Statement from Oil: We are close to acquiring Iraq's historical rights to manage its entire oil activity

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Oil Minister: Iraq nears resolution of oil dispute with Turkey by UN resolution

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Oil Minister: Iraq nears resolution of oil dispute with Turkey by UN resolution - Iraq News (iraqakhbar-com.translate.goog)

 

Source of the news / Iraqi News Agency (INA)

BAGHDAD -
The Minister of Oil, Ihsan Abdul-Jabbar, announced today, Friday, that Iraq is close to resolving an oil dispute with Turkey in its favour, with an international decision.
A statement issued by the Ministry of Oil, received by the Iraqi News Agency (INA), said that "the final session of the arbitration panel of the International Chamber of Commerce in the dispute between the Republic of Iraq and the Republic of Turkey regarding the pipeline agreement between Iraq and Turkey was held in Paris, July 2022."
Oil Minister Ihsan Abdul-Jabbar Ismail affirmed, "Iraq's keenness to restore its legitimate rights to its national wealth in accordance with international laws and treaties," stressing Iraq's respect for just and equitable decisions issued by courts and relevant authorities that consider cases related to violations and disputes, including those related to oil wealth.
The Minister of Oil added that he "firmly believes that the correct approach is to work on resolving these issues by resorting to peaceful legal methods."
According to the statement, the International Chamber of Commerce is considering the arbitration case filed by the Republic of Iraq against the Republic of Turkey for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all centers Storage, discharge and terminal.
At the hearing, which was held in Paris, the Ministry of Oil was represented by the Minister personally, a number of ministry officials, the Iraqi embassy in Paris, and the legal and technical work team, due to the importance of the lawsuit as it is the largest in the history of Iraq.
The Minister of Oil said, according to the statement, that "the arbitral tribunal closed the presentation of the case by the parties, after hearing their regulations and their pleas, and that there is no further opportunity for extension or postponement, expecting that the arbitration body of the International Chamber of Commerce in Paris will issue its final and decisive decision within the next few months."
The Minister of Oil expressed his gratitude to the arbitration panel of the International Chamber of Commerce in Paris for its professional handling of the dispute, which gave the two parties the opportunity and time to defend their positions.
He explained that "Iraq has good relations with Turkey, and that this arbitration does not constitute an obstacle to the development and expansion of bilateral relations in a way that achieves common interests, while Iraq retains its constitutional powers and sovereignty over all its wealth."
The Minister of Oil praised the distinguished efforts of the International Legal Advisory Office and the Ministry’s Legal Committee in defending Iraq’s rights to manage its oil wealth and the Ministry of Oil’s possession of its constitutional powers and authorities, for their serious efforts over the past years to achieve justice and restore Iraq’s legitimate rights in order to preserve its security and sovereignty in accordance with for the statement.

You can also read the news at the source from the Iraqi News Agency

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By an international judicial decision, Iraq is close to resolving an oil dispute with Turkey in its favour

Friday 15 July 2022 21:37 | EconomicNumber of readings: 158بقرار قضائي دولي.. العراق يقترب من حسم خلاف نفطي مع تركيا لصالحه (ninanews-com.translate.goog)

 

Baghdad / NINA / - The final session of the arbitration panel of the International Chamber of Commerce in the dispute between the Republic of Iraq and the Republic of Turkey regarding the pipeline agreement between Iraq and Turkey was held in Paris, July 2022.


The Minister of Oil, Ihsan Abdul-Jabbar Ismail, affirmed Iraq's keenness to restore its legitimate rights to its national wealth in accordance with international laws and treaties, stressing Iraq's respect for just and equitable decisions issued by courts and concerned authorities that consider cases related to violations and disputes, including those related to oil wealth. He firmly believes that the correct approach is to work on solving these issues by resorting to peaceful legal methods.


The International Chamber of Commerce is considering the arbitration case filed by the Republic of Iraq against the Republic of Turkey for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all storage and disposal centers And the final station.

At the hearing held in Paris, the Ministry of Oil was represented by the Minister personally, a number of ministry officials, the Iraqi embassy in Paris, and the legal and technical work team, due to the importance of the lawsuit as it is the largest in the history of Iraq.


The Minister of Oil said that the arbitral tribunal closed the presentation of the case by the parties, after hearing their regulations and their pleas, and that there was no further opportunity for extension or postponement, expecting that the arbitral tribunal of the International Chamber of Commerce in Paris would issue its final and decisive decision within the next few months.


The Minister of Oil expressed his gratitude to the arbitration panel of the International Chamber of Commerce in Paris for its professional handling of the dispute, which gave the two parties the opportunity and time to defend their positions.

He explained that Iraq has good relations with Turkey and that this arbitration does not constitute an obstacle to the development and expansion of bilateral relations to achieve common interests, while Iraq retains its constitutional powers and sovereignty over all its wealth.


The Minister of Oil also praised the distinguished efforts of the International Legal Advisory Office and the Ministry’s Legal Committee in defending Iraq’s rights to manage its oil wealth and the Ministry of Oil’s possession of its constitutional powers and authorities, for their serious efforts over the past years to achieve justice and restore Iraq’s legitimate rights in order to preserve its security and sovereignty. /finished8
 

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Statement from Oil: We are close to acquiring Iraq's historical rights to manage its entire oil activity

07.15.2022 - 21:04

 

Baghdad - people   

The final session of the International Chamber of Commerce’s arbitration panel in the dispute between Iraq and Turkey was held today, Friday, on the pipeline agreement between Iraq and Turkey, in Paris in July 2022.  

  

  

  

Oil Minister Ihsan Abdul-Jabbar Ismail confirmed, according to a statement issued by the ministry, that "Nass" received a copy of it (July 15, 2022) "Iraq's keenness to restore its legitimate rights to its national wealth in accordance with international laws and treaties."  

  

He stressed, "Iraq's respect for the just and equitable decisions issued by the courts and the concerned authorities that consider cases related to violations and disputes, including those related to oil wealth."  

  

The Minister of Oil added that he "firmly believes that the correct approach is to work on resolving these issues by resorting to peaceful legal methods."  

  

The International Chamber of Commerce is considering the arbitration case filed by the Republic of Iraq against the Republic of Turkey for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all storage and disposal centers And the final station.  

  

At the hearing held in Paris, the Oil Ministry was personally represented by the Minister, a number of ministry officials, the Iraqi embassy in Paris, and the legal and technical work team, due to the importance of the lawsuit as it is the largest in the history of Iraq, according to the statement.  

  

The Minister of Oil said that "the arbitral tribunal closed the presentation of the case by the parties, after hearing their regulations and their pleas, and that there is no further opportunity for extension or postponement, expecting that the arbitral tribunal of the International Chamber of Commerce in Paris will issue its final and decisive decision within the next few months."  

  

The Minister of Oil expressed his "gratitude to the arbitration panel of the International Chamber of Commerce in Paris for its professional handling of the dispute, which gave the two parties the opportunity and time to defend their positions."  

  

He explained that "Iraq has good relations with Turkey, and this arbitration does not constitute an obstacle to the development and expansion of bilateral relations to achieve common interests, while Iraq retains its constitutional powers and sovereignty over all its wealth."  

  

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The Minister of Oil clarifies the developments of a legal dispute with Turkey over a pipeline

 

energy
   

Economy News-Baghdad
The International Chamber of Commerce (ICC) arbitration panel is expected to give justice to Iraq in its dispute with Turkey over the pipeline agreement between the two countries, in Paris in July 2022 .

 

Oil Minister Ihsan Abdul-Jabbar said in a statement that "resolving this conflict, protecting Iraq's rights under its international agreements, including the Iraqi-Turkish pipeline agreements, is of great importance for the country and its future and defending its lost rights ."

 

Abdul-Jabbar added, "The arbitral tribunal closed the presentation of the case by the parties, after hearing their regulations and their pleas, and that there is no other opportunity to extend or postpone the case," noting that "the arbitration body of the International Chamber of Commerce in Paris will issue its final and decisive decision within the next few months." ".

 

He continued, "Through the assignment of legal experts in the ministry and international offices, Iraq was able to extract legal recognition from the court by obligating Turkey, after the decision was issued, to pay the compensation mentioned in the merits of his claims."

 

 

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Added 07/17/2022 - 11:15 AM

Update 07/17/2022 - 4:03 PM

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It is expected that Iraq will receive $32 billion from Turkey for violating the pipeline agreement

 

energy
   

Economy News-Baghdad
The specialist in economic and commercial disputes between countries, lawyer Jaafar Al-Saadi, suggested on Sunday that the Turkish government would compensate Iraq between 25 billion to 32 billion dollars for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973 .

 

Al-Saadi said in a statement reported by the official “Al-Sabah” newspaper, “The agreement stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all storage and disposal centers and the final station, indicating that there are lost amounts resulting from these Turkish violations. ” .

 

He added, "Iraq's control of the pipeline is a "new sovereign element" to deal with Turkey according to the equation of the lost balance regarding concluding an agreement to share water between the two countries in the Tigris and Euphrates rivers," criticizing "Turkey's position, which still does not care about the drought and desertification that is sweeping the country due to the reduction in quantities the water it releases .

 

Al-Saadi added, "The Iraqi government must first resort to diplomatic methods to resolve the issues between Iraq and neighboring countries through diplomatic means, because Iraq has strong historical relations with neighboring countries without creating crises in the region, and in the event of the failure of diplomatic solutions regarding oil and water fields, resort to international courts."

 

 

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Added 07/17/2022 - 12:55 PM

Update 07/17/2022 - 4:06 PM