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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

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


    Within two days... Kurdistan's oil will resume its march outside Iraq under the supervision of Baghd

    Rocky
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    Within two days... Kurdistan's oil will resume its march outside Iraq under the supervision of Baghd Empty Within two days... Kurdistan's oil will resume its march outside Iraq under the supervision of Baghd

    Post by Rocky Sun 02 Apr 2023, 4:34 am

    Within two days... Kurdistan's oil will resume its march outside Iraq under the supervision of Baghdad

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    Baghdad today - Baghdad
    Today, Saturday, federal and other government sources in the Kurdistan Regional Government revealed the date for resuming the oil export process to Turkey.
    "The region will resume oil exports" within two days "to Turkey, about a week after stopping the process, after Baghdad and Erbil reached an agreement on managing the region's oil," the sources told AFP, followed by (Baghdad Today), the sources told AFP.
    The sources added that the two parties agreed that "Kurdistan's oil sales will be through (the Iraqi Oil Marketing Company) SOMO," which means that Erbil will no longer unilaterally manage the oil file, according to an official in the federal government.
    Also, a "joint committee" will oversee the "oil export process from Kurdistan." As for imports, they will be placed in a "special account... under the supervision and control of the Iraqi government," as the Kurdish official explained.
    This agreement theoretically and temporarily ends the dispute between Baghdad, Erbil and Ankara over the oil file.
    On Saturday, Turkey stopped importing oil from the Kurdistan region, following the decision of the arbitral tribunal at the International Chamber of Commerce in Paris, which ruled in favor of Iraq in its dispute with Turkey over oil exports from the Kurdistan region.
    This dispute dates back to 2014, when Baghdad filed a lawsuit against its neighbor Turkey before the arbitral tribunal, objecting to Ankara's declaration of exporting Kurdistan region's oil to global markets without the permission of the Iraqi government.
    The Iraqi government, which has tense relations at times with the authorities of the Kurdistan region, strongly opposed the Turkish decision, considering that it is the only party entitled to manage oil exports from the region and its revenues.
    Despite Baghdad's opposition, Erbil was exporting oil through Türkiye. The region's export rate is about 450,000 barrels per day.
    And prompted the suspension of exports from Kurdistan, the Norwegian "DNO" company, the most prominent oil producer in the region, to stop its operations in the region.
    Erbil believes that the federal government seeks to put its hand on the region's oil wealth, while Baghdad demands that it have a say in managing the oil resources that are extracted from Kurdistan.
    Iraq is the second largest oil country in the Organization of the Petroleum Exporting Countries (OPEC), and exports an average of 3.3 million barrels of crude oil per day.
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