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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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    Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline?

    Rocky
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    Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline? Empty Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline?

    Post by Rocky Tue 17 Sep 2024, 5:22 am

    Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline?

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    Economy News - Baghdad
    Prime Minister Mohammed Shia al-Sudani, on Tuesday, identified the problem of Baghdad and Erbil in the oil file, while stressing Iraq's commitment to the voluntary reduction of oil exports. 
    The Prime Minister said in an exclusive interview with the American Bloomberg Channel: "Iraq is an important country in OPEC and we coordinate with our partners in OPEC Plus, especially with the Kingdom of Saudi Arabia, in order to adhere to the quota or shares," noting that "Iraq is committed to voluntarily reducing oil exports to maintain prices and the interests of producers and consumers."
     
    [rtl]He added, "Iraq has committed to compensating for the slight increase in oil production," noting that "Iraq has begun reducing local production and exporting to the oil market."[/rtl]
     
    [rtl]He stressed that "oil exports have stopped through the port of Ceyhan after the decision of the International Court of Arbitration in Paris," indicating that "there is a legal problem related to the decisions of the Federal Court regarding oil in the region and the budget law."[/rtl]
     
    [rtl]He explained that "the budget law fixed the production rate at $8 per barrel, while the oil production rate fixed with the companies' contracts in the region amounted to $26."[/rtl]
     
    [rtl]He stressed that "Iraq has two options: either amend the contracts with the oil companies contracting with the region or amend the budget law," noting that "the oil companies contracting with the region refused to amend the oil production cost contracts."[/rtl]
     
    [rtl]He added, "Iraq is keen on the problem related to exporting through the port of Ceyhan, and dialogues are ongoing with the region and oil companies to reach a solution according to legal paths," expecting "to reach a solution during the current year."[/rtl]


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