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After the delegation arrived.. What did Baghdad, Erbil and foreign companies reach in resuming oil exports?
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Baghdad today - Baghdad
Today, Sunday (June 9, 2024), oil expert Bahjat Ahmed revealed the details of the meeting of the delegation of the Kurdistan Regional Government and foreign oil companies with the Federal Ministry of Oil.
Ahmed said in an interview with “Baghdad Today” that “the meeting did not reach any agreement and the general atmosphere is tense between the two parties.”
He added, "The regional government did not show any flexibility or cooperation in this area, and Baghdad was insisting on amending oil contracts with companies operating in the region, while the Kurdistan government wanted to keep the same contracts, and that is why no statement came out after the meeting."
The Kurdistan Regional delegation, consisting of the regional government and foreign companies operating in the region, arrived in Baghdad earlier today, after an invitation sent by the Ministry of Oil several days ago to urgently hold a meeting between the two sides to reach an agreement on resuming the export of Kurdistan oil through the Turkish port of Ceyhan.
The crisis of resuming exports, one year and three months after they stopped, stemmed from a dispute between Baghdad and foreign companies operating in Kurdistan, specifically over the companies’ wages for every barrel of oil produced, as the companies demanded large sums of money according to the contracts signed between the Kurdistan government and foreign companies according to the principle of participation contracts in Production, while Baghdad considers that oil belongs to the people, and foreign companies do not have the right to own part of the oil produced and sell it, but rather take money for every barrel of oil produced.
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