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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Kurdistan will soon finance "Israel" with oil... Figures reveal what is hidden and questions about B

    Rocky
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    Kurdistan will soon finance "Israel" with oil... Figures reveal what is hidden and questions about B Empty Kurdistan will soon finance "Israel" with oil... Figures reveal what is hidden and questions about B

    Post by Rocky Tue 14 Nov 2023, 3:55 am

    [size=35][size=35]Kurdistan will soon finance "Israel" with oil... Figures reveal what is hidden and questions about Baghdad's position[/size]
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    [/size]

    Economy

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    2023-11-14 | 03:03
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    [/size]

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    Alsumaria News - Economy

    In his recent visit to Erbil (the capital of the Kurdistan Region), yesterday, last Sunday, November 12, 2023, Iraqi Oil Minister Hayan Abdul Ghani expected to reach an agreement with the Kurdistan Regional Government and foreign oil companies, to resume oil production from fields. The region's oil in the coming days, and Israel is considered the biggest beneficiary of this if it happens. We will reveal this in numbers.


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    The Minister of Oil stressed - during a visit to Erbil (the capital of the region) - the keenness to resume production and exports from the region’s fields “due to the importance of this in supplementing the federal budget with financial revenues,” expecting “to Reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from oil fields.” region within three days.



    Last Friday, the Norwegian oil company DNO announced that it would refrain from producing oil and exporting it via pipelines in the region.[You must be registered and logged in to see this link.]Until the problem of late payments estimated at $1 billion is resolved.

    On Sunday, Abdul Ghani and senior federal oil officials began meetings with officials in the Ministry of Natural Resources and officials from the energy sector in the region.[You must be registered and logged in to see this link.]To discuss the situation.

    Abdul Ghani told reporters in Erbil, "The purpose of this visit is to resolve all matters that would facilitate the process of production and export of oil." He considered that "the visit comes as a continuation of the discussions that took place in...[You must be registered and logged in to see this link.]To discuss the resumption of production operations and oil exports from the region’s fields due to the importance of this in supplying the federal budget with financial revenues.” He added, “The first step is to agree with the companies and the region on adapting these existing contracts to be compatible with the Iraqi constitution.” Oil export revenues represent about 80% of the annual budget

    . to[url=https://www.alsumaria.tv/Entity/133481/%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A5%D9%82%D9%84%D9%8A%D9%85 %D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86/ar/]Kurdistan Regional Government[/url]The Iraqi economy depends heavily on crude oil exports, which constitute more than 90% of the country's revenues.

    **[You must be registered and logged in to see this link.]Won an international resolution against[You must be registered and logged in to see this link.]
    On March 25, 2023, oil exports stopped[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]To the Turkish port of Ceyhan via pipelines - which usually connect there and then are carried by giant tankers to various regions - following a ruling by the International Chamber of Commerce in France, for violating the 1973 pipeline agreement by allowing the export of the region’s oil without approval.[You must be registered and logged in to see this link.]Between 2014 and 2018.

    The Iraqi authorities had filed a lawsuit accusing her[You must be registered and logged in to see this link.]Obtaining crude oil from the region[You must be registered and logged in to see this link.]Without its approval, which the International Chamber of Commerce based its ruling to stop exports.

    The chamber's decision led to the interruption of supplies amounting to about 450,000 barrels per day of crude oil, which were coming from areas under the control of...[url=https://www.alsumaria.tv/Entity/133481/%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A5%D9%82%D9%84%D9%8A%D9%85 %D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86/ar/]Kurdistan Regional Government[/url]In addition to the 70,000 barrels per day marketed by the federal government in...[You must be registered and logged in to see this link.]

    At the same time, hold on[You must be registered and logged in to see this link.]Obtaining huge compensation from[You must be registered and logged in to see this link.], amounting to about $1.47 billion, in compensation for Ankara’s violation of the bilateral pipeline deal.

    The oil pipeline, which extends from the Iraqi region of Kirkuk to the port of Ceyhan, is the only export route for crude produced by the oil fields in northern...[You must be registered and logged in to see this link.].

    Government officials working in the Iraqi oil sector met with representatives of the Oil Industry Association in[You must be registered and logged in to see this link.](Apicor) for the first time last Wednesday, to discuss the resumption of exports to...[You must be registered and logged in to see this link.]

    The Petroleum Industry Association reported[You must be registered and logged in to see this link.](Epicure), that close[You must be registered and logged in to see this link.]For the pipeline linking it to[You must be registered and logged in to see this link.]Last March, he made[You must be registered and logged in to see this link.]And[url=https://www.alsumaria.tv/Entity/133481/%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A5%D9%82%D9%84%D9%8A%D9%85 %D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86/ar/]Kurdistan Regional Government[/url]And oil producers all lose about $7 billion in export revenues. 

    The association includes international oil and gas companies that have a direct or indirect interest in oil and gas contracts in the region[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]. A large number of these companies were forced to stop production due to the closure of the pipeline.

    "[You must be registered and logged in to see this link.]“The biggest beneficiary
    is imports.”[You must be registered and logged in to see this link.]“From oil[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]An important part of meeting local demand and securing supplies, in light of the growing demand for energy sources, and it is known that[url=https://www.alsumaria.tv/Entity/133481/%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A5%D9%82%D9%84%D9%8A%D9%85 %D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86/ar/]Kurdistan Regional Government[/url] [You must be registered and logged in to see this link.]Export mix[You must be registered and logged in to see this link.], known as “KPT”, via the Turkish port of Ceyhan.

    Imports amounted to[You must be registered and logged in to see this link.]“From oil[You must be registered and logged in to see this link.]Nearly 167,000 barrels per day in March 2023, according to data analysis firm Kpler.



    [You must be registered and logged in to see this image.]



    it seems that "[You must be registered and logged in to see this link.]“I faced a dilemma resulting from stopping oil exports[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]via[You must be registered and logged in to see this link.]During the past months, after ruling[url=https://www.alsumaria.tv/Entity/4156267480/%D9%85%D8%AD%D9%83%D9%85%D8%A9 %D8%A7%D9%84%D8%AA%D8%AD%D9%83%D9%8A%D9%85 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9/ar/]International Court of Arbitration[/url]Affiliated with the International Chamber of Commerce - headquartered in Paris - for[You must be registered and logged in to see this link.]After a dispute between the two countries that lasted for 9 years.

    Regarding the fate of imports,[You must be registered and logged in to see this link.]“From oil[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]Humayun Falakshahi, chief commodity analyst at Kpler data analysis firm, said earlier: “Imported[You must be registered and logged in to see this link.]40% of the oil is from the region[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]Since the beginning of the year until March, an increase from 23% in 2022.” Falakshahi believes that it is important[You must be registered and logged in to see this link.]To search for an alternative to raw materials[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]It will not be easy for technical and political reasons, according to what was reported by the specialized energy platform.

    *Opposition in[You must be registered and logged in to see this link.]
    On a related note, officials in...[You must be registered and logged in to see this link.]Export oil[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]to "[You must be registered and logged in to see this link.]During the year 2022, the Iraqi Parliament passed a law criminalizing normalization and establishing relations with...[You must be registered and logged in to see this link.]"

    Although"[You must be registered and logged in to see this link.]“It imports crude oil from several countries, such as Azerbaijan, Kazakhstan, Nigeria, Brazil, and others, so it is unlikely to replace oil supplies.”[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]Other types immediately.

    With regard to imports[You must be registered and logged in to see this link.]Of Azerbaijani and Kazakh oil, Falakshahi said that he does not expect a noticeable increase in their exports, attributing this to the limited untapped capabilities in Azerbaijan, and the difference in the quality of Kazakh oil compared to[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url].

    He added that it could[You must be registered and logged in to see this link.]Resorting to other countries, such as Brazil and the United States, but they will face several obstacles, the most important of which are prices, shipping costs, and the quality of the crude. He went on to explain: “Whatever the alternative is to imports.”[You must be registered and logged in to see this link.]Of oil[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]It will be more expensive due to higher shipping costs and higher crude prices compared to oil[url=https://www.alsumaria.tv/Entity/48161/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Kurdstan Iraq[/url]Cheap. 

    *oil in "[You must be registered and logged in to see this link.]
    On the other hand, I was exhausted.”[You must be registered and logged in to see this link.]“Approximately 210 thousand barrels of oil per day in recent years, according to data from the British oil company BP.

    Turkey is the primary source of crude oil shipments to Israel, which come via pipelines from Azerbaijan and Iraq, specifically from the Kurdistan region of Iraq. Nigeria, Kazakhstan, Brazil and Gabon are also among the major exporters to Israel.

    *Israel's imports of Iraqi Kurdistan's oil
    have been the subject of widespread controversy over the past years, since Forbes magazine revealed in June 2014 the sale of Iraqi Kurdistan's oil to Israel, with the appearance of a tanker carrying Oil from the port of Ceyhan is docked in the city of Ashkelon.

    The Financial Times also published a report in August 2015, stating that Israel imported approximately 77% of its oil supplies from the Kurdistan region of Iraq. During the period from May to August 11 (2015), Israel’s imports of Iraqi Kurdistan oil amounted to about 19 million barrels.

    The report indicated that all Iraqi Kurdistan oil exports through the Ceyhan Turki port headed to Israel, and the value of the transactions amounted to about one billion dollars.

    Exporting Iraqi Kurdistan oil through the port of Ceyhan is important for “Israel,” especially since tankers take only a day to sail to reach the port of Ashkelon, according to the platform.

    *Iraqi Kurdistan Oil
    The Iraqi Kurdistan Regional Government sold 12 million and 255 thousand barrels of oil during the month of December (2022), according to data published by the Kurdish website “Drew Media” in January (2023).

    Of this quantity, the region sold 4 million and 450 thousand barrels to “Israel”, equivalent to 38% of the oil sold during the end of last year (2022). While Croatia bought 2.23 million barrels, equivalent to about 18% of the Iraqi Kurdistan region’s oil, and Italy’s purchases amounted to 1.7 million barrels, equivalent to 14%.

    Taiwan bought 2 million barrels from the Iraqi Kurdistan region, and China's imports of Iraqi Kurdistan oil amounted to 1.25 million barrels, while exports to Romania amounted to 650 thousand barrels.

    In the event that an agreement is reached with the Kurdistan Regional Government and foreign oil companies to resume oil production from the region’s oil fields, the Baghdad government must state its position on the oil going to “Israel,” coinciding with the current events in occupied Palestine.

    This comes as the occupation army continues for the 39th day a devastating war on Gaza, leaving 11,240 martyrs, including 4,630 children and 3,130 women, in addition to 29,000 injured, 70% of whom are children and women, according to official Palestinian sources on Monday evening.
    [You must be registered and logged in to see this link.]
    While Hamas killed 1,200 Israelis and wounded 5,431, according to official Israeli sources. It also captured about 242 Israelis, including high-ranking military personnel, and the movement wants to exchange them with more than 7,000 Palestinian prisoners, including children and women, in “Israel” prisons. Since the outbreak of the war, “Israel” has been cutting off the supplies of water, food, medicine, electricity, and fuel to the residents of Gaza

    . They are about 2.3 million Palestinians who already suffer from extremely deteriorating conditions. As a result of an ongoing Israeli siege since Hamas won the legislative elections in 2006. 

      Current date/time is Wed 27 Nov 2024, 12:33 am