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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

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    Revealing the reasons for the absence of the oil file from the Turkish president’s talks in Baghdad

    Rocky
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    Revealing the reasons for the absence of the oil file from the Turkish president’s talks in Baghdad Empty Revealing the reasons for the absence of the oil file from the Turkish president’s talks in Baghdad

    Post by Rocky Tue 23 Apr 2024, 7:05 am

    Revealing the reasons for the absence of the oil file from the Turkish president’s talks in Baghdad - urgent
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    Baghdad today - Baghdad
    Today, Tuesday (April 23, 2024), economic expert Nabil Al-Marsoumi revealed the reasons for the absence of the oil file from the talks of Turkish President Recep Tayyip Erdogan in Baghdad.
    Al-Marsoumi said in a post on the social networking site “Facebook” that “the first reason for the absence of the oil file from Erdogan’s talks is related to Kurdistan’s current production of 295,000 barrels of oil per day, which is equivalent to 65% of its production before the international court’s decision was issued, as about 220,000 barrels are being smuggled per day.” of crude oil to Turkey and Iran at a reduced price of up to $30 per barrel, and thus Turkey benefits greatly from the current situation.”
    Al-Marsoumi added, “The other reason is that the oil revenues currently smuggled from Kurdistan are not handed over to the federal government, but are controlled by the two major parties in the region, and the current situation is in favor of the regional government, especially since the salaries of the region’s employees are paid from Baghdad even though the latter has not received any oil revenues from the region.” ", noting that "the other matter is that Baghdad is not currently interested in resuming the region's exports through the Turkish Ceyhan port, especially since Iraq is about to complete the repair of the destroyed part of the Iraqi-Turkish line, which begins from Kirkuk and extends south to Baiji in Salah al-Din and then north to The Turkish border passes to the city of Shirqat, through which Kirkuk oil can be exported to Turkey without using the Kurdistan pipeline.” 
    He continued, "The oil smuggled from Kurdistan is not included in Iraq's production quota, although it is considered a transgression indicated by secondary sources in OPEC. This is another reason, in addition to the fact that officially re-exporting oil from Kurdistan means practically reducing Iraq's production quota by 400 thousand barrels per day." This means a similar decline in Iraqi oil exports to less than 3 million barrels, which negatively affects oil revenues that dominate public revenues, which ultimately leads to a significant increase in the budget deficit, which is already burdened with a large deficit.” 
    Al-Marsoumi continued his talk about the reasons by saying, “The other reason is that re-pumping oil from Kurdistan requires increasing financial allocations to the region by more than two billion dollars annually to cover production costs and traffic fees, which leads to an exacerbation of the budget deficit.”
    Today, Tuesday, an informed political source revealed the scenes of the meetings that took place between Turkish President Recep Tayyip Erdogan and the leaders of the Kurdistan region, during the latter’s visit to Erbil, while he indicated that the issues of supporting the Turkmen in the elections and combating the Kurdistan Workers Party were discussed. 
    The source said in an interview with “Baghdad Today” that “the issue of resuming the export of Kurdistan’s oil was absent from the meetings, and the issue of Sulaymaniyah Airport and lifting the ban on it was absent from the discussion,” noting that “Erdogan stressed that there are conditions that must be applied first, before lifting the ban.” .
    The source added: "Erdogan also stressed the necessity of cooperation in the field of combating the Kurdistan Workers' Party, not allowing their presence within the territory of the region, and not allowing the presence of Syrian factions close to the PKK, including the SDF group."
    He explained, "The meeting confirmed Turkish support for opening new border crossings with the Kurdistan region and also increasing the level of investment," noting that "Erdogan called on the leaders of Kurdistan to support the Turkmen in the upcoming elections, and also to grant them their full rights within the region."
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