- Today 18:14
Prime Minister Muhammad Shiaa Al-Sudani announced, on Thursday, that Iraq is awaiting the position of the Turkish side to resume the export of crude through the Kurdistan region, stressing the existence of a serious desire to invest in Iraqi gas.
Al-Sudani said in a press interview he conducted with the American Bloomberg News channel in New York, “Iraq is committed to the agreements with the OPEC and OPEC+ countries, in a way that preserves the interests of producers and consumers, and Iraqi production capabilities will be part of these understandings.”
He added, we will direct part of our oil production to operate refineries outside Iraq, and we discussed this matter with Bulgaria, and there are refineries in China and Malaysia. We are seeking a reasonable price for oil that guarantees the interests of producers and consumers. We do not have a fixed price, and we believe that the appropriate price is not less than $85-90 per barrel. He pointed out that Iraq has “11 fields and exploration blocks for natural gas, and we are serious about investing in it.”
Al-Sawani continued, “We have fields announced within the sixth round of natural gas investment, and there is another round of fields being developed, and Iraq will be an active country in the gas market,” noting that Iraq is awaiting the actions of the Turkish side to resume exports via the Turkish line, especially oil produced in the Kurdistan region of Iraq, It will be within the general policy of the state.”
He pointed out that “there are mutual complaints in the International Court of Arbitration, but we are negotiating with the Turkish side to separate the export appeal from the legal issues in the court.” He stressed that stopping exports harms all parties, including the Turkish side, which Depends on the tariff of the export pipeline. Ended / 25 hours
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