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[size=36]Democrat reveals an obstacle to exporting oil to Turkey[/size]
Political | 09:39 - 11/08/2024
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Mawazine News - Baghdad
The Kurdistan Democratic Party revealed, on Sunday, an obstacle standing in the way of resuming Iraqi oil exports to Turkey via the port of Ceyhan.
“Exporting oil from the Kurdistan Region’s fields to the Turkish port of Ceyhan is a very important issue at this stage,” said Sharif Suleiman, a member of the Kurdistan Democratic Party. Suleiman continued, “The budget needs every amount that enters the state treasury,” noting that “Iraq’s budget is almost single-source to a large extent so far.” The KDP member stressed, “Unfortunately, the Iraqi government has not overcome the problems and obstacles that would allow it to start exporting oil to the port of Ceyhan from the Kurdistan Region’s fields. There have been many negotiations for many months, but it has not overcome some of the conditions set by Baghdad, especially regarding the price of extracting oil.”
The MP noted that "the Turkish side is ready to start importing oil through Ceyhan, but the pending issue so far is the agreement with the companies operating in the Kurdistan Region on the amount of oil extraction." He continued his speech: "The contracts concluded with the companies operating in the region's fields are three types in terms of transportation, extraction and production," expressing his "hope that exports will resume as soon as possible." Suleiman explained that "the halt in exports costs the government and people of Iraq, including the region, huge losses every year estimated at billions of dollars."
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