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Oil: Baghdad is the most affected by the cessation of exports in the region
The first 03/26/2024
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Yesterday, Monday, the Ministry of Oil responded to the statement of the “Apicor” Association in Kurdistan, pointing out that the federal government is the one affected by the cessation of exports.
A statement from the ministry stated that “the cessation of oil exports through the Iraqi-Turkish pipeline in March 2023 was due to a Turkish decision resulting from the issuance of an international arbitration decision by the Paris Chamber of Commerce in favor of Iraq, and exports did not stop, not for a single day, as a result of an Iraqi federal decision, and after negotiations, Iraq and Turkey reached to restore Operate the pipeline and address the technical problems that resulted from its closure in the shortest possible time.”
He added, "The federal government is the most affected by the cessation of exports for reasons related to sovereign oil policy and others."
He pointed out that "the most important reason for stopping exports currently is the refusal of foreign companies operating in Kurdistan to officially hand over their production to the regional government. It is possible to resume exports in a short period if these companies deliver the oil produced from the fields located in the region in accordance with the law, and we still insist on resuming exports." Through the Iraqi-Turkish pipeline as soon as possible while adhering to the provisions of the constitution and the law.”
He stressed that "the Kurdistan Regional Government and companies have not yet received copies of the contracts for the purpose of studying them and arriving at new contracts in accordance with the constitution and the law, and the House of Representatives approved in the budget the Ministry of Oil's rate of production costs because neither it nor any other federal body was informed of the contracts in the region."
The statement stated that "companies operating in the region continue to refrain from resuming exports except after first submitting to their conditions that violate the law, and this cannot be accepted under any circumstances."
According to the statement, the Ministry of Oil expressed its dissatisfaction with “the aforementioned association statement, which included blatant interference in Iraqi internal and external sovereign affairs,” stressing that “foreign companies wishing to work in Iraq must respect the country’s sovereignty, laws, and judicial decisions.”
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