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

[horsesoldier]

5 hours ago, 3n1 said:

 

when in doubt u gotta trust the original magic 8 ball as the most reliable trusted source and for clear concise answers .

 

● Reply hazy, try again.
● Ask again later.
● Better not tell you now.
● Cannot predict now.
● Concentrate and ask again.

All my Magis 8 Ball does is bring up a Laughing Icon like this 

[lmb4321]

7 hours ago, horsesoldier said:

Soon brother, soon 

Horsesoldier.....Let's get The HCL passed.. ..then we are on our Way.....👋

[yota691]

Transparency website: The imports of Sulaymaniyah and Halabja during the past week amounted to more than 13 billion dinars

Kurdistan

14:40 - 2023-08-11

The transparency website announced the non-oil imports of the provinces of Sulaymaniyah and Halabja and the districts of Karmian and Rabrin during the past week, which exceeded 13 billion dinars.
According to the transparency website, the non-oil revenues in the governorates of Sulaymaniyah and Halabja and the two districts of Karmian and Rabrin from 5/8/2023 until 11/8/2023 are 13 billion and 543 million 493 thousand and 671 dinars, of which 9 billion 919 million 795 thousand and 371 dinars That is, 73% in cash, and 1 billion and 913 million and 977 thousand and 100 dinars, or 14%, in the form of sukuk, and the amount of 1 billion, 709 million, 701 thousand and 200 dinars in the form of clearing.
This, after 30 years of Kurdish rule in the Kurdistan Region, Qubad Talabani, Vice President of the Kurdistan Regional Government, announced on 12/15/2022 the project for transparency in non-oil imports in the governorates of Sulaymaniyah and Halabja and the administrations of Garmian and Rabrin, which is the first of its kind in Kurdistan and Iraq in general. .
The project was widely welcomed in the Kurdish circles, demanding that it be circulated to include oil imports and imports from all regions of Kurdistan.
Qubad Talabani said in a speech announcing the project: "I announce an important project, which is the project of transparency in non-oil imports." He added, "Transparency is a program that includes all non-oil imports in the governorates of Sulaymaniyah and Halabja and the administrations of Rabin and Garmian, as
they are collected daily with complete transparency and are written down so that everyone can view the details of those imports at any time through the website shafafiat.com."
This idea came about because transparency is the main pillar for the emergence of trust between the citizen and any political authority in the world, so it is important for you to look at it.

[6ly410]

 

18 years and oil and gas teetering between Baghdad and Erbil: Will the Sudanese be a victim of the duality of division in the administration of the state?- Urgent

Politics | Today, 17:45 | 

    18 years and oil and gas teetering between Baghdad and Erbil: Will the Sudanese be the victim of the duality of division in the administration of the state?- Urgent » Baghdad News Agency Today (baghdadtoday.news)

 

Baghdad Today - Baghdad

For 18 years, the crisis of legislating the oil and gas law between Baghdad and Erbil has been teetering without seeing the light of day in a way that makes it reflect positively on the management of the oil file in Iraq in conjunction with the continuous complexity of the political scene.

Greed returns and criticism

The management of oil and its financial revenues were the main points of contention between the two parties. Perhaps the return of the dispute is due to the monthly revenues it achieves that arouse their ambitions. The KRG's financial returns are estimated at about 80 percent after deducting production costs. According to the Ministry of Oil.

The financial returns of the first and second licensing rounds organized by Baghdad are estimated from 94.5 percent to 96.5 percent, and the cost of production is equivalent to 4 times the production cost in the licensing rounds of the Federal Ministry of Oil. According to the ministry.

Earlier in the day, the ministry criticized the region and said that it did not abide by the quotas allocated to Iraq under the OPEC agreements, which reflected negatively on the quantities of oil allocated to Iraq from the central and southern fields and thus reflected negatively on the financial returns of the federal government, despite bearing its burdens by securing the region's salaries.

On February 15, 2022, the Federal Supreme Court of Iraq issued a decision obliging Kurdistan to "hand over oil production from the region's fields to the federal government, and allow the Federal Ministry of Oil and the Financial Supervision Bureau to review the contracts concluded, and considered the oil and gas law legislated in the region to be unconstitutional."

The region is stalling

Oil expert Hamza al-Jawahiri seems convinced that the crisis is "contrived" by the region by interpreting the constitution's clear paragraphs related to oil, gas and natural resources with different interpretations.

According to the oil expert, "the decisions of the Federal Court are in line with the Constitution and the vision of the Federal Government, in addition to the decisions of the Paris Court of International Arbitration, which were consistent with the interpretations of the Federal Court."

Speaking to "Baghdad Today", he acknowledges that "these interpretations and decisions all justify the legislator and politician to approve the law, without political consensus, as they are supposed not to stand in the way of the constitutional text," pointing out that "the regional government is trying to procrastinate to circumvent these decisions to achieve their goal."

 

Best Legislation Chapter

MP Sajjad Salem, a member of the parliamentary legal committee, said the current legislative term is the "best" in terms of enacting laws, given the desire to increase momentum in this direction.

The member of parliament pointed out in an interview with "Baghdad Today" that government negotiations between Baghdad and Erbil are continuing on some laws, including oil and gas, "Once the controversial points are resolved, it will be sent to the House of Representatives for the first and second reading and then vote on it, and the law is still with the government."

 

Two articles and contradictions

Contrary to what has been mentioned, human rights defender Hani al-Basri calls for the need to postpone these laws until the completion of the proposed constitutional amendments, "the oil and gas law is one of the difficult laws." In his own words.

Basri believes that "Articles 111 and 112 of the Constitution, on which it is hoped that the legislation of the law will be based, are ambiguous and contradictory. While the first stipulates that oil and gas belong to all members of the Iraqi people in all regions and provinces, the second differentiates between current and future fields, giving the right to manage the current fields only jointly between the producing regions and provinces and the central government."

This means, according to a previous interview with the human rights activist, that the central government does not have the right to participate in managing all the fields discovered after the adoption of the constitution throughout Iraq.

 

Sudanese between the two parties to the conflict

At the political level, political analyst Mohammed Nana reveals that there are what he called "two parties to the conflict" currently in the current government, "the first of which represents the government headed by Mohammed Shia al-Sudani, who wants to proceed with the political agreements formed on the basis of which the government is formed, which will turn a blind eye to the violations."

As for the second party, it represents the strongest party in the coordination framework, according to Nana, and he adds to "Baghdad Today", saying: "He wants to obtain privileges for Baghdad on the region, and then proceed with the legislation of the law that the two parties adhere to on technical grounds."

"The problems are complex between political and technical, and they will continue with the existence of a divided duality within the administration of the state coalition," he concluded.

[yota691]

Despite Erbil handing over its oil to Baghdad... What is the reason for delaying the region's dues?

|Yesterday, 20:32 |

    

 

 

 

Baghdad today - Erbil

Today, Saturday (August 12, 2023), former Finance Committee rapporteur and member of the Democratic Party, Ahmed Al-Saffar, confirmed that fiscal policy in Iraq is absent and there is no transparency in monetary policy, while he indicated that there is a new problem between Baghdad and Erbil related to the issue of non-oil revenues, where you want Erbil handed over 50% of it, while Baghdad wants to get all the revenues.

 

Al-Saffar said in an interview with "Baghdad Today" that "the Iraqi constitution and financial laws are flexible and subject to jurisprudence and interpretations, and there is no work for the good use of public money, and the best evidence is that there is no commitment to the constitutional timings regarding the budget."

 

He added, "The budget is the largest in Iraq's history, and the fiscal year has ended, and the large amount cannot be spent during the remaining months of the current year."

He pointed out that "the financial situation in Iraq is reflected in the financial relationship between the federal government and the Kurdistan Regional Government, and the presence of rubber articles in the constitution related to the interpretation of articles related to the export of oil and gas."

 

And that "the oil file has come under the control of the federal government, and there is a lack of commitment to the text of the constitution and the document signed to form the government."

 

He pointed out that "the dispute now is about non-oil revenues related to taxes, customs and other matters, and according to the law, 50% goes to the governorate in which the border crossing is located."

 

And he added, "But the federal government wants to get all the revenues and then send 50% to the region and other provinces ," noting that "this is what led to a delay in sending the Kurdistan region's share of the budget, and salaries must be sent and not linked to these matters, because the regional government is now embarrassed in front of citizens.”

[6ly410]

ERBIL, Kurdistan Region - A petroleum association on Sunday called on both the Iraqi federal government and the Kurdistan Regional Government (KRG) to honor the contractual rights of the international oil companies (IOC) and ensure they are accounted for in the implementation of the budget and future hydrocarbon laws.

Delegations from the Iraqi oil ministry and the KRG have held meetings in recent weeks aimed at reaching a consensus on the final draft for the country’s much-needed hydrocarbon bill before it is presented to the Council of Ministers.

The Association of the Petroleum Industry of Kurdistan (APIKUR), which includes international oil and gas companies that are directly or indirectly involved in the production of the Kurdish oil, said that the implementation of the newly-passed Iraqi budget and the proposed oil and gas bill should guarantee the IOCs rights to cost recovery and share of profits.

“It is essential to the future of the industry in these regions, and the many jobs it supports, that the outcome of the negotiations include the cost recovery and profit to which the IOCs are entitled under existing Production Sharing Contracts (PSCs),” read the statement.

Under the Kurdistan Region’s PSC model, the IOCs cover the entire cost of production while the KRG receives the lion’s share of the profits from successful projects.

Iraq passed its highly-contentious federal budget in June after months of discussions. The budget law obliges the KRG to sell 400,000 barrels of crude oil through Iraq’s national oil marketing body and if the suspension continues, Iraq will take Kurdish oil for its internal use.

APIKUR said that the KRG would be reliant on the IOC production to achieve the number specified in the budget.

Calls for drafting a joint hydrocarbon law between Erbil and Baghdad have resurfaced since the formation of the new Iraqi government under Sudani in October, after a ruling from Iraq’s top court in February 2022 deeming the Kurdistan Region’s oil and gas law “unconstitutional” escalated tensions between the KRG and the federal government.

The Kurdistan Region's oil exports through Turkey's Ceyhan port are yet to resume after being put on hold in late March following a ruling from a Paris-based arbitration court saying that Ankara had breached its 1973 pipeline agreement with Baghdad.

[yota691]

International companies in the Kurdistan Region urge respect for their rights when enacting the oil and gas law

2023-08-14 04:38

 

Shafaq News/ The Kurdistan Petroleum Industry Association (IPCOR), on Monday, called on the governments of Baghdad and Erbil to preserve the contractual rights in the new oil and gas law to be legislated.

 

The union, which represents companies including "DNO", "Genel Energy", "Gulf Keystone Petroleum", "HKN Energy" and "ShaMaran Petroleum", said in a statement received by Shafaq News agency, "We urge the integration of companies' rights into the Iraq budget and any future laws." Oil and gas control in federal Iraq and the Kurdistan Region.

 

"It is essential for the future of the industry in these regions, and the many jobs that support them, that the outcome of the negotiations include recovery of costs and profits to which international oil companies are entitled under existing production sharing contracts," he added.

 

The Kurdistan Regional Government and the Iraqi federal government held a meeting on the fifth of August to discuss drafting a new oil and gas law. During the meeting, they agreed to form a committee to draft an oil and gas law to help resolve the dispute over the constitutional rights of the Kurdistan Region over oil and revenues.

 

Since 2005, the Iraqi Parliament has not been able to pass the draft law and the Kurdistan Region approved its own law and began its independent export through Turkey.

 

The dispute between Baghdad and Erbil over oil exports escalated last March, when the Court of Arbitration in Paris ruled against independent oil exports to Kurdistan under its 2007 law, prompting Turkey to halt oil exports via the Iraq-Turkey Pipeline (ITP).

 

So far, talks between Baghdad, Erbil and Ankara have failed to find a solution to resume oil exports. Moreover, according to the Iraqi budget law, the Kurdistan Region is required to deliver 400,000 barrels of oil per day.

 

A representative of the "IPCOR" consortium said in a statement to "Standard & Poor's" that the oil companies "want to guarantee their contractual rights, including cost recovery and entitlement to oil, and protect them in the discussions between Erbil and Baghdad."

 

"The international oil companies in Kurdistan must be compensated for the real costs, just as they are in federal Iraq. Our investments have fully funded the entire sector and there are solutions that will guarantee future foreign investment in the Iraqi energy sector," he added.

 

He pointed out that "the PSC (professional standards) model used in the Kurdistan Region has a competitive investment structure that is widely used in oil regions around the world."

 

He continued, "Within the framework of the security companies of the Kurdistan Region, the international oil companies bear all the financial risks, and in the event of success, the Kurdistan Region retains the majority share of the reward."

 

"To provide international oil companies with confidence in their contractual right to recover costs and receive profit payments from successful projects, the Kurdistan Company PSC model is governed by English law, with disputes settled through international arbitration at the London Court of International Arbitration," said the Epicor consortium.

 

The oil companies also said that it would not be possible for the Kurdistan Region to provide 400,000 barrels of oil per day to Baghdad, without the international oil companies operating in the Kurdistan Region.

 

"To achieve this, the Kurdistan Region will depend on production from fields run by the International Olympic Committee," he said.

 

"Despite the political, security and geological challenges in the region, the sector operated by the ICRC has developed from almost nothing 15 years ago to produce about 250,000 barrels of oil per day," he added.

 

"As (oil) the most important industry in Kurdistan by far, the oil and gas sector now provides tens of thousands of high-quality jobs directly through the IOCs themselves as well as indirectly through service companies and contractors and in the communities surrounding our operations, homes and offices," he added.

 

Moreover, due to the cessation of oil exports, foreign companies operating in the Kurdistan Region had to implement cost-cutting measures, which led to staff layoffs.

[6ly410]

International companies in the Kurdistan Region urge respect for their rights when enacting the oil and gas law

Economic News - International companies in the Kurdistan Region urge respect for their rights when enacting the oil and gas law (economy-news.net)

Economy News _ Baghdad

The Kurdistan Region Petroleum Industry Association (IPCOR) on Monday called on the governments of Baghdad and Erbil to preserve contractual rights in the new oil and gas law to be legislated.

The union, which represents companies including DNO, Genel Energy, Gulf Keystone Petroleum, HKN Energy and ShaMaran Petroleum, said in a statement received by Al-Eqtesad News, "We urge the integration of companies' rights into Iraq's budget and any future laws governing oil and gas in federal Iraq and the Kurdistan Region."

"It is imperative for the future of the industry in these regions, and the many jobs that support system" rel="">support them, that the outcome of the negotiations include the recovery of costs and profits to which IOCs are entitled under existing production-sharing contracts."

The Kurdistan Regional Government and the Iraqi federal government held a meeting on the fifth of August to discuss the drafting of a new oil and gas law, and agreed during the meeting to form a committee to draft the oil and gas law to help resolve the dispute over the constitutional rights of the Kurdistan Region over oil and revenues.

Since 2005, the Iraqi parliament has been unable to pass the bill and the Kurdistan Region has passed its own law and began its independent export via Turkey.

The dispute between Baghdad and Erbil over oil exports escalated in March, when the Paris Court of Arbitration ruled against Kurdistan's independent oil exports under its 2007 law, prompting Turkey to halt oil exports via the Iraqi-Turkish pipeline (ITP).

So far, talks between Baghdad, Erbil and Ankara have failed to find a solution to resume oil exports. Moreover, according to Iraq's budget law, the Kurdistan Region is required to deliver 400,<> barrels of oil per day.

A representative of the IPCOR consortium told Standard & Poor's that the oil companies "want to ensure their contractual rights, including cost recovery and oil entitlement, and protect them in discussions between Erbil and Baghdad."

"International oil companies in Kurdistan must be compensated for the real costs, just as in federal Iraq. Our investments have fully financed the entire sector and there are solutions that will ensure future foreign investment in Iraq's energy sector."

He pointed out that "the PSC model (professional standards) used in the Kurdistan Region has a competitive investment structure that is widely used in oil regions around the world."

"Within the framework of the Kurdistan Region's private security companies, international oil companies bear all financial risks, and in the event of success, the Kurdistan Region retains the majority of the share of the reward," he said.

"To provide international oil companies with confidence in their contractual right to recover costs and receive dividend payments from successful projects, the Kurdistan Company (PSC) model is governed by English law with dispute resolution by international arbitration at the London Court of International Arbitration," APICOR said.

Oil companies also said that it would not be possible for the Kurdistan Region to provide 400,<> barrels of oil per day to Baghdad without international oil companies operating in the Kurdistan Region.

"To achieve this, the Kurdistan Region will rely on production from fields managed by the IOC," he explained.

"Despite the political, security and geological challenges in the region, the ICRC-run sector evolved from almost nothing 15 years ago to produce about 250,<> barrels of oil per day."

"As (oil) the most important industry in Kurdistan to date, the oil and gas sector now provides tens of thousands of high-quality jobs directly through the IOCs themselves as well as indirectly through service companies and contractors and in the communities adjacent to our operations, homes and offices."

Moreover, due to the cessation of oil exports, foreign companies operating in the Kurdistan Region were forced to implement cost-cutting measures, resulting in layoffs.

Views 60

Added 2023/08/14 - 11:59 AM

 

[yota691]

Baghdad checked the employees' data.. The region will receive its budget soon and with retroactive effect

sweeteners |Today, 15:52 |

    

 

Baghdad today - Kurdistan

A former member of the Finance Committee in the dissolved Kurdistan Region Parliament, Sabah Hassan, confirmed, on Monday (August 14, 2023), that an agreement was soon reached on sending the region’s budget retroactively.

 

Hassan said in an interview with "Baghdad Today" that "the federal financial oversight delegation present in the region conducted a comprehensive review of the data, statistics and numbers of employees in Kurdistan and audited them."

 

He added, "The governments of Baghdad and Erbil will reach an agreement in the coming days, and the entire share of the region will be sent retroactively from the beginning of this year, and the advances sent by Baghdad will be deducted."

 

And on August 11, the first real move began to implement the budget instructions, especially Articles 12 and 13 of the Federal General Budget Law, so that Baghdad could send the funds and dues of the Kurdistan region from the budget, which are supposed to amount to more than 25 trillion Iraqi dinars for the year 2023 .

 

This step was represented by the arrival of a high-ranking delegation from the Office of Financial Supervision in the federal government to the Kurdistan region "to conduct a comprehensive and extensive inventory with tedious details on all the Kurdistan Region's expenditures for the year 2022 as well as the first six months of this year," according to a source in the Presidency of the Kurdistan Region who spoke to "Baghdad." today .”

 

The source said, "The delegation will stay in the region for a period of 10 days, as the Ministry of Finance and Economy in Kurdistan informed all government departments and institutions in the region to prepare all the necessary papers for expenses for the aforementioned period for the delegation of the Office of Financial Supervision to see them," indicating that "a delegation from the Office of Financial Supervision will accompany them In the region, the delegation of the Financial Supervision Bureau of the federal government .

 

He explained that "after the return of the delegation of the Financial Supervision Bureau to Baghdad, another delegation will come from the capital to Kurdistan from the Bureau of Financial Supervision to review all the numbers and expenses provided by the regional government regarding expenses and the number of employees as well as the volume of imports," noting that "this procedure comes among the steps The first is to implement the provisions of the tripartite budget .

 

Articles 12 and 13 of the budget included obligations on the Kurdistan region, which included reviewing all non-oil revenues and expenses by the Federal Office of Financial Supervision, and handing them over to Baghdad, as well as 400,000 barrels per day of oil, in exchange for releasing Kurdistan’s share of the budget, which amounts in full to 25 trillion dinars, but It is funded on a monthly basis, with more than 2 trillion dinars per month.

 

 

[yota691]

POSTED ON 2023-08-15 BY SOTALIRAQ

International companies in the Kurdistan Region urge respect for their rights when enacting the oil and gas law

On Monday, the Kurdistan Petroleum Industry Association (IPCOR) called on the governments of Baghdad and Erbil to preserve the contractual rights in the new oil and gas law to be enacted.

The union, which represents companies including “DNO”, “Genel Energy”, “Gulf Keystone Petroleum”, “HKN Energy” and “ShaMaran Petroleum”, said in a statement, “We urge that the rights of companies be incorporated into the Iraq budget and any future laws governing oil and gas in Iraq.” Federal Iraq and the Kurdistan Region.

"It is essential for the future of the industry in these regions, and the many jobs that support them, that the outcome of the negotiations include recovery of costs and profits to which international oil companies are entitled under existing production sharing contracts," he added.

The Kurdistan Regional Government and the Iraqi federal government held a meeting on the fifth of August to discuss drafting a new oil and gas law. During the meeting, they agreed to form a committee to draft an oil and gas law to help resolve the dispute over the constitutional rights of the Kurdistan Region over oil and revenues.

Since 2005, the Iraqi Parliament has not been able to pass the draft law and the Kurdistan Region approved its own law and began its independent export through Turkey.

The dispute between Baghdad and Erbil over oil exports escalated last March, when the Court of Arbitration in Paris ruled against independent oil exports to Kurdistan under its 2007 law, prompting Turkey to halt oil exports via the Iraq-Turkey Pipeline (ITP).

So far, talks between Baghdad, Erbil and Ankara have failed to find a solution to resume oil exports. Moreover, according to the Iraqi budget law, the Kurdistan Region is required to deliver 400,000 barrels of oil per day.

A representative of the “IPCOR” consortium said in a statement to “Standard & Poor’s” that the oil companies “want to guarantee their contractual rights, including cost recovery and oil entitlement, and protect them in the discussions between Erbil and Baghdad.”

He added, “The international oil companies in Kurdistan must be compensated for the real costs, just as they are in federal Iraq. Our investments have fully funded the entire sector and there are solutions that will ensure future foreign investment in the Iraqi energy sector.”

He pointed out that “the PSC (professional standards) model used in the Kurdistan Region has a competitive investment structure that is widely used in oil regions around the world.”

He continued, "Within the framework of the security companies of the Kurdistan Region, the international oil companies bear all the financial risks, and in the event of success, the Kurdistan Region retains the majority of the share of the reward."

"To provide international oil companies with confidence in their contractual right to recover costs and receive profit payments from successful projects, the Kurdistan Company PSC model is governed by English law, with disputes settled through international arbitration at the London Court of International Arbitration," the Epicor consortium said.

The oil companies also said that it would not be possible for the Kurdistan Region to provide 400,000 barrels of oil per day to Baghdad, without the international oil companies operating in the Kurdistan Region.

"To achieve this, the Kurdistan Region will depend on production from fields run by the International Olympic Committee," he explained.

He continued, "Despite the political, security and geological challenges in the region, the sector managed by the ICRC has developed from almost nothing 15 years ago to produce about 250,000 barrels of oil per day."

"As (oil) the most important industry in Kurdistan by far, the oil and gas sector now provides tens of thousands of high-quality jobs directly through the IOCs themselves as well as indirectly through service companies and contractors and in the communities adjacent to our operations, homes and offices," he added.

Moreover, due to the cessation of oil exports, foreign companies operating in the Kurdistan Region had to implement cost-cutting measures, which led to staff layoffs.

[yota691]

Expert: 6 Turkish conditions for re-exporting Iraqi oil

2023.08.16 - 13:51

 

Baghdad - people  

On Wednesday, Professor of Economics at the University of Basra, Nabil Al-Marsoumi, revealed six Turkish conditions for re-exporting Iraqi oil.  

 

Al-Marsoumi stated in a post followed by “NAS” (August 16, 2023) that the conditions are as follows: –  

  

First: stopping the application of the clearing agreement between Iraqi oil and Iranian gas, because Turkey and Kurdistan have an agreement on oil for a period of 50 years.  

  

Second: Paying compensation for resuming the region's oil exports.  

  

Third: The withdrawal of the second lawsuit by Baghdad at the International Court of Arbitration for compensation for the period 2018-2022.  

  

Fourth: Continuing to give Turkey a discount of $13 on the price of each barrel of crude oil exported from the region.  

  

Fifth: Continuing to pay transportation fees to the Turkish company BOTAS in the amount of 7 dollars per barrel of crude oil exported through the Turkish port of Ceyhan.  

  

Sixth: Iraq should bear the cost of repairing the Iraqi-Turkish pipeline.  

[yota691]

Turkey imposes 6 conditions for resuming the export of Iraqi oil.. aborting the barter agreement with Iran first

economy |Today, 13:44 |

    

 

 

Baghdad today - Baghdad

Today, Wednesday (August 16, 2023), the expert on economic affairs, Nabil Al-Marsoumi, identified six conditions that Turkey places on Iraq in return for re-exporting oil through the port of Ceyhan. 

Al-Marsoumi, in a clarification he wrote on social media and monitored by "Baghdad Today", said: "What are the Turkish conditions for re-exporting Iraqi oil?

The decree enumerated these conditions as follows: 

First: stopping the application of the clearing agreement between Iraqi oil and Iranian gas, because Turkey and Kurdistan have an agreement on oil for a period of 50 years.

Second: Paying compensation for resuming the region's oil exports. 

Third: The withdrawal of the second lawsuit by Baghdad at the International Court of Arbitration for compensation for the period 2018-2022. 

Fourth: Continuing to give Turkey a discount of $13 on the price of each barrel of crude oil exported from the region. 

Fifth: Continuing to pay transport fees to the Turkish company BOTAS in the amount of 7 dollars for each barrel of crude oil exported through the Turkish port of Ceyhan. 

Sixth: That Iraq bear the cost of repairing the Iraqi-Turkish pipeline. 

pressure factor  on Ankara

Economists show the extent of the impact of the oil agreement between Iraq and Iran on Turkey, while they considered the barter a "great pressure factor" on Ankara .

If the barter agreement between Iranian gas and Iraqi oil is implemented, this means that Iraq will export to Iran through tankers about 200,000 barrels per day of crude oil produced in the fields of Kurdistan and Kirkuk.

Turkey stopped exports amounting to 450,000 barrels per day from northern Iraq through the Iraqi-Turkish pipeline on March 25, by a decision of the International Chamber of Commerce. 

The Chamber ordered Turkey to pay Baghdad $1.5 billion in compensation for the damages it suffered from the Kurdistan Regional Government’s export of oil without a permit from the government in Baghdad between 2014 and 2018 .

And the Kurdistan Regional Government began exporting crude independently of the federal government in 2013, a step that Baghdad considered illegal.

Attempts to restart the pipeline were delayed by the Turkish presidential elections, and discussions between the oil marketing company (SOMO) of the central government and the Kurdistan government regarding the export deal. 

 

[gregp]

I would tell Turkey to pound sand

[yota691]

The Norwegian "DNO" company resumes oil production in the Kurdistan Region

2023-08-17 03:19

 

Shafaq News/ The Norwegian oil company, DNO, said today, Thursday, that it had partially resumed last month oil production from the Tawki field in the Kurdistan Region of Iraq, and produced oil for the local market at a reduced price, with the continued closure of a major export pipeline.

 

The company stated that its main field, Tawki, is now producing at a rate of 40,000 barrels of oil per day, while the neighboring Bishkabir field is still closed, according to Reuters.

 

"While there is no light at the end of the export pipeline, we expect ... more and more trucks transporting our Tawke field cargoes on a pay-and-load basis," said DNO CEO Began Musafir Rahmani.

 

And the Norwegian company turned to recording operating losses amounting to $ 15 million in the second quarter of the year, compared to recording profits of $ 81 million a year ago, with its total net production declining to the lowest level in 13 years.

 

DNO had halted its production in the Kurdistan Region when Turkey closed an export pipeline in March after Baghdad won an arbitration case at the Paris-based International Chamber of Commerce.

[yota691]

Kurdistan Oilfield Restarted Despite Ongoing Export Halt

By Tsvetana Paraskova - Aug 17, 2023, 7:27 AM CDT

 

Norwegian oil and gas operator DNO ASA said on Wednesday that oil production from its Tawke field in Kurdistan had been restarted following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route.

The export route remains closed and “there is no light at the end of the export pipeline,” DNO said today.  

DNO restarted oil production last month to conduct well integrity tests and synchronize reservoir models but has continued production in response to strong demand for Tawke oil. Field output currently averages 40,000 barrels of oil per day (bopd). The nearby Peshkabir field on the same license remains closed, DNO said.

 

 

One-half of the oil production from Tawke is delivered to the Kurdistan Regional Government and the balance is sold by DNO on behalf of the contractors (DNO 75% and Genel Energy 25%) to local trading companies and the oil is transported by road tanker. 

“While there is no light at the end of the export pipeline, we are seeing the headlights of more and more incoming tanker trucks loading up our Tawke cargoes on a cash-and-carry basis,” DNO Executive Chairman Bijan Mossavar-Rahmani said. 

Kurdistan’s crude oil exports—around 400,000 bpd shipped through an Iraqi-Turkey pipeline to Ceyhan and then on tankers to the international markets—were halted on March 25 by the federal government of Iraq.

The suspension of crude oil flows out of northern Iraq and Kurdistan via Ceyhan forced companies to either curtail or suspend production because of limited capacity at storage tanks.

Iraq and Kurdistan have not exported crude oil from the Turkish port of Ceyhan on the Mediterranean since March 25, due to ongoing disputes about who is in charge of exports.  

 

Iraq, OPEC’s second-largest producer after Saudi Arabia, is currently exporting oil by sea only via its southern oil export terminals. Around 450,000 bpd of exports from the northern fields and from Kurdistan continue to be shut in due to the dispute

[yota691]

It lasted 10 days.. Kurdistan's finances reveal the details of a federal delegation's visit to the region's outlets

2023-08-17 13:52

Shafaq News/ The Ministry of Finance and Economy of the Kurdistan Regional Government announced, on Thursday, the details of the visit of a delegation from the Federal Office of Financial Supervision to the border crossings of the region, confirming that all facilities are provided to them.

 

The official spokesman for the ministry, Honor Jamal, said during a press conference attended by Shafaq News Agency in Sulaymaniyah: "10 days ago, there was a federal delegation from the Office of Financial Supervision to review the financial accounts of the border crossings."

 

Jamal added, "The federal financial control delegation held several meetings with the General Directorate of Accounting, Customs, Taxes, and Budget and a number of directorates and ministries in the Kurdistan Regional Government," stressing, "providing all facilities to the financial delegation, and not recording any financial violation at the border crossings."

 

And that "two years ago, there has been coordination between the Ministry of Finance and the Bureau of Financial Supervision, and all data related to financial matters have been submitted," stressing that "after the approval of the federal budget for the current year, all financial accounts have been submitted to the Federal Financial Control."

 

In a separate context, the director of Pervez Khan International outlet, Abbas Ismail, confirmed during a press conference attended by the agency, and in response to some of the accusations hurled by a member of the Sulaymaniyah Provincial Council yesterday during a television interview, that "everything that the member spoke about was untrue, and it was not carried out." Smuggling oil from that port, according to the claim of that member.”

 

The director of the outlet indicated that "the outlet will file a judicial complaint against the member who provided misleading information in a media outlet, and the judiciary will be the final judge on these accusations."

 

The head of the Energy and Industry Committee in the Sulaymaniyah Provincial Council, Karim Ali, and during an interview he gave on the Rudaw satellite channel, he talked about suspicions of corruption in the Garmian outlets, specifically the Pervez Khan outlet, and oil smuggling without paying fees and taxes, and he presented audio recordings during the program confirming what he said. .

 

 

[yota691]

Postponing the KRG delegation's visit to Baghdad for an indefinite period

 

14:21 PM

Zakros - Erbil 

Today, Sunday (August 20, 2023), the spokesman for the Kurdistan Regional Government, Peshwa Hauramani, announced the postponement of the visit of the negotiating delegation of the Kurdistan Regional Government to Baghdad, until further, indefinite notice.

 

"The delegation of the Kurdistan Regional Government was scheduled to visit the Iraqi capital, Baghdad, today, Sunday, to discuss the financial dues of the region and send the salaries of employees, but the visit was postponed indefinitely," Hauramani said in a special statement to the Kurdistan Satellite Corporation.

 

Yesterday, the Deputy Speaker of the Iraqi Council of Representatives, Shakhwan Abdullah, stated that the delegation's visit, which was scheduled for Sunday to Baghdad, was for the final agreement on the date of sending the region's financial dues after preparing the salary lists of Kurdistan employees and handing them over to the federal finances, as those salaries are part of the actual spending in the law budget.

 

And he continued: "There is no justification left for the Iraqi government not to send the salaries of employees, in preparation for the payment of the region's salaries and budget dues for the coming months smoothly, similar to other provinces, in implementation of the law and not as charity or a grant, in addition to Baghdad paying the money it owed for the past period in favor of the region." For the regional government to pay the delayed salaries to its employees. 
 
In turn, a spokesman for the Ministry of Finance in the Kurdistan Region indicated that the financial deficit for this month amounted to 321 billion dinars, as it was covered through internal revenues to be able to pay the salaries of employees, stressing that "the regional government has fulfilled its obligations and we hope that the federal government will By sending the Kurdistan Region's share of the budget from now on, on the specified dates, without delay or delay.

[yota691]

Al-Yakti is “displeased” with Baghdad: it concluded an oil contract within a “disputed” area without referring to us

economy |Yesterday, 13:48 |

    

 

Baghdad today - Kurdistan 

Today, Saturday (August 19, 2023), the advisor for energy affairs in the Media Office of the Patriotic Union of Kurdistan, Bahgat Ahmed, revealed that the Federal Ministry of Oil had concluded a contract for the licensing round with foreign companies, including the UAE Energy Company.

 

Ahmed said in an interview with "Baghdad Today" that "according to this contract, the Emirati company will invest in a field in Diyala Governorate, and within the disputed areas between Baghdad and Erbil."

 

He added, "The Iraqi government concluded the contract without referring to the Kurdistan Regional Government, and this issue is due to the old laws."

 

He pointed out that "these laws centrally manage the oil file, and this means the continuation of problems with the region, due to the failure to pass the oil and gas law."

And he indicated that "the Iraqi constitution obliged the federal government to take the region's opinion regarding oil and gas investment in the disputed areas, but Baghdad did not abide by this constitutional article."

 

Since 2014, energy and industry policy in Iraq has been divided between the federal government and the Kurdistan Regional Government, and despite the ambiguity surrounding the Iraqi constitution, the latter calls for sharing responsibility between these two governments regarding the oil and gas sector.

 

However, the Federal Council of Representatives has not yet passed an oil and gas law that defines those rights and responsibilities.

 

Observers believe that each side created facts based on its interpretation of the constitution, and thus it ended up with two sets of energy policies, contract models, international oil companies and buyers. 

 

 

[yota691]

Vian Sabri: There is no excuse left for Baghdad not to send the Kurdistan Region's share of the budget

 

15:51 PM

Zagros Arabia - Erbil

The head of the Kurdistan Democratic Party bloc in the Iraqi Parliament said that the Kurdistan Regional Government has committed to all the terms of the agreement signed with Baghdad regarding the budget and the region's share, noting that the Iraqi government must abide by its commitments and send the region's share of the general budget.

 

Sabri stated in a statement to the official website of the Kurdistan Democratic Party, today, Monday, that "what happened to the Kurdistan Region in terms of rights during the talks between the regional government and the federal government was implemented by the Kurdistan Regional Government, and Baghdad must now abide by the terms of the agreement and send the region's full share of the general budget and not in the form of payments." or delay in transmission.

 

She added, "The Iraqi government has not yet committed itself to the provisions of the budget law, citing various pretexts, and a delegation from the Kurdistan Regional Government visited Baghdad and handed over to the federal government all the papers and documents required according to the budget law with full transparency."

 

A delegation from the Federal Office of Financial Supervision also visited the Kurdistan Region and watched all the procedures and steps taken in a transparent manner, and there was nothing left but for Baghdad to comply and send the region's dues, according to Sabri.

 

On June 12, the Iraqi Parliament approved the financial budget law for three years, with expenditures amounting to 198 trillion and 910 billion dinars ($153 billion) per year, and the Kurdistan Region’s share amounts to 12.67 percent. 

 

The budget also includes changes with regard to the agreement reached between Baghdad and Erbil in April to open the way for the resumption of exporting the region's oil via Turkey, after exports stopped since March, following the decision of an international arbitral tribunal that gave Baghdad the right to manage the oil file in the region.

 

According to the budget law, the region's oil exports pass through the Iraqi Oil Products Marketing Company (SOMO), as Erbil delivers at least 400,000 barrels per day of oil to Baghdad. Revenues from the export of the region's oil should also be deposited in a bank account opened by the Federal Ministry of Finance at the Central Bank of Iraq. 

[yota691]

Oil Minister arrives in Ankara on an official visit

• Time: 08/21/2023 18:00:38
•  
• Read: 169 times

  

 

 

Today, Monday, corresponding to 8/21/2023, the Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani, arrived in the Turkish capital, Ankara, on an official visit that lasts for two days. To conduct discussions related to developing bilateral relations, and expanding horizons of cooperation in the field of oil, gas and energy, in addition to discussing the file of resuming Iraqi oil exports through the Turkish port of Ceyhan, and Minister Abdul Ghani will meet with the Turkish Minister of Energy and Natural Resources, Mr. Bridges of trust and cooperation leading to an agreement on resuming the process of exporting Iraqi oil through the Oil Marketing Company "SOMO" exclusively.

Embassy of the Republic of Iraq / Ankara

[yota691]

Iraq and Turkey stress the importance of resuming oil flows after rehabilitating the pipelines

2023.08.22 - 15:21

 

Baghdad - Nas  

The Iraqi and Turkish oil ministers stressed, on Tuesday, the importance of resuming oil flows after the completion of pipeline rehabilitation operations.  

 

A statement by the Ministry of Oil, which "NAS" received a copy of, (August 22, 2023), stated that "the Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani met in Ankara with the Turkish Minister of Energy and Natural Resources Alp Arslan Bayraktar."  

  

He added, "The two ministers discussed a number of bilateral and regional issues of common concern and stressed the importance of the crude oil pipeline between Iraq and Turkey, and the resumption of crude oil flows, after the completion of the necessary rehabilitation and examination processes that require their implementation after the earthquake incident last February."  

  

The two ministers emphasized "enhancing prospects for joint cooperation in the fields of energy, oil and gas, electrical interconnection and renewable energy."  

  

The statement indicated that "the joint Iraqi-Turkish economic committee, which is chaired by the two ministers, decided to hold the nineteenth meeting of the committee in Baghdad, the date of which will be determined later."  

[yota691]

The Iraqi-Turkish Joint Economic Committee decides to hold its next meeting in Baghdad

• Time: 08/22/2023 15:05:27
•  
• Read: 377 times

  

{Economic: Al Furat News} The Iraqi-Turkish Joint Economic Committee decided today, Tuesday, to hold its next meeting in Baghdad

 

And the media of the Ministry of Oil said in a statement received by {Euphrates News} that "the Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, met in Ankara, the Turkish Minister of Energy and Natural Resources, Alp Arslan Bayraktar, and the two ministers discussed a number of bilateral and regional issues of common concern." 

 

They also stressed "the importance of the crude oil pipeline between Iraq and Turkey, and the resumption of crude oil flows, after the completion of the necessary rehabilitation and examination operations that are required to be implemented after the earthquake accident on February 6, 2023." 

 

They emphasized the promotion of prospects for joint cooperation in the fields of energy, oil and gas, electrical interconnection and renewable energy.

 

While the Iraqi-Turkish joint economic committee, headed by the two ministers, decided to hold the committee's nineteenth meeting in Baghdad, the date of which will be determined later.

[yota691]

Iraq and Turkey stress the importance of resuming crude oil flows through the joint pipeline

 

Part of the Iraqi delegation's meeting in Ankara with Turkish officials

 August 22, 2023 04:09 PM

Mubasher: The Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, met in Ankara today, Tuesday, with the Turkish Minister of Energy and Natural Resources, Alp Arslan Bayraktar.

 

The two ministers discussed, according to a statement by the Ministry of Oil, a number of bilateral and regional issues of common concern.

 

They also stressed the importance of the crude oil pipeline between Iraq and Turkey, and the resumption of crude oil flows, after the completion of the necessary rehabilitation and examination operations that required their implementation after the earthquake accident on February 6, 2023 AD.

The two ministers emphasized enhancing prospects for joint cooperation in the fields of energy, oil and gas, electrical interconnection and renewable energy.

 

The Iraqi-Turkish joint economic committee, headed by the two ministers, decided to hold the committee's nineteenth meeting in Baghdad, with a date to be determined later.

 

Yesterday evening, Monday, the Minister of Oil arrived in the Turkish capital, Ankara, at the head of a ministerial delegation. to hold discussions with Turkish officials on several files; Foremost among them is the resumption of Iraqi oil exports through the Turkish port of Ceyhan.

 

On March 25, Turkey stopped Iraq's oil exports, amounting to 450,000 barrels per day. After a ruling in an arbitration case issued by the International Chamber of Commerce in favor of Baghdad.

[yota691]

oil; Resumption of crude oil flows after the completion of the necessary rehabilitation and examination operations

PM:04:12:22/08/2023

32 views

 

 

Today, Tuesday, the Iraqi and Turkish oil ministers stressed the importance of resuming oil flows after the completion of pipeline rehabilitation operations.

 

A statement from the Oil Ministry, which NRT Arabia received a copy of, stated that "Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul-Ghani met in Ankara with Turkish Minister of Energy and Natural Resources Alp Arslan Bayraktar."

 

He stated, "The two ministers discussed a number of bilateral and regional issues of common concern, and stressed the importance of the crude oil pipeline between Iraq and Turkey, and the resumption of crude oil flows, after the completion of the necessary rehabilitation and examination processes that are required to be implemented after the earthquake incident last February."

 

The two ministers referred to "enhancement of prospects for joint cooperation in the fields of energy, oil and gas, electrical interconnection and renewable energy."

 

The statement noted that "the joint Iraqi-Turkish economic committee, which is chaired by the two ministers, decided to hold the nineteenth meeting of the committee in Baghdad, the date of which will be determined later."

[yota691]

Barzani's party reveals the developments of the dispute with the State Administration Coalition

2023.08.22 - 19:38

 

Baghdad - people  

The Kurdistan Democratic Party said that it had addressed the State Administration Coalition in writing with "violations" of the agreements concluded with the Kurdistan Regional Government.  

 

Mahmoud Muhammad, a spokesman for the Kurdistan Democratic Party, said, in a press conference followed by "NAS" (August 22, 2023), that "the Kurdistan Democratic Party met with the ruling coalition and informed them that they did not deal with the Kurdistan Regional Government according to the agreements, and they were informed in writing of the violations."  

  

The spokesman added that "a technical committee from the Kurdistan region will visit Baghdad soon to solve all the obstacles facing the file."  

  

He also said that: "The State Administration Coalition, in response to the Kurdistan Region's letter, said that they would work to resolve outstanding issues between the two sides, and said that they asked for time to resolve matters, and in this context the technical delegation will return to Baghdad."  

  

He pointed out that, "with regard to the provincial elections scheduled for December 18," he said: "The names of the candidates of the Kurdistan Democratic Party have been submitted to the Iraqi High Electoral Commission for approval."