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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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    The continued suspension of oil exports from the Kurdistan region to Türkiye

    Rocky
    Rocky
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    The continued suspension of oil exports from the Kurdistan region to Türkiye Empty The continued suspension of oil exports from the Kurdistan region to Türkiye

    Post by Rocky Thu 06 Apr 2023, 2:53 pm

    [size=45][size=41]The continued suspension of oil exports from the Kurdistan region to Türkiye[/size]
     two hours ago
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    Reuters quoted sources, on Thursday, as saying that oil exports from northern Iraq to Turkey have not yet resumed, which means the continued closure of several fields in the semi-autonomous Kurdistan region.
    Turkey stopped the flow of about 450 thousand barrels per day, representing 0.5 percent of global oil supplies, through a pipeline from the fields of Kirkuk in Iraq to the Turkish port of Ceyhan on March 25, after a ruling was issued in favor of Iraq in an arbitration case.
    In the case, Iraq accused Turkey of violating a pipeline agreement dating back to 1973 by allowing the Kurdistan Regional Government to export oil without Baghdad's approval during the period from 2014 to 2018.
    The Iraqi federal government and the Kurdistan Regional Government signed a temporary agreement on Tuesday to resume oil exports from the north via Turkey, which made many officials hope that exports would resume on the same day.
    A source familiar with the exports told Reuters, on condition of anonymity, that the pipeline operators had not yet received any instructions regarding the resumption of pumping.
    A separate source said Iraq was waiting for a response from Türkiye.
    A second arbitration case also linked to the 1973 pipeline agreement and related to exports from 2018 onwards remains open.
    Sources have previously indicated to Reuters that Turkey wants to resolve this issue before pumping back through the pipeline.
    The continued stoppage forced the oil companies in the region to stop production in several fields or reduce it after storage tanks were full.
    A spokesman for Genel Energy, operator of the Sarta oil field, said that the field was suspended today, Thursday. The field produced an average of 4,170 barrels per day last year.
    The company had previously said on March 29 that the field's production could continue until the end of the week, while warehouses could continue to receive production from the Taq Taq field, which produced 4,490 barrels per day last year, until April 21.
    “The recent obstruction of oil exports from the Kurdistan region harmed the country as a whole,” Masrour Barzani, head of the regional government, said in a statement following the signing of the interim agreement on Tuesday. This agreement will bring much needed revenue.”
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