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Neno's Place Established in 2006 as a Community of Reality


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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


    Israel is threatened with great financial losses because of Iraq

    Rocky
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    • Post n°1

    Israel is threatened with great financial losses because of Iraq Empty Israel is threatened with great financial losses because of Iraq

    Post by Rocky Sat 15 Apr 2023, 4:48 am

    Israel is threatened with great financial losses because of Iraq
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    Baghdad today - Baghdad
    An economist said that the decision of the International Tribunal in Paris regarding the export of Kurdistan region's oil threatened the crude oil refining trade in Israeli refineries.
    Nabil Al-Marsoumi indicated in a post on his Facebook page that "Israel was making great profits from re-exporting some of the crude oil produced in Kurdistan, which it buys at reduced prices. Israel uses part of it in the Haifa and Ashdod refineries, and transports the other part through pipelines to the waters of Eilat on the Red Sea." From there, it is shipped to Asian customers, including refineries in China and Taiwan."
    He added, "It seems that this trade is threatened after the decision of the International Chamber of Commerce Court in Paris, which prevented Turkey from allowing the export of Kurdistan's oil through the port of Ceyhan."
    An informed source told Reuters that the Iraqi government has not asked the Turkish side to resume oil exports from the Kurdistan region so far, despite the agreement between Baghdad and Erbil to resume exports. 
    Oil exports from Iraqi Kurdistan to the Turkish port of Ceyhan are still suspended, nearly three weeks after the issuance of a ruling in an arbitration case stipulating that Ankara pay compensation to Baghdad in return for allowing the export of oil from the region without a permit from the Baghdad government.
    The ruling issued by the International Chamber of Commerce on March 23 obligated Turkey to pay $1.5 billion in compensation to Baghdad for allowing Ankara to pump Kurdistan’s exports from 2014 to 2018.
    In response, Turkey cut off the flow of 450,000 barrels per day of oil exports and sources said Turkey was willing to negotiate compensation as well as resolve a second arbitration case related to the flows from 2018 before pumping oil was reopened.
    A third source told Reuters that Turkey is seeking direct negotiations on compensation amounting to $1.5 billion, which was ordered to be paid to Iraq.
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