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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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    Details of the undeclared agreement between Baghdad and Erbil regarding the export of oil

    Rocky
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    Details of the undeclared agreement between Baghdad and Erbil regarding the export of oil Empty Details of the undeclared agreement between Baghdad and Erbil regarding the export of oil

    Post by Rocky Tue 18 Apr 2023, 5:25 am

    [rtl]Details of the undeclared agreement between Baghdad and Erbil regarding the export of oil[/rtl]

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    [rtl]Baghdad - Iraq today:

    Four sources said that the Iraqi federal government and the Kurdistan Regional Government have reached a settlement of technical issues necessary to resume northern oil exports from the Turkish port of Ceyhan to international markets, according to Reuters.

    Two sources said, according to the agency, that "Baghdad and Erbil signed a temporary agreement on April 4 to resume northern oil exports, but they continued to negotiate technical issues before dealing with Turkey."

    The four sources added, "Under the planned agreement, the Iraqi Oil Marketing Company (SOMO) will sign contracts with traders under an authorization, while the Kurdistan region's oil will be prevented from being sold to Asia and will be priced against the official selling price." of Kirkuk crude.”

    Two separate sources said, according to the agency.

    This includes marketing, pricing and destination, according to the agency.

    One of the sources revealed, “The talks will focus on preparations for the resumption of exports, terms and conditions for pricing crude oil sales via SOMO, the proposed mechanism for reimbursement of international oil companies' obligations and their share of future export sales. However, the timetable for the consumption of northern Iraq oil exports remains unclear.” One of the sources

    said The ball is still in Turkey's court,

    and the sources announced, according to the agency previously, that "Ankara is seeking direct negotiations with Baghdad regarding the $1.5 billion that Turkey was ordered to pay to Iraq as compensation according to the decision in the arbitration case."The sources said that Turkey also wants a solution

    . A second arbitration case over unauthorized oil flows since 2018 first before resuming.

    Turkey halted oil exports from northern Iraq, amounting to 450,000 barrels per day, on March 25 after a commercial arbitration court ruling by the International Chamber of Commerce ordered Turkey to pay Baghdad $1.5 billion in compensation for unauthorized KRG oil exports between 2014 and 2014. and 2018.[/rtl]


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