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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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    A Turkish official believes that his country will refuse to resume exporting Kurdistan's oil through

    Rocky
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    A Turkish official believes that his country will refuse to resume exporting Kurdistan's oil through Empty A Turkish official believes that his country will refuse to resume exporting Kurdistan's oil through

    Post by Rocky Sat 13 May 2023, 5:05 am

    A Turkish official believes that his country will refuse to resume exporting Kurdistan's oil through Ceyhan



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    2023-05-13 01:29
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    Shafaq News/ An informed Turkish official suggested, on Saturday, that his country rejected Baghdad's request to resume exporting Kurdistan's oil through the port of Ceyhan, which has been suspended for a month and a half.
    Last Thursday, the Iraqi Oil Minister expressed optimism about the resumption of oil pumping during the weekend (Saturday), which raised the shares of some energy companies operating in northern Iraq, including "DNO" (DNO) and "Gulf Key Stone Petroleum" ( Gulf Keystone Petroleum).



    Shipments of oil amounting to nearly half a million barrels per day - mostly from the Kurdistan Region - have stopped pumping since March 25.
    Despite the decline in Brent futures contracts during the past month from the level of $ 76 a barrel due to concerns about the global economy, the suspension of flows through the port of Ceyhan reduced supplies to some importers in Europe.
    This came after Turkey closed a pipeline extending to the port of Ceyhan from northern Iraq, as part of Ankara's response to an international arbitral tribunal ruling that condemned it to $1.5 billion for allowing the Kurdistan Regional Government to export oil through Ceyhan without obtaining Baghdad's approval.
    And the US Bloomberg Agency reported that officials from Turkey, which is awaiting the (presidential) elections tomorrow, Sunday, have said that they want to negotiate a settlement of 1.5 billion dollars before reopening the pipeline and the port to Iraqi oil flows.
    For his part, an Iraqi official told Bloomberg Agency that Turkey had informed Iraq that maintenance work at the port, to repair the damage caused by the recent earthquakes, is still continuing.
    For his part, the CEO of "Genel" company, Paul Weir, said last Thursday that the continued closure of the pipeline between Iraq and Turkey is very disappointing, and despite the continued speculation about the timing of the resumption of exports, it is not possible to predict any certainty when exports will resume.
    The federal government in Iraq and the Kurdistan Regional Government usually export about 450,000 barrels per day of crude oil through the port of Ceyhan, which represents about 10% of Iraq's total production, while most of the crude is exported from the southern ports on the Persian Gulf.
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