[size=35][size=35]“Chronic” obstacles stop the return of Iraqi Kurdistan oil to Turkey... “huge” financial losses[/size][/size]
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2023-11-26 | 03:55
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Alsumaria News - Economy
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Despite much talk about the imminent resumption of Kurdistan oil exports for months; This process may not happen soon, given the huge obstacles standing in the way of return, according to an analysis published on the website of the energy research company Wood Mackenzie.
The Turkish government’s recent statements herald the imminent resumption of Iraqi Kurdistan oil export flows to Turkey via the pipeline linking to the Turkish port of Ceyhan, but until that happens; A group of political and trade issues and dilemmas between the two countries must be resolved, according to the analysis reported by the Energy Research Unit.
Historical background to the Iraq-Turkey pipeline
There is a long history of conflict over control of oil production, exports and revenues between the Iraqi national authorities and the autonomous [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 northern Iraq.
The oil pipeline extending from the fields of the city of Kirkuk to the port of Ceyhan, also known as the (Iraq-Turkey) pipeline, entered the framework of the simmering conflict between the federal government and the regional government over the past decade. Which led to exposing Iraqi oil exports to Turkey to a state of severe tension, especially during recent years.
In order to understand the story of this line, It is inevitable to go back to history a little, starting in 1973, which witnessed an agreement reached between Turkey and Iraq to extend a pipeline from the Kirkuk fields to the port of Ceyhan on the Mediterranean Sea.
The pipeline consists of two pipes; One is 40 inches in diameter and the other increases to 46 inches. The first line was commissioned in 1977, while the other was commissioned a decade later, according to Wood Mackenzie's analysis.
The 40-inch pipeline was later damaged as it fell into disuse, and then in 2010, an amendment to the original agreement was signed by both parties that stipulated that the remaining pipeline would be used to transport, load and store Iraqi crude oil.
At the same time, because the second pipeline was not operational; The agreement was temporarily suspended until guarantees were made that Iraq would send the minimum amount of oil through the pipeline network.
Why and when did the pipeline close?
In 2013, the KRG built a branch line from the abandoned 40-inch pipeline and began exporting oil through it from the Khurmala, Tawki, and Sheikhan fields under its control.
This angered the Iraqi federal government on the grounds that the Kurdistan region does not have the right to export its oil through Turkey, and that doing so constitutes a violation of the terms of the original agreement. Which led to the outbreak of a legal battle between [You must be registered and logged in to see this link.] and Ankara that lasted 9 years.
In March 2023, the International Arbitration Court in Paris issued a ruling in favor of the federal government, which Turkey recognized and the pipeline from which it received Iraqi Kurdistan's oil exports was immediately closed.
As a result, Kurdistan's oil storage facilities quickly became full; This harmed operators and international oil companies operating in the region, forcing them to reduce production as the local market became saturated.
The international ruling obligated Turkey to pay compensation to the federal government of Iraq amounting to $1.5 billion for Iraqi Kurdistan oil exports that arrived at the Turkish port of Ceyhan without [You must be registered and logged in to see this link.]’s approval during the period from 2014 to 2018. How did the Kurdistan region and Iraq react
?
The significant decline in Iraqi Kurdistan's oil production has put the regional government's financial resources under unprecedented pressure; This forced it, in April 2023, to announce its approval to sell oil from the fields under its control through the [url=https://www.alsumaria.tv/Entity/2333629547/%D8%B4%D8%B1%D9%83%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7 %D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9 %D9%84%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D9%82/ar/]Iraqi State Oil Marketing Company[/url] (SOMO).
This agreement stipulated that the proceeds of the sale be deposited in a bank account controlled by the Kurds, but under the eyes of the Iraqi federal government.
In June 2023, a new law was passed that significantly reduced the KRG's control over oil sales revenues and obligated Erbil to deliver 400,000 barrels per day of crude oil to [You must be registered and logged in to see this link.] so that it could receive a share of Iraq's federal budget.
The regional government complied with this requirement only partially and reluctantly. It initially delivered 50,000 barrels per day, which then increased to 200,000 barrels per day in August 2023.
In exchange for this, the Iraqi government expressed its approval for temporary and limited funding for a period of 3 months for the Kurdistan region worth $538 million, which was enough to pay salaries of civil servants, but left the core issues in the dispute over resources unresolved.
What is the current situation?
There is significant progress in recent talks between the Iraqi Oil Marketing Company "SOMO", the [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 the Turkish State Pipeline Company "Botash" towards the return of Iraqi Kurdistan's oil exports to Turkey by reopening the closed pipeline.
Issues under negotiation included pipeline fees, the quality and quantity of oil exports, minimum throughput, and compensation that Turkey must pay ($1.5 billion) for Iraqi Kurdistan's oil exports that it received without [You must be registered and logged in to see this link.]'s approval between 2014 and 2018.
Talks to resume Iraqi Kurdistan oil exports to Turkey need to resolve a number of chronic political and trade issues in order for pipelines to reopen again in a sustainable manner, according to Wood Mackenzie analyst Alexander Araman, who specializes in the Middle East.
The first of these issues that need to be resolved concerns oil merchants who purchase Kurdish oil. The Iraqi Oil Marketing Company "SOMO" must sign new contracts with them despite its ability to resume exports and sell spot shipments without agreeing with them.
Legal issues must also be settled between Ankara and [You must be registered and logged in to see this link.] and future terms and fees for the pipeline must be approved, in addition to an agreement on how the Iraqi federal government will pay the revenues from the sale of Iraqi Kurdistan’s oil to the regional government, according to the analyst.
Disagreements over international oil company agreements.
Resolving these issues could allow the resumption of Iraqi Kurdistan’s oil exports to Turkey in a sustainable manner, and could also give confidence to international oil companies operating in the region.
These companies were forced to reduce their production significantly since the closure of the export pipeline after international arbitration issued in favor of the federal government, in addition to suffering from delayed payment of their dues to the Kurdistan government.
The last time oil companies operating in the region received a payment of their dues was in March 2023, in exchange for oil produced in September 2022. The governments
in [You must be registered and logged in to see this link.] and Erbil state that they respect the contractual rights concluded with foreign companies, but there are disagreements over how to pay. Financial arrears of $1 billion for oil already sold and delivered.
There are also disagreements about how to pay future dues in the new situation, as the Iraqi government is demanding that production-sharing agreements previously concluded with companies be amended and converted into profit-sharing contracts, according to Iraqi Oil Minister Hayyan Abdul-Ghani.
The new Iraqi law stipulates that international oil companies operating in the Kurdistan region pay $6 per barrel, equivalent to the average cost of oil produced in other private regions of Iraq to the federal government.
Estimates from the Petroleum Industry Association indicate[You must be registered and logged in to see this link.](APIKUR) has led to losses estimated at about $7 billion in export revenues since the closure of the pipeline and the cessation of 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]to[You must be registered and logged in to see this link.]In March 2023.
This association represents several five oil companies operating in the region, most notably the Norwegian oil company DNO, the Canadian ShaMaran Petroleum, and Gulf Keystone Petroleum.[url=https://www.alsumaria.tv/Entity/1092887327/Gulf Keystone Petroleum/ar/]Gulf Keystone Petroleum[/url]" listed on the London Stock Exchange, according to detailed data monitored by the Energy Research Unit.
Expectations for the resumption of flows with a smaller amount
have been raised[You must be registered and logged in to see this link.]It imposed force majeure for technical reasons and reopened the pipeline, so it could begin charging the Iraqi government for pipeline tariffs under the terms of the agreement's amendment in 2010. Total fees are estimated at about $25 million per month
; This may provide an incentive for the Iraqi government to settle compensation claims with[You must be registered and logged in to see this link.]And solving budget problems and sharing revenues with the government[You must be registered and logged in to see this link.]And then the return of Kurdistan oil exports to[You must be registered and logged in to see this link.].
Estimates from the Petroleum Industry Association indicate[You must be registered and logged in to see this link.]The Iraqi government incurs more than a million dollars a day in fines for...[You must be registered and logged in to see this link.]As a result of its failure to fulfill the obligations of the pipeline agreement with Ankara.
An analyst suggests[url=https://www.alsumaria.tv/Entity/2495705463/%D9%88%D9%88%D8%AF %D9%85%D8%A7%D9%83%D9%86%D8%B2%D9%8A/ar/]Wood Mackenzie[/url]Alex Araman, Return Pipeline[You must be registered and logged in to see this link.]--[You must be registered and logged in to see this link.]To operate at half its capacity recorded in January 2023, amounting to 500 thousand barrels per day; That is equivalent to 250 thousand barrels per day.
It is expected that most of the oil exports will come from[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.]-After the appeal- from the Khurmala field area operated by the local company KAR Group.”[url=https://www.alsumaria.tv/Entity/2739750573/KAR Group/ar/]KAR Group[/url]", equivalent to 130 thousand barrels per day.
While another 100 thousand barrels per day will come from the fields it operates.[url=https://www.alsumaria.tv/Entity/2064508596/%D8%B4%D8%B1%D9%83%D8%A9 %D9%86%D9%81%D8%B7/ar/]oil company[/url]North Oil Company. As for foreign companies, it is expected that they will refrain from pumping quantities until the payment guarantees and dues are clear, according to an analyst.[url=https://magnetrack.klangoo.com/v1.1/track.ashx?e=AP_ITE_CLK&p=474669_1&d=2495705463&c=087f73ce-9cc0-4b7a-8f94-863bed009347&u=87910c8d-fdb3-4435-8ece-61c4c81adaad&l=https%3A%2F%2Fwww.alsumaria.tv%2Fnews%2Feconomy%2F474669%2F%D8%B9%D9%82%D8%A8%D8%A7%D8%AA-%D9%85%D8%B2%D9%85%D9%86%D8%A9-%D8%AA%D9%88%D9%82%D9%81-%D8%B9%D9%88%D8%AF%D8%A9-%D9%86%D9%81%D8%B7-%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-%D8%A5%D9%84%D9%89-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%AE%D8%B3%D8%A7%D8%A6%D8%B1-%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%85%D9%87%D9%88%D9%84%D8%A9&redir=https%3A%2F%2Fwww.alsumaria.tv%2FEntity%2F2495705463%2F%D9%88%D9%88%D8%AF %D9%85%D8%A7%D9%83%D9%86%D8%B2%D9%8A%2Far%2F%3Futm_campaign%3Dmagnet%26utm_source%3Darticle_page%26utm_medium%3Dintext_entity]Wood Mackenzie[/url].
Source: Energy Research Unit
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Economy
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2023-11-26 | 03:55
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816 views
Alsumaria News - Economy
The issue of resuming Iraqi Kurdistan's oil exports to Turkey has captured the attention of energy experts and observers of oil markets in the Middle East since they were interrupted 7 months ago due to an international ruling against the Kurdistan Regional Government.
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0 seconds of 0 seconds Volume 0%
[/ltr]
Despite much talk about the imminent resumption of Kurdistan oil exports for months; This process may not happen soon, given the huge obstacles standing in the way of return, according to an analysis published on the website of the energy research company Wood Mackenzie.
The Turkish government’s recent statements herald the imminent resumption of Iraqi Kurdistan oil export flows to Turkey via the pipeline linking to the Turkish port of Ceyhan, but until that happens; A group of political and trade issues and dilemmas between the two countries must be resolved, according to the analysis reported by the Energy Research Unit.
Historical background to the Iraq-Turkey pipeline
There is a long history of conflict over control of oil production, exports and revenues between the Iraqi national authorities and the autonomous [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 northern Iraq.
The oil pipeline extending from the fields of the city of Kirkuk to the port of Ceyhan, also known as the (Iraq-Turkey) pipeline, entered the framework of the simmering conflict between the federal government and the regional government over the past decade. Which led to exposing Iraqi oil exports to Turkey to a state of severe tension, especially during recent years.
In order to understand the story of this line, It is inevitable to go back to history a little, starting in 1973, which witnessed an agreement reached between Turkey and Iraq to extend a pipeline from the Kirkuk fields to the port of Ceyhan on the Mediterranean Sea.
The pipeline consists of two pipes; One is 40 inches in diameter and the other increases to 46 inches. The first line was commissioned in 1977, while the other was commissioned a decade later, according to Wood Mackenzie's analysis.
The 40-inch pipeline was later damaged as it fell into disuse, and then in 2010, an amendment to the original agreement was signed by both parties that stipulated that the remaining pipeline would be used to transport, load and store Iraqi crude oil.
At the same time, because the second pipeline was not operational; The agreement was temporarily suspended until guarantees were made that Iraq would send the minimum amount of oil through the pipeline network.
Why and when did the pipeline close?
In 2013, the KRG built a branch line from the abandoned 40-inch pipeline and began exporting oil through it from the Khurmala, Tawki, and Sheikhan fields under its control.
This angered the Iraqi federal government on the grounds that the Kurdistan region does not have the right to export its oil through Turkey, and that doing so constitutes a violation of the terms of the original agreement. Which led to the outbreak of a legal battle between [You must be registered and logged in to see this link.] and Ankara that lasted 9 years.
In March 2023, the International Arbitration Court in Paris issued a ruling in favor of the federal government, which Turkey recognized and the pipeline from which it received Iraqi Kurdistan's oil exports was immediately closed.
As a result, Kurdistan's oil storage facilities quickly became full; This harmed operators and international oil companies operating in the region, forcing them to reduce production as the local market became saturated.
The international ruling obligated Turkey to pay compensation to the federal government of Iraq amounting to $1.5 billion for Iraqi Kurdistan oil exports that arrived at the Turkish port of Ceyhan without [You must be registered and logged in to see this link.]’s approval during the period from 2014 to 2018. How did the Kurdistan region and Iraq react
?
The significant decline in Iraqi Kurdistan's oil production has put the regional government's financial resources under unprecedented pressure; This forced it, in April 2023, to announce its approval to sell oil from the fields under its control through the [url=https://www.alsumaria.tv/Entity/2333629547/%D8%B4%D8%B1%D9%83%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7 %D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9 %D9%84%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D9%82/ar/]Iraqi State Oil Marketing Company[/url] (SOMO).
This agreement stipulated that the proceeds of the sale be deposited in a bank account controlled by the Kurds, but under the eyes of the Iraqi federal government.
In June 2023, a new law was passed that significantly reduced the KRG's control over oil sales revenues and obligated Erbil to deliver 400,000 barrels per day of crude oil to [You must be registered and logged in to see this link.] so that it could receive a share of Iraq's federal budget.
The regional government complied with this requirement only partially and reluctantly. It initially delivered 50,000 barrels per day, which then increased to 200,000 barrels per day in August 2023.
In exchange for this, the Iraqi government expressed its approval for temporary and limited funding for a period of 3 months for the Kurdistan region worth $538 million, which was enough to pay salaries of civil servants, but left the core issues in the dispute over resources unresolved.
What is the current situation?
There is significant progress in recent talks between the Iraqi Oil Marketing Company "SOMO", the [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 the Turkish State Pipeline Company "Botash" towards the return of Iraqi Kurdistan's oil exports to Turkey by reopening the closed pipeline.
Issues under negotiation included pipeline fees, the quality and quantity of oil exports, minimum throughput, and compensation that Turkey must pay ($1.5 billion) for Iraqi Kurdistan's oil exports that it received without [You must be registered and logged in to see this link.]'s approval between 2014 and 2018.
Talks to resume Iraqi Kurdistan oil exports to Turkey need to resolve a number of chronic political and trade issues in order for pipelines to reopen again in a sustainable manner, according to Wood Mackenzie analyst Alexander Araman, who specializes in the Middle East.
The first of these issues that need to be resolved concerns oil merchants who purchase Kurdish oil. The Iraqi Oil Marketing Company "SOMO" must sign new contracts with them despite its ability to resume exports and sell spot shipments without agreeing with them.
Legal issues must also be settled between Ankara and [You must be registered and logged in to see this link.] and future terms and fees for the pipeline must be approved, in addition to an agreement on how the Iraqi federal government will pay the revenues from the sale of Iraqi Kurdistan’s oil to the regional government, according to the analyst.
Disagreements over international oil company agreements.
Resolving these issues could allow the resumption of Iraqi Kurdistan’s oil exports to Turkey in a sustainable manner, and could also give confidence to international oil companies operating in the region.
These companies were forced to reduce their production significantly since the closure of the export pipeline after international arbitration issued in favor of the federal government, in addition to suffering from delayed payment of their dues to the Kurdistan government.
The last time oil companies operating in the region received a payment of their dues was in March 2023, in exchange for oil produced in September 2022. The governments
in [You must be registered and logged in to see this link.] and Erbil state that they respect the contractual rights concluded with foreign companies, but there are disagreements over how to pay. Financial arrears of $1 billion for oil already sold and delivered.
There are also disagreements about how to pay future dues in the new situation, as the Iraqi government is demanding that production-sharing agreements previously concluded with companies be amended and converted into profit-sharing contracts, according to Iraqi Oil Minister Hayyan Abdul-Ghani.
The new Iraqi law stipulates that international oil companies operating in the Kurdistan region pay $6 per barrel, equivalent to the average cost of oil produced in other private regions of Iraq to the federal government.
Estimates from the Petroleum Industry Association indicate[You must be registered and logged in to see this link.](APIKUR) has led to losses estimated at about $7 billion in export revenues since the closure of the pipeline and the cessation of 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]to[You must be registered and logged in to see this link.]In March 2023.
This association represents several five oil companies operating in the region, most notably the Norwegian oil company DNO, the Canadian ShaMaran Petroleum, and Gulf Keystone Petroleum.[url=https://www.alsumaria.tv/Entity/1092887327/Gulf Keystone Petroleum/ar/]Gulf Keystone Petroleum[/url]" listed on the London Stock Exchange, according to detailed data monitored by the Energy Research Unit.
Expectations for the resumption of flows with a smaller amount
have been raised[You must be registered and logged in to see this link.]It imposed force majeure for technical reasons and reopened the pipeline, so it could begin charging the Iraqi government for pipeline tariffs under the terms of the agreement's amendment in 2010. Total fees are estimated at about $25 million per month
; This may provide an incentive for the Iraqi government to settle compensation claims with[You must be registered and logged in to see this link.]And solving budget problems and sharing revenues with the government[You must be registered and logged in to see this link.]And then the return of Kurdistan oil exports to[You must be registered and logged in to see this link.].
Estimates from the Petroleum Industry Association indicate[You must be registered and logged in to see this link.]The Iraqi government incurs more than a million dollars a day in fines for...[You must be registered and logged in to see this link.]As a result of its failure to fulfill the obligations of the pipeline agreement with Ankara.
An analyst suggests[url=https://www.alsumaria.tv/Entity/2495705463/%D9%88%D9%88%D8%AF %D9%85%D8%A7%D9%83%D9%86%D8%B2%D9%8A/ar/]Wood Mackenzie[/url]Alex Araman, Return Pipeline[You must be registered and logged in to see this link.]--[You must be registered and logged in to see this link.]To operate at half its capacity recorded in January 2023, amounting to 500 thousand barrels per day; That is equivalent to 250 thousand barrels per day.
It is expected that most of the oil exports will come from[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.]-After the appeal- from the Khurmala field area operated by the local company KAR Group.”[url=https://www.alsumaria.tv/Entity/2739750573/KAR Group/ar/]KAR Group[/url]", equivalent to 130 thousand barrels per day.
While another 100 thousand barrels per day will come from the fields it operates.[url=https://www.alsumaria.tv/Entity/2064508596/%D8%B4%D8%B1%D9%83%D8%A9 %D9%86%D9%81%D8%B7/ar/]oil company[/url]North Oil Company. As for foreign companies, it is expected that they will refrain from pumping quantities until the payment guarantees and dues are clear, according to an analyst.[url=https://magnetrack.klangoo.com/v1.1/track.ashx?e=AP_ITE_CLK&p=474669_1&d=2495705463&c=087f73ce-9cc0-4b7a-8f94-863bed009347&u=87910c8d-fdb3-4435-8ece-61c4c81adaad&l=https%3A%2F%2Fwww.alsumaria.tv%2Fnews%2Feconomy%2F474669%2F%D8%B9%D9%82%D8%A8%D8%A7%D8%AA-%D9%85%D8%B2%D9%85%D9%86%D8%A9-%D8%AA%D9%88%D9%82%D9%81-%D8%B9%D9%88%D8%AF%D8%A9-%D9%86%D9%81%D8%B7-%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-%D8%A5%D9%84%D9%89-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%AE%D8%B3%D8%A7%D8%A6%D8%B1-%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%85%D9%87%D9%88%D9%84%D8%A9&redir=https%3A%2F%2Fwww.alsumaria.tv%2FEntity%2F2495705463%2F%D9%88%D9%88%D8%AF %D9%85%D8%A7%D9%83%D9%86%D8%B2%D9%8A%2Far%2F%3Futm_campaign%3Dmagnet%26utm_source%3Darticle_page%26utm_medium%3Dintext_entity]Wood Mackenzie[/url].
Source: Energy Research Unit
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» "Our Country's Dream"... Al-Sudani Sends an "Important" Message to Gulf States Regarding the Path to
Today at 5:18 am by Rocky
» 110 thousand barrels is the volume of decrease in Iraqi exports since the beginning of this month
Today at 5:17 am by Rocky
» Economist: Iran's exports to Iraq increased 71-fold in 20 years
Today at 5:16 am by Rocky
» Pezeshkian praises the results of his visit to Iraq
Today at 5:15 am by Rocky
» Al-Sudani: The government seeks to buy services from investors
Today at 5:13 am by Rocky
» Real estate manipulators between the jaws of the "justice pincers"
Today at 5:12 am by Rocky
» Mechanism to resolve tribal conflicts in Maysan
Today at 5:11 am by Rocky
» Decline in Iraqi exports
Today at 5:10 am by Rocky
» Spanish company implements Basra-Shalamcheh railway
Today at 5:08 am by Rocky
» Advisor to the Prime Minister announces to {Sabah} the launch of the {Back to Education} initiative
Today at 5:07 am by Rocky
» Members of the Ministry of Defense in Basra demand the implementation of the allocation of land plot
Today at 5:05 am by Rocky
» The Social Protection Authority calls on its beneficiaries to expedite the issuance of the unified c
Today at 5:04 am by Rocky
» Trade Bank of Iraq announces mechanism for obtaining US dollars for travel purposes abroad
Today at 5:03 am by Rocky
» House of Representatives votes on agricultural land rental bill
Today at 5:01 am by Rocky
» Minister of Trade arrives in Baku at the head of an investment delegation
Today at 4:59 am by Rocky
» Iraq participates in the Sixth Arab Water Forum in Abu Dhabi
Today at 4:58 am by Rocky
» Parliamentary request to take legal action against an oil company for this reason
Today at 4:57 am by Rocky
» Iraqi Drilling Company Completes Rehabilitation of Two Oil Wells
Today at 4:56 am by Rocky
» Minister of Finance signs agreement with Austrian Ambassador to finance irrigation systems
Today at 4:55 am by Rocky
» Iraq signs loan financing agreement for agricultural sector revitalization projects with Austrian ba
Today at 4:52 am by Rocky
» Concerns about raising tax fees on citizens.. Parliamentary services enter the line
Today at 4:50 am by Rocky
» Dollar and gold prices in local markets in Baghdad
Today at 4:49 am by Rocky
» To discuss a number of financial files.. A delegation from the Kurdistan Regional Government visits
Today at 4:47 am by Rocky
» Chaos of appointments in state institutions.. Lack of planning threatens the economy and development
Today at 4:45 am by Rocky
» Submit a thousand signatures to amend the “Access to Information Law”
Today at 4:44 am by Rocky
» Transport to Al-Zawraa: Al-Faw Port will be the starting point for the development path towards Euro
Today at 4:42 am by Rocky
» Parliament ends second reading of amending personal status and general amnesty laws and adjourns ses
Today at 4:40 am by Rocky
» The Prime Minister stresses the importance of continuing the work of the Iraq Development Fund accor
Today at 4:39 am by Rocky
» Launching a new electronic reservation system on the unified card this week
Today at 4:38 am by Rocky
» Al-Sudani approves the governance guide for the Iraq Development Fund
Today at 4:36 am by Rocky
» Al-Sudani chairs Iraq Fund management meeting
Today at 4:31 am by Rocky
» Parliament hosts Chief of Staff of the Army and Undersecretary of the Ministry of Planning
Today at 4:30 am by Rocky
» Who is covered by the general amnesty law?
Today at 4:29 am by Rocky
» The President of the Supreme Judicial Council discusses judicial cooperation between the two countri
Today at 4:27 am by Rocky
» Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal wi
Today at 4:26 am by Rocky
» This is how the citizen gets the dollar
Today at 4:25 am by Rocky
» Iraqi Drilling Company Completes Rehabilitation of Two Oil Wells in Basra
Today at 4:23 am by Rocky
» Parliament session disputes topple controversial laws, postpone others
Today at 4:21 am by Rocky
» Iraq renews its position rejecting foreign presence: We do not need 86 countries to remain on our la
Today at 4:19 am by Rocky
» Find out the dollar exchange rates in the Iraqi stock exchanges
Today at 4:17 am by Rocky
» Details of the American role in preventing Iraq from obtaining a Russian air defense system
Yesterday at 7:02 am by Rocky
» MP gives details on the repercussions of the theft of the century and the leaked recording of Hanoun
Yesterday at 7:01 am by Rocky
» MP warns of US ambassador's moves
Yesterday at 7:00 am by Rocky
» Government stresses the need to develop the air transport sector in Iraq
Yesterday at 6:57 am by Rocky
» Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to t
Yesterday at 6:55 am by Rocky
» The Central Bank announces a 15.7% decline in Iraqi exports in the first quarter of this year
Yesterday at 6:53 am by Rocky
» Parliamentary condition for passing the amnesty law.. Who are those covered by the fight against ter
Yesterday at 6:50 am by Rocky
» Al-Sudani confirms the government's intention to purchase services from investors
Yesterday at 6:49 am by Rocky
» In preparation for Al-Sudani's visit... Formation of a high committee in Diyala - Urgent
Yesterday at 6:47 am by Rocky
» The first customs point after the "yellow" between the region and the federation in Diyala
Yesterday at 6:45 am by Rocky
» Misfortunes never come singly.. 15% tax on Facebook in Iraq
Yesterday at 6:44 am by Rocky
» After being almost free... the increase in government transaction fees angers citizens
Yesterday at 6:40 am by Rocky
» Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand
Yesterday at 5:20 am by Rocky
» Customs: AI to enhance risk management in imports
Yesterday at 5:18 am by Rocky
» Ministry of Foreign Affairs through development: It will be a safe corridor for the transport of goo
Yesterday at 5:17 am by Rocky
» Government plans to impose 15% tax on social media sites
Yesterday at 5:16 am by Rocky
» Low prices.. Parliamentary demands to open the land distribution file to officials
Yesterday at 5:15 am by Rocky
» Parliamentary Finance: Securing Employee Salaries for the Years 2024-2025
Yesterday at 5:14 am by Rocky
» 85% of foreign workers in Iraq have “no useful skills”.. This is what they earn annually
Yesterday at 5:12 am by Rocky
» Foreign labor!
Yesterday at 5:11 am by Rocky
» 100 new investment opportunities
Yesterday at 5:10 am by Rocky
» Expatriate workers transfer $2 billion abroad annually
Yesterday at 5:09 am by Rocky
» Al Sabah Finance Committee: The government has developed a plan to increase financial resources to s
Yesterday at 5:08 am by Rocky
» Water Supply Project in Nineveh Plain
Yesterday at 5:06 am by Rocky
» November.. Iraq offers 100 investment opportunities
Yesterday at 5:05 am by Rocky
» Tips to avoid electronic theft
Yesterday at 5:03 am by Rocky
» Trends towards establishing digital banks
Yesterday at 5:01 am by Rocky
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
Yesterday at 4:58 am by Rocky
» Investment Authority: Egyptian companies wish to partner in implementing the development road
Yesterday at 4:57 am by Rocky
» Cryptocurrencies suffer losses of more than 2%
Yesterday at 4:56 am by Rocky
» Slight decrease in dollar exchange rates in Baghdad, Basra and Erbil
Yesterday at 4:54 am by Rocky
» Minister of Electricity to Nina: We have maintained the system without any outage and we will adopt
Yesterday at 4:53 am by Rocky
» American report monitors Turkish-Iranian competition in Iraq
Yesterday at 4:52 am by Rocky
» “Interrogation” is almost absent from the fifth session of Parliament.. The absence of the “Presiden
Yesterday at 4:50 am by Rocky