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Today, Thursday (August 31, 2023), the Kurdistan Petroleum Industries Union announced its refusal to resume production and pumping of oil from the region, even if the government reached an agreement with the Turkish authorities.
The union, which includes a group of foreign and local companies working in the field of oil production, said, according to statements to the American newspaper, "The Cradle," that "oil-producing companies refuse to return to work again within the region," stressing that "the production and export of oil will be stopped completely, even if they reach The Iraqi government has reached an agreement with the Turkish side to re-pump through the port of Ceyhan until the conditions are fully implemented."
The Federation of Companies, according to what the newspaper showed, called on the Kurdistan Regional Government of Iraq to "provide guarantees that fully protect the rights of companies, including financial rights," stressing that they were "significantly affected" by the Kurdistan Regional Government of Iraq's breach of the official agreements governing the export of oil and the resulting suspensions. For export, it caused damages worth “billions” to companies, according to its description.
It is noteworthy that the threats of the companies coincide with continuous announcements from the Iraqi and Turkish government hinting that they are close to signing an agreement that guarantees the export of oil from the Kurdistan region of Iraq through the port of Ceyhan without problems, as the American newspaper confirmed that the companies’ implementation of their threat will mean the continuation of the current crisis even if Baghdad and Ankara reach an agreement agreement.
It is noteworthy that a responsible source in the Kurdistan region revealed, on (August 18, 2023), an arrangement for a meeting between the Prime Minister, Muhammad Shia al-Sudani, and the Kurdish oil companies, and with the mediation of the American ambassador in Baghdad, Elena Romanowsky, for the purpose of ensuring her fate and financial dues after the entry of the oil sector in Kurdistan into an unknown tunnel.
The source told "Baghdad Today" that "the reason for the meeting is for Al-Sudani to preserve the financial dues of these companies and their wages in the new agreement between Baghdad and Erbil on oil."
The source confirms that "the Kurdish oil companies in the region have not received their financial dues as well as their monthly wages since September of last year."
He pointed out that "the work of these companies is distributed in the regions of Kurdistan by filtering, extracting, investing and selling oil, and they used to receive their wages from the regional government, but the wages stopped with the cessation of oil export business and the reduction of extraction, while they are now trying to guarantee the payment of their dues and wages in the event that the oil and gas law was enacted and also in If the oil export through Turkey resumes, or if the suspension continues for a longer period.
The official of the Foreign Relations Office of the Kurdistan Regional Government, Sven Dizyi, said on Tuesday, August 29, that Turkey supports the export of Kurdistan's oil, noting that the suspension of the region's oil exports "caused financial losses of more than $5 billion to the government."
Source / Baghdad Today Agency