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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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    Iraqi oil is dissipating... The Democrat is still practicing his hobby of (Qajq)

    Rocky
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    • Post n°1

    Iraqi oil is dissipating... The Democrat is still practicing his hobby of (Qajq) Empty Iraqi oil is dissipating... The Democrat is still practicing his hobby of (Qajq)

    Post by Rocky Mon 15 Jul 2024, 7:01 am

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    [size=52]Iraqi oil is dissipating... The Democrat is still practicing his hobby of (Qajq)[/size]
    • Today 14:25

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    Information/Report..
    Despite all the international resolutions and the Iraqi government's good-will initiatives towards the Kurdistan Region, the Kurdistan government is still stealing Iraqi oil, extracting it and smuggling it to Turkey unofficially in the "Qajq" manner.
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    Informed sources revealed that crude oil smuggling operations from the Kurdistan Region to Türkiye continue despite the latter's invasion.
    The sources said in an interview with Al-Maalouma, "The smuggling operations of hundreds of tankers loaded with crude oil smuggled from the Kurdistan Region to Turkey are heading via 3 main roads, all of which pass through areas witnessing continuous shelling by Turkish forces, amid the deployment of detachments and guard posts."
    She added, "Despite the Turkish invasion of large areas surrounding Dohuk, the crude oil smuggling route was not touched and remained part of daily activity, which means that there is direct coordination to keep the smuggling operations without any targeting."
    Sources indicate that more than 200 thousand barrels of oil are loaded by tankers from the region to Turkish territory.
    For more than a year, Turkey has been delaying the resumption of oil exports from the Ceyhan pipeline, against the backdrop of the Paris court’s decision, and is relying on oil smuggled from the Kurdistan Democratic Party, headed by Massoud Barzani, in the region and buying it at a quarter of its global price.

    Reports indicate that Turkey buys one barrel of oil at a price of $30, while its official price exceeds $80. 
    Turkey halted the export of 450,000 barrels per day from the Kurdistan Region via the Iraq-Turkey pipeline on March 25, 2023, after the International Chamber of Commerce in Paris issued its ruling in Baghdad’s favor in an arbitration case.
    Iraq, OPEC's second-largest oil producer, exports about 85 percent of its crude oil through ports in the country's south, but the northern route via Turkey still accounts for about 0.5 percent of global oil supplies.
    In mid-February 2022, the Federal Court issued a decision declaring the Kurdistan Region’s oil and gas law unconstitutional, and preventing it from exporting oil for its own benefit, with the export to be through Baghdad exclusively, based on a lawsuit filed by the federal Ministry of Oil.
    On June 19, the capital, Baghdad, witnessed a meeting between a technical delegation from the Turkish Ministry of Energy and Iraqi officials in the oil sector, which witnessed a discussion of resuming oil exports from the Kurdistan Region via the Turkish port of Ceyhan, but without reaching any agreement.
    The court ruled that Turkey must pay an amount of one and a half billion to Iraq as a result of oil smuggling, but Turkey refuses to pay until this moment amid strange Iraqi silence.
    Economic expert Diaa Mohsen accused the government of being lax with the Iraqi funds owed by Turkey, amounting to one and a half billion dollars, which were ruled by the arbitration court of the International Chamber of Commerce in Paris, due to the smuggling of oil from the Kurdistan Region to Turkey.

    Mohsen told Al-Maalouma Agency, "Oil smuggling operations from the Kurdistan Region via Turkey are still ongoing and the government has no control over these operations."
    He called on the government to "put an end to smuggling operations, control oil production sources in Kirkuk and the region, and maintain joint management." 
    He added, "The fine imposed by the International Chamber of Commerce's arbitration court in Paris against the Turkish side is vague and lacks transparency, and shows clear negligence on the part of the Baghdad government." He called on the government to clarify the reasons for the Turkish side's delay in paying the fine to the public treasury. 
    It is noteworthy that Iraq won a lawsuit it filed against Turkey before the arbitration panel of the International Chamber of Commerce in Paris, for violating the provisions of the Iraq-Turkey pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil exported from Iraq to all storage and disposal centers and the final station.
    For a year, Turkey has been procrastinating in resuming oil exports, as it has refused to pay the fine imposed on it to Iraq, and has demanded that Baghdad waive it, but Baghdad has also refused to waive the fine, which amounts to $1.5 billion.
    According to an analysis published by the Ministry of Oil previously, the financial returns of the regional government do not exceed 80 percent on average after deducting production costs (the cost of producing a barrel of oil), while the financial returns of the first and second licensing rounds held by Baghdad amount to 94.5 percent to 96.5 percent, and the cost of production is equivalent to 4 times the cost of production in the licensing rounds of the federal Ministry of Oil. On the other hand, the regional government signed a contractual obligation through production-sharing contracts to exempt contractors from taxes and allowed them to inflate their profits without imposing any type of taxes or sharing those inflated profits, especially when oil prices rise globally.

    According to the Federal Ministry of Oil, the region did not adhere to the quotas allocated to Iraq under the OPEC agreements, which negatively affected the oil quantities allocated to Iraq from the central and southern fields, and consequently negatively affected the financial returns of the federal government, despite bearing the burden of securing the salaries of its people in the region.
    Turkish Foreign Minister Hakan Fidan visited Iraq last August and held talks with his Iraqi counterpart Fuad Hussein on the issue of exporting oil through the pipeline extending from Iraqi Kurdistan to the port of Ceyhan, but without reaching a solution. End25m
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