of oil exports, but the decision to restart pumping will not happen today, and we need to hold more meetings."
    Turkey stopped exports amounting to 450 thousand barrels per day from northern Iraq through the Iraqi-Turkish pipeline on March 25 after the International Chamber of Commerce issued its ruling in an arbitration case.
    The other oil official indicated that Turkey is willing to negotiate the amount of compensation that the Chamber's decision ruled that it should pay, as well as seeking to clarify matters related to other open arbitration cases.
    Turkey's decision to suspend exports followed a ruling in which the International Chamber of Commerce ordered Turkey to pay Baghdad $1.5 billion in compensation for damages caused by the Kurdistan Regional Government of Iraq's export of oil without a permit from the government in Baghdad between 2014 and 2018.
    The other official said, "The decision to resume oil pumping needs talks at higher political levels because the obstacles to resuming oil exports are more political than technical."
    Attempts to restart the pipeline were delayed by the Turkish presidential elections last month and discussions between the Iraqi government's Oil Marketing Company (SOMO) and the Kurdistan Regional Government over a recently reached export deal. However, current indications indicate that Turkey will not allow a quick return to pumping oil through its port.
    Observers believe that the Turkish demands are not limited only to reducing the compensation that it must pay, but also to agreeing with the Baghdad government on privileges that were available to it through its direct dealings with the Kurdistan government.
     


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