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Report: The resumption of exporting "Ceyhan Oil" awaits Erdogan's visit to Baghdad
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Economy News _ Baghdad
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Added 09/07/2023 - 12:03 PM
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Economy News _ Baghdad
The Hellenic Shipping News website, which specializes in shipping news, reported that Iraqi oil flows to Turkey are not expected to resume before October, as Turkish President Recep Tayyip Erdogan is likely to visit Baghdad, after postponing the visit that was scheduled for last August.
And the Cyprus-based site quoted, in a report, informed sources as saying, “Turkey had stopped oil export flows from Iraqi Kurdistan on March 25, after a decision by the International Chamber of Commerce Court ordered Ankara to pay compensation to Baghdad in the amount of $ 1.5 billion for Exports by the Kurdistan Regional Government between 2014 and 2018.
The report also indicated that "Iraq submitted, in April, a petition to a US federal court to implement the arbitration decision issued by the International Chamber of Commerce Court."
According to the same informed sources, “the lack of progress in settling this lawsuit was one of the reasons behind the postponement of Erdogan’s visit in August.”
The report quoted a prominent Turkish official as saying, “Erdogan still intends to visit Baghdad and” wants to sign an agreement, but “so far, the expected concrete steps have not been taken by Iraq,” which led to slow progress on this file.
According to the same source, one of the steps that Ankara hopes to take is to stop the US litigation procedures, and as a result, Erdogan's visit is scheduled to take place in October.
The report also quoted another official source in the Iraqi Foreign Ministry as saying, "Until now, we have not received a specific timetable from Ankara regarding the expected date for the Turkish president's arrival in Baghdad."
But the Iraqi official said, "The visit may be at the end of this month, or most likely in October, according to the success of the developments related to the talks on energy issues, which require longer than expected due to multiple thorny issues."
For his part, an Iraqi oil official familiar with the talks said that energy officials in Baghdad and Ankara are "holding complex discussions" and that the resumption of oil flows is "the most difficult issue," adding that it is "unlikely" to resume flows this month.
Two Iraqi oil officials familiar with the talks said that Turkey is also trying to reach a settlement in order to limit the damages represented in paying Iraq under the arbitration of the international court.
The report indicated that Iraqi sources had previously said that Turkey wanted Iraq to drop a second arbitration case on exports covering the period from 2018 onwards.
The report pointed out that the Turkish Energy Ministry did not respond to the news site's requests for comment.
The report also mentioned that two well-informed sources said recently that the Kurdistan Regional Government has lost about 4 billion dollars since the cessation of oil flows to the Turkish port of Ceyhan through a pipeline.
And the Cyprus-based site quoted, in a report, informed sources as saying, “Turkey had stopped oil export flows from Iraqi Kurdistan on March 25, after a decision by the International Chamber of Commerce Court ordered Ankara to pay compensation to Baghdad in the amount of $ 1.5 billion for Exports by the Kurdistan Regional Government between 2014 and 2018.
The report also indicated that "Iraq submitted, in April, a petition to a US federal court to implement the arbitration decision issued by the International Chamber of Commerce Court."
According to the same informed sources, “the lack of progress in settling this lawsuit was one of the reasons behind the postponement of Erdogan’s visit in August.”
The report quoted a prominent Turkish official as saying, “Erdogan still intends to visit Baghdad and” wants to sign an agreement, but “so far, the expected concrete steps have not been taken by Iraq,” which led to slow progress on this file.
According to the same source, one of the steps that Ankara hopes to take is to stop the US litigation procedures, and as a result, Erdogan's visit is scheduled to take place in October.
The report also quoted another official source in the Iraqi Foreign Ministry as saying, "Until now, we have not received a specific timetable from Ankara regarding the expected date for the Turkish president's arrival in Baghdad."
But the Iraqi official said, "The visit may be at the end of this month, or most likely in October, according to the success of the developments related to the talks on energy issues, which require longer than expected due to multiple thorny issues."
For his part, an Iraqi oil official familiar with the talks said that energy officials in Baghdad and Ankara are "holding complex discussions" and that the resumption of oil flows is "the most difficult issue," adding that it is "unlikely" to resume flows this month.
Two Iraqi oil officials familiar with the talks said that Turkey is also trying to reach a settlement in order to limit the damages represented in paying Iraq under the arbitration of the international court.
The report indicated that Iraqi sources had previously said that Turkey wanted Iraq to drop a second arbitration case on exports covering the period from 2018 onwards.
The report pointed out that the Turkish Energy Ministry did not respond to the news site's requests for comment.
The report also mentioned that two well-informed sources said recently that the Kurdistan Regional Government has lost about 4 billion dollars since the cessation of oil flows to the Turkish port of Ceyhan through a pipeline.
Views 14
Added 09/07/2023 - 12:03 PM
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