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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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    Washington clarifies its position on stopping Kurdistan oil exports through Türkiye

    Rocky
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    Washington clarifies its position on stopping Kurdistan oil exports through Türkiye Empty Washington clarifies its position on stopping Kurdistan oil exports through Türkiye

    Post by Rocky Fri 17 May 2024, 5:08 am

    Washington clarifies its position on stopping Kurdistan oil exports through Türkiye

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    Economy News - Baghdad
    [rtl]The United States State Department said on Friday that it is in constant contact with officials in Baghdad, Ankara, Erbil and American companies to resume the export of Iraqi Kurdistan Region oil via the Turkish Ceyhan Port pipeline.[/rtl]
    [rtl]Deputy spokesman for the US State Department, Vedant Patel, said at a press conference held in Washington, "Developing different ways to deliver Iraqi energy to global markets is in the interest of Iraq and the United States."[/rtl]
    [rtl]He added, "We are in direct and continuous contact with officials in Baghdad, Ankara, Erbil, and American companies affected by the cessation of oil exports, regarding the opening of the Iraqi-Turkish oil pipeline."[/rtl]
    [rtl]Ankara halted the flows on March 25, 2023, after an arbitration ruling found that it violated the provisions of the 1973 treaty by facilitating oil exports from the Kurdistan Region without the approval of the federal government in Baghdad.[/rtl]
    [rtl]The court ordered Ankara to pay $1.5 billion in compensation to Baghdad for unauthorized exports between 2014 and 2018. A second ongoing arbitration case covers the period from 2018 onwards. Two sources familiar with the lawsuit said that the two countries remain embroiled in a long-term legal struggle.[/rtl]
    [rtl]Meanwhile, Iraq owes Turkey minimal payments as long as the pipeline is technically operational — which consultancy Wood Mackenzie estimates at about $25 million a month — as part of the treaty, theoretically providing an incentive to resume flows.[/rtl]


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