21 hours ago
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Today, Saturday, the economic expert, Bahgat Ahmed, revealed the size of the financial losses as a result of the suspension of Kurdistan's oil exports through the Turkish port of Ceyhan.
Ahmed said in a press interview seen by “Takadam” that “there are daily losses estimated at about 50 million dollars as a result of stopping the export of oil after the International Arbitration Court’s decision on the illegality of exporting the oil of the Kurdistan region through Turkey.”
He added, "Most of the foreign fields and companies have stopped, and this matter will be reflected in the region's budget and the payment of employee salaries, in the event that a new agreement is not reached with Baghdad."
Iraq won an arbitration case, which it filed last Thursday, against Ankara regarding the export of crude oil from the Kurdistan region through the Turkish port of Ceyhan without referring to the Iraqi oil marketing company “SOMO” by the arbitral tribunal of the International Chamber of Commerce in Paris.
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