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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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    After Ankara's "incapacitating" conditions... Does Iraq need to re-export its oil via Turkey?

    Rocky
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    After Ankara's "incapacitating" conditions... Does Iraq need to re-export its oil via Turkey? Empty After Ankara's "incapacitating" conditions... Does Iraq need to re-export its oil via Turkey?

    Post by Rocky Thu 17 Aug 2023, 3:53 am

    [size=35][size=35]After Ankara's "incapacitating" conditions... Does Iraq need to re-export its oil via Turkey?[/size]
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    Economy

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    2023-08-17 | 03:33
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    Alsumaria News - Economy

    In conjunction with Ankara's "incapacitating" conditions, economic experts saw today, Thursday, August 17, 2023, that Iraq is not in a position of weakness regarding stopping oil exports again via the Turkish Ceyhan pipeline, calling for it not to make major concessions, considering Turkey is party most affected by it.


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    Economist[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url]said in a post titled "Does[You must be registered and logged in to see this link.]Currently need to re-export its oil via Turkey," that "after[You must be registered and logged in to see this link.]'s commitment to OPEC Plus restrictions, its production share decreased from 4.650 million barrels per day to 4.220 million barrels, of which 3.444 million barrels per day are currently exported and 780 are consumed internally." It is possible for Iraqi oil exports to rise to the level of oil exports estimated in the 2023 budget, which amounts to 4.5 million barrels, and this means that re-exporting Kurdistan's oil through the Turkish port of Ceyhan will require reduction[You must be registered and logged in to see this link.]'s oil exports by sea to about 4 million barrels per day[You must be registered and logged in to see this link.]It will not get any increase in its oil revenues, just like that[You must be registered and logged in to see this link.]is after signing a $417 million undersea pipeline project that will increase export capacity to the south by half a million barrels per day next year.



    He added, "This means reducing the need to re-work the Iraqi-Turkish pipeline, which will harm the Turkish side, which will lose traffic fees, which exceed one billion dollars annually, and undermine the efforts of[You must be registered and logged in to see this link.]Which seeks to be a safe and reliable passage for oil and gas pipelines, especially since[You must be registered and logged in to see this link.]One of the signatories to the Energy Regulation Agreement, in which the subject of oil and gas pipelines is the most important component, and arbitration regarding it. Accordingly, Iraq is not in a position of weakness in this matter, and it should not make major concessions because[You must be registered and logged in to see this link.]It is the party most affected by stopping the export of Iraqi oil through it.”

    And the repercussions of the decision are still there[url=https://www.alsumaria.tv/Entity/4156267480/%D9%85%D8%AD%D9%83%D9%85%D8%A9 %D8%A7%D9%84%D8%AA%D8%AD%D9%83%D9%8A%D9%85 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9/ar/]International Arbitration Court[/url]Regarding stopping the export of oil from the region[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]affects the relationships between[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]Especially after the Iraqi federal government assumed responsibility for the oil file in the region.

    Several months and a number of negotiations brought together the Iraqi and Turkish delegations, but the two sides did not reach any agreement on resuming oil exports again via the Turkish Ceyhan line.

    Turkey stopped exports amounting to 450 thousand barrels per day from the north[You must be registered and logged in to see this link.]through the Iraqi-Turkish pipeline on March 25 after the International Chamber of Commerce issued its ruling in an arbitration case.

    The Chamber ordered Turkey to pay Baghdad $1.5 billion in compensation for the damages it suffered from the Kurdistan Regional Government of[You must be registered and logged in to see this link.]'s export of oil without a permit from the government in Baghdad between 2014 and 2018.

    The crude oil pipeline extends from the Kurdistan region in the north[You must be registered and logged in to see this link.]to the Turkish port of Ceyhan, where the Kurdistan Regional Government began exporting crude independently of the federal government in 2013, a step Baghdad considered illegal.

    The new development that took place in the case was represented by "incapacitating" conditions imposed by Ankara on Baghdad to continue exporting oil, which revolved around six points.

    the economist,[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url], diagnosed Turkey's conditions for re-exporting Iraqi oil, while stressing that Ankara is calling for stopping the clearing of Baghdad and Tehran.

    Al-Marsoumi said in a post, followed by Al-Sumaria News, that "Turkey has set six conditions for re-exporting Iraqi oil," pointing out that "the first condition was to stop applying the clearing agreement between Iraqi oil and Iranian gas Because Turkey and Kurdistan have an agreement on oil for a period of 50 years.

    He pointed out, "The second condition revolves around paying compensation in exchange for resuming the region's oil exports, while the third revolves around withdrawing the second lawsuit by Baghdad in the International Court of Arbitration for compensation for the period 2018-2022."

    And he stated, "The fourth condition is to continue to give Turkey a discount of $13 on the price of each barrel of crude oil exported from the region," adding, "Ankara also demands the continuation of paying transportation fees to the Turkish company BOTAŞ in the amount of $7 per barrel of crude oil exported through the port.” Jehan the Turk.

    And he concluded his speech, saying: “The last condition demanded by Ankara revolves around[You must be registered and logged in to see this link.]bearing the cost of repairing the Iraqi-Turkish pipeline."
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