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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq resumes pumping oil through Kurdistan pipeline

    Rocky
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    • Post n°1

    Iraq resumes pumping oil through Kurdistan pipeline Empty Iraq resumes pumping oil through Kurdistan pipeline

    Post by Rocky Fri 19 Aug 2016, 5:52 am

    Iraq resumes pumping oil through Kurdistan pipeline
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    Photo: Reuters
    BAGHDAD,— Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey, a spokesman for the oil ministry in Baghdad said on Thursday.
    About 70,000 barrels per day (bpd) are being pumped through the pipeline controlled by the Kurdistan regional authorities, spokesman Asim Jihad told Reuters, giving no further details.
    Pumping stopped in March due to a dispute between the government in Baghdad and the Kurdistan Regional Government (KRG) over the control of Kurdish oil exports.

    The resumption of crude flows through the Kurdish pipeline should ease the financial burden on the Kurdish government that was hard hit by the collapse of oil prices two years ago.
    Kurdish officials in February warned that the economic crisis could increase desertions from their Peshmerga fighters that battling Islamic State group which controls vast swathes of territory just west of their region.
    The new oil minister in Baghdad, Jabar Ali al-Luaibi, expressed [You must be registered and logged in to see this link.] on the day of his appointment on Monday that the problem with the Kurds could be resolved.
    The KRG said on Wednesday it is ready to resume talks with the Iraqi government to reach a consensus on the issue of oil. KRG Spokesman Safeen Dizayee said he welcomed remarks from the new Iraqi minister of oil.
    Kurdish forces took [You must be registered and logged in to see this link.] of the long-disputed Kirkuk and its oilfields in June 2014 after the Iraqi army’s northern divisions disintegrated in the face of Islamic State’s advance.
    The Peshmerga and the Iraqi army have taken back territory from the militants in northern Iraq and are preparing the final onslaught on their capital Mosul, with the backing of a U.S.-led international coalition. Iranian-backed Iraqi Shi’ite militias are also fighting Islamic State near the Kirkuk fields.
    Former oil minister Adel Abdul Mahdi in March demanded that the Kurds return to a previous oil agreement or sign a new agreement in order to resume pumping through their pipeline.

    The previous agreement provided for the KRG to transfer to Iraq’s central state oil marketing company 550,000 bpd produced in their region, in return for a 17 percent share in the federal budget. The Kurds stopped oil transfers to the government last year, at which point they also stopped receiving federal funds.
    OPEC’s second-largest crude producer after Saudi Arabia, Iraq produces 4.6 million bpd, of which about 500,000 bpd from the Kurdish region and the rest from the oil-rich south.
    In comments on Thursday, Luaibi said he would focus on increasing the nation’s oil and natural gas output and also develop its refining capacity in order to cut its fuel imports bill, the ministry said in a statement.

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    Rocky
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    Iraq resumes pumping oil through Kurdistan pipeline Empty Resume pumping oil from Kirkuk to Ceyhan port after a break of five months

    Post by Rocky Fri 19 Aug 2016, 6:05 am

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    Friday, 19 August 2016 00:12

     
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    Alsumaria News / Baghdad
    A source at the North Oil Company in the province of Kirkuk , on Thursday, to resume pumping oil from the company 's fields to the port of Ceyhan via the province lineKurdistan after a hiatus of five months.
     
    The source said in an interview with Alsumaria's News, said that "Kirkuk oilfields exports resumed, this evening, through the passing of the Kurdistan region of the pipeline to the Turkish port of Ceyhan after the arrival of instructions from the Ministry of Oil recommends re-pumping from Kirkuk fields via the carrier crude oil pipeline," noting that "initial export rates of 100 barrels per day."
     

     
     
     
    The source , who asked not to be named, said : " the flow of crude oil again after a five - month process and export will rise successively , " pointing out that " the Iraqi -Turkish line at the point of Dohuk confirmed the safety of crude oil flow through thepipeline."
     
    The North Oil Company suspended earlier this year due to lack of approval by the Ministry of Oil Export because of disagreements between Baghdad and Erbil.


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