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tigergorzow

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Posts posted by tigergorzow

  17. Türkiye announces the date for resuming the export of Kurdistan region’s oil via the Ceyhan line

    in Iraq & Dinar Related News

    Posted

    17 minutes ago, 6ly410 said:

    For the first time

    In two days. Kurdistan Oil Returns to Outside Iraq Under Baghdad's Supervision

     
    fdsfds.jpg

    Baghdad Today - Baghdad

    Federal government sources and others in the Kurdistan Regional Government revealed on Saturday the date of the resumption of the process of exporting oil to Turkey.

    The sources told AFP that the region will resume oil exports "within two days" to Turkey about a week after the process was suspended, after Baghdad and Erbil reached an agreement on the management of the region's oil."

    The sources added that the two sides agreed that "Kurdistan's oil sales will be through (Iraqi Oil Marketing Company) SOMO," which means that Erbil will no longer manage the oil file alone, according to a federal government official.

    A "joint committee" will also oversee "the export of oil from Kurdistan." Imports will be placed in a "special account... under the supervision and control of the Iraqi government," the Kurdish official explained.

    This agreement theoretically and temporarily ends the dispute between Baghdad, Erbil and Ankara over the oil file.

    On Saturday, Turkey stopped importing oil from the Kurdistan region following the decision of the arbitration panel at the International Chamber of Commerce in Paris, which ruled in favor of Iraq in its dispute with Turkey over oil exports from the Kurdistan region.

    The dispute dates back to 2014, when Baghdad filed a lawsuit against neighboring Turkey before the arbitration tribunal objecting to Ankara's announcement to export the Kurdistan region's oil to international markets without the Iraqi government's permission.

    The Iraqi government, which has sometimes tense relations with the authorities of the Kurdistan Region, strongly opposed the Turkish decision, considering it the only party entitled to manage the region's oil exports and revenues.

    Despite Baghdad's opposition, Erbil exported oil via Turkey. The region's export rate is about 450,<> barrels per day.

    The halt in exports from Kurdistan prompted Norway's DNO, the region's main oil producer, to halt operations in the region.

    Erbil believes that the federal government seeks to seize the region's oil wealth, while Baghdad is demanding that it have a say in the management of oil resources extracted from Kurdistan.

    Iraq is the second largest oil country in the Organization of the Petroleum Exporting Countries (OPEC), exporting an average of 3.3 million barrels of crude oil per day.

    6ly410 Thanks,  DV, Excellent article and extremely good that Baghdad manages the Oil export from KRG to Turkey.  Git er done boys & girls.  Come on HCL...👍👍🙏🙏.

     

    GO RV / RI

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  25. Kuwaiti dinar first and US dollar tenth: the 10 most powerful currencies in the world

    in Iraq & Dinar Related News

    Posted

    50 minutes ago, keylime said:

    So this is one of the reasons why I believe the Iraqi Dinar is not coming out at ten cents, or even a dollar. With their sense of pride, there is no way Iraq, who has more oil than Kuwait, and basically tells them even their oil is Iraq's is going to allow their money to be worth less than the Kuwaiti Dinar. And as we see Kuwait gets their value from Oil so will Iraq.

     

    $3.35 or so will be the RV/RI in my humble opinion, he says with a big smile.

     

     

    keylime Thanks,  Keeping hope alive....IMHO totally agree with your analysis...👍👍🙏🙏...GO RV / RI

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