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

[gregp]

Run a line through Jordan. 

[yota691]

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

• Time: 10/02/2023 10:06:24
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• Read: 2,457 times

  

{Economic: Al-Furat News} Turkish Energy Minister Alp Arslan Bayraktar announced on Monday that the oil pipeline linking Iraq and Turkey is ready and will resume its work this week.

 

Bayrakdar announced on September 14 that the oil pipeline between Iraq and Turkey will be technically ready for operation soon, and will be qualified to transport oil from northern Iraq to the Turkish port of Ceyhan for export.

 

It is noteworthy that Turkey stopped flows through the pipeline on March 25, after a ruling in an arbitration case issued by the International Chamber of Commerce ruled Ankara to pay compensation to Baghdad for unauthorized exports by the Iraqi Kurdistan Regional Government between 2014 and 2018.

 

Turkey then began maintenance work on the pipeline that passes through a seismically active area, which it says was damaged by the earthquake that struck Turkey last February.

 

Last August, Oil Minister Hayan Abdul Ghani agreed with Turkish Minister of Energy and Natural Resources Alp Arslan Bayraktar in Ankara on the importance of resuming the flow of Iraqi Kurdistan oil to Turkey, after the completion of pipeline rehabilitation operations.

 

It is noteworthy that Turkish President Recep Tayyip Erdogan had held Baghdad responsible for resuming the pumping of Iraqi Kurdistan’s oil, as he announced on July 12, 2023, that the delay in the return of supplies and the payment of compensation was due to the dispute between the central government in Baghdad and the regional government in Erbil.

 

The Iraqi government had filed a lawsuit against Turkey for obtaining crude oil from the Kurdistan region without its approval, which the International Chamber of Commerce relied on in its ruling to stop exports, and ruled to compensate Baghdad about 1.47 billion dollars.

 

The decision led to the interruption of supplies amounting to about 400,000 barrels per day of crude oil from Kurdistan fields in northern Iraq, in addition to 75,000 barrels from other Iraqi regions heading from Kirkuk to the Turkish port of Ceyhan on the Mediterranean Sea, with a length of 970 kilometers.

[yota691]

After months of suspension and years of disputes.. What is the Iraqi-Turkish oil line?

• Time: 10/02/2023 13:56:08
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• Read: 1,183 times

  

{Economic: Al-Furat News} After a hiatus that lasted for more than seven months, the Iraqi oil pipeline will resume operation during this week, according to what Turkey announced on Monday.

 

The Turkish Minister of Energy, Alp Arslan Bayraktar, revealed that the operation of the Iraqi pipeline “will be able to transport about half a million barrels to global markets.”

Iraqi-Turkish oil pipeline

 

Iraq, which is the second largest oil producer in OPEC after Saudi Arabia, has the fifth largest proven oil reserves in the world, amounting to 145 billion barrels, representing 17 percent of the reserves in the Middle East, according to the US Energy Information Administration (EIA).

 

The Iraq-Turkey pipeline was developed to help the country export more than one million barrels of crude oil per day to the Mediterranean region via the Turkish port of Ceyhan.

The two sides signed the agreement to operate the line in 1973, and made updates to it in the years 1976 and 1985, until 2010, the year in which the agreement was extended.

The signed 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."

 

Years of disagreements

Tensions began between Ankara and Baghdad over the issue, as a result of disagreements between Kurdistan and the federal government over the management of the natural resources file, especially after 2007, when the region issued the oil and gas law, which was followed by the establishment of several companies to explore, produce, refine and market oil.

 

During the following years, the Kurdistan region of Iraq concluded a group of contracts with foreign companies for exploration and extraction of oil, without the approval of the federal government, which Baghdad considers its right under the constitution.

 

Since early 2014, Ankara has allowed the Iraqi Kurdistan Regional Government to export oil independently of the federal Oil Ministry, by linking Kurdish pipelines to the line coming from Kirkuk in the Iraqi Kurdistan border town of Fish Khabur.

 

The move enabled the Iraqi Kurdistan government to sell its oil directly to the market and keep the revenues, in a step that Baghdad considered illegal, while the Kurds considered it compensation for the withheld salaries. According to an analytical paper by Mike Nets, a fellow at the Washington Institute for Near East Policy.

 

Despite the dispute over this oil, its attractiveness was great for importers in the region, especially since Erbil was selling it at a discount ranging between 15-18 dollars according to 2022 data, according to the analysis.

 

The same source pointed out that despite the region's losses in revenues due to the discount rates, it "did not submit to Baghdad," which burdened Kurdistan's financial resources with billions of dollars in debt.

 

It was also previously agreed that the Kurdistan region would deliver 250,000 barrels of oil per day to be exported from Baghdad, in exchange for a share of the general budget paid as salaries to government employees and other expenses.

 

But Erbil never delivered oil, and payments from Baghdad were irregular, according to an analysis as well. 

 

In May 2014, this dispute prompted the Iraqi Oil Marketing Company to file an arbitration case with the International Chamber of Commerce, on behalf of the Ministry of Oil. 

Baghdad considered that Turkey had violated the signed pipeline agreement by importing oil from Iraqi Kurdistan without the permission of the Iraqi state. 

 

Last March, the International Chamber of Commerce ruled that Turkey must pay Baghdad $1.5 billion in compensation, based on a condition in the 1973 agreement stipulating that Turkey would only buy oil through the Iraqi government oil marketing company, according to Foreign Policy.

 

Consequences of the decision

Since then, Turkey has stopped the transit of about 350,000 barrels per day of crude oil from the Kurdistan region and Kirkuk fields via the pipeline that reaches global markets through the Turkish port of Ceyhan, after a ruling in an arbitration case issued by the International Chamber of Commerce ordered Ankara to pay compensation to Baghdad for... Unauthorized exports by the Kurdistan Regional Government of Iraq between 2014 and 2018.

 

Turkey then began maintenance work on the pipeline, which is more than 900 kilometers long and passes through a seismically active area, after it said it was damaged by the earthquake that struck the country in February.

 

Before its operations stopped, the pipeline transported about 80,000 barrels per day of crude oil exports from Kirkuk Governorate and about 390,000 barrels per day of exports from Iraqi Kurdistan, which enjoys semi-autonomy, according to the Intelligence Energy website.

 

Turkey's suspension of the transportation process cost Baghdad and Erbil about $5 billion of their total revenues through this line, until late August, while Ankara's losses ranged between $2 and $3 million per day from oil transit fees on its territory, according to figures from the Middle East Institute.

 

Although they constitute only 0.5 percent of global supplies, the cessation of crude exports through the Kirkuk-Ceyhan pipeline caused an increase in oil prices, returning to levels of $80 per barrel in March.

 

At the end of this, the Iraqi federal government and the autonomous Kurdistan Region signed their temporary oil agreement in April, stipulating that Baghdad would undertake the process of fully supervising the export of oil from the region’s fields.

 

Last May, the Iraqi Ministry of Oil asked oil and gas companies operating in the Kurdistan region to sign new contracts with the state-owned marketing company (SOMO) instead of the regional government.

[yota691]

Türkiye: The oil pipeline with Iraq will start operating this week

 

- 02-10-2023 10:32 AM - Number of views: 5217

 

Turkish Energy Minister Alp Arslan Bayraktar announced on Monday that his country intends to resume operation of the oil transport pipeline from Iraq to Turkey this week.

Bayraktar said, "The pipeline to transport oil from Iraq is ready from today."

A few days ago, Bayrakdar said that the oil export pipeline from northern Iraq via Turkey would be ready to resume operations soon after conducting checks to maintain the line and repair the damage caused by the floods.

Bayraktar stated that the inspection of the oil pipeline has been completed and it will be “technically” ready for operation soon.

Turkey stopped flows through the pipeline located in northern Iraq on March 25, after a ruling in an arbitration case issued by the International Chamber of Commerce ordered Ankara to pay compensation to Baghdad for unauthorized exports by the Iraqi Kurdistan Regional Government between 2014 and 2018.

The Iraqi and Turkish oil ministers did not reach any agreement on resuming oil exports from the Kurdistan Region, during the Iraqi minister’s visit to Ankara on Tuesday, 8/22/2023.

[yota691]

Turkish Minister of Energy: This week, we will start operating the oil pipeline between Iraq and Turkey

2023-10-02 02:55

 

Shafaq News Turkish Energy Minister Alp Arslan Bayraktar announced on Monday that his country intends to resume operation of the oil transport pipeline from Iraq to Turkey this week, according to what was reported by “Sky News Urgent”.

 

Bayraktar said, "The pipeline to transport oil from Iraq is ready from today."

 

A few days ago, Bayrakdar said that the oil export pipeline from northern Iraq via Turkey would be ready to resume operations soon after conducting checks to maintain the line and repair the damage caused by the floods.

 

Bayrakdar stated that the inspection of the oil pipeline has been completed and it will be “technically” ready for operation soon.

 

Turkey stopped flows through the pipeline located in northern Iraq on March 25, after a ruling in an arbitration case issued by the International Chamber of Commerce ordered Ankara to pay compensation to Baghdad for unauthorized exports by the Iraqi Kurdistan Regional Government between 2014 and 2018.

 

The Iraqi and Turkish oil ministers did not reach any agreement on resuming oil exports from the Kurdistan Region, during the Iraqi minister’s visit to Ankara on Tuesday, 8/22/2023.

 

Reuters quoted informed sources as saying, “The Iraqi and Turkish oil ministers did not reach an agreement to resume oil exports from the Kurdistan Region of Iraq.”

 

She explained that "the two ministers agreed to hold further discussions in the future."

[yota691]

Resuming oil pumping through Türkiye.. What Kurdistan will gain in the north, Iraq will lose in the south

Economy |Today, 15:56 |

    

 

 

 

Baghdad today - Baghdad

Economic expert Nabil Al-Marsoumi commented today, Monday (October 2, 2023), regarding Turkey’s resumption of pumping oil from Iraqi Kurdistan.

Al-Marsoumi said in a blog post on Facebook, followed by “Baghdad Today,” that “restarting the Iraqi-Turkish line practically means reducing Iraq’s oil exports to the south across the sea by about 350,000 barrels per day due to the production quota specified for it by OPEC Plus.”

He added, "What Kurdistan will gain in oil revenues in the north, Iraq will lose in the south."

Earlier today, Turkey said that the Iraqi oil pipeline, which stopped operating in March due to complex disputes over payments related to the Iraqi Kurdistan region, would resume pumping crude this week.

Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in compensation to Baghdad for transporting oil from the Kurdistan region without the approval of the Iraqi government.

Ankara objected to the decision and, for its part, demanded compensation.

Turkish Energy Minister Alp Arslan Bayraktar told an energy forum in Abu Dhabi that the dispute has been settled and “we will start operating (the pipeline) this week,” without revealing the details of the agreement.

Turkey previously said it was carrying out repairs to its section of the oil pipeline following the devastating earthquake in February.

The Iraqi federal government and the autonomous Kurdistan Region signed their interim oil agreement in April.

The agreement indicates an independent end to oil exports by the Kurdistan Regional Government in northern Iraq.

The Kurdistan Region was exporting approximately 450,000 barrels of crude oil per day before the pipeline was closed.

[yota691]

Ankara: The oil pipeline connecting Iraq and Turkey will resume its work this week

Today, 10:11

 

Al-Ghad Press / Follow-up

Turkish Energy Minister Alp Arslan Bayraktar said on Monday that the pipeline transporting crude oil from Iraq is "ready to resume operation" after damage was caused by a devastating earthquake that the region witnessed in February.

 

Bayrakdar added during the ADIPEC conference in Abu Dhabi, “During this week, we will start operating the Iraqi-Turkish pipeline, and it will be able to transport approximately half a million barrels to global markets.”

 

He continued, saying, "His country constitutes a reliable path for transporting oil and gas."

 

On March 25, Turkey suspended 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.

 

[6ly410]

[6ly410]

Turkish Energy Minister announces the readiness of the Iraqi oil pipeline to the Turkish port of Ceyhan

Monday, October 02, 2023 11:12 |EconomyViews: 379

Turkish Energy Minister announces the readiness of the Iraqi oil pipeline to the Turkish port of Ceyhan (ninanews-com.translate.goog)

ISTANBUL (NINA) - Turkish Oil Minister Alp Arslan Bayraktar announced the readiness of the Iraqi oil pipeline to the Turkish port of Ceyhan and that the line could start receiving oil this week. Bayraktar said in a press statement on Monday during the ADIPEC conference in Abu Dhabi: "This country is determined to resume the operation of the pipeline transporting oil from Iraq to Turkey this week and will be able to transport almost half a million barrels to global markets "

Turkey on March 25 halted oil checks after an ICC arbitration panel ordered Ankara to pay Baghdad about $1.5 billion in damages caused by the KRG's illegal oil export between 2014 and 2018.
The decision led to the interruption of supplies of about 400.75 barrels per day of crude oil from the fields of Kurdistan in northern Iraq, along with 970,<> barrels from other Iraqi areas heading from Kirkuk to the Turkish port of Ceyhan on the Mediterranean Sea, with a length of <> kilometers.
Last August, Iraqi Oil Minister Hayyan Abdul Ghani agreed with Turkish Energy Minister Alp Arslan Bayraktar in Ankara on the importance of resuming the flow of Iraqi Kurdistan oil to Turkey, after the completion of pipeline rehabilitation operations.

Bayraktar announced several days ago that the pipeline exporting oil from northern Iraq through Turkey would be ready to resume operations soon after carrying out checks to maintain the line and repair the damage caused by the floods.
Bayraktar said the pipeline inspection was complete and would be "technically" ready for operation soon.

[6ly410]

Turkey sets this week as a date for the resumption of operation of the pipeline transporting oil from Iraq

economy

Ultra Iraq

02-Oct-2023

READY (FACEBOOK)

 

This week, the Turkish Ministry of Energy set a date for the resumption of operation of the pipeline transporting oil from Iraq.

According to statements quoted by the media, Turkish Energy Minister Alp Arslan Bayraktar said, "The resumption of operation of the pipeline transporting oil from Iraq will take place during this week."

The Turkish energy minister said that "the pipeline transporting oil from Iraq is ready from today."

The Turkish Minister of Energy revealed a few days ago that the resumption of oil transport, pending checks to maintain the transmission line and repair the damage caused by the floods.

In March 2023, Turkey stopped shipping KRG oil to the port of Ceyhan, against the backdrop of a decision by the ICC arbitral tribunal in Paris, obliging Ankara to pay compensation to Baghdad for allowing the export of KRG oil without the consent of the Iraqi government.

The decision obliges all parties to have the Iraqi Oil Marketing Company "the only entity authorized to manage export operations through the Turkish port of Ceyhan," as a result, Iraqi Prime Minister Muhammad Shia al-Sudani and Kurdistan Regional Government President Masrour Barzanisigned an agreement in early April 2023 to resume oil exports.

The Kurdistan region's exports account for about 0.5% of the world's oil supply, at a rate of 450,<> barrels per day.

[yota691]

Türkiye: We will not pay the fine for exporting Kurdistan oil. The region must pay it for us

Yesterday, 21:30

 

Al-Ghad Press/translation  

A Canadian website revealed, on Monday, Turkey's refusal to pay a fine of $1.5 billion ruled by an arbitration court in favor of Iraq due to transporting oil from Erbil without Baghdad's approval, indicating that Turkey is determined to resume the Iraqi-Turkish pipeline during the current week. 

The Canadian website BNN Belmobourg wrote, in a report translated by Al-Ghad Press, that “Turkey refuses to pay a fine of $1.5 billion ruled by an arbitration court in favor of Iraq due to the transfer of oil from Kurdistan without Baghdad’s approval, and is asking the Kurdistan government to pay it instead.” .

The report added that Turkish Energy Minister Alp Arslan Bayraktar said, “The pipeline is ready for operation and during this week we will start operating the Iraqi-Turkish pipeline, which will be able to supply half a million barrels of oil per day to global markets.”

An Iraqi official, who declined to reveal his name, told the Canadian website Belmobourg that “oil flows cannot be resumed until the financial and commercial issues are resolved.”

The site pointed out that "the pipeline, which transports nearly half a million barrels of crude oil daily, has been halted since March amid a payment dispute between Ankara and Baghdad."

The report continued, "Baghdad also wants the Oil Marketing Company (SOMO) to play a role in supervising sales from the semi-autonomous Kurdistan region, a previous sticking point that had already been agreed upon with the Kurdistan Regional Government, as well as the issue of managing previously signed deals between... Kurdistan Regional Government and oil companies.

 

[yota691]

Parliamentary energy calls for revealing the fate of compensation payments after Türkiye announced the resumption of pumping Iraqi oil

• Time: 10/03/2023 11:05:37
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• Read: 1,781 times

  

{Political: Al-Furat News} A member of the Parliamentary Energy Committee called for revealing the fate of the compensation payments owed to Turkey, with its announcement of the imminent resumption of Iraqi oil exports via the Turkish Ceyhan pipeline during this week.

Ola Al-Nashi said to {Al-Furat News} agency, “After the Turkish Energy Minister’s statement that the oil pipeline connecting Iraq and Turkey is ready after its maintenance to pump Iraqi oil to the port of Ceyhan, we ask about the fate of the compensation imposed by the Paris court, which is estimated at about one and a half billion dollars for pumping Iraqi oil from 2014/2018".
She added, "Whoever dares to ask this question and who cares to answer it, it is a real challenge to the government to impose Iraq's prestige and stop the plundering of its people's wealth."
Al-Nashi called on "the House of Representatives to have a clear position appropriate to the violations of the Turkish side, starting with the violation of Iraq's sovereignty, then their water policy, and ending with the payment of compensation."
Turkish Energy Minister Alp Arslan Bayraktar announced yesterday, Monday, that his country will resume operation of the pipeline that transports crude oil from Iraq this week, after suspending work on it for about 6 months.
Bayraktar added, during the ADIPEC conference in Abu Dhabi: “During this week, we will start operating the Iraqi-Turkish pipeline, and it will be able to transport approximately half a million barrels to global markets.”
Turkey stopped pumping oil through the pipeline that exports oil from the Kurdistan region of Iraq about six months ago, after a ruling was issued in an arbitration case by the International Chamber of Commerce ordering Ankara to pay compensation to Baghdad worth $1.5 billion in exchange for exporting oil without a permit in the period from 2014 to 2018.

Raghad Dahham

[gregp]

Iraq could pay the 1.5Billion no problem. Start pumping and give Turkey the money. 

[yota691]

Experts: Statements by the Turkish Energy Minister regarding the return of oil exports {political}

The first  10/04/2023

 

 

 Sulaymaniyah: Karim Al-Ansari

The reactions of politicians, economists, and analysts in the Kurdistan region varied regarding the recent statement by Turkish Energy Minister Alp Arslan Bayraktar, regarding the readiness of the oil pipeline between Iraq and Turkey to resume its work during the current week, indicating that the statement will not be the last. Economic expert Kovind Sherwani said in an interview with “Al-Sabah”: “According to the agreement between the federal government and the regional government last April and Articles 12 and 13 of the federal budget articles, all oil export revenues from the region and some Kirkuk fields after they are marketed through the SOMO company.” It will go to the Ministry of Finance, and then send a 12.6% share of the region’s entitlement.”

Sherwani saw that “whether this quantity is exported or not, or the 400,000 barrels are used for internal consumption, the region’s entitlement will remain constant according to the aforementioned numbers,” adding that “the oil export has no relation to the salaries of the region’s employees, but there are some different interpretations regarding the calculation of this percentage.” Is it from the general budget or actual expenditures?” He explained, “The difference in interpretation led to a delay in sending financial payments to the region. To avoid any problems and for the purpose of saving time and not delaying employee dues, it was agreed to send the final payments, 2.1 trillion dinars, in the form of advances.” Or loans to the region, until the mechanism for calculating the region’s share of the budget and the cash payments due each month.”

While political affairs researcher Jawad Malikshahi pointed out that "exporting the Kurdistan region's oil is important for Turkey, Iraq, the region, and the oil companies operating there."

Speaking to Al-Sabah, Malakshahi expected that “exports will take place soon after Turkey ends its procrastination aimed at evading the fine imposed by the French Arbitration Court,” explaining that “the quantities exported through SOMO are 400 thousand barrels per day, and a portion of the imports will be for oil companies in The region, and the remaining dues to the region will be paid from the general budget, in the absence of political differences, and what remains will go to the federal treasury.”
Meanwhile, Bahjat Ahmed, a member of the Kurdistan Union for Energy Affairs, pointed out that “the Turkish Minister of Energy’s statement is not new, as he previously announced the readiness of the oil pipeline after examining it completely a short time ago.”

Ahmed told “Al-Sabah”: “Bayraktar’s statement is more political than technical. Turkey is striving, especially after the legislation of the federal budget law, in order to resume oil exports, reach its goals, and put pressure on the federal government to implement its demands,” indicating that “the federal government has, until now, as I previously stated that it did not yield to Turkish demands to resume exporting the region’s oil.” The member of the Kurdistan Union noted that “there are several obstacles to resuming oil exports, the most important of which is paying the debts of companies operating in the region’s fields that have confirmed the cessation of their activities unless they receive their debts from the regional government, or part of them, with guarantees that they will receive the rest,” indicating that “according to the federal budget law, all The revenues return to the Federal Ministry of Finance, with the regional government receiving its share of the finances directly.”

 Edited by: Ali Abdel Khaleq

[yota691]

The reality of Iraq extinguishing Türkiye’s oil debts

• Time: 10/04/2023 17:32:32
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• Read: 104 times

  

{Local: Al-Furat News} Member of the Parliamentary Energy Committee, Kazem Al-Touki, revealed today, Wednesday, the truth about Iraq extinguishing Turkey’s oil debts.

 

Al-Touki said {to Al-Furat News} that: “The compensation demanded by Baghdad from Turkey as a result of the export of oil through Al-Aqaym is binding on the Turkish side and can never be extinguished.”

 

Al-Touki stressed "the importance of paying the amount or deducting it from the amounts collected by Turkey as a result of the export of Iraqi oil via Turkish Ceyhan."

Turkish Energy Minister Alp Arslan Bayraktar announced on Monday that his country will resume operation of the pipeline that transports crude oil from Iraq this week, after suspending work on it for about 6 months.

 

Bayrakdar added, during the ADIPEC conference in Abu Dhabi, “During this week, we will start operating the Iraqi-Turkish pipeline, and it will be able to transport approximately half a million barrels to global markets.”

 

Turkey stopped pumping oil through the pipeline that exports oil from the Kurdistan region of Iraq about six months ago, after a ruling was issued in an arbitration case by the International Chamber of Commerce ordering Ankara to pay compensation to Baghdad worth $1.5 billion in exchange for exporting oil without a permit in the period from 2014 to 2018.

 

From: Raghad Dahham

[yota691]

Kurdistan oil producers warn of “procrastination” in resuming exports and “ambiguity” in the mechanism for paying dues

2023-10-04 06:34

 

Shafaq News / Foreign companies producing oil in the Kurdistan Region warned of continued procrastination and failure to accelerate the resumption of exports of the region’s oil via the Turkish Ceyhan pipeline.

 

Members of the companies (DNO, Genel Energy, Gulf Keystone Petroleum, HKN Energy, ShaMaran Petroleum) stated, in statements to the “Energy Voice” website, translated by Shafaq News Agency, that they will not be in a position to produce oil for export “until it becomes clear how their dues will be paid.” ".

 

A spokesman for the "Adipec" company, which produces oil in the Kurdistan Region, said, "The pipeline between Iraq and Turkey will resume its operations this week, and that the companies will be able to provide 500,000 barrels per day to the market," he said.

 

The website also quoted the Association of Petroleum Industry in Kurdistan (APIKUR) as saying that “members of the producer group cannot produce oil for export, until it is clear how they will be paid.”

 

The association pointed out that "its members owe nearly a billion dollars in late and unpaid salaries," stressing at the same time its keenness to work with the governments of Baghdad and Erbil, to restore production and even increase the quantity to the maximum extent.

 

She continued: “We believe that we can do this quickly and with high efficiency, but only after agreeing on payment arrangements and respecting the current contractual procedures.”

 

The Kurdistan Petroleum Industry Association saw that the problem for producers in Kurdistan is that the government no longer controls payments to them, after this was transferred to the federal government in Baghdad, and there was a deficit in providing cash allocations.”

 

Yesterday, Tuesday, an Iraqi oil official told Reuters that talks aimed at resuming Iraqi oil exports via a pipeline passing through Turkey are still continuing, one day after Turkey announced that operations would begin again this week after a nearly six-month hiatus.

 

Turkish Energy Minister Alp Arslan Bayraktar said, on Monday, that Turkey will resume operating the pipeline this week, during his speech before a committee at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

 

It is noteworthy that Ankara stopped pumping oil through the line that exports oil from the Kurdistan Region of Iraq about six months ago after a ruling was issued by the International Chamber of Commerce ordering Turkey to pay compensation to Baghdad for the damage it suffered from the region’s export of oil without permission from the government in Baghdad between 2014 and 2018.

 

Turkey later began maintenance work on the pipeline, through which about 0.5 percent of global oil supplies pass.

 

Baghdad and Ankara agreed to wait until the evaluation of the maintenance work of the line, which passes through an area of seismic activity, is completed to resume pumping, while they are still waging a legal battle over arbitration decisions.

[yota691]

Türkiye agrees to resume exporting Iraqi oil

Economy

2023-10-05 | 08:27

 

 

Source:

Alsumaria News

 

765 views

 

 

The Ambassador of the Republic of Iraq to Ankara, Majid Al-Lajmawi, revealed today, Thursday, that Turkey has agreed to resume oil exports from the Iraqi-Turkish oil pipeline.

Al-Lajmawi said in a statement received by Al-Sumaria News, “The Turkish side agreed to immediately resume oil exports from the Iraqi-Turkish oil pipeline.”

This came in the wake of his meeting with the Turkish Minister of Energy and Natural Resources, Alp Arslan Bayraktar, today, Wednesday.

Bayraktar confirmed that "the Turkish technical teams have completed the technical and logistical procedures for resuming the pumping of Iraqi oil through the pipeline," explaining that "the issue is now in the custody of the Iraqi side."

In turn, the ambassador expressed the appreciation of "the government and people of Iraq for this Turkish step," expressing "Iraq's readiness to resume oil exports as quickly as possible."

He stressed, "The resumption of oil exports will contribute significantly to opening the horizons of Iraqi-Turkish relations and strengthening them in a way that secures the common interests of the two neighboring countries and achieves development."

[yota691]

Türkiye: The Iraqi oil pipeline is ready for operation starting Wednesday

Economy |Today, 11:35 |

    

 

Baghdad today - follow-up 

The Turkish Minister of Energy, Alp Arslan Bayraktar, confirmed today, Thursday (October 5, 2023), that the crude oil pipeline from Iraq via Turkey, which has been suspended for about six months, is ready to operate as of Wednesday, and that Ankara is preparing to begin shipments.

 

Turkey stopped flows through the oil export route from northern Iraq after a ruling issued by the International Chamber of Commerce that ordered Ankara to pay compensation to Baghdad for unauthorized exports between 2014 and 2018.

 

The Kurdistan Region of Iraq exported approximately 450,000 barrels of crude oil per day before the pipeline was closed. Ankara later began maintenance work on the line, through which about 0.5 percent of global oil supplies pass.

 

Speaking to NTV, Bayraktar said that there are now no obstacles to shipping Iraqi oil to global markets.

 

Bayraktar announced, on the sidelines of the ADIPEC 2023 conference in Abu Dhabi, that his country will begin operating the Iraqi-Turkish pipeline this week, and it will be able to transport approximately half a million barrels to global markets.

 

He continued, saying that his country constitutes a reliable transit route for transporting oil and gas.

 

In a related context, Reuters quoted an Iraqi oil official, on Tuesday, as saying that talks aimed at resuming Iraqi oil exports via a pipeline passing through Turkey are still ongoing.

 

 

[yota691]

A member of the Democratic Party: releasing the region’s oil via Turkey before winter and a will to overcome the dispute with Baghdad

• Time: 10/05/2023 22:18:24
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• Read: 2,249 times

  

{Politics: Al-Furat News} A member of the Kurdistan Democratic Party, Subhi Al-Mandalawi, suggested that the region’s oil would be released via Turkey before winter, while confirming the presence of a will to overcome the dispute with Baghdad.

 

Al-Mandalawi said: For the program {Free Speech} broadcast by the Al-Furat satellite channel this Thursday evening, he said: “According to the permits received recently, the Turkish Ceyhan transport line will be launched in the coming days,” describing that resolving the disputes with the region externally was a strategic and calculating mistake.

He explained, "The cessation of pumping oil through Ceyhan has harmed Iraq for months, and the budget must be launched away from political considerations." 

 

Al-Mandalawi added, "Iraq has many cards to play against Turkey. Therefore, the agreement process between the two parties represents the highest interest of the two countries," declaring, "The terms of the agreement with Turkey include launching oil transportation through Ceyhan in the winter."

 

He added, "The Kurdistan Regional Government has always approved the federal budget and the region is committed to its provisions, which is controlled by giving 450,000 barrels to SOMO in exchange for the government's commitment to its share of the budget, and the two governments agree on many matters."

 

Al-Mandalawi pointed out, "The absence of the oil and gas law and the accumulated crises affect the agreement between Baghdad and the region; but there is a will in the region to overcome all crises with the center, and it is in everyone's interest to continue this agreement." 

 

He stated, "The delivery of oil to SOMO is a window to the stability of the region, and what happened in the region is that officials presented to successive Iraqi governments the existence of oil and that it was supposed to be explored to benefit from it in the country; but it did not help, as the region was forced to invest in it itself through operating companies."

 

Al-Mandalawi continued, “International companies in the region are trying to make the most of the fields and with more production and transportation costs,” noting “the Baghdad and Eribel agreement to hold these companies and their contracts accountable.”

 

He continued, "The receivables of the oil companies in the region are not large and can be distorted, and the agreement between the center and the region is good. But we fear interference, the creation of crises, an attempt to change course, and perhaps electoral aspects."

 

Al-Mandolai concluded by saying, "The region has many resources, including gas, and it represents a difficult aspect in the global equation as well as in tourism."

 

The Turkish Minister of Energy, Alp Arslan Bayraktar, announced today, Thursday, that the crude oil pipeline from Iraq via Turkey, which has been suspended for about six months, is ready to operate as of next Wednesday, and that Ankara is preparing to begin shipments.

 

The Kurdistan Regional Government of Iraq announced the suspension of oil exports through Turkey after the devastating earthquake that struck the region and caused severe damage to Turkish infrastructure.

 

Turkey stopped flows through the oil export route from northern Iraq after a ruling issued by the International Chamber of Commerce that ordered Ankara to pay compensation to Baghdad for unauthorized exports between 2014 and 2018.

 

Baghdad demands that all oil exports be restricted and that those resources be managed.

 

Subsequently, Baghdad and the regional authorities concluded a “temporary” agreement to settle some controversial points and establish an export mechanism supervised by the federal government, although some issues remained outstanding.

 

The autonomous Kurdistan region exports approximately 450,000 barrels per day through Turkey, which are illegal exports in the eyes of the Iraqi federal authorities.

 

Wafaa Al-Fatlawi

[ronscarpa]

Oil ignites a “Kurdish-Turkish” dispute, and Erbil is upset: Resuming exports is just a “message” and Ankara is bargaining with Baghdad

Economy/Politics |Today, 15:11 |

    

 

Baghdad today - Erbil 

Today, Monday (October 9, 2023), member of the Kurdistan Democratic Party, Wafa Muhammad Karim, described the Turkish Energy Minister’s

announcement to resume the export of Kurdistan’s oil as merely a “political message.”

Turkey said on Monday (October 2, 2023) that the Iraqi oil pipeline, which stopped operating in March due to complex disputes over payments related

to the Kurdistan region of Iraq, will resume pumping crude this week.

Karim said in an interview with “Baghdad Today” that “Turkey wanted to bargain with Iraq and send warning political messages that Iraq cannot export Kurdistan’s oil except through the Turkish port of Ceyhan.”

He added, "Kurdistan oil will not be exported again this week or next week. These are merely media statements with a political goal."

Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in compensation to Baghdad for transporting oil from the Kurdistan region without the approval of the Iraqi government.

Ankara objected to the decision and, for its part, demanded compensation.

The Kurdistan Region was exporting approximately 450,000 barrels of crude oil per day before the pipeline was closed.

Turkish Energy Minister Alp Arslan Bayraktar told an energy forum in Abu Dhabi that the dispute has been settled and “we will start operating (the pipeline) this week,” without revealing the details of the agreement.

Turkey previously said it was carrying out repairs to its section of the oil pipeline following the devastating earthquake in February.

The Iraqi federal government and the autonomous Kurdistan Region signed their interim oil agreement in April.

The agreement indicates an independent end to oil exports by the Kurdistan Regional Government in northern Iraq.

 

https://baghdadtoday.news/232785-مجددًا.-الدولار-يحلّق-مرتفعًا-أمام-الدينار-ويسجل-161-ألفًا.html

[yota691]

Resuming Kurdistan oil exports.. Iraq awaits an official announcement and a “bayraktar” soon in Baghdad

2023-10-08 14:29

 

Shafaq News / The Federal Ministry of Oil announced on Sunday that it had not received official notification from its Turkish counterpart regarding the readiness of the Ceyhan Pipeline to resume the flow of crude from the fields of the Kurdistan Region.

 

Reuters quoted two senior officials in the ministry as saying: “We, as the Ministry of Oil, need the Turkish side to officially notify us of the latest developments regarding the pipeline situation (TADAWUL:2360). We heard about the matter from the media.”

 

The officials' statements came in response to what Turkish Energy Minister Alp Arslan Bayraktar said recently that the oil pipeline is ready to transport crude from Iraq.

A senior adviser to the Ministry of Oil told Reuters, "Iraq is also waiting for talks on outstanding financial and technical issues."

 

For his part, a senior official in the Turkish Oil Ministry told Reuters, “The Turkish Minister of Energy will visit Baghdad to discuss the resumption of oil exports from the Kurdistan Region,” without mentioning when the visit will take place.

 

Turkey stopped transporting oil through the oil export line from the Kurdistan Region, after an arbitration ruling in March, from the International Chamber of Commerce, ordered Ankara to pay compensation to Baghdad for unauthorized exports between 2014 and 2018.

 

Turkey has begun maintenance work on the pipeline, which contributes about 0.5 percent of global crude oil supplies.

 

But Baghdad and Ankara recently agreed to wait until the maintenance assessment of the pipeline, which crosses a seismic zone, is completed to resume flows, while continuing their legal battle over arbitration decisions.

[yota691]

Parliamentary Oil: The decision of the Paris Court is binding and cannot be waived

The first  10/12/2023

 

 

  Baghdad: Rula Wathiq

warned the Parliamentary Oil, Energy and Natural Resources Committee against waiving Iraq’s dues imposed on Turkey by the International Chamber of Commerce in Paris to achieve certain interests.

Committee member Bassem Ngheimesh al-Gharibawi told Al-Sabah: Iraq’s problem with negotiating with countries is that they view it with superiority, indicating that Iraq can put pressure on Turkey in the economic file and the exports that pass from it to it.
He noted that Iraq must find other ways to export oil instead of Turkey, or invest it in internal refineries in the country, and in this way we can achieve self-sufficiency and export the surplus to other countries.

Al-Gharibawi stated that the decision of the International Chamber of Commerce in Paris obligated Turkey to pay one billion and 400 million dollars to Iraq after violating the provisions of the pipeline agreement signed with Iraq in 1973 and its amendments, which stipulate that “the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil exported from Iraq.” To all storage and disposal centers and the final station.

He pointed out that Turkey was also committed to the prior agreement with the Kurdistan region that the fees for pumping oil through pipelines would be $3.5, while the previous tariff was only $1.25, indicating that no governmental or political party has the right to waive the amount that Turkey was obligated to pay to Iraq to achieve its interests. Certain, as it is considered an entitlement to the Iraqi people.

Edited by: Adhraa Juma

[yota691]

Parliamentary Oil: The decision of the Paris Court is binding and cannot be waived

 

energy
   

Economy News _ Baghdad
The Parliamentary Oil, Energy and Natural Resources Committee warned against waiving Iraq’s dues imposed on Turkey by the International Chamber of Commerce in Paris to achieve certain interests.

In an interview with Al-Sabah, followed by Al-Iqtisad News, committee member Bassem Ngheimesh Al-Gharibawi said that Iraq’s problem with negotiating with countries is that they view it with superiority, indicating that Iraq can put pressure on Turkey in the economic file and the exports that pass from it to it.

He noted that Iraq must find other ways to export oil instead of Turkey, or invest it in internal refineries in the country, and in this way we can achieve self-sufficiency and export the surplus to other countries.

Al-Gharibawi stated that the decision of the International Chamber of Commerce in Paris obligated Turkey to pay one billion and 400 million dollars to Iraq after violating the provisions of the pipeline agreement signed with Iraq in 1973 and its amendments, which stipulate that “the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil exported from Iraq.” To all storage and disposal centers and the final station.

He pointed out that Turkey was also committed to the prior agreement with the Kurdistan region that the fees for pumping oil through pipelines would be $3.5, while the previous tariff was only $1.25, indicating that no governmental or political party has the right to waive the amount that Turkey was obligated to pay to Iraq to achieve its interests. Certain, as it is considered an entitlement to the Iraqi people.

 

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Added 10/12/2023 - 7:35 AM