Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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


3 posters

    KRG oil shipment stranded in Morocco

    wciappetta
    wciappetta
    wciappetta
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    • Post n°1

    KRG oil shipment stranded in Morocco Empty KRG oil shipment stranded in Morocco

    Post by wciappetta Fri 06 Jun 2014, 3:20 am

    KRG oil shipment stranded in Morocco

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    A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAŞ), some 70 km (43.5 miles) from Adana. (Photo: Reuters)
    June 05, 2014, Thursday/ 17:39:00/ TODAYSZAMAN.COM / ISTANBUL
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    A shipment of oil from the Kurdistan Regional Government (KRG) that passed through Turkey's Ceyhan pipeline nearly two weeks ago is sitting without a buyer in a Moroccan port, according to ship tracking data from Thursday.

    The shipment, which was sent to Ceyhan via a pipeline constructed by the KRG, has enflamed already high tensions between the KRG and Baghdad -- in addition to straining Ankara's relations with the latter. The Iraqi federal government took legal action against Turkey last month for facilitating the shipment. The issue is a source of concern for Washington, which said it does not support oil exports conducted without Baghdad's consent.

    The KRG opened its new pipeline last December and began shipping oil to Turkey, angering the central government in Baghdad and prompting it to cut the KRG's 17 percent share of the national budget in January. The KRG has since stated that the cuts left it with no choice but to sell its oil independently. According to KRG Spokesman Safeen Dizayee, US Vice President Joe Biden called Iraqi Prime Minister Nouri al-Maliki repeatedly and requested that the KRG's budget be reinstated. Al-Maliki told Biden that Baghdad would do so, but has failed to deliver on its promise, according to Dizayee.

    There has been much speculation about the shipment's final destination. Some analysts believed it was headed across the Atlantic while Energy Minister Taner Yıldız had said it was destined for Italy and Germany; now it's halted in Morocco, which Dizayee said on Tuesday was its final destination.

    Industry experts speaking to Today's Zaman said that it will be difficult for the KRG to find a buyer for the shipment, since Baghdad has warned international buyers not to purchase what it considers “smuggled oil.” The experts said that the KRG may have to sell the oil for less than desirable prices to smaller companies not involved in business deals with the central government.

    The KRG has claimed that it holds reserves of 45 billion barrels of crude oil, and will be able to produce a million barrels a day by 2015 and double that number by 2019. It previously shipped oil to Ceylan through a federal government pipeline. The revenues of these sales went directly to the federal budget. Dizayee said earlier this week that Turkey and Iran had discussed building two pipelines, one that would send Kurdish oil to Iran and another that would export Iranian natural gas to the KRG.

    In Iraq, oil revenues account for 95 percent of Iraq's federal budget, and the country has the fourth-largest proven oil reserves in the world.  The KRG has fought with Baghdad for years over control of its oil reserves. In spite of Baghdad's fierce condemnation of the KRG's recent shipment, leaders of the autonomous Kurdistan region assert that it has a legal right to export its crude oil.

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    duck2000
    duck2000
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    • Post n°2

    KRG oil shipment stranded in Morocco Empty Re: KRG oil shipment stranded in Morocco

    Post by duck2000 Fri 06 Jun 2014, 5:56 am

    obama does love to play games! couldnt get into da sofa agreement so you twist the agreement in an after thought!
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    lonelyintexas
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    • Post n°3

    KRG oil shipment stranded in Morocco Empty Re: KRG oil shipment stranded in Morocco

    Post by lonelyintexas Fri 06 Jun 2014, 10:56 am

    The United Leadership Cargo on Hold Due to US Pressure
    By RUDAW

    The Moroccoan port of Mohammedia.

    ERBIL, Kurdistan Region—The United Leadership oil tanker, a symbol of a long-running disagreement between Baghdad and the KRG over oil sales rights, loaded one million barrels of Kurdish crude on May 22 and has according to many international reports changed course twice abruptly without discharging the oil onboard.
    It has been reported that the oil tanker finally sailed to a refinery at the Moroccan port of Mohammedia, but it has been kept in international waters, waiting over the last two days without being allowed in to discharge.

    Sources close to the diplomatic and government circles in Erbil and Baghdad expect that the latest holdup has resulted from the behind the scene pressure, exerted by some anti-KRG officials within the US State Department, on the international oil buyers and traders, and also some believe on the Moroccan port authorities.

    If this behind the scene US move proves to be the case, it means that the State Department has now openly moved away from its self-claimed friendly- to -all – neutral - position, and have taken Baghdad’s side against KRG’s interests. This is a big change and no doubt would disappoint and anger Erbil, and could lead to further escalation of the conflict. Furthermore, this policy shift could create even more difficulties with the formation of a new government in Baghdad.

    Some of the diplomatic sources who have been contacted by Rudaw say that it is ironic that the State Department has not uttered a word against Baghdad for illegally cutting KRG’s entire budget, nor have they made any clear demands on Baghdad to pass the revenue sharing law as required by the constitution, yet the same officials have been too quick to criticize KRG’s oil export policy, and now they are also regrettably using their weight to assist Baghdad in this constitutional oil battle.

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    • Post n°4

    KRG oil shipment stranded in Morocco Empty Re: KRG oil shipment stranded in Morocco

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