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Parliamentary Oil: Proposals to resume exporting crude through the port of Ceyhan
Iraq 2023/08/27
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Baghdad: Muhannad Abdel-Wahhab
The Parliamentary Oil and Gas Committee stated that the Turkish delegation, which visited Iraq recently, proposed six conditions for resuming the export of crude through the port of Ceyhan, while specialists called for expediting the settlement of differences in this file.
Turkish Foreign Minister Hakan Fidan held talks in Baghdad, to which he arrived last Tuesday on an official visit, during which he met with a group of political leaders to discuss a number of important issues and issues between the two countries, while stressing that Iraq is a priority in Ankara's foreign policy.
A member of the Parliamentary Oil and Gas Committee, Sabah Sobhi, told Al-Sabah: The Turkish delegation’s visit to Iraq included a paper of basic conditions for negotiating the resumption of Iraqi oil through the Turkish port of Ceyhan, especially after the decision of the International Court to fine Turkey one billion and 400 million dollars for its contribution to selling oil outside the company. (sumo).
And he indicated that the Turkish delegation had previously visited Iraq and conducted rounds of technical negotiations, and there are a number of conditions with the Turkish Ministry of Energy talking about resuming the oil of the Kurdistan region and Kirkuk together through pipelines to the Turkish port of Ceyhan.
Sobhi explained that the paper submitted by the Turkish side included 6 basic conditions, including the costs of transporting a barrel of oil in pipelines, which is estimated at $13 per barrel, in addition to withdrawing the invitation submitted to the International Arbitration Court, which included compensation from the Turkish side to Iraq from 2018 to 2020. He
added that these are basic conditions, and there are other conditions that include the dues of the Turkish oil company, which amount to 7 dollars per barrel, as well as their claim for the oil agreement between the region and Turkey, indicating that all these ideas will be put on the negotiating table between the Turkish and Iraqi sides in order to resume oil.
Sobhi believes that the conditions are positive, especially since there are great economic pressures on the Turkish government, especially with regard to the currency rate and the general economy, and these pressures allow it to make concessions in order to benefit from the passage of the agreed amount of oil.
For his part, the oil expert, Sabah Alo, said that this visit comes after a decline in the Turkish-Iraqi oil and commercial relations, after the decision of the International Tribunal to condemn Turkey for exporting Kurdistan's oil, which led to its suspension for a period of time and caused great losses to Iraq and even Turkey.
He added that the negotiations between Turkey and Iraq in this file will give the possibility to settle any form of disputes and restore export operations, as the region produces between 550 to 600 thousand barrels per day and exports in the range of 400 to 450 thousand barrels per day.
He added that the Turkish Ceyhan pipeline transports an estimated one million and 250 thousand barrels per day, so it constitutes a very important point for Iraqi revenues, and it is necessary to quickly settle the problems with Turkey in order for the benefit to prevail on both sides.
Alou stated that the rise in oil prices to above $80 a barrel will affect the Turkish and Iraqi economies in terms of higher revenues, so an understanding between the Iraqi and Turkish oil ministries is necessary regarding the centrality of the issue of oil marketing in the (SOMO) company away from the measures that the regional government was taking in The issue of dealing with export operations, and this also requires understanding and zeroing out the problems between Baghdad and Erbil and working to settle this file under one central control, which gives the possibility in the settlement processes and the direction in the issue of developing the oil industry and increasing energy in the production and export process, which increases the revenue rates Iraq needs. .
While the economist, Dr. Qusai Safwan, stated that there were difficulties in selling oil after the international sanctions in fining the Turkish side an amount of one billion and 400 million dollars for its contribution to selling oil away from (SOMO) company.
He added that it is currently possible to negotiate on this issue, in addition to taking a set of reforms in order for there to be sustainability in the export process.
Edited by: Ali Mouafaq
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