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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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    After Blinken's meeting: Will Sudan resolve the Ceyhan pipeline crisis before the end of the year?

    Rocky
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    After Blinken's meeting: Will Sudan resolve the Ceyhan pipeline crisis before the end of the year? Empty After Blinken's meeting: Will Sudan resolve the Ceyhan pipeline crisis before the end of the year?

    Post by Rocky Wed 25 Sep 2024, 6:28 am

    [size=38]After Blinken's meeting: Will Sudan resolve the Ceyhan pipeline crisis before the end of the year?[/size]


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    September 25, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala: The group of international oil companies operating in the Kurdistan Region, “APICOR”, called for the necessity of reaching an official agreement between the federal government and the Kurdistan Regional Government to resolve the crisis of the closure of the “Ceyhan” export pipeline, which represents a vital artery for Iraqi oil exports via Turkey. This call comes at a critical time when Iraq is witnessing economic and geopolitical challenges that greatly affect its ability to benefit from its natural resources and enhance economic development.
    The spokesman for the “Apicor” group explained that reopening the pipeline will provide revenues estimated at about one billion dollars per month, a huge amount that reflects the size of the losses incurred by Iraq and the Kurdistan Region since the pipeline was closed in March 2023. The closure of the pipeline caused losses exceeding 20 billion dollars, which prompted companies operating in the oil sector to call for tripartite meetings between the Iraqi government, the Kurdistan Regional Government and the companies to resolve the crisis.
    It is noteworthy that Iraq seeks to reach a production of 6 million barrels per day by 2027, a goal that requires stabilizing the oil sector and finding quick solutions to crises related to infrastructure and exports. It seems that the delay in resuming exports may negatively affect this ambition, especially since Iraq seeks to use these revenues to modernize its economy and combat corruption.
    International Pressure: The Role of the United States
    In this context, US Secretary of State Anthony Blinken, during his meeting with Iraqi Prime Minister Mohammed Shia al-Sudani, pointed out the need to reopen the Ceyhan pipeline to boost foreign investment in Iraq.
    These efforts come within the framework of the strategic partnership between Iraq and the United States, as the two parties discussed in New York on the sidelines of the UN General Assembly meetings many issues related to economic development and regional security. Blinken pointed to the importance of supporting Iraq in its efforts to achieve self-sufficiency in energy production by 2030, a goal that faces major challenges, including continued reliance on gas imports from Iran.
    Although the Turkish government has confirmed that the Ceyhan pipeline is operational, Iraq and Turkey have not yet reached a final agreement on resuming exports.
    This delay reflects political complications rather than technical ones. The pipeline closure was the result of disputes between Baghdad and Erbil, in addition to the effects of relations with Turkey. Companies operating in the oil sector confirm that there are no technical obstacles preventing the resumption of exports, which means that the solution lies in a political settlement that takes into account the interests of all parties.
    On the other hand, the Iraqi Prime Minister indicated in press statements to Bloomberg Channel that it is possible to resume exports by the end of this year, a statement that reflects optimism conditional on the possibility of reaching a formula of understanding between the Iraqi government and the Kurdistan Regional Government.
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