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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 says has right to sue over unsanctioned oil exports

    chouchou
    chouchou
    chouchou
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    Posts : 5059
    Join date : 2012-12-20
    • Post n°1

    Iraq says has right to sue over unsanctioned oil exports Empty Iraq says has right to sue over unsanctioned oil exports

    Post by chouchou Thu 10 Jan 2013, 3:02 pm

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    BAGHDAD: [You must be registered and logged in to see this link.]
    has the right to take legal action against oil companies exporting
    crude without dealing with the central government, including
    confiscating cargoes and suing sellers, buyers and transporters, the
    state-run SOMO oil company said on Thursday.
    A SOMO statement made no reference to any company, but it was released after [You must be registered and logged in to see this link.] said Iraq's autonomous [You must be registered and logged in to see this link.] region had given permission for the company to deliver some crude directly by truck to Turkey.
    [You must be registered and logged in to see this link.]
    says only the central government has authority to export crude and
    sign oil deals. But Kurdistan says the constitution allows it to agree
    to contracts. It has signed with oil majors such as Exxon Mobil,
    angering Iraq officials who deem the Kurdish agreements
    unconstitutional.
    "The Iraqi Ministry of Oil and SOMO, shall
    reserve the right to take all legal actions against any company or
    entity that deal with bodies other than SOMO in addition to the
    confiscation of cargoes smuggled across borders as well as suing
    sellers, purchasers and transporters," it said.
    Crude reserves are
    at the heart of a wider dispute over territory, oilfields and political
    autonomy between Baghdad and the Kurdistan enclave in the country's
    north, where ethnic Kurds run their own regional government.
    Genel
    Energy said on Wednesday trucked exports from the Anglo-Turkish
    company's Taq Taq oilfield in Kurdistan could reach 20,000 barrels per
    day in a few weeks after starting with relatively small amounts.
    The move to truck oil directly to [You must be registered and logged in to see this link.]
    came after Kurdistan exports were halted through the
    Baghdad-controlled Iraq-Turkey pipeline because of a dispute over
    central government payments to oil companies working in Kurdistan.
    Baghdad
    has made one payment to companies, but Iraqi officials said last month
    they would not pay oil firms a second portion because Kurdistan had
    failed to reach agreed production under a deal made in September.
    The
    Kurdistan Regional Government is now negotiating for a pipeline to
    connect Kurdistan oilfields directly with Turkey, which would be a major
    step for the autonomous region to break its reliance on Baghdad's
    pipeline for export of its crude.


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