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Parliamentary Oil: Federal Court decisions are binding on everyone
Iraq 09/21/2023
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Baghdad: Shaima Rasheed
The Parliamentary Oil and Gas Committee saw that the region is the first loser in the process of stopping oil exports through Turkey and has no choice but to abide by the decisions of the Federal Court. Committee member Bassem Al-Gharibawi said in an interview with Al-Sabah: Negotiations are still ongoing between Iraq and the Turkish side, especially in the export of oil, noting that the Turkish side is still procrastinating under pretexts including the occurrence of earthquakes and the necessity of maintaining the pipeline, and this matter will hinder the export process. He pointed out that the Turkish side does not wish to pay the amounts imposed on it by the International Court, amounting to one billion and 500 million dollars, and these are fines imposed on it, indicating the existence of unannounced agreements between the region and Turkey regarding the export of oil as well as the issue of oil export prices. Al-Gharibawi pointed out that The decision of the Federal Court that restricted the export of oil according to the instructions of the Federal Ministry of Oil represented by the oil company “SOMO”, stressing that these restrictions, which the region refuses to implement, hinder the process of exporting oil.
Edited by: Adhraa Juma
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