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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    American Newspaper: Erdogan Is Egypt To Continue Energy Deals With Kurdistan Despite Legal Problems

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278405
    Join date : 2012-12-21
    • Post n°1

    American Newspaper: Erdogan Is Egypt To Continue Energy Deals With Kurdistan Despite Legal Problems Empty American Newspaper: Erdogan Is Egypt To Continue Energy Deals With Kurdistan Despite Legal Problems

    Post by Rocky Wed 23 Feb 2022, 8:20 am

    [size=38]American Newspaper: Erdogan Is Egypt To Continue Energy Deals With Kurdistan Despite Legal Problems
    [You must be registered and logged in to see this link.]
    LAST UPDATE 02/23/2022 | 4:38 PM
    [/size]
    [You must be registered and logged in to see this link.]

    [You must be registered and logged in to see this link.]

    Information / translation.
    A report by the American newspaper Al-Monitor confirmed, on Wednesday, that Turkish President Recep Tayyip Erdogan is determined to move forward with energy deals with the Kurdistan region of Iraq, even as the future gas project continues to be affected and fall into a legal, technical and financial quagmire.
    The report, which was translated by the "Information" agency, stated that "the ruling of the Iraqi Supreme Court declaring the oil and gas law in Kurdistan unconstitutional cast a shadow over Erdogan's hopes to buy gas from the Kurdish region, as it came to the top of an arbitration case over the oil trade between Ankara and the Kurds of Iraq, which bypasses Baghdad."
    He added, "Erdogan may ignore the ruling of the Iraqi Federal Court, relying on his political and economic influence, as he ignored the possibility of Baghdad winning the arbitration case over the oil trade. However, the gas project faces financial and technical obstacles that are difficult for Erdogan to ignore."
    He continued, "Baghdad had legislated, after the constitution in 2005, the Oil and Gas Law, and the federal legislation stipulated that Baghdad must manage oil resources with regional and provincial governments. Oil and gas extracted in Kurdistan were to be sold via the Iraqi state-owned company SOMO, and Kurdistan was to receive 17% of the federal budget. But things turned out differently on the ground.”
    He explained that “in defiance of objections, the Kurdistan region awarded contracts to foreign companies, and in 2009, it launched the export of oil from the Taq Taq and Tauki fields. In 2012, an oil agreement concluded in 1974 between Ankara and Baghdad expired, and Erdogan concluded a 50-year energy deal with Erbil the following year. Under the agreement, the Turkish Energy Company obtained licenses for 12 exploration blocks in Iraqi Kurdistan. It was a notable shift on the part of Ankara, which only several years ago rejected Kurdish gas involvement in a planned pipeline to Europe on the grounds that it would help Kurdistan seek independence.
    And he indicated that “Ankara’s deal with Erbil included the construction of a new pipeline in Iraqi Kurdistan to bypass the Iraqi section of the current pipeline from Kirkuk to the Turkish port of Ceyhan on the Mediterranean, as well as the construction of a gas channel from the two gas fields of Miran and Bina Bawi on the Turkish border, where the pipeline was completed. The oil pipelines quickly came into operation in 2014.”
    He explained that, “At the same time, the Power Trans Company, which is linked to Erdogan’s smelter, Berat Albayrak, transported crude oil from Iraqi Kurdistan by land, where the crowded truck traffic from 2009 to 2013 saw up to 500 vehicles loading oil per day, and Kurdish crude was transported to Ceyhan and then Selling it to the Zionist entity and some other mysterious companies.”
    For his part, Arif Akturk, the former director of the Genel Energy gas project in Kurdistan, said that “a combination of political, financial and technical factors pushed Turkey, a potential buyer of gas from the Miran and Bina Bawi fields, to back down, as Iraq filed an arbitration case against Botas in 2014 over shipments of Kurdistan’s oil unilaterally to Turkey – a move that deterred investors and financiers.”
    He noted that “the arbitral tribunal is expected to order Turkey to pay $25 billion in compensation to Iraq. However, Bottas' deal with the Iraqi Kurds contains a clause saying that the responsibility for any legal sanctions arising from the oil trade will be transferred to the Kurdish administration," according to Akturk, "Ankara will refuse to pay any fine and pass the bill to Erbil instead." Erbil, for its part, seems unable to pay this amount, and the confrontation of compensation between the three parties may lead to tension in Turkish relations with Iraq and revive the aspirations of secession in Kurdistan.
    The report indicated that “the most important question now is whether Erdogan will insist on Kurdish gas despite the court ruling. The arbitration case did not dissuade Ankara from the oil trade. Relying on Turkey's influence, Erdogan may be hoping to untie the gas knot after the formation of the Iraqi government and after all, "it will be alright secretly is the approach he has often used." finished/ 25 z
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 01 Oct 2024, 7:24 pm