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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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    After the international resolution... What is the secret of Erbil's silence and its "oil" submission

    rocky
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    After the international resolution... What is the secret of Erbil's silence and its "oil" submission Empty After the international resolution... What is the secret of Erbil's silence and its "oil" submission

    Post by rocky Sun 26 Mar 2023, 5:31 am

    After the international resolution... What is the secret of Erbil's silence and its "oil" submission to Baghdad?

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    Economy News _ Baghdad
    In response to international changes, and attempts to impose calm on the region, especially in economic aspects, the decision of the arbitral tribunal in the International Chamber of Commerce comes against Turkey and prevents it from selling the oil of the Kurdistan region through the Turkish port of Ceyhan, as an informed source revealed that an American message had reached the leader of the Kurdistan Democratic Party, Massoud Barzani, stating Remaining “silent” regarding this decision and cooperating with Baghdad, which the federal government applied on its part as well by imposing its conditions on the region, and as a continuation of this transformation, the party did not attack the decision, but rather a member of it confirmed the existence of a rapprochement between Baghdad and Erbil and that the relationship between the two sides will not be affected, and in parallel with this The matter is that experts in oil and law confirmed that Baghdad would benefit by about a billion dollars a month that used to go to the region as a result of exporting oil in isolation from “SOMO”, in addition to indicating that Turkey’s violation of the decision will expose it to international sanctions, as it is binding on all parties.
    An informed government source said during an interview with Al-Alam Al-Jadeed newspaper, followed by Al-Iqtisad News, that "an American message has reached the leader of the Kurdistan Democratic Party, stipulating the need to respond to Baghdad and stop all work that is taking place in isolation from it, especially the export of oil, and it also indicated the need to remain silent towards The decision of the International Chamber of Commerce, in order to stabilize the region and not create conflicts, especially in Iraq between Baghdad and Erbil.
    And the source adds, "Baghdad, for its part, deliberately, based on the American message, to impose its conditions on Erbil, which happened during the preparation of the draft budget law, in which Erbil submitted to Baghdad and agreed to place its oil exports under the tutelage of SOMO."
    The International Chamber of Commerce's arbitral tribunal issued its decision yesterday in the case brought by Iraq against Turkey since 2014 regarding the Kurdistan region's oil exports, which Turkey passes through the Ceyhan port line, where the decision came in favor of Iraq.
    According to American websites, Turkey has informed Iraq that it will not allow shipments carrying crude from the Kurdistan region of Iraq to leave the coastal port of Ceyhan without the approval of the federal government in Baghdad.
    The Federal Ministry of Oil, for its part, welcomed yesterday the decision of the final ruling in favor of Iraq, and made it clear that in the arbitration case filed by the Republic of Iraq against the Republic of Turkey for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side in Regarding the movement of crude oil exported from Iraq to all storage and disposal centers and the final station.
    According to the Ministry of Oil, it will discuss the mechanisms of exporting Iraqi oil through the Turkish port of Ceyhan with the concerned authorities in the region and with the Turkish authorities, according to new data after the issuance of the final ruling by the Arbitration Tribunal in Paris, in a manner that guarantees the continuity of oil exports, and the fulfillment of SOMO's obligations with the companies. International oil through the port of Ceyhan, in the interest of the ministry to export the full quantities allocated from all oil fields, including the region, with the aim of maximizing financial revenues, to supplement the federal budget.
    In addition, the expert on oil affairs, Hamza Al-Jawahiri, believes that “Iraq winning this lawsuit is of great importance, as Turkey now cannot allow the Kurdistan region or others to sell oil through the port of Ceyhan, as this right has been restricted to the federal Iraqi government through (Sumo), and this will strengthen Baghdad's position with Erbil, which has rebelled against Baghdad for many years.
    Al-Jawahiri states that "the lawsuit took many years to be resolved, as it was filed since 2014 at the time of the government of Haider al-Abadi, and the delay in this resolution was due to its obstruction by the Iraqi federal governments, the first of which was the government of Adel Abdul-Mahdi, and the lawsuit was postponed for several times, and therefore its resolution was delayed 9 years." It was supposed to be settled years ago, not now."
    The expert adds: "After Iraq wins this lawsuit, Iraq's oil exports will increase. The amount of oil exported by the Kurdistan region was calculated on Iraq's production, and therefore Iraq loses this amount, and this is a large amount, as Iraq loses about a billion dollars a month, but after Winning this lawsuit will return that amount to the federal government."
    And he concludes, "The ruling includes compensating Iraq with 26 billion dollars from Turkey, but paying this amount requires procedures, dialogues and negotiations. Paying this amount may be included in return for the release of large quantities of water to Iraq."
    And the Ministry of Oil announced in July of last year that the International Chamber of Commerce Court is considering the arbitration case filed by the Republic of Iraq against the Republic of Turkey for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side in Regarding the movement of crude oil coming from Iraq in all storage and disposal centers and the final station.
    It is noteworthy that this lawsuit was filed by former Prime Minister Haider al-Abadi at the International Tribunal against Turkey, demanding that it pay financial compensation of $26 billion, because of its purchase of oil from the Kurdistan region without permission from the federal government, and the lawsuit reached its final stages, but after Adel took over. Abdul-Mahdi headed the government, and with the intervention of the leader of the Kurdistan Democratic Party, Masoud Barzani, the lawsuit was postponed for 5 years at the request of the Iraqi government.
    It is noteworthy that Turkish President Recep Tayyip Erdogan announced in early February of last year his country's intention to import gas from Iraq, and only days later, Turkish media published, quoting the head of the Energy and Natural Resources Committee in the Kurdistan Regional Parliament, Ali Hama Salih, that the regional government The process of selling natural gas to Turkey will begin in 2025, and he indicated that it is planned to extend a natural gas pipeline to Turkey, and the first and second phases of the construction of the aforementioned gas pipelines began, days before the Federal Court’s decision at the time that the law was unconstitutional. Oil and gas in the Kurdistan region.
    On the other hand, the leader of the Kurdistan Democratic Party, Wafaa Muhammad Karim, believes that "Iraq's winning of this lawsuit will not have any impact on the region's financial and oil situation. There is an agreement between Baghdad and Erbil to export oil with the flag of (SOMO), and as a result of this agreement, the region's share was determined within the law." budget for the year 2023.
    Karim states that "if this decision was issued in light of the differences between Baghdad and Erbil, it would have had a significant impact on the region's financial situation, but it was issued in light of the rapprochement and understanding between the two parties, and this decision will not affect the relations presented between the central government and the region, and this decision is considered moral." In favor of Baghdad and has no impact on the region, we agree on this matter and we have prior knowledge of such a decision.
    He adds that "dialogues and negotiations between Baghdad and Erbil regarding the legislation of the oil and gas law have reached very advanced stages, and there is agreement on all paragraphs of the law, and there is almost agreement to pass this law during the next two months, and this law will put solutions to all financial and oil disputes between the region and the center."
    The leader of the Kurdistan Democratic Party warns that "the Iraqi government's attempt to exploit this decision against the region and circumvent the agreements that took place recently will certainly have an economic impact on the Kurdistan region, but at the same time we will have many political positions, but we do not believe that the Iraqi government It has the intention to take advantage of this decision, rather it seeks to resolve the differences in a real way.
    And the President of the Kurdistan Regional Government, Masrour Barzani, announced yesterday that "our recent understanding with Baghdad is a good basis for resolving issues related to the court's decision today.. A team from the Kurdistan Regional Government will visit Baghdad tomorrow (today) to continue our talks on the basis of good faith."
    Legally, Ali Al-Tamimi, an expert in legal affairs, explains, "The ruling issued by the arbitral tribunal of the International Chamber of Commerce in Paris will be binding on Turkey, and any country that opposes any ruling issued by this body will expose itself to international sanctions. The decisions issued by Before this body, it is binding to apply to all countries.
    Al-Tamimi confirms, "The decision issued by the arbitral tribunal of the International Chamber of Commerce in Paris was based on a set of evidence and presumptions, and Turkey cannot oppose that or the Kurdistan region, as even the region will be forced to implement this decision."
    And he adds, "The decision of the arbitral tribunal of the International Chamber of Commerce in Paris confirmed that Turkey should deal directly with the Iraqi government in Baghdad and not with the region in oil issues, and any violation of the region of this decision may be imposed by the federal government. This is within the powers of the government."
    It is worth noting that Prime Minister Muhammad Shia’ al-Sudani recently announced, during a press conference in which he revealed the details of the Council of Ministers’ approval of the budget, that one of the reasons for delaying the approval of the budget was the understanding with the Kurdistan region, and we have reached a comprehensive agreement on the outstanding issues between Baghdad and Erbil, for the first time. Total revenues from oil produced in the region are deposited in a consolidated bank account under federal administration.
    Al-Sudani also confirmed that the understandings between Baghdad and Erbil were on clear points, and in the event of any differences between Baghdad and Erbil, there is a committee that submits its recommendations to the federal prime minister, and that these understandings between Baghdad and Erbil confirm the two parties' progress towards approving the oil and gas law.
    Al-Sudani also visited the Kurdistan region, and met in Erbil, the head of the Kurdistan Democratic Party, Massoud Barzani, and put the final touches to the agreement between Baghdad and Erbil and resolved issues, especially financial and oil.

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    Added 03/26/2023 - 11:08 AM


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