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[size=36]Baghdad concludes the first sales contracts for Kurdistan's oil: export will resume within days[/size]
Economy| 08:21 - 11/05/2023
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Baghdad - Mawazine News
The Ministry of Oil announced the start of exporting the first batch of oil from the Kurdistan fields within a few days.
Basem Al-Abadi, Undersecretary for Extraction Affairs, said, "His ministry has prepared four draft contracts for the sale of Iraqi oil with international supplier companies," noting that "the Iraqi Marketing Company (SOMO) concluded the first contracts for the sale of oil from the Kurdistan region's oil fields with a foreign company."
Al-Abadi added, "The other three contracts will be signed before the start of pumping oil in the coming days," stressing, "the ministry's readiness to pump crude if the Turkish side completes the work of examining and examining the pipeline located on its side," according to the official newspaper.
He continued, "The process of marketing Kurdistan's oil is taking place in accordance with the contexts of the usual contracts concluded by the marketing company (SOMO) with foreign companies," pointing out that "the Ministry of Oil and the Turkish side have overcome the obstacles that were hindering the agreement to market Iraqi oil through the Turkish port of Ceyhan."
And at the end of last March, Iraq won a case for arbitration, which it filed with the Arbitral Tribunal of the International Chamber of Commerce, against Turkey regarding the export of crude oil from the Kurdistan region through the Turkish port of Ceyhan without referring to the Iraqi Oil Marketing Company "SOMO". Ended 29/N33
The Ministry of Oil announced the start of exporting the first batch of oil from the Kurdistan fields within a few days.
Basem Al-Abadi, Undersecretary for Extraction Affairs, said, "His ministry has prepared four draft contracts for the sale of Iraqi oil with international supplier companies," noting that "the Iraqi Marketing Company (SOMO) concluded the first contracts for the sale of oil from the Kurdistan region's oil fields with a foreign company."
Al-Abadi added, "The other three contracts will be signed before the start of pumping oil in the coming days," stressing, "the ministry's readiness to pump crude if the Turkish side completes the work of examining and examining the pipeline located on its side," according to the official newspaper.
He continued, "The process of marketing Kurdistan's oil is taking place in accordance with the contexts of the usual contracts concluded by the marketing company (SOMO) with foreign companies," pointing out that "the Ministry of Oil and the Turkish side have overcome the obstacles that were hindering the agreement to market Iraqi oil through the Turkish port of Ceyhan."
And at the end of last March, Iraq won a case for arbitration, which it filed with the Arbitral Tribunal of the International Chamber of Commerce, against Turkey regarding the export of crude oil from the Kurdistan region through the Turkish port of Ceyhan without referring to the Iraqi Oil Marketing Company "SOMO". Ended 29/N33
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