Swiss foundation: the agreement of Arbil and Baghdad and Ankara on the export of oil will bring big

Swiss foundation: the agreement of Arbil and Baghdad and Ankara on the export of oil will bring big profits for all



Tuesday, 11 March, 2014



Foundation announced (UBS) Swiss global financial services and project management, on Tuesday, that the agreement Iraq and the Kurdistan region and Turkey on the export of crude oil “will bring them big profits,” and noted that it “is imminent”, and while it likely that Iraq is investigating “financial returns estimated nine billions of dollars a year “, confirmed that Turkey will provide three billion dollars annually.
The financial institution Swiss (UBS) in an analytical study titled (the future in hand), published by the site (Pro – Active Investors Proactive Investors) economic news, and shared it with (long-Presse), said that “all of the Kurdistan region and Baghdad and Turkey will achieve big profits through them reaching the settlement in which the agreement on oil exports via Turkey, “asserting that” is imminent. ”
Institution added that “there are reports Ptousel parties to the agreement rough on some of the key points in the problem, such as the process of joint marketing and revenue-sharing with the identification of the national budget,” noting that “this progress is achieved with the help of the completion of the establishment of the infrastructure for the export pipeline through Turkey, as well as U.S. support directed of the country ahead of the upcoming parliamentary elections, which helped bring in Arbil to meet again in Baghdad and sit at the table of dialogue with the central government. ”
For his part, said economic expert Daniel Aekesten Foundation (UBS) Finance, said that “our expectations speculative to suggest that export through the pipeline will lead to the achievement of financial returns to the state treasury an estimated 8 to 9 billion dollars annually,” expected to “lead the pragmatic economic and political to collect Together the parties to the agreement. ”
The Aekesten that “import of crude oil and gas from the Kurdistan would benefit to Turkey, where it will provide three billion dollars a year in the list of imports from elsewhere.”
The Turkish Energy Minister Taner Yildiz refused, in the (February 17, 2014), claims that refer to the export of oil through the Turkish port of Ceyhan without the consent of the Iraqi government, and stressed that any barrel of oil will not pass without the approval of Baghdad, as pointed out that Iraq’s oil inventory in port reached about 425 thousand barrels.


Revealed the Kurdistan Alliance bloc parliamentary, in the (February 15, 2014), The Erbil proposed to form a joint committee to oversee the Oil Marketing Company (SOMO), likely near agreement on file oil what will accelerate the possibility of the adoption of the general budget of the year 2014 the current, while counting Member Parliamentary Finance Committee, said the federal government “does not stand” against the demands of the region, oil-related companies and entitlements and the Peshmerga, but you want to “be conducted according to legal procedures,” and other political blocs charges as “not serious” in passing the budget.
And carried the Kurdistan Alliance bloc, parliamentary, in the (February 12, 2014), the government responsible for delay in the current year budget four months, and prepared about “controversial” involves a “punishment” for the region through compel the export of 400 thousand barrels of oil per day, while astonished of basing government Federal to a press statement, “unreliable”, without careful scrutiny, counting the adoption of the budget by majority “held crisis” between Baghdad and Erbil, and called for a return to the government to modify nearly guarantees the rights of the people all to facilitate the approval as soon as possible.
The Deputy Prime Minister for Energy Hussain al-Shahristani threatened, in (January 28, 2014), to take legal action and financial against the Kurdistan region of Iraq in the event of oil exports before the agreement with Baghdad, “and stressed that the Iraqi government informed of Turkey and the Government of the region by refusing to continuing that,” while He pointed out that the government is still waiting for its proposal to respond to the latter.
And visited the head of the Kurdistan Regional Government Nechirvan Barzani, in the January 19, 2014, to Baghdad at the head of an official delegation to resolve the crisis between the province and the center on the oil and the financial budget for the current year of 2014, with the exception of the Kurdistan Alliance Barzani’s visit “complementary” to the visits of the previous discussed all agreements that serve the Iraqi people.
The Iraqi Oil Ministry has threatened, Friday (January 17, 2014), to “take legal action” against Turkey and the Kurdistan region to export “oil getaway” through a tube Turkey without the approval of Baghdad, and showed that it was “included” in the black list of any company dealing with pipeline project tube passing through the territory of Kurdistan through Turkey.
With the exception of the Kurdistan Alliance, on Saturday (January 18, 2014), the threat of the Iraqi Oil Ministry to the Kurdistan region as a “beginning to wage economic war”, and emphasized that the region “past in the export of oil through Turkey because this is the right constitutionally,” while showed the Iraqi List the federal government “is not strong to impose its will on the region,” and suggested “end of the crisis after the visit of Prime Minister of the Territory Nechirvan Barzani to Baghdad.”
The Oil Ministry has promised, in (January 18, 2014), the decision of the Kurdistan region to export oil to Turkey later this month “unacceptable violation” of the agreements, and threatened to prosecute the perpetrators prosecuted, the fact that shipments are considered “contraband”, while expressed its strong protest to the government Turkish pipeline system used to line the Iraqi – Turkish.
The file is one of the oil threads “sticking” in the relationship with Baghdad, Ankara, against the backdrop of the recent relationship Arbil and facilitate the export of the region’s oil through its territory, which opposes Baghdad along the line.

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