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[size=33]Natural resources: $7 billion Iraq lost from stopping the export of Kurdistan oil
Iraq's request to the Paris Arbitration Court "was not a correct or rational decision."[/size]
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11/30/2023 23:07 PM
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Al-Sudani confirms Iraq's efforts to separate Kurdistan's oil export file from the legal issues with Turkey
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Iraq's request to the Paris Arbitration Court "was not a correct or rational decision."[/size]
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11/30/2023 23:07 PM
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Al-Sudani confirms Iraq's efforts to separate Kurdistan's oil export file from the legal issues with Turkey
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[rtl]Zagros - Erbil[/rtl]
[rtl]The Minister of Natural Resources in the Kurdistan Regional Government said on Thursday that Iraq's request from the Paris court to stop exporting the region's oil was an "irrational" decision, as a result of which the country incurred a loss of $7 billion.[/rtl]
[rtl]A statement by the ministry quoted Minister Kamal Muhammad Salih as confirming that the Kurdistan Regional Government has no problem selling oil through SOMO, and there is a “good understanding” between Erbil and Baghdad and they are in talks, expressing his hope to reach an agreement and resume oil exports.[/rtl]
[rtl]The minister also revealed that the cessation of oil exports from the Kurdistan Region caused Iraq to lose $7 billion.[/rtl]
[rtl]The minister pointed out that Iraq's request to the Paris Arbitration Court "was not a correct or rational decision."[/rtl]
[rtl]Regarding the supply of fuel, the minister confirmed that gasoline, diesel, gas, kerosene from power generation plants, and white oil are provided through local refineries.[/rtl]
[rtl]He added, "I told the Iraqi Oil Minister that oil should be distributed to the citizens of Kurdistan at the same price as it is sold to Iraqi citizens, meaning 150 dinars per liter, even though they intend to send it to us at a price of 250 dinars."[/rtl]
[rtl]As for oil contracts, the minister noted that “if oil contracts with companies are amended, it must be with the approval of the oil companies. Kurdistan Region contracts are constitutional contracts and are within the framework of federal Iraq, and (the region) has its own oil and gas law.”[/rtl]
[rtl]At the conclusion of his speech, which conveyed a statement from the ministry, the minister confirmed that the US Consul General asked him, “Where have the joint steps between the two ministries to draft the federal oil and gas law reached?” Without clarifying his response to the inquiry.[/rtl]
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