[You must be registered and logged in to see this image.]
Do we resume Kurdistan - Ceyhan?
The Iraq-Turkey oil line has become very decisive after the Red Sea battles...an international report
21:42
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
Risks related to maritime trade routes emerged with Yemen's entry into the confrontation, as the Houthis decided to target any ships that have a relationship with Israel or deal with its ports. The Tankers Authority called on all ships to avoid the Bab al-Mandab Strait at the southern end of the Red Sea.
What is striking about this tanker is that it transports Iraqi oil to Turkey via a long, expensive and currently unsafe route, while the Iraqi-Turkish oil pipeline remains idle since March 2023.
Iraq's loss as a result of this cessation to date has exceeded more than nine billion dollars. Turkey also loses fees for exporting Iraqi oil through its territory, to which are added today the costs of oil exported through the Gulf of Oman and the Red Sea.
Iraq also has an old pipeline to export oil through the Saudi port of Yanbu on the Red Sea, but the negotiations did not produce specific results.
Earlier, Iraqi sources reported that Iraq is also studying the rehabilitation of the Kirkuk-Baniyas (Syria) pipeline, and there are ambitious plans to extend a pipeline through Jordan, but this requires quite a while.
The option of exporting Iraqi oil through Turkish territory may seem most appropriate due to its proximity to European markets that need oil and gas in light of the war in Ukraine and Europe’s refusal to buy oil and gas from Russia.
This clearly indicates the importance of the return of Kurdistan's oil exports to global markets, especially with the possibility of increasing production to one million barrels per day. It may also be appropriate to think about exporting quantities of central and southern Iraq's oil through the Kurdistan region.
However, this matter collides with a number of obstacles, the first of which is the necessity of laying pipelines linking central and southern Iraqi fields with Turkish ports, which is considered expensive and requires time and large investments. The other factor relates to Turkey's position on this expansion and allowing Iraqi oil to pass through its ports in light of the continued halt of Kurdistan oil exports.
Iraq does not have a large capacity to store oil for long periods, so any future closures in the Strait of Hormuz or Bab al-Mandab will mean Iraq losing at least a quarter of a billion dollars per day.
In the event of a disruption of revenues, the value of the Iraqi dinar will fall significantly, and this will lead to a significant rise in prices, with an almost complete cessation of trade movement that depends on external imports.
As tensions continue to rise in the Middle East, Iraq will not be far from what is happening. Demands to remove coalition forces from Iraq at this time will be interpreted as a victory for Tehran and its allies over Washington.
However, the government of Iraqi Prime Minister Muhammad Shia al-Sudani believes that the withdrawal of coalition forces will lead to easing tension in the region. Therefore, a bilateral committee was formed to determine arrangements for ending the mission of the US-led international coalition.
The security factor may be the most prominent element in determining the fate of the Iraqi economy. The matter is not only related to exporting oil and gas, but also to providing appropriate conditions for foreign companies to increase production and with large projects such as Al-Faw port and achieving self-sufficiency in the field of food, as it requires large investments and advanced technologies that will not be provided in The shadow of the war atmosphere or Iraq's entry into the conflict game with one party rather than another.
[You must be registered and logged in to see this link.]
Do we resume Kurdistan - Ceyhan?
The Iraq-Turkey oil line has become very decisive after the Red Sea battles...an international report
21:42
964
A report by an international research center based in London stated that the security developments taking place in the Middle East and the Mediterranean coasts make it imperative for Iraq to secure reliable ways to export oil, stressing that the safest route currently passes through Turkey, which makes it necessary to quickly resolve disputes over the oil export line. From the Kurdistan region.the details:
According to the report of the “International Center for Development Studies” in London, which prepares research on the economies of Arab countries and the Middle East region, the crises that may not end quickly, in the Red Sea, and the procedures of international trade institutions, require Iraq to ensure guaranteed routes for oil supplies, especially since Many European countries have begun to accept the Iraqi product more than ever since the outbreak of war in Ukraine.[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Iraq is in the storm of the global slowdown.. The halt of Erbil oil is not just a financial loss and political dispute
[You must be registered and logged in to see this link.]
The International Center for Development Studies, in a report followed by the 964 Network:
The longer the war in Gaza continues, the greater the risk of the war expanding. The border between Israel and Lebanon witnesses daily strikes, while American bases in both Iraq and Syria have been targeted numerous times.Risks related to maritime trade routes emerged with Yemen's entry into the confrontation, as the Houthis decided to target any ships that have a relationship with Israel or deal with its ports. The Tankers Authority called on all ships to avoid the Bab al-Mandab Strait at the southern end of the Red Sea.
Iran confiscated a cargo of Iraqi oil
These fears were increased by Iran's recent seizure of an oil tanker in the Gulf of Oman that was loaded with Iraqi oil and headed to Turkish ports via the Suez Canal.What is striking about this tanker is that it transports Iraqi oil to Turkey via a long, expensive and currently unsafe route, while the Iraqi-Turkish oil pipeline remains idle since March 2023.
Iraq's loss as a result of this cessation to date has exceeded more than nine billion dollars. Turkey also loses fees for exporting Iraqi oil through its territory, to which are added today the costs of oil exported through the Gulf of Oman and the Red Sea.
All routes are closed except Türkiye
Baghdad's current options for exporting oil do not seem comfortable, as Iraq exports about 3.4 million barrels of oil per day, 85 percent of which is via Basra, while approximately 15 percent is exported through the Kurdistan region to Turkey and from there to global markets.Iraq also has an old pipeline to export oil through the Saudi port of Yanbu on the Red Sea, but the negotiations did not produce specific results.
Earlier, Iraqi sources reported that Iraq is also studying the rehabilitation of the Kirkuk-Baniyas (Syria) pipeline, and there are ambitious plans to extend a pipeline through Jordan, but this requires quite a while.
The option of exporting Iraqi oil through Turkish territory may seem most appropriate due to its proximity to European markets that need oil and gas in light of the war in Ukraine and Europe’s refusal to buy oil and gas from Russia.
Note the Bulgarian demand for Iraq
During the current month, Bulgaria, which last year was the fourth largest buyer of Russian oil, replaced Russian oil shipments with those from Kazakhstan, Tunisia, and Iraq. According to the data, Bulgaria bought 76 thousand tons of Basra Light oil this month.This clearly indicates the importance of the return of Kurdistan's oil exports to global markets, especially with the possibility of increasing production to one million barrels per day. It may also be appropriate to think about exporting quantities of central and southern Iraq's oil through the Kurdistan region.
However, this matter collides with a number of obstacles, the first of which is the necessity of laying pipelines linking central and southern Iraqi fields with Turkish ports, which is considered expensive and requires time and large investments. The other factor relates to Turkey's position on this expansion and allowing Iraqi oil to pass through its ports in light of the continued halt of Kurdistan oil exports.
Iraq's economy and the departure of American forces
As Iraq seeks to increase its production to approximately 6 million barrels per day, thinking about expanding and diversifying export outlets is essential to achieving this goal.Iraq does not have a large capacity to store oil for long periods, so any future closures in the Strait of Hormuz or Bab al-Mandab will mean Iraq losing at least a quarter of a billion dollars per day.
In the event of a disruption of revenues, the value of the Iraqi dinar will fall significantly, and this will lead to a significant rise in prices, with an almost complete cessation of trade movement that depends on external imports.
As tensions continue to rise in the Middle East, Iraq will not be far from what is happening. Demands to remove coalition forces from Iraq at this time will be interpreted as a victory for Tehran and its allies over Washington.
However, the government of Iraqi Prime Minister Muhammad Shia al-Sudani believes that the withdrawal of coalition forces will lead to easing tension in the region. Therefore, a bilateral committee was formed to determine arrangements for ending the mission of the US-led international coalition.
The security factor may be the most prominent element in determining the fate of the Iraqi economy. The matter is not only related to exporting oil and gas, but also to providing appropriate conditions for foreign companies to increase production and with large projects such as Al-Faw port and achieving self-sufficiency in the field of food, as it requires large investments and advanced technologies that will not be provided in The shadow of the war atmosphere or Iraq's entry into the conflict game with one party rather than another.
[You must be registered and logged in to see this link.]
Today at 6:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Today at 6:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Today at 6:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Today at 6:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Today at 6:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Today at 6:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Today at 6:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Today at 6:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Today at 6:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Today at 6:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Today at 6:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Today at 5:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Today at 5:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Today at 5:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Today at 5:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Today at 5:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Today at 5:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Today at 5:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Today at 5:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Today at 5:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Today at 5:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Today at 5:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Today at 5:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Today at 5:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Today at 5:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Today at 5:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Today at 5:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Today at 5:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Today at 5:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Today at 5:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Today at 5:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Today at 5:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Today at 5:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Today at 5:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Today at 5:24 am by Rocky
» A leader in the framework: There is no need for early elections...the “legislative” elections will t
Today at 5:23 am by Rocky
» Parliament decides to extend its legislative term by 30 days
Today at 5:22 am by Rocky
» Iraq has the tenth worst economic growth in the world during the last 5 years
Today at 5:19 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Today at 5:17 am by Rocky
» It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
Today at 5:15 am by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Yesterday at 10:31 am by Rocky
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
Yesterday at 10:27 am by Rocky
» MM&C 5/9/24 Customs, security and economic aspects
Yesterday at 10:24 am by Rocky
» Union of Arab Banks: Iraq's environment encourages investment
Yesterday at 7:57 am by Rocky
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
Yesterday at 7:55 am by Rocky
» The International Development Bank announces the opening of its new branch in Erbil
Yesterday at 7:52 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 7:50 am by Rocky
» Budget delay: the cry for help for paralyzed services and disrupted dreams
Yesterday at 7:47 am by Rocky
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
Yesterday at 7:44 am by Rocky
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
Yesterday at 7:43 am by Rocky
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
Yesterday at 7:41 am by Rocky
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
Yesterday at 7:39 am by Rocky
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
Yesterday at 7:34 am by Rocky
» Deputy: Extending the legislative term depends on sending the budget schedules
Yesterday at 7:30 am by Rocky
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
Yesterday at 7:29 am by Rocky
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
Yesterday at 6:23 am by Rocky
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
Yesterday at 6:22 am by Rocky
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
Yesterday at 6:21 am by Rocky
» Economist on the decline in dollar prices: My time and it will not reach its official price
Yesterday at 6:20 am by Rocky
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
Yesterday at 6:18 am by Rocky
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
Yesterday at 6:17 am by Rocky
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
Yesterday at 6:16 am by Rocky
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
Yesterday at 6:15 am by Rocky
» Turkish Minister of Transport: The development road will cost $20 billion
Yesterday at 6:13 am by Rocky
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
Yesterday at 6:12 am by Rocky
» Work: Preparing a unified national strategy to create job opportunities for youth
Yesterday at 6:11 am by Rocky
» The Prime Minister's financial advisor reduces the risks of the budget deficit
Yesterday at 6:10 am by Rocky
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
Yesterday at 6:09 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Yesterday at 6:08 am by Rocky
» A unified national strategy to create job opportunities for youth
Yesterday at 6:07 am by Rocky
» A one-week deadline to decide the position of Speaker of Parliament
Yesterday at 6:06 am by Rocky
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
Yesterday at 6:04 am by Rocky
» The Commission suspends the Kurdistan Parliament's voting procedures
Yesterday at 6:03 am by Rocky
» $100 million to localize the pharmaceutical industry
Yesterday at 6:01 am by Rocky
» Increase in external remittances at the Central Bank
Yesterday at 6:00 am by Rocky
» A government advisor reduces the risks of a budget deficit
Yesterday at 5:54 am by Rocky
» Culture: We seek to invest in the stability of the country to advance the tourism sector
Yesterday at 5:53 am by Rocky
» Integrity announces the results of a questionnaire on bribery in real estate registration department
Yesterday at 5:50 am by Rocky
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
Yesterday at 5:49 am by Rocky
» The dollar rises again against the Iraqi dinar in Baghdad
Yesterday at 5:45 am by Rocky
» Politician: The government does not deal transparently with the issue of expelling the Americans
Yesterday at 5:43 am by Rocky
» A government bank participating in an accounting project
Yesterday at 5:42 am by Rocky
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
Yesterday at 5:41 am by Rocky
» French Consul: France strengthens relations with the Kurdistan Region
Yesterday at 5:39 am by Rocky
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
Yesterday at 5:38 am by Rocky
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen
Yesterday at 5:37 am by Rocky
» Taqadum Party: The absence of the Speaker of Parliament disrupted the general amnesty law
Yesterday at 5:36 am by Rocky
» The file of oil export through Turkish territory is under the control of politicians
Yesterday at 5:33 am by Rocky
» For the sake of the position of president and the budget schedules... there is a preference for exte
Yesterday at 5:32 am by Rocky
» “If you bring the equipment, let’s begin.” Revealing the secrets of Erdogan’s visit to Iraq and the
Yesterday at 5:31 am by Rocky
» Parliamentary moves to approve the Human Organ and Tissue Bank Law
Yesterday at 5:29 am by Rocky
» Electricity embarks on an 11-axis plan to develop the energy sector
Yesterday at 5:27 am by Rocky
» Al-Asadi announces work on legislating a law on occupational health and safety
Yesterday at 5:26 am by Rocky
» Al-Rasheed: Increasing the amount of loans for restoration and maintenance of buildings to 50 millio
Yesterday at 5:25 am by Rocky
» Under the chairmanship of Al-Sudani, Reconstruction and Investment agree on projects related to elec
Yesterday at 5:24 am by Rocky
» Baghdad and Tehran.. New discussions regarding railway connectivity to transport visitors between th
Yesterday at 5:23 am by Rocky
» Immigration: Our plan focuses on the voluntary return of displaced persons and rejecting their house
Yesterday at 5:22 am by Rocky
» An Iraqi trade delegation in Iran to facilitate the export of agricultural crops to Iraq
Yesterday at 5:21 am by Rocky
» Sudanese launches work on the Union Mills Project in Babil Governorate
Yesterday at 5:19 am by Rocky