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Experts: Statements by the Turkish Energy Minister regarding the return of oil exports {political}
The first 10/04/2023
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Sulaymaniyah: Karim Al-Ansari
The reactions of politicians, economists, and analysts in the Kurdistan region varied regarding the recent statement by Turkish Energy Minister Alp Arslan Bayraktar, regarding the readiness of the oil pipeline between Iraq and Turkey to resume its work during the current week, indicating that the statement will not be the last. Economic expert Kovind Sherwani said in an interview with “Al-Sabah”: “According to the agreement between the federal government and the regional government last April and Articles 12 and 13 of the federal budget articles, all oil export revenues from the region and some Kirkuk fields after they are marketed through the SOMO company.” It will go to the Ministry of Finance, and then send a 12.6% share of the region’s entitlement.”
Sherwani saw that “whether this quantity is exported or not, or the 400,000 barrels are used for internal consumption, the region’s entitlement will remain constant according to the aforementioned numbers,” adding that “the oil export has no relation to the salaries of the region’s employees, but there are some different interpretations regarding the calculation of this percentage.” Is it from the general budget or actual expenditures?” He explained, “The difference in interpretation led to a delay in sending financial payments to the region. To avoid any problems and for the purpose of saving time and not delaying employee dues, it was agreed to send the final payments, 2.1 trillion dinars, in the form of advances.” Or loans to the region, until the mechanism for calculating the region’s share of the budget and the cash payments due each month.”
While political affairs researcher Jawad Malikshahi pointed out that "exporting the Kurdistan region's oil is important for Turkey, Iraq, the region, and the oil companies operating there."
Speaking to Al-Sabah, Malakshahi expected that “exports will take place soon after Turkey ends its procrastination aimed at evading the fine imposed by the French Arbitration Court,” explaining that “the quantities exported through SOMO are 400 thousand barrels per day, and a portion of the imports will be for oil companies in The region, and the remaining dues to the region will be paid from the general budget, in the absence of political differences, and what remains will go to the federal treasury.”
Meanwhile, Bahjat Ahmed, a member of the Kurdistan Union for Energy Affairs, pointed out that “the Turkish Minister of Energy’s statement is not new, as he previously announced the readiness of the oil pipeline after examining it completely a short time ago.”
Ahmed told “Al-Sabah”: “Bayraktar’s statement is more political than technical. Turkey is striving, especially after the legislation of the federal budget law, in order to resume oil exports, reach its goals, and put pressure on the federal government to implement its demands,” indicating that “the federal government has, until now, as I previously stated that it did not yield to Turkish demands to resume exporting the region’s oil.” The member of the Kurdistan Union noted that “there are several obstacles to resuming oil exports, the most important of which is paying the debts of companies operating in the region’s fields that have confirmed the cessation of their activities unless they receive their debts from the regional government, or part of them, with guarantees that they will receive the rest,” indicating that “according to the federal budget law, all The revenues return to the Federal Ministry of Finance, with the regional government receiving its share of the finances directly.”
Edited by: Ali Abdel Khaleq
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