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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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    British site: Kurdistan is not committed to handing over oil quotas to Baghdad

    Rocky
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    • Post n°1

    British site: Kurdistan is not committed to handing over oil quotas to Baghdad Empty British site: Kurdistan is not committed to handing over oil quotas to Baghdad

    Post by Rocky Wed 26 Jul 2023, 11:53 am

    [size=52]British site: Kurdistan is not committed to handing over oil quotas to Baghdad[/size]
    • Today 16:07




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    information/translation. 
    A report by the British website Argos, which specializes in economic affairs, revealed, on Wednesday, that despite the Kurdistan region providing Baghdad with between 50,000 and 60,000 barrels per day of crude oil, it is still very far from delivering the full share of oil, amounting to 400,000 barrels per day. 
    The report, which was translated by Al-Maalouma Agency, stated, "This indicates a kind of partial commitment to the region, as the closure of oil exports through the Turkish port of Ceyhan enters its fifth month in an attempt to pressure Baghdad in exchange for waiving the fine approved by the International Tribunal against Turkey to compensate Iraq for illegal exports." 
    He added, "Under the agreement with Baghdad, the Kurdistan region must supply the Turkish facilities of Ceyhan with no less than 400,000 barrels, and the marketing is through the Iraqi state-owned SOMO company. If oil cannot be exported through the port of Ceyhan or other specific ports, that oil must be redirected to local refining, including refineries in the north of the country."
    A source, who refused to be identified, said, "Production may be slightly higher than 50,000 barrels per day, but the Kurdistan Regional Government is still far from reaching the target of 400,000 barrels per day. It remains to be seen how Erbil will compensate the federal government for the current levels of crude conversion, as in exchange for that, the region must receive 12.6 percent of the federal budget."
    The report stated that "Turkey and Iraq are still in deliberative talks regarding the resumption of about 470,000 barrels per day of crude oil exports from northern Iraq, as the pipeline that transports crude from the Kurdistan region of Iraq to Ceyhan for delivery to export markets was closed last March. Concessions by Iraq in connection with the Tribunal's ruling and another arbitration case."
    The report indicated that "the Iraqi Prime Minister's office said yesterday that Turkish President Recep Tayyip Erdogan is scheduled to visit Baghdad, without specifying a date, adding that this will not happen next week." End/ 25 zd
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