Home
Details of an Iraqi line to transport oil towards Türkiye, away from the Kurdistan region
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
[rtl]Deputy Minister of Oil for Extraction Affairs, Bassem Muhammad, said that the ministry is working on repairing a pipeline that would allow 350,000 barrels per day of oil to be pumped to Turkey by the end of this month, in a move that is likely to arouse the ire of foreign oil companies and the Kurdistan Regional Government, which is striving to resume... Export oil.[/rtl]
[rtl]This comes as negotiations continue to falter between Baghdad and Erbil regarding the resumption of the export of Kurdistan region oil to Turkey, which stopped in March 2023 and was exporting approximately 400 thousand barrels per day.[/rtl]
[rtl]Restarting the Turkish Kirkuk-Ceyhan pipeline, which has been closed since ISIS took control of vast areas of Iraq in 2014 and damaged parts of it, would provide Baghdad with a new path to resume oil exports through the government pipeline, which Baghdad will not bear high operating costs.[/rtl]
[rtl]According to the oil expert and former advisor to the Prime Minister on Energy Affairs, Hamza Al-Jawahiri, the line that Iraq intends to operate extends from the Kirkuk fields in the “Kiwai” region all the way to Nineveh Governorate, and then the Fish Khabour region on the Iraqi-Turkish border, with a length of 345 kilometers, which is known in Iraq as Part of the strategic line, which Iraq began establishing in 1977 and can transport oil at about 600 thousand barrels per day.[/rtl]
[rtl]Al-Jawahiri stated that the line was vandalized with 3 out of 5 oil pumping stations out of service, as it was rehabilitated during the past months, indicating that the line is now ready for export, as trial pumping operations began two weeks ago.[/rtl]
[rtl]As for the Kurdistan Region pipeline, it starts from the “Khurmala” area in Kirkuk and passes through the territory of the region to the Fish Khabour area, as the length of the line does not exceed 300 kilometers, indicating that the line’s export capacity is close to the line belonging to the federal government.[/rtl]
[rtl]Al-Jawahiri added that the two lines use the Turkish line extending from the Fish Khabour area towards the Turkish port of Ceyhan, where the Kurdish line connects with the Turkish line within the Turkish border, and its length is estimated at about 660 kilometers, indicating that operating the Iraqi line is a complete cancellation of the Kurdish line.[/rtl]
[rtl]Baghdad and Erbil can use and exploit the Kurdish line if the two sides agree, provided that the export of Kurdish oil is subject to the control of the federal government, which will enhance Iraq’s ability to export its oil to Turkey, according to Al-Jawahiri.[/rtl]
[/size]
[rtl]Regarding the possibility of resuming the Iraqi pipeline soon, a member of the Energy and Gas Committee in the Iraqi Parliament, Muhammad Al-Farman, revealed that the strategic pipeline will resume pumping oil at the end of this month, as 3 Iraqi oil companies affiliated with the Ministry of Oil worked to rehabilitate it again.[/rtl]
[rtl]For his part, the economic advisor to the Iraqi Prime Minister, Muhammad Mazhar Salih, says that the Iraqi oil export line to Turkey, known internationally as the Iraqi-Turkish Pipeline (ITP), has recently been repaired, as the greatest damage to the line was within the borders of Nineveh Governorate, indicating The experimental pumping of the line will begin soon, equivalent to 150 thousand barrels per day.[/rtl]
[/size]
[rtl]Regarding the future of the region’s Kurdish oil export line, Saleh said that activating the Iraqi line means, in principle, stopping the Kurdish line. However, activating the Iraqi line will open a wider door for negotiation between Baghdad and Erbil, especially since exporting the region’s oil is ultimately in the government’s interest. The Federal Court and its budget, after the Federal Court ruled that the Iraqi Oil Marketing Company “SOMO” would control oil export operations in the region, indicating that the negotiations will revolve around the work of the companies and the nature of the contracts, according to him.[/rtl]
[rtl]On the other hand, a member of the Energy and Oil Committee in Parliament, Muhammad Al-Farman, explained that this issue is still unsettled, and that it may depend on the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington in the middle of this month, as there is pressure in this aspect, and that the government delegation to Washington will include Oil Minister Hayyan Abdul-Ghani also said.[/rtl]
[rtl]The beginning of the crisis between Baghdad and Erbil began in 2014, when Turkey allowed the Kurdistan region to export oil independently of the Federal Ministry of Oil, as the Kurdish pipeline was linked to the Iraqi-Turkish oil pipeline, before the ruling of the International Chamber of Commerce in Paris ruled in favor of Iraq and condemned Turkey for... Using the line within Turkish territory without the approval of the Iraqi government.[/rtl]
[/size]
[rtl]Returning to Hamza Al-Jawahiri and the future of oil companies operating in the Kurdistan region, he stressed that the federal government did not request the exit of these companies from the country, but rather asked them to amend the contracts in accordance with Iraq’s laws and constitution. Otherwise, these companies cannot return to work again. According to him,[/rtl]
[rtl]Meanwhile, Abdul Rahman Al-Mashhadani, professor of economics at the Iraqi University in Baghdad, says that the rehabilitated damage to the Iraqi strategic line does not exceed 50 kilometers, and therefore, Iraq will initially export approximately 350 thousand barrels per day, indicating that Baghdad has become obligated to export oil via This line is in accordance with the Iraqi-Turkish agreement. Otherwise, Iraq will bear the costs and fees for not using the Turkish line according to the bilateral agreement.[/rtl]
[rtl]He stated that the problem of the region's oil is represented by oil companies, as these companies require traffic fees estimated at about $26 per barrel, while the cost of transporting it across the strategic line does not exceed $7 per barrel, and therefore the Iraqi line will be more profitable than the competing Kurdish line, which is what made The position of oil companies in the region is almost “hysterical,” according to his description.[/rtl]
[rtl]Regarding the Kurdish position, Reuters quoted the energy advisor in the Kurdistan region, Bahjat Ahmed, stating that Iraqi Oil Ministry officials informed the Kurdish negotiating team that they consider the agreement between the Kurdistan Regional Government and the Russian company Rosneft illegal and a violation of applicable Iraqi laws.[/rtl]
[rtl]Baghdad had rejected a request from the Kurdistan Regional Government for Baghdad to pay oil transit fees from the region to Turkey, estimated at $6 per barrel, to the Russian oil company Rosneft, which partially owns the Kurdish pipeline.[/rtl]
[rtl]The Iraqi Kurdistan Regional Government did not respond to questions regarding its position on restarting the Iraqi line and the future of the Kurdish line, but the lack of response to communications prevented that.[/rtl][/size]
Views 33
Added 04/12/2024 - 12:07 PM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
[rtl]Deputy Minister of Oil for Extraction Affairs, Bassem Muhammad, said that the ministry is working on repairing a pipeline that would allow 350,000 barrels per day of oil to be pumped to Turkey by the end of this month, in a move that is likely to arouse the ire of foreign oil companies and the Kurdistan Regional Government, which is striving to resume... Export oil.[/rtl]
[rtl]This comes as negotiations continue to falter between Baghdad and Erbil regarding the resumption of the export of Kurdistan region oil to Turkey, which stopped in March 2023 and was exporting approximately 400 thousand barrels per day.[/rtl]
[rtl]Restarting the Turkish Kirkuk-Ceyhan pipeline, which has been closed since ISIS took control of vast areas of Iraq in 2014 and damaged parts of it, would provide Baghdad with a new path to resume oil exports through the government pipeline, which Baghdad will not bear high operating costs.[/rtl]
[rtl]Two competing lines[/rtl]
[size][rtl]According to the oil expert and former advisor to the Prime Minister on Energy Affairs, Hamza Al-Jawahiri, the line that Iraq intends to operate extends from the Kirkuk fields in the “Kiwai” region all the way to Nineveh Governorate, and then the Fish Khabour region on the Iraqi-Turkish border, with a length of 345 kilometers, which is known in Iraq as Part of the strategic line, which Iraq began establishing in 1977 and can transport oil at about 600 thousand barrels per day.[/rtl]
[rtl]Al-Jawahiri stated that the line was vandalized with 3 out of 5 oil pumping stations out of service, as it was rehabilitated during the past months, indicating that the line is now ready for export, as trial pumping operations began two weeks ago.[/rtl]
[rtl]As for the Kurdistan Region pipeline, it starts from the “Khurmala” area in Kirkuk and passes through the territory of the region to the Fish Khabour area, as the length of the line does not exceed 300 kilometers, indicating that the line’s export capacity is close to the line belonging to the federal government.[/rtl]
[rtl]Al-Jawahiri added that the two lines use the Turkish line extending from the Fish Khabour area towards the Turkish port of Ceyhan, where the Kurdish line connects with the Turkish line within the Turkish border, and its length is estimated at about 660 kilometers, indicating that operating the Iraqi line is a complete cancellation of the Kurdish line.[/rtl]
[rtl]Baghdad and Erbil can use and exploit the Kurdish line if the two sides agree, provided that the export of Kurdish oil is subject to the control of the federal government, which will enhance Iraq’s ability to export its oil to Turkey, according to Al-Jawahiri.[/rtl]
[/size]
[rtl]Login to the service[/rtl]
[size][rtl]Regarding the possibility of resuming the Iraqi pipeline soon, a member of the Energy and Gas Committee in the Iraqi Parliament, Muhammad Al-Farman, revealed that the strategic pipeline will resume pumping oil at the end of this month, as 3 Iraqi oil companies affiliated with the Ministry of Oil worked to rehabilitate it again.[/rtl]
[rtl]For his part, the economic advisor to the Iraqi Prime Minister, Muhammad Mazhar Salih, says that the Iraqi oil export line to Turkey, known internationally as the Iraqi-Turkish Pipeline (ITP), has recently been repaired, as the greatest damage to the line was within the borders of Nineveh Governorate, indicating The experimental pumping of the line will begin soon, equivalent to 150 thousand barrels per day.[/rtl]
[/size]
[rtl]The future of Kurdish script[/rtl]
[size][rtl]Regarding the future of the region’s Kurdish oil export line, Saleh said that activating the Iraqi line means, in principle, stopping the Kurdish line. However, activating the Iraqi line will open a wider door for negotiation between Baghdad and Erbil, especially since exporting the region’s oil is ultimately in the government’s interest. The Federal Court and its budget, after the Federal Court ruled that the Iraqi Oil Marketing Company “SOMO” would control oil export operations in the region, indicating that the negotiations will revolve around the work of the companies and the nature of the contracts, according to him.[/rtl]
[rtl]On the other hand, a member of the Energy and Oil Committee in Parliament, Muhammad Al-Farman, explained that this issue is still unsettled, and that it may depend on the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington in the middle of this month, as there is pressure in this aspect, and that the government delegation to Washington will include Oil Minister Hayyan Abdul-Ghani also said.[/rtl]
[rtl]The beginning of the crisis between Baghdad and Erbil began in 2014, when Turkey allowed the Kurdistan region to export oil independently of the Federal Ministry of Oil, as the Kurdish pipeline was linked to the Iraqi-Turkish oil pipeline, before the ruling of the International Chamber of Commerce in Paris ruled in favor of Iraq and condemned Turkey for... Using the line within Turkish territory without the approval of the Iraqi government.[/rtl]
[/size]
[rtl]The future of Kurdistan oil[/rtl]
[size][rtl]Returning to Hamza Al-Jawahiri and the future of oil companies operating in the Kurdistan region, he stressed that the federal government did not request the exit of these companies from the country, but rather asked them to amend the contracts in accordance with Iraq’s laws and constitution. Otherwise, these companies cannot return to work again. According to him,[/rtl]
[rtl]Meanwhile, Abdul Rahman Al-Mashhadani, professor of economics at the Iraqi University in Baghdad, says that the rehabilitated damage to the Iraqi strategic line does not exceed 50 kilometers, and therefore, Iraq will initially export approximately 350 thousand barrels per day, indicating that Baghdad has become obligated to export oil via This line is in accordance with the Iraqi-Turkish agreement. Otherwise, Iraq will bear the costs and fees for not using the Turkish line according to the bilateral agreement.[/rtl]
[rtl]He stated that the problem of the region's oil is represented by oil companies, as these companies require traffic fees estimated at about $26 per barrel, while the cost of transporting it across the strategic line does not exceed $7 per barrel, and therefore the Iraqi line will be more profitable than the competing Kurdish line, which is what made The position of oil companies in the region is almost “hysterical,” according to his description.[/rtl]
[rtl]Regarding the Kurdish position, Reuters quoted the energy advisor in the Kurdistan region, Bahjat Ahmed, stating that Iraqi Oil Ministry officials informed the Kurdish negotiating team that they consider the agreement between the Kurdistan Regional Government and the Russian company Rosneft illegal and a violation of applicable Iraqi laws.[/rtl]
[rtl]Baghdad had rejected a request from the Kurdistan Regional Government for Baghdad to pay oil transit fees from the region to Turkey, estimated at $6 per barrel, to the Russian oil company Rosneft, which partially owns the Kurdish pipeline.[/rtl]
[rtl]The Iraqi Kurdistan Regional Government did not respond to questions regarding its position on restarting the Iraqi line and the future of the Kurdish line, but the lack of response to communications prevented that.[/rtl][/size]
Views 33
Added 04/12/2024 - 12:07 PM
[You must be registered and logged in to see this link.]
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
» "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current p
» Population, oil and salaries...hot files in the meeting between Al-Sudani and Barzani
» Political attempts to obstruct it.. Personal Status Law on its way to legislation
» MP: Al-Sudani has reached the conviction of the necessity of removing some ministers
» Central Bank announces progress in dollar control procedures
» Baghdad.. Closing 144 informal metal smelting factories to reduce pollution
» Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
» Severe imprisonment for former Minister of Transport for deliberately violating his job duties
» 4 new pharmaceutical factories
» Iraq's move to attract $250 billion in investments welcomed
» Financial inclusion and banking restructuring
» Iraq records 4% economic growth, moves towards sustainable diversification
» Al-Sudani and Barzani discuss finding solutions to common issues "according to the constitution"
» Requesting Iraqi mediation.. US delegation arrives in Baghdad to follow up on the "hotline" with Teh
» Iraqi oil continues to decline for the third day in a row
» Population census in Iraq: social and political importance and a major challenge for the government
» Next Thursday.. the start of the first phase of the census
» 11 international companies compete to operate Faw Port
» Baghdad conveys Trump's message to Tehran: Stop proxy wars... and confirms removing the opposition f
» Iraq contracts to purchase defense systems and helicopters
» Has Al-Sudani's government succeeded in keeping the fire away from Iraq?
» Justice announces the Ministry of Finance’s approval to appoint contract employees in all judicial d
» Expert: Traders’ dealings with sanctioned markets trigger demand for dollars on the black market
» Anbar.. Al-Waleed District summarizes the completed and under-construction projects for the current
» A government delegation reviews the work stages and completion rates at Nasiriyah International Airp
» Al-Mashhadani to the Sovereignty Bloc delegation: The necessity of turning the page on differences b
» Al-Hasnawi: Iraq will benefit from green climate funds to improve the environment
» New decisions approved by the Council of Ministers during today's session
» The Chairman of the Trade Bank of Iraq reveals to Alsumaria the interest rate on loans
» The 10 cheapest countries to pay electricity and gas bills.. Where is Iraq?
» Al-Sudani and Nechirvan Barzani at one table in Erbil
» Here are the dollar prices in the Iraqi stock exchanges
» Parliamentary Committee Reveals to Alsumaria Latest Developments in Israeli Violation of Iraqi Airsp
» The largest of its kind in Iraq.. Launching a pioneering medical conference for professional develop
» A source explains the circumstances of transferring 75% of the Ministry of Interior’s civilian emplo
» Weapons are becoming more "loose" and the Interior Ministry is "politicizing"
» Government messages to citizens regarding the population census in Iraq
» What is Iraq's ranking in the Artificial Intelligence Index?
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
» Al-Tamimi explains the importance of the real estate return law
» MP: The administrative capital is a project under study and 2025 is the decision date
» Parliamentary Planning: Al-Sudani's government has not achieved what it pledged in its program
» MP: Baghdad has started funding the governorates to complete their projects
» Al-Haboubi: The Riyadh Summit ignored the most important item that would force the entity to stop th
» Foreign remittance sales increase by 99% at Central Bank auction
» Trade Bank of Iraq clarifies interest rates on its loans in 5 areas
» Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
» Bitcoin Approaches $90,000 for the First Time Ever
» Minister of Electricity directs investigation into high electricity bills
» Iraqi Ministry Approves Contract Fixing
» Iraq prepares investment portfolio to attract $250 billion in two years
» What is the cost of the population census in Iraq?
» Parliamentary Finance Committee discusses investment budget allocations with a number of governors
» President of the Republic: Iraq is fulfilling its obligations under the climate agreement
» The position of truth
» The government places achieving development among the priorities of the 2025 budget
» Next Thursday .. Planning begins the first step of the census
» The utility of the population census
» Iraq needs to address funding issues
» The risk of oil supply disruption has receded.
» Parliamentary Finance Committee discusses with a number of governors the allocations of the investme
» Integrity: Two new rulings issued against the director of a government bank in Diyala
» Federal Ministry of Finance returns payrolls of regional employees due to technical problems
» Iraqi analysis of the results of the "Riyadh Summit": Ink on paper and will not change anything in r
» Finance Ministry approves the establishment of all contracts in justice institutions
» In various fields.. Preparations to launch a group of "unprecedented" investments in Iraq
» Al-Sudani's advisor announces US Treasury support mechanisms for Iraq
» Indomie and dollar smuggling: Has fast food become a cover for currency smuggling from Iraq?
» Including personal status.. Former MP: Parliament will resume work next Saturday to pass laws
» Politician: America has put Iraq at its mercy and controls all its imports
» “Political” Interventions in Nineveh Education... Transferring Staff and Appointing “Contractors” as
» Al-Sudani at the Riyadh Summit... and American messages may be passed to Tehran via Baghdad
» Is the Grand Faw Port Iraq's gateway to global trade?
» After extending its legislative term... Why has Parliament not held any session yet?
» Karrada bids farewell to its trees: Road expansion sparks controversy over the future of the environ
» Victory Coalition talks about the outbreak of a “war of leaks” and reveals an external breach
» Al-Mashhadani confirms to the US Ambassador the importance of resolving the security agreement file
» Al-Sudani: Iraq strongly renews its initiative to establish an Arab and Islamic fund
» Al-Khazaali: The importance of activating cooperation mechanisms between Iraq and Azerbaijan in the
» Al-Araji and Salami discuss details of joint security agreement and border control between the two c
» Al-Sudani and Bin Salman stress the need to coordinate positions to stop the war and provide relief
» Parliamentary Finance: The government has started preparing the 2025 budget
» Al-Sudani to Bin Salman: We appreciate the efforts made by the Kingdom to hold the summit called for
» What did Iraq achieve in its meetings with the US Treasury, and did it succeed in controlling the sa
» Morning list of dollar exchange rates in Iraq
» Ziggurat of Aqar Quf.. A new step to choose Baghdad as the Arab Tourism Capital for the year 2025
» Notice regarding applying for the free scholarship channel for the medical group colleges
» After questions published on Alsumaria.. Planning sends a message to Iraqis: Don't worry
» Al-Mashhadani to the US Ambassador: The importance of resolving the security agreement file by the e
» Mr. Al-Hakim: We support the automation of government sectors to stimulate the economy and move prod
» Embezzlement of 570 million dinars from a bank in Babylon
» The housing dream is fading away: Are housing complexes only for the wealthy?
» Economist identifies main reason behind dollar's rise
» Al-Mutalibi: The Riyadh Summit is a preparation for the American project towards Palestine
» With the document.. The State Council completes the review of the law on the care of minors in Iraq