Companies call on the United States and other countries to enter the “oil” crisis line between Baghd

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

[size=52]Companies call on the United States and other countries to enter the “oil” crisis line between Baghdad and Erbil[/size]

[size=45]Today, Friday, an economic report revealed that oil companies operating in the Kurdistan Region requested assistance from Washington to defuse the crisis between Baghdad and Erbil regarding their work and the flow of oil to Turkey. In the region, I contacted four governments in this regard.[/size]
[size=45]"The oil companies operating in the Kurdistan Region have asked the United States to help defuse the growing tension between the federal government and the regional government," Reuters news agency said.[/size]
[size=45]Reuters based its report on "a message I have seen, and three sources, who say that this US intervention is necessary in order to ensure the continued flow of oil through northern Iraq to Turkey to prevent the latter from increasing oil shipments from Iran and Russia."[/size]
[size=45]According to this message and sources, "the economy of the Kurdistan Region may be at risk of collapse if it loses its revenues from oil sales."[/size]
[size=45]The Reuters report stated that "relations were strained last February when the Federal Court considered that the oil and gas law related to regulating the oil industry in Kurdistan is unconstitutional," noting that "after the ruling was issued, the federal government strengthened its efforts with the aim of controlling export revenues from Erbil.”[/size]
[size=45]According to a copy of the letter seen by Reuters, "Before the ruling was issued, the Dallas-based company (HKN Energy) wrote to the US ambassadors in Baghdad and Ankara, specifically last January, asking for mediation. The United States is in a separate case dating back to 2014 related to the Iraqi-Turkish pipeline (ITP).[/size]
[size=45]The report stated that "Baghdad "claims that Turkey violated the ITP agreement by allowing the transit of Kurdistan Regional Government exports, which Baghdad considers illegal, through the pipeline to the Turkish port of Ceyhan."[/size]
[size=45]The report indicated that "the Iraqi Oil Ministry said that the last session to consider the case was held in Paris last July, and that the International Chamber of Commerce will announce its final decision in the coming months."[/size]
[size=45]"Reuters" quoted three sources as saying that "the possible next steps on the part of Turkey are still not clear if the verdict is issued in favor of Baghdad, which is a likely possibility."[/size]
[size=45]The agency quoted a representative of the company, who asked not to be identified, as saying that “at least one other oil company has moved continuously with higher authorities in four governments concerned, directly and indirectly, in order to encourage participation.”[/size]
[size=45]Reuters pointed out that "other operators in the Kurdistan Region, "General Energy" and "Chevron" refused to comment on the arbitration case, while "DNO" and "Gulf Keystone" did not respond to requests from Reuters for comment.[/size]
[size=45]Oil drums are in danger[/size]
[size=45]According to the message obtained by "Reuters" and addressed by "HKN" to the ambassadors of the United States, "stopping the flow of oil through (ITP) will lead to the collapse of the economy of the Kurdistan Region of Iraq."[/size]
[size=45]Neither the Ministry of Natural Resources in the Kurdistan Regional Government nor the Ministry of Oil in Baghdad have commented on requests from "Reuters" to comment on the news.[/size]
[size=45]The report pointed out that “(ITP) has a pumping capacity of 900,000 barrels per day of crude, which represents about 1% of the daily global demand for oil, through the state marketing company (SOMO) as well as the regional government. Currently, 500,000 barrels per day are being pumped from the northern Iraqi fields.[/size]
[size=45]According to analysts, "the companies will withdraw from the region unless the work environment improves."[/size]
[size=45]"With the deteriorating security situation, a group of small and medium-sized companies have moved in order to achieve US involvement to help deter attacks targeting energy infrastructure and enhance security in general," the report stated.[/size]
[size=45]The report, quoting sources concerned with the case, stated, “These companies also endorsed letters written by members of the US Congress to Secretary of State Anthony Blinken in August, urging them to engage in high-level engagement with Erbil and Baghdad with the aim of protecting the stability of the Kurdistan Region’s economy and ensuring Iraq is free from interference. Iranian".[/size]
[size=45]faded American interest[/size]
[size=45]The report quoted US State Department spokesman Ned Price as saying on August 16 that "the differences between Baghdad and Erbil concern them, but the United States encourages dialogue."[/size]
[size=45]The report pointed out that "the US State Department summoned the American law firm (Elkins & Vision), which represents the Iraqi Ministry of Oil, in order to review the data on the dispute over (ITP) in July."[/size]
[size=45]The report continued, quoting an informed source as saying that "it is likely that two more sessions will be held in Baghdad and Washington."[/size]
[size=45]While the US State Department declined to comment, industry experts said they "believe that US intervention is not likely and may not help anyway."[/size]
[size=45]The report quoted Raad Al-Qadri, Managing Director of Energy, Climate and Sustainability in the "Eurasia Group", as saying that "the United States separated from Iraq during the past decade, and that pressure from Washington or other governments, will not resolve the issues between Baghdad and the Kurds."[/size]
[size=45]A Kurdish official told Reuters last August that "the regional government has asked the United States to strengthen its defense capabilities," but he indicated that he was "not optimistic because the most important priority for the United States is to revive the nuclear agreement with Iran."[/size]
[size=45][You must be registered and logged in to see this link.]