Rocky- Admin Assist
- Posts : 281015
Join date : 2012-12-21
by Rocky Mon 27 Mar 2023, 7:38 am
The Kurdistan Regional Government Informs The Oil Companies To Stop Exporting
03/27/2023
2676[You must be registered and logged in to see this link.]Earth News / Two international companies investing in the oil of the Kurdistan region announced today, Monday, the cessation of exporting crude abroad through Turkey and storing their production, in compliance with the decision of the International Commercial Court in this regard.
The Norwegian oil company, DNO, said in a statement, seen by Earth News, that it and the British Gulf Keystone Petroleum Company had transferred their oil production from the Kurdistan Region to storage tanks after Turkey stopped Iraqi oil exports through the Ceyhan station on March 24.
On March 25, DNO began storing crude oil in tanks that “can accommodate several days’ production from the Tawke and Bishkabir fields,” according to the statement.
While Standard & Poor's said, in a statement seen by Earth News, that "the Kurdistan Regional Government has instructed the Norwegian company DNO to temporarily stop exports through the Iraqi-Turkish pipeline after Baghdad won an arbitration case against the continuation of Kurdish oil exports through Turkey".
And she indicated that “Gulf Keystone”, which produces oil from the Sheikhan field and other Kurdish fields, has facilities with storage capacity that allow “to continue production at a reduced rate during the coming days, after which the company will suspend production.”
"It is not yet clear when export operations will resume. Gulf Keystone expects the suspension of exports to be temporary, based on public statements by officials in Baghdad and Erbil," she added.
The Norwegian company “DNO” had expected, before the court’s decision, that its production would reach 100,000 barrels per day from the Tawke and Bishkabir fields in 2023.
And Gulf Keystone said in a statement issued on March 23 that it expected the average total production in Kurdistan to reach about 48 thousand barrels per day in 2023, up from 44 thousand and 202 barrels per day in 2022, and the International Commercial Court in Paris
ruled On March 23, in favor of Baghdad's claim that the KRG's independent exports of crude oil produced on its territory violate the 1973 agreement between Iraq and Turkey regarding flows from the ITP pipeline and that SOMO should have the right to market all Iraqi oil.[You must be registered and logged in to see this link.] 
Home
» utube 11/19/24 MM&C MM&C-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» utube 11/18/24 MM&C IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating
» North Gas announces resumption of production line (1000) after maintenance is completed
» Economist: The government is relying on weak reasons to diversify non-oil sources
» Parliamentarian reveals secrets of railway investment
» Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years
» Federal decisions threaten to shut down two thousand factories and disrupt a quarter of a million jo
» First government comment on Israel's complaint against Iraq before the UN Security Council
» Turkish Trade Minister: Development Path is the Best Corridor in the World
» The future of international trade transactions in US dollars in Iraq
» The first project to index Iraqi manuscripts digitally
» Parliamentary Security: Army Aviation College Law Ready for Voting
» Population Census.. The Path to Development
» Population census: an important tool for achieving sustainable economic development
» Knowledge Summit 2024 kicks off, sharing visions and expertise on the future of knowledge and innova
» The Minister of Interior discusses with the representative of the Secretary-General of the United Na
» Minister of Transport confirms that the development road project will pave the way for important str
» Türkiye's exports to Arab countries amounted to $40 billion in the first ten months of this year, an
» Resumption of production line (1000) in the North Gas Company
» Al-Hakim calls for enacting a law that legally protects paramedics from tribal prosecutions
» The President of the Supreme Judicial Council discusses with the Spanish Ambassador cooperation betw
» Al-Sudani: The census is the dividing line between guesses and facts to distribute wealth according
» The Speaker of the House of Representatives discusses with the Chinese Ambassador bilateral relation
» Kurdish parties set impossible conditions for participation in the new government and formation in A
» Can America limit China's influence in Iraq?
» It will be passed soon.. Revealing the most important amendments to the Anti-Narcotics Law in Iraq
» Al-Mashhadani: The general amnesty law is at the top of our priorities for the next stage
» Al-Sudani confirms the government's desire to develop the trade balance with Türkiye
» MP: No understanding on "controversial" laws, disputes continue - Urgent
» "An important achievement" .. The government reviews the most prominent advantages provided by the p
» Al-Mashhadani confirms Parliament's support for legal agreements between Baghdad and Erbil
» There is no point in changing them.. Politician: The new ministers will be nominated by the same par
» Al-Hakim calls for enacting a law that legally protects paramedics from tribal prosecutions
» Al-Sudani: The census is the dividing line between guesses and facts to distribute wealth according
» The Speaker of the House of Representatives discusses with the Chinese Ambassador bilateral relation
» The third scenario for the chaos of the Middle East.. An Iraqi movement talks about the "Al-Hawl exp
» Al-Sudani: Tomorrow we will take an important step that has been delayed for years (video)
» Al-Sadr warns the government and parliament of two "important" matters
» Iraqi-Iranian talks to implement Basra-Shalamcheh railway
» Until the end of the month.. UAE announces cancellation of flights to Baghdad
» Foreign Minister: Iraq's policy is based on establishing balanced relations
» Al-Sudani: Election of Parliament Speaker helps the Council to continue performing its duties
» Revealing the details of the meeting between the President of the Republic and the Judicial Council
» Türkiye: Our relationship with Iraq included the economy in a comprehensive and broad manner
» Ministry of Commerce denies intentions to withhold food ration cards linked to population census
» Baghdad and Washington discuss the tense situation in the regional environment
» The dollar continues to rise
» Al-Sudani directs an urgent appeal to the Iraqis
» MM&C 11/17/24 For the first time in Iraq.. Efforts to establish an "Investment Association" to attr
» utube 11/16/24 MM&C-News Report-Iraq Dinar-Oil-Flow-Global Maritime Trade-Cross Border Transfer-Ex
» Global conflicts move to Iraq.. America and China fight economically in Baghdad
» Al-Sudani: Iraqi openness to comprehensive partnership with Türkiye and developing trade balance
» Accused of negligence, the Parliamentary Energy Committee calls on Al-Sudani to hold the “Baghdad El
» Al-Maliki's coalition notes Al-Sudani's performance in three files
» On charges of forgery... Al-Dulaimi complains about Al-Halbousi before the Integrity Commission
» Al-Karawi: The government mortgaged the port of Faw to companies affiliated with the Zionist entity
» Parliamentary Integrity: We will proceed with the ministerial amendment even if the government delay
» Reopening of applications to the morning private government education channel
» Bitcoin rises after weekly losses
» Al-Maliki Coalition: The government amendment does not exceed three ministerial portfolios
» Parliamentarian: Amending the Election Law is out of the question
» Israel threatens to target infrastructure in Iraq and assassinate "prominent figures"
» Parliamentary regions: Article 140 road is closed
» The Central Bank of Iraq's dollar sales increased
» Al-Alaq reviews to the President of the Republic the Central Bank’s plans to develop the banking sec
» Al-Atwani to the French Embassy delegation: Halting external borrowing indicates an improvement in I
» Parliamentary move against Kar Oil Company: Suspicions of "fake" electricity supply
» Parliamentary Health: Iraq suffers from a large surplus in the number of doctors and pharmacists by
» It causes a loss of one billion dollars per month.. A date has been set for the resumption of Kurdis
» Türkiye blames Iraq: You waste water and do not have good management in rationalizing it
» Iraq rejects “COP29” proposal: We will not get rid of fossil fuels, as they are the basis of our eco
» Bitcoin nears $90,000 after biggest drop since election
» For the first time, Iraq issues the commodity structure of exports and imports
» Procedures for (automating) the work of Baghdad International Airport
» Planning: No cuts to benefits or taxes due to census
» International organizations praise the government's national initiatives
» {Official platform} to combat rumors
» Al-Sudani: The census will be used exclusively to develop development plans
» Justice audits financial movements in its departments
» Al-Imar to {Sabah}: 3 residential cities in Baghdad to be referred soon
» Kurdistan Region of Iraq plans to receive 10 million tourists annually
» Discussion of mineral investment and export mechanisms
» Consensus on the importance of planning in achieving sustainable development
» Corporate Restructuring: Stimulating Economic Growth
» Iraq's commitment to OPEC decisions controls oil prices
» Delete zeros and evaluate the dinar
» Economists: Empowering the private sector requires a legislative system
» Preparations for holding meetings of the Iraqi-Egyptian Committee
» Parliamentary Legal Committee to Nina: Controversial and important laws will be passed in one go in
» Central Agency for Public Mobilization and Statistics to Nina: The census activities are completely
» Turkish Trade Minister to visit Iraq tomorrow, Monday, heading a delegation of businessmen
» Slight decrease in dollar exchange rates in local markets
» Basra Gas Company launches the “Safe Step” program to raise awareness of the dangers of mines and wa
» With high-level governmental and international presence... the activities of the Iraqi Digital Space
» Ministry of Oil: FCC project to produce derivatives to be completed in the middle of next year
» Does America influence the decisions to form the regional government?.. 5 critical months
» Search for remains of the eight-year war postponed until 2025.. Diggers await spring
» US forces reposition in the "Desert Triangle" in western Iraq