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Sources: International oil companies are looking in Erbil to resume pumping through Türkiye
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Economy News / Baghdad
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Added 04/18/2023 - 3:09 PM
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Economy News / Baghdad
Sources said that international oil companies have been invited to the Kurdistan region of Iraq, to meet with the Prime Minister of the regional government, Masrour Barzani, this morning, Tuesday, April 18, 2023, according to the "Specialized Energy" platform.
One of the sources pointed out that the discussions will focus on preparations for the resumption of the region's oil exports, the conditions for pricing crude oil sales through the Iraqi Marketing Company "SOMO", the proposed mechanism for repaying the debts of international oil companies, and their share of oil export sales in the future.
Despite this, the timetable for the resumption of oil exports from the northern Iraqi region remains unclear, especially since the ball is still in Turkey's court, which is seeking direct negotiations with Baghdad regarding the $1.5 billion it was ordered to pay by the International Chamber of Commerce. To Iraq in the form of compensation.
In addition, Ankara wants to resolve another arbitration case moved by Baghdad, regarding the unauthorized flows of Iraqi Kurdistan oil, since 2018, before Baghdad directly pursues this case, in which a ruling can be issued in its favor.
Views 121
Added 04/18/2023 - 3:09 PM
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