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[rtl]Parliament talks about the continued cessation of oil pumping through Turkish Ceyhan[/rtl]
Economy , 08/08/2024 10:46 Number of readings: 132
Economy , 08/08/2024 10:46 Number of readings: 132
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[rtl]Baghdad - Iraq today:[/rtl]
[rtl]The Oil and Gas Committee in the Iraqi Parliament revealed the continued obstacles to resuming the export of oil from the Kurdistan region via the Turkish Ceyhan pipeline.
The committee's deputy chairman, Nehru Mahmoud, said, "Some political parties and some people in the Federal Ministry of Oil are not serious about resuming the export of Kurdistan region oil via the Turkish Ceyhan pipeline for many reasons."
Since the Kurdistan region's oil exports stopped on 3/24/2024, the Federal Ministry of Oil has compensated the region's oil, amounting to 400,000 barrels, from the southern governorates, to maintain the OPEC oil export ceiling, according to Mahmoud.
According to OPEC, Iraq has the right to export 3 million and 500 thousand barrels of oil per day, and this means that the region’s oil was compensated from the southern governorates and did not affect Iraqi oil exports, according to the Deputy Chairman of the Parliament Committee.
Mahmoud explained, “If an agreement occurs between the federal and regional governments to export Kurdistan’s oil, the federal government must reduce 400,000 barrels of southern oil in order to export the region’s oil.”
He pointed out that "the federal and regional governments have not yet reached the cost of producing one barrel of oil for the companies that extract oil in the Kurdistan region, and this is another file that hinders the consumption of the export of Kurdistan oil."[/rtl]
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