Erbil is "desperate" to export oil through Ceyhan and companies are besieging the region with "debts"[You must be registered and logged in to see this link.] |Today[You must be registered and logged in to see this image.]
Baghdad today - Erbil
Oil expert Bahjat Ahmed said today, Tuesday (October 3, 2023), that the hope of resuming the export of Kurdistan’s oil through the Turkish port of Ceyhan has become weak.
On (March 25, 2023), Iraq won an arbitration case filed before the arbitration panel of the International Chamber of Commerce in Paris against Ankara regarding the export of crude oil from the Kurdistan region through the Turkish port of Ceyhan without referring to the Iraqi oil marketing company “SOMO.”
Ahmed said in an interview with “Baghdad Today” that “there are several reasons why the resumption of oil exports is very weak, and the Turkish Minister of Energy’s statement is more political than technical,” pointing out that the Turkish Minister of Energy’s statement aims to put more pressure on the Iraqi government in order to force the government’s return to the table. Negotiations, and that the Kurdistan-Ceyhan oil line stopped only 24 hours after the earthquake last February, due to minor damage to one of the six pumping stations inside Turkey, which were repaired.”
The expert continues, “The serious problem facing the resumption of oil exports to the region is the request of the oil companies operating in the region for their financial dues from the regional government. The companies have not received those dues for about a year, and they confirm that production will not resume until after receiving their debts owed by the regional government.”
He pointed out, "The lack of agreement between the federal and regional governments regarding the draft federal oil and gas law is considered one of the major obstacles for the federal government to reach an agreement with Turkey."
Yesterday, Monday (October 2, 2023), Turkey said that the Iraqi oil pipeline, which stopped operating in March due to complex disputes over payments related to the Kurdistan region of Iraq, will resume pumping crude this week.
Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in compensation to Baghdad for transporting oil from the Kurdistan region without the approval of the Iraqi government.
Turkish Energy Minister Alp Arslan Bayraktar told an energy forum in Abu Dhabi that the dispute has been settled and “we will start operating (the pipeline) this week,” without revealing the details of the agreement.
Turkey previously said it was carrying out repairs to its section of the oil pipeline following the devastating earthquake in February.
Source: Baghdad Al-Youm + Anatolia