Home
A report reveals that the directors of international oil companies attended the signing of the agreement between Baghdad and Erbil
[You must be registered and logged in to see this image.]
2023-04-06 14:03
Share
Font
Shafaq News / Reuters news agency considered, on Thursday, that the meeting of the Federal Prime Minister, Muhammad Shia' al-Sudani, and the head of the Kurdistan Regional Government, Masrour Barzani, in Baghdad, which resulted in reaching an agreement that ends the long dispute over the export of the region's oil, reflects progress between them and a new will to settle differences. .
In the report translated by Shafaq News Agency; The agency quoted three sources familiar with the talks as saying that Russell Hardy, the president of Vitol, the world's largest oil trading company, was present in the hall, along with executives from Petraco and Energopol, and representatives of the company. HKN Energy, in addition to representatives of the Kurdish oil company, KAR.
According to informed sources, the executives whose companies play major roles in Kurdish oil production and the development of the sector were present in the hall, in order to present their ideas on the best ways to move forward, after the disruption of northern oil exports through Turkey, which led to a decline of 0.5% of oil prices. Global supplies and rising prices.
Meeting reassures oil companies
The report quoted an official in the Iraqi Oil Ministry familiar with the meeting as saying that the goal is to reassure companies that their deals with the Kurdistan Regional Government are safe.
The report stated that Baghdad and the regional government signed a temporary agreement yesterday, Tuesday, in order to resume the export of northern oil as part of efforts to end decades of political and economic differences, which is seen as a "major breakthrough", and reflects the determination of Baghdad and Erbil to settle their differences regarding With oil and debt, which will eventually lead to resolving their political and economic differences.
The report quoted a source familiar with the talks, saying, "Everyone is trying to make concessions. This is a big matter for internal politics in Iraq. The federal government wants to preserve the cohesion of the entire country after years of problems."
Rebuild trust
According to two informed sources, the meeting last Monday between officials of the regional government and Baghdad, as well as executive directors of international companies, was in the context of a similar tone aimed at building trust between all parties.
The report pointed out that the Kurdish "KRA" company confirmed that it was present at the meeting, but it refused to comment.
As for the "Petraco" company, it confirmed its presence in the talks in Baghdad, but it indicated that it was awaiting further developments.
For its part, Vitol declined to comment, and HKN Energy and Energopol, in addition to the regional government, did not respond to requests for comment on the matter.
Baghdad had said that Turkey had violated an agreement by allowing the regional government to export oil to the port of Ceyhan without its consent, which is one of the many points of contention between the federal government and the Kurdish authorities.
Sudanese government and international trust
The report considered that any settlement to resolve the oil dispute would enhance the confidence of the international industry in the government of Muhammad Shia'a al-Sudani.
According to the report, politicians close to Al-Sudani say that he is seeking to restore the confidence of foreign investors and to show Baghdad's willingness to cooperate with international oil companies, including personally attending all major energy events.
additional conversations
The report quoted a source in the Iraqi Oil Ministry as saying that the participants in last Monday's meeting reached an agreement to hold additional talks on how to amend contracts with the regional government in a way that does not violate the export and marketing mechanisms of the oil marketing company "SOMO".
Another source pointed out that the talks also dealt with pricing issues and destinations for KRG crude.
The report quoted two Iraqi sources as saying today, Thursday, that flows through pipelines from northern Iraq have not resumed yet, as Iraq is awaiting a response from Turkey, but once the implementation of the interim agreement begins, SOMO will have the authority to market and export KRG oil.
According to the agreement, the revenues will be deposited in an account under the control of the regional government in the Central Bank of Iraq, but Baghdad will have access to this account.
"The main difference from the past situation is that SOMO's participation will make the Kurdish oil fully marketable," said a source familiar with the negotiations.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-04-06 14:03
Share
Font
Shafaq News / Reuters news agency considered, on Thursday, that the meeting of the Federal Prime Minister, Muhammad Shia' al-Sudani, and the head of the Kurdistan Regional Government, Masrour Barzani, in Baghdad, which resulted in reaching an agreement that ends the long dispute over the export of the region's oil, reflects progress between them and a new will to settle differences. .
In the report translated by Shafaq News Agency; The agency quoted three sources familiar with the talks as saying that Russell Hardy, the president of Vitol, the world's largest oil trading company, was present in the hall, along with executives from Petraco and Energopol, and representatives of the company. HKN Energy, in addition to representatives of the Kurdish oil company, KAR.
According to informed sources, the executives whose companies play major roles in Kurdish oil production and the development of the sector were present in the hall, in order to present their ideas on the best ways to move forward, after the disruption of northern oil exports through Turkey, which led to a decline of 0.5% of oil prices. Global supplies and rising prices.
Meeting reassures oil companies
The report quoted an official in the Iraqi Oil Ministry familiar with the meeting as saying that the goal is to reassure companies that their deals with the Kurdistan Regional Government are safe.
The report stated that Baghdad and the regional government signed a temporary agreement yesterday, Tuesday, in order to resume the export of northern oil as part of efforts to end decades of political and economic differences, which is seen as a "major breakthrough", and reflects the determination of Baghdad and Erbil to settle their differences regarding With oil and debt, which will eventually lead to resolving their political and economic differences.
The report quoted a source familiar with the talks, saying, "Everyone is trying to make concessions. This is a big matter for internal politics in Iraq. The federal government wants to preserve the cohesion of the entire country after years of problems."
Rebuild trust
According to two informed sources, the meeting last Monday between officials of the regional government and Baghdad, as well as executive directors of international companies, was in the context of a similar tone aimed at building trust between all parties.
The report pointed out that the Kurdish "KRA" company confirmed that it was present at the meeting, but it refused to comment.
As for the "Petraco" company, it confirmed its presence in the talks in Baghdad, but it indicated that it was awaiting further developments.
For its part, Vitol declined to comment, and HKN Energy and Energopol, in addition to the regional government, did not respond to requests for comment on the matter.
Baghdad had said that Turkey had violated an agreement by allowing the regional government to export oil to the port of Ceyhan without its consent, which is one of the many points of contention between the federal government and the Kurdish authorities.
Sudanese government and international trust
The report considered that any settlement to resolve the oil dispute would enhance the confidence of the international industry in the government of Muhammad Shia'a al-Sudani.
According to the report, politicians close to Al-Sudani say that he is seeking to restore the confidence of foreign investors and to show Baghdad's willingness to cooperate with international oil companies, including personally attending all major energy events.
additional conversations
The report quoted a source in the Iraqi Oil Ministry as saying that the participants in last Monday's meeting reached an agreement to hold additional talks on how to amend contracts with the regional government in a way that does not violate the export and marketing mechanisms of the oil marketing company "SOMO".
Another source pointed out that the talks also dealt with pricing issues and destinations for KRG crude.
The report quoted two Iraqi sources as saying today, Thursday, that flows through pipelines from northern Iraq have not resumed yet, as Iraq is awaiting a response from Turkey, but once the implementation of the interim agreement begins, SOMO will have the authority to market and export KRG oil.
According to the agreement, the revenues will be deposited in an account under the control of the regional government in the Central Bank of Iraq, but Baghdad will have access to this account.
"The main difference from the past situation is that SOMO's participation will make the Kurdish oil fully marketable," said a source familiar with the negotiations.
[You must be registered and logged in to see this link.]
» External Iraqi Central Bank transfers increased by 92% in today’s auction
» The Iraqi Stock Exchange closed up by 1.06%
» A government meeting to unify customs policy at the border crossings with the region
» Kurdistan sends 3 international and local letters regarding “tampering with electoral seats”
» Including Kurdistan... unifying customs policy at the ports on the table of the Ministry of Planning
» Climate conference: Iraq and Saudi Arabia oppose an imminent agreement to mark the beginning of the
» Because of Al-Halbousi, the voter card exchange jumps to 200 thousand dinars
» Warnings of hidden moves by the American ambassador to target the Islamic resistance
» Al-Sudani reviews the work plan for service projects implemented in Baghdad
» Planning announces the imminent formation of the Permanent Council for Private Sector Development
» A jump in central bank sales to exceed $200 million
» The Ministry of Interior announces the success of the first “social” experiment to contain electroni
» Continuing movements.. American forces continue to threaten the Iraqi people and attack the security
» Al-Shammari directs gradual preparation to take over the security file in Baghdad
» A parliamentarian responds to Al-Halbousi regarding the absentees: You shook our heads with this ele
» Samsung: Iraq represents the most prominent market in the Middle East
» Al-Sudani: We reject any blackmail attempt that the companies implementing the projects may be expos
» Al-Khalidi: The presidency of Parliament will not return to Al-Halbousi or his party
» Nechirvan Barzani: I reassure all feminist movements in Kurdistan of my support and support
» Education announces the opening of 30 qualified schools in Babylon
» The Ministry of Planning announces the imminent formation of the Permanent Council for Private Secto
» The Prime Minister visits Baghdad Governorate and reviews the work plan for the implemented service
» Minister of Health: The Prime Minister provided facilities and exceptions to support the health syst
» Al-Sudani directs that all areas of Baghdad be covered with smart cameras
» Central Investigation Court in Rusafa: Arrest of the largest real estate fraud network in Baghdad
» The work sets a date for increasing the salary of the full-time employee
» Integrity: A government hospital accounts manager was arrested for collecting 46 million dinars in B
» Al-Rasheed Bank warns of pages claiming to grant an advance of 25 million dinars to retirees
» Election Commission: Our operations are unparalleled in countries of the world
» Automation to control dollar trade transactions
» More than 1,500 service projects will be launched in 2024
» Conditional benefit for pregnant women and children
» Al-Sudani: Today we are fighting the battle of reconstruction, construction, and fighting corruption
» The Association of Banks records growth in bank accounts and cards
» Access to the formal market
» The Central Bank announces the establishment of the Green Bank for Sustainable Development
» Al-Sudani reviews the work plan for the implemented service projects and supervises the referral of
» Issuing the final statement of the visit of Arab anti-drug officials to Baghdad
» Al-Sudani obtains a “framework authorization” to pursue those targeting diplomatic missions
» After federalism.. Parliament hints at a Sudanese decision related to “military formations”
» This evening... a meeting of representatives of political forces to determine the date of the sessio
» Not before December 18.. A parliamentarian resolves the controversy over the election of a new speak
» After launching the loan.. the date of delivery of September salaries to Kurdistan employees was rev
» The Iraqi Central Bank sells more than $220 million at auction on Monday
» Audit Bureau: More than 5,000 financial reports will be issued in 2023
» The Great Dam is very close to the “dead” treasury!
» America announces: 61 attacks on American and coalition forces in Iraq and Syria
» The Iraqi dinar crisis sparks a sharp dispute within the Finance Committee
» A sharp disagreement between MP Muhammad Nouri and Al-Atwani over the performance of the Finance Com
» Tax reform in Iraq...an absent economic resource and many obstacles to its implementation
» New York Times: Fears of an expansion of the conflict are growing inside Iraq
» I announce the closure of official working hours on the 18th and 19th of this month...
» Dhi Qar Oil Company announces the completion of drilling 17 wells as part of a plan to develop oil p
» Judge Zidane calls for a reconsideration of human rights laws
» Al-Sudani: The Iraqis are fighting the battle of reconstruction, fighting corruption, and the challe
» Al-Jayji Al-Basrawi, who was stopped by Haider Al-Abadi: Governments change and I have been here sin
» Parliamentary Finance intends to sue the banks that granted loans to cover the salaries of the regio
» Iraq and Britain are discussing increasing the volume of trade exchange between the two countries
» Al-Rafidain decides to pay off debts to the two segments of martyrs and wounded
» The future of oil is in danger.. Final hours to announce a new global agreement on climate
» More than 1,500 service projects will be launched in 2024
» A slight decline in dollar exchange rates in local markets
» The Governor of the Central Bank chairs the first meeting of the National Payments Council
» utube 12/09 Militia Man & Crew Iraq Dinar Strength - Iraq Started Development - Building a Gateway
» The Central Bank denies the disappearance of large amounts of local currency
» 1.2 million new bank accounts were opened in Iraq within 9 months
» Barzani's headquarters indicates attempts to "change and manipulate" the quota seats in the Kurdista
» Association of Private Banks: Establishing more than 1.2 million bank accounts within 9 months
» Culture: Forming specialized teams to tabulate the amounts of support provided by the Prime Minister
» The "Arab administration" worries the union in Kirkuk and fears the return of Kurdish control
» Security control over 45 oil wells in Nineveh.. A parliamentarian speaks about an American plan: The
» The President of the Republic leaves Baghdad heading to Cyprus in response to an official invitation
» The Ministry of Interior announces the closure of land and air ports on polling day
» Finance grants a loan worth 700 billion dinars to finance the salaries of the region’s employees
» Parliamentary law reveals the fact that an emergency session was held to elect a Speaker of Parliame
» Al-Tamimi: The Foreign Ministry is negligent towards the American ambassador and her country’s crime
» Adopting the alternative system for all teams and formations of the Federal Police Forces
» Security observer: The Sudanese has an opportunity to negotiate with the Americans on one condition
» Frame: Britain violates Iraq's sovereignty through its drones
» Parliamentary Agriculture confirms its support for the local product and issues several directives
» Deputy: The American embassy did not adhere to diplomatic norms
» Al-Sudani calls on the House of Representatives to complete the selection of members of the Human Ri
» The Iraqi environment is “unsafe.” Various dangers threaten the lives of foreigners and locals
» The Kurdistan Region stops and holds about 2,000 companies accountable on charges related to human t
» Al-Awadi announces the results of the investigation into violations of agricultural lands in Jadriya
» Report: More than 90 trillion dinars in cash are in circulation outside the banking system in Iraq
» The Federal Police announces the adoption of the alternative system in all its formations
» The Finance Committee refutes the statements of its member
» Oil announces the completion of drilling a new well in record time
» The Japanese ambassador to Iraq reveals a complaint he submitted to the Sudanese
» Five risks of the clash between America and the factions in Iraq: ISIS is not over yet
» Judge Hanoun requests the US Treasury's assistance in tracking Iraq's funds from the era of the prev
» Baghdad dollar stabilizes high.. Morning list of prices
» Two reasons behind the decline in oil...and Iraq’s next budget is promised a “deficit”
» Al-Sudani sponsors the second conference of the National Plan for Human Rights in Iraq
» Ministry of Interior: Starting next month, the alternative system will be implemented in the Federal
» Iraq closes its land and air ports on polling day for the local elections
» Controversial in Iraq “and rejected by Iran”.. Who is Al-Marsoumi and who killed him?