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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

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    He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting

    Rocky
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    He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting Empty He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting

    Post by Rocky Fri 31 Mar 2023, 4:52 am

    He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting

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    Baghdad today - Baghdad
    Deputy Chairman of the Parliamentary Oil and Gas Committee, Nehru Rwandzi, said: "Iraq's losses from stopping oil exports through the Turkish port of Ceyhan amount to 37 million dollars per day." 
    Rwandzi said, in a press statement, that "according to this constitutional article, we must have representation as the Kurdistan region in the National Oil Company (SOMO), because the Iraqi oil policy is managed through the company, which we do not yet have any representative in."
    He stressed the need for "the Kurdistan region to be represented in the company through the position of its vice president before the resumption of oil exports, in addition to being represented in the bodies and departments of the company whose work is related to the export of oil through the Turkish port of Ceyhan."
    He pointed out, "The issue was raised before the federal government," noting that "a meeting to be held next Sunday may witness a final agreement."
    For his part, the head of the Kurdistan Regional Government representative in Baghdad, Fares Issa, said in a press statement, "The problem of the federal government is greater than the losses of the Kurdistan Regional Government since the decision was issued, because the revenues from the exported oil were calculated as revenues for the Iraqi government," noting that the draft budget law 2023 provides for the export of 3 million and 500 thousand barrels per day.
    Issa added that the federal government wants to reach an agreement and resume oil exports, expressing his belief that this will happen soon.
    On March 23, the Paris Arbitral Tribunal of the International Chamber of Commerce issued the final ruling 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, in favor of Iraq.
    While the Ministry of Oil welcomed the decision of the international arbitration panel, stressing that it will discuss the mechanisms of exporting Iraqi oil through the Turkish port of Ceyhan with the concerned authorities in the Kurdistan Region and with the Turkish authorities, the Turkish Ministry of Energy announced on March 28 that the court had rejected 4 out of 5 demands submitted by it. Iraq.
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