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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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    Turkish newspaper: Baghdad and Erbil's efforts to pump oil again next month "will not materialize"

    Rocky
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    Turkish newspaper: Baghdad and Erbil's efforts to pump oil again next month "will not materialize" Empty Turkish newspaper: Baghdad and Erbil's efforts to pump oil again next month "will not materialize"

    Post by Rocky Wed 26 Apr 2023, 4:32 am

    Turkish newspaper: Baghdad and Erbil's efforts to pump oil again next month "will not materialize"

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    Baghdad Today - Translator
    The Turkish newspaper, The Daily Sabah, announced today, Tuesday, the "continuation of differences" between Baghdad and Erbil over the implementation of the April 4 agreement to pump oil from the Kurdistan region back to the international market.
    The newspaper said, in a report translated by (Baghdad Today), that "the agreement that included SOMO taking over the responsibility of exporting oil from the region is still being applied, confirming, quoting four unnamed sources, that the work mechanism is between SOMO and the regional government, in addition to its account within the Central Bank of Iraq and the method of Baghdad's access to it has not been agreed upon yet." 
    The report added, "SOMO is still in the process of negotiating oil supply contracts," noting that "there are three other sources that revealed that SOMO and the Kurdistan Regional Government of Iraq are seeking to re-pump oil at the beginning of next May." 
    The newspaper, according to a separate source, said: "Efforts to export oil early next month (impossible), pointing out that" re-pumping oil from the region to the international market will require at least two to three weeks of continuous work. 
    The newspaper also indicated that its contacts with the Ministry of Oil in Baghdad and the Kurdistan Regional Government of Iraq did not lead to a result, as the two parties refused to comment on the crisis or the level of progress in addressing it, while also confirming that the Turkish authorities, which it said were "apparently trying to postpone the discussion with Baghdad about Re-exports until the date of the next elections on the fourteenth of May," she also refuses to answer journalists' questions about the development of the negotiations, according to her description.
    On April 4, the Iraqi government and the Kurdistan authorities signed an agreement allowing the immediate resumption of the region's oil exports to Turkey, in a "temporary" settlement to a long-standing dispute between the two parties. 
    The agreement, which was signed in the presence of Al-Sudani and Barzani, states that Kurdistan’s oil sales will be conducted through the Iraqi Oil Marketing Company “SOMO”, which means that Erbil will no longer unilaterally manage the oil file.
    It also stipulates that the total revenues of oil exported from the fields of the region be deposited in a bank account of the regional government with the Central Bank of Iraq or one of the banks accredited by the Central Bank of Iraq, according to what a government source in Baghdad said.
    Likewise, the agreement provides for the creation of an assistant position for the general manager of the Iraqi Oil Marketing Company, provided that the Kurdistan Regional Government nominates the name that will occupy this newly created position, according to the same source.
    According to the text of the agreement, and pending the approval of the budget or the oil and gas law, a temporary committee of four members will be formed from the Ministry of Oil, the Oil Marketing Company and the Ministry of Natural Resources in the region, whose task is to negotiate the sale of the region’s oil according to the sales mechanisms of the “SOMO” company, provided that the final beneficiary is known.
    The file of the region's oil constitutes an obstacle in the relations between Baghdad and Erbil at a time when the Iraqi government adopted in its budget for the next three years the average selling price of a barrel of oil at $70.
    The Baghdad government has always looked with anger at the Kurdistan government, which used to export the region's oil without returning to the central government, thus depriving it of its resources.
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