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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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    Kurdish anger at an Iraqi-Turkish meeting that "did not address the most important file"... What is

    Rocky
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    Kurdish anger at an Iraqi-Turkish meeting that "did not address the most important file"... What is Empty Kurdish anger at an Iraqi-Turkish meeting that "did not address the most important file"... What is

    Post by Rocky Wed 23 Aug 2023, 4:17 am

    Kurdish anger at an Iraqi-Turkish meeting that "did not address the most important file"... What is the relationship between earthquakes?
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    Baghdad today - Erbil 
    Oil expert Bahjat Ahmed said today, Wednesday (August 23, 2023), that the meeting of the Iraqi oil minister with his Turkish counterpart in Ankara did not address the resumption of oil exports through the Turkish port of Ceyhan.
    Ahmed said in an interview with "Baghdad Today" that "Turkey is claiming its inability to resume exporting Kurdistan and Kirkuk oil through the port of Ceyhan, due to the earthquake that struck Turkish cities months ago."
    He added, "This reason is not true at all, because the oil export process was resumed two days after the earthquake, and continued for about 50 days after that without any problems, until the decision of the International Arbitration Court in Paris came."
    Ahmed pointed out, "It is clear that Turkey does not want to resume exporting oil under flimsy pretexts, and the Iraqi government must search for an alternative, to benefit from the wasted financial revenues."
    Yesterday, Tuesday (August 22, 2023), Oil Minister Hayan Abdul-Ghani and his Turkish counterpart, Arslan Bayraktar, set the date for the joint economic committee meeting in Baghdad.
    And the Iraqi Ministry of Oil stated, in a statement received by "Baghdad Today", that "Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul-Ghani met in Ankara, Turkish Minister of Energy and Natural Resources Alp Arslan Bayraktar," noting that "the two sides discussed a number of bilateral and regional issues of interest." subscriber".
     
    Pipeline
    She explained that "the two sides stressed the importance of the crude oil pipeline between Iraq and Turkey, and the resumption of crude oil flows, after the completion of the necessary rehabilitation and examination processes that must be implemented after the earthquake incident on February 6, 2023."
    And she continued, "The two sides also stressed the promotion of prospects for joint cooperation in the fields of energy, oil and gas, electrical interconnection and renewable energy."
    And she indicated that "the joint Iraqi-Turkish economic committee, which is chaired by the two ministers, decided to hold the nineteenth meeting of the committee in Baghdad, and its date will be determined later."
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    Yesterday, Monday, Oil Minister Hayan Abdul Ghani arrived in the Turkish capital, Ankara, on a two-day official visit.
    A statement from the Iraqi embassy in Ankara, received by "Baghdad Today", stated that the visit "to conduct discussions related to developing bilateral relations, expanding horizons of cooperation in the field of oil, gas and energy, in addition to discussing the file of resuming Iraqi oil exports through the Turkish port of Ceyhan."
    The statement indicated that Minister Abdul-Ghani will meet with the Turkish Minister of Energy and Natural Resources, Fatih Donmez, and a number of Turkish officials to confirm Iraq's keenness to build bridges of trust and cooperation to reach an agreement on resuming the process of exporting Iraqi oil through the Oil Marketing Company "SOMO" exclusively.
     
    Billions of losses
    On Monday (August 21, 2023), the adviser on oil affairs, Kovind Sherwani, revealed the size of the financial losses as a result of stopping oil exports from the port of Ceyhan through the Kurdistan region to Turkey.
    Sherwani said in an interview with "Baghdad Today" that "the economic and financial losses since the fourth of April until today are about 28 million dollars per day, and the loss per month is 840 million dollars, and therefore the losses have exceeded 4 billion dollars."
    He added, "With OPEC's decision related to reducing production, Iraq could have benefited by up to 200,000 barrels, and therefore even if the daily exports of the region's and Kirkuk's oil, amounting to 400,000 barrels, were reduced, the losses would be around $2 billion."
     
    arbitral award
    Earlier, Turkey stopped Iraq's exports of 450,000 barrels per day through the oil pipeline that extends from the Kurdistan region in northern Iraq to the Turkish port of Ceyhan on March 25.
    Turkey's decision to suspend exports followed an arbitration decision by the International Chamber of Commerce that ordered Turkey to pay Baghdad $1.5 billion in compensation for damages caused by the Kurdistan Regional Government's export of oil without permission from the government in Baghdad between 2014 and 2018.
    Attempts to restart the pipeline were delayed by last month's Turkish presidential election and discussions between the Iraqi government's Oil Marketing Company (SOMO) and the KRG over an export deal that has now been reached.
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    Sources told Reuters earlier that among the issues to be resolved was that Turkey seek to negotiate the amount of compensation ordered by the International Chamber of Commerce.
    The sources said they also want to permanently resolve outstanding issues in other open arbitration cases before they agree to resume flows.
    And the Kurdistan region suffers from a lack of liquidity due to the interruption of the pipeline, and Iraqi politicians and Kurdish lawmakers said that the region had no other choice but to approve the budget, from which it would receive 12.67 percent of the total 198.9 trillion dinars ($ 153 billion).
    The loss in KRG revenue due to the 80-day oil shutdown is more than $2 billion, according to Reuters calculations based on exports of 375,000 barrels per day plus the KRG's historic discount to the price of Brent crude, where the pipeline was exporting. Also about 75 thousand barrels per day of federal crude.
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