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

[6ly410]

'Exports to resume in two days'

Disclosure of the content of the 'preliminary agreement' between Baghdad and Erbil on Kurdistan oil sales

2023.04.01 - 13:59

Disclosure of the content of the 'preliminary agreement' between Baghdad and Erbil on Kurdistan oil sales (nasnews.com)

 

  

Baghdad - Nas  

Economist and university professor in Basra, Nabil al-Marsoumi, revealed on Saturday the highlights of the initial agreement reached by the governments of Baghdad and Erbil on oil sales after the decision of the International Court.  

  

  

  

Al-Marsoomi said in a blog post followed by "NAS" (April 1, 2023), that "according to private sources, the Iraqi government and the Kurdistan Regional Government reached a preliminary agreement on oil sales after the decision of the International Tribunal, which included the following:  

  

First, Kurdistan's oil sales must be through SOMO.  

  

Second: The formation of a joint committee between the regional government and the federal government to monitor the export of oil from Kurdistan.  

  

Third: Oil revenues in the Kurdistan Region should be placed in a bank account, as stated in the draft 2023 budget.  

  

Fourth, the KRG should phase out all contracts with oil companies.  

  

Fifth, the position of deputy director of SOMO will be assigned to the Kurds.  

  

Sixth: Oil exports from Kurdistan will resume within two days.  

  

On Friday, representatives of the Kurdistan region and the federal government held a positive meeting, in which they agreed on a new way to sell oil from the Kurdistan region, according to "high-level" Kurdish sources.  

  

The media close to the presidency of the Kurdistan Region stated in breaking news followed by "NAS", (April 1, 2023), that "the new agreement came after several other meetings regarding the clarification of oil contracts and finding new buyers for the Kurdistan region's oil in the port of Ceyhan, along with the companies that bought oil from the Kurdistan region before the issuance of the international arbitration award in Paris."   

  

The President of the Kurdistan Regional Government, Nechirvan Barzani, sent a letter to Iraqi Prime Minister Mohammed Shia al-Sudani a few days ago regarding the recent developments.   

  

According to semi-official Kurdish sources affiliated with NAS, all companies that buy oil from the Kurdistan region have been contacted and new contracts will be signed with them at the same price at which SOMO sells Iraqi oil.   

  

The President of the Kurdistan Region, Nechirvan Barzani, sent a long letter to Prime Minister Mohammed Shia al-Sudani, regarding the suspension of oil from the Kurdistan region.  

  

According to statements by sources close to the presidency of the region, followed by "NAS", (March 29, 2023), "the president of the Kurdistan region in his message to an immediate solution to the issue without depriving the Kurdistan region of its constitutional rights."   

  

"In addition, Nechirvan Barzani spoke in detail about the legal and constitutional rights of the Kurdistan Region and said that what the Kurdistan Region has done in the past few years has been constitutional," the sources added.   

[yota691]

'Asa'ib' is satisfied with the decision of international and federal arbitration: putting an end to the region's oil export

2023.03.31 - 22:32

 

Baghdad - Nas  

The "Sadiquon" parliamentary bloc, affiliated with the "Asa'ib Ahl al-Haq" movement, confirmed on Friday that the decision of the international arbitration and the Federal Court settled the controversy and put an end to the Kurdistan region in exporting oil.  

  

  

  

The representative of the bloc, Hassan Salem, said in a post followed by "NAS" (March 31, 2023), that "the international arbitration decision and the Federal Court ended the controversy and put an end to the export of oil by the region and strengthened the position of the federal government and the preservation of the country's wealth."  

  

[yota691]

Kurdish sources reveal information after the meeting of the region's representatives with Al-Sudani about oil

2023.04.01 - 13:16

 

Baghdad - Nas   

Representatives of the Kurdistan Region and the federal government held a positive meeting on Friday, March 31, 2023, in which they agreed on a new way to sell oil from the Kurdistan Region, according to "senior" Kurdish sources.  

  

  

And the media close to the presidency of the Kurdistan region mentioned in breaking news, followed by "NAS", (April 1, 2023), that "the new agreement came after several other meetings regarding clarifying oil contracts and finding new buyers for the oil of the Kurdistan region in the port of Ceyhan, along with the companies that bought oil." from the Kurdistan region before the issuance of the international arbitration decision in Paris.  

  

The President of the Kurdistan Regional Government, Nechirvan Barzani, sent a message to Iraqi Prime Minister Muhammad Shia al-Sudani a few days ago regarding the recent developments.  

  

According to semi-official Kurdish sources followed by "NAS", all companies that buy oil from the Kurdistan region have been contacted and new contracts will be signed with them at the same price at which SOMO sells Iraqi oil.  

  

And the President of the Kurdistan Region, Nechirvan Barzani, sent a long message to Prime Minister Muhammad Shia Al-Sudani, regarding the suspension of oil from the Kurdistan region.  

  

According to statements by sources close to the presidency of the region, followed by "NAS" (March 29, 2023), "the President of the Kurdistan Region, in his message to an immediate solution to the issue without depriving the Kurdistan Region of its constitutional rights."    

  

The sources added, "In addition, Nechirvan Barzani spoke in detail about the legal and constitutional rights of the Kurdistan Region and said that what the Kurdistan Region did in the past few years was constitutional."   

[yota691]

Exports will resume in two days.

Disclosure of the content of the 'principled agreement' between Baghdad and Erbil regarding Kurdistan's oil sales

2023.04.01 - 13:59

 

Baghdad - Nas  

The economist and university professor in Basra, Nabil Al-Marsoumi, revealed, on Saturday, the most prominent contents of the initial agreement reached by the governments of Baghdad and Erbil regarding oil sales, after the decision of the International Tribunal.  

  

  

Al-Marsoumi said in a post followed by "NAS" (April 1, 2023), that "according to private sources, the Iraqi government and the Kurdistan Regional Government reached a preliminary agreement regarding oil sales after the decision of the International Tribunal, which included the following:  

  

First: Kurdistan's oil sales must be through SOMO.  

  

Second: Formation of a joint committee between the regional government and the federal government to monitor the process of exporting oil from Kurdistan.  

  

Third: The oil revenues in the Kurdistan region must be placed in a bank account, as stated in the 2023 draft budget.  

  

Fourth: The KRG should phase out all contracts with oil companies.  

  

Fifth: The position of deputy director of SOMO will be assigned to the Kurds.  

  

Sixth: Oil exports from Kurdistan will resume within two days.  

  

Yesterday, Friday, representatives of the Kurdistan region and the federal government held a positive meeting, in which they agreed on a new way to sell oil from the Kurdistan region, according to "senior" Kurdish sources.  

  

And the media close to the presidency of the Kurdistan region mentioned in breaking news, followed by "NAS", (April 1, 2023), that "the new agreement came after several other meetings regarding clarifying oil contracts and finding new buyers for the oil of the Kurdistan region in the port of Ceyhan, along with the companies that bought oil." from the Kurdistan region before the issuance of the international arbitration decision in Paris.    

  

The President of the Kurdistan Regional Government, Nechirvan Barzani, sent a message to Iraqi Prime Minister Muhammad Shia al-Sudani a few days ago regarding the recent developments.    

  

According to semi-official Kurdish sources followed by "NAS", all companies that buy oil from the Kurdistan region have been contacted and new contracts will be signed with them at the same price at which SOMO sells Iraqi oil.    

  

And the President of the Kurdistan Region, Nechirvan Barzani, sent a long message to Prime Minister Muhammad Shia Al-Sudani, regarding the suspension of oil from the Kurdistan Region.  

  

According to statements by sources close to the presidency of the region, followed by "NAS" (March 29, 2023), "the President of the Kurdistan Region, in his message to an immediate solution to the issue without depriving the Kurdistan Region of its constitutional rights."      

  

The sources added, "In addition, Nechirvan Barzani spoke in detail about the legal and constitutional rights of the Kurdistan Region and said that what the Kurdistan Region did in the past few years was constitutional."      

[yota691]

Three motives for the "anti-convergence"

An American report reveals two trends within the framework of dealing with Kurdistan's oil after the Paris decision

2023.04.01 - 14:08

 

Baghdad - people  

A report by the "Washington Institute" stated that the faction most skeptical about the emerging agreement between Baghdad and the Kurdistan region and the oil deal is former Prime Minister Nuri al-Maliki and Qais Khazali, contrary to the approach of al-Sudani and a group of actors such as Hadi al-Amiri, Ammar al-Hakim and Haider al-Abadi who are willing to advance the deal with the region. Kurdistan.  

  

  

  

According to the report followed by "NAS" (April 1, 2023), "There seem to be three reasons for Maliki and Khazali's escalation with the Kurdistan region: First, Maliki and Khazali want to dominate both the framework and the Sudanese. Secondly, they are the members of the framework who have the worst relations with the Barzani family." and third, the delay in agreement may benefit the Patriotic Union of Kurdistan—the counterweight to the Barzani family—whose leader, Pavel Talabani, is already in Baghdad to broker an outcome with the KRG.  

  

Here is part of the text of the report:  

  

On March 25, the International Chamber of Commerce (ICC) in Paris issued its long-awaited ruling on arbitration brought by Iraq in 2012, which alleged that Turkey violated multiple aspects of the 1973 Iraq-Turkey Pipeline Agreement (ITP) (which updated in 1976, 1985, and 2010). Baghdad alleged that Turkish pipeline operator BOTAS should have sought express permission from the Iraqi federal government before allowing the KRI to transport, store and export Iraqi oil using ITP and related Iraqi export facilities at the Turkish port of Ceyhan.  

  

The arbitration award is not public, but what has been leaked (and neither party has denied) is that in at least one of the five claims the ICC found in favor of Iraq, and that it issued a binding award of $1.46 billion (plus interest) to Baghdad for part of the period. Estimated (2014-18, leaving 2018-23 and certain prior periods for a later award decision). Turkey, a signatory to the New York Convention on Arbitration, apparently informed Baghdad on the day of the ICC ruling that it would respect the decision and not operate the ITP or allow the loading of crude oil produced in Iraqi Kurdistan from Ceyhan until Iraq received permission to do so.  

  

As a result, the export of approximately 500,000 barrels per day of crude oil (420,000 marketed by Kurdistan and 80,000 by Iraq) to Turkey and elsewhere has ceased, wiping out the entire income of the Kurdistan Region of Iraq, which has a population of around five million. . If the pause lasts for weeks or months, the economic crisis will overwhelm the Kurds and start to drive up oil prices. In parallel, the main foreign investors in Kurdistan - including a number of US oil companies - will be forced to close their projects.  

  

Stop why and why now?  

The main question to be asked is not just why the ruling was passed, but why now, and who will benefit? The verdict was not expected at this very moment. This is because the ICC does not like to be seen as meddling in politics or oil flows, and the current moment is sensitive in both Turkey (where tense elections will be held on May 14) and Iraq (where the painstaking process has almost made a breakthrough on energy and revenue issues between Baghdad and the Kurdistan region; although the verdict was handed down shortly after an Iraqi and Turkish summit, the approximate timing appears to have been dictated by leaks, prompting the ICC to announce its partial deliberations.  

  

Within the coordination framework run by Iran-backed militias that form the core of political support for Prime Minister Mohammed Shia al-Sudani - the faction most skeptical of the budget approved between Baghdad and the Kurdistan Region of Iraq and the oil deal is former Prime Minister Nouri al-Maliki. Al-Sudani and a group of actors (Hadi al-Amiri, Ammar al-Hakim, Haider al-Abadi) were ready to push the deal with the Kurdistan Region of Iraq, but al-Maliki and another player - designated by the United States as a terrorist and violator of human rights, Qais Khazali - constantly sought to flex their muscles in the frame by Press for a tougher deal with the Kurdistan region.  

  

There seem to be three reasons for this: First, Maliki and Khazali want to dominate both al-Fatara and al-Sudani. secondly, they are the members of the framework who have the worst relations with the Barzani family that leads the Kurdistan region; And third, the delay in agreement may benefit the Patriotic Union of Kurdistan—the counterweight to the Barzani family—whose leader, Pavel Talabani, is already in Baghdad to broker an outcome with the KRG. 

[yota691]

American Institute: Washington will lose from the region's oil shutdown, and it must take these steps

2023.04.01 - 14:30

 

Baghdad - Nas  

A report by the American Washington Institute confirmed that American interests will be damaged by the cessation of oil exports from the Kurdistan region, calling for obtaining financing to "buy" the debts of the Kurdistan region to oil traders, which amounts to about $4 billion.  

  

 

 

According to the report written by "Michael Knights" and translated by "NAS" (April 1, 2023), the removal of half a million barrels from global markets is not welcome at all, and constitutes a particularly dangerous development in the midst of the conflict in Ukraine, and at a time when it was US adversaries like Russia and Iran want to raise oil prices.  

  

The report stressed that the United States has a direct interest in the case because American investors will be affected by the closure of the pipeline if it continues for a few weeks, not to mention the possible delay in the exports of the Iraqi Kurdistan region's much-needed gas to Iraq or Turkey and Europe.  

  

The report concluded that the current situation is a loss for the United States, Iraq, Turkey and the Kurdistan region of Iraq. “In confusing situations, it is important to focus on what needs to happen to keep the oil flowing through the ITP.” The Iraqi government should instruct the State Oil Marketing Organization (SOMO) to send a letter to Turkey stating that it requests the reopening of the pipeline and all storage operations and Provides a set of tanker loading instructions to allow APR shipments to continue.  

  

And the report indicated that both parties would recognize the arrangement as an emergency step limited in time to prevent economic damage to Iraq (including the Kurdistan region of Iraq) and global markets in Europe and Asia. It also gives Iraq and Turkey ample time to settle arbitration cases. Likewise, Baghdad and the Kurdistan region can take a break and return to the negotiating table, as the fundamentals of the recently approached deal are still valid.  

  

The report presented proposals to the US administration and stressed the need to focus on the positive steps in its policy in the Middle East, not just fighting wars, and indicated that the most important and useful thing that it could do in Iraq is to help the country find peace with the Kurds, who represent the largest ethnic minority in the country because the deal The historic budget and oil law between Baghdad and the Kurdistan Region of Iraq are closer than ever” so Washington must go to great lengths to get it done. The pipeline is likely to reopen quickly — even in the coming days — but if it does not, states must the United States to act decisively."  

  

Regarding the next steps, the report stated, "Expanding good offices to include all uncorrupted parties to help put the talks between Iraq, Turkey, Baghdad, and the Kurdistan region back on track."  

  

The report also suggested that the United States could help Iraq obtain financing to "buy" the Kurdistan region's debt to oil traders (which would likely be $2-4 billion). This would allow for several things: that trading be passed on to SOMO; That Iraq achieve better prices for a barrel of crude oil administered by the Kurdistan Region of Iraq; And for the oil to pass only to end users who are authorized by the Saudi Oil Marketing Company (SOMO). It may be an option for the United States. The government buys Iraqi oil to restock the Strategic Petroleum Reserve.  

[yota691]

America calls on Baghdad and Ankara to resume oil exports through the Iraq-Türkiye pipeline

• Time: 04/01/2023 11:22:27
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• Read: 1,573 times

  

{Politics: Al Furat News} An official at the US State Department said that his country had asked Turkey and Iraq to resume exporting oil through the Iraq-Turkey oil pipeline.

"Cutting off the world's energy supply does not serve the interests of any party," the US official said in a press statement.

Iraq announced earlier the decision of the International Arbitration Court in Paris in favor of Baghdad, due to Turkey's progress in stopping the export of Kurdistan region's oil.

[yota691]

The Democrat: Al-Sudani's visit to Erbil settled the dispute...and reveals that the region is under pressure

• Time: 04/01/2023 13:02:05
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• Read: 1,469 times

  

{Politics: Al-Furat News} The Kurdistan Democratic Party, headed by Masoud Barzani, confirmed today, Saturday, that the recent visit of Prime Minister Muhammad Shia Al-Sudani to Erbil resolved the contentious points.

A member of the party, Wafaa Muhammad Karim, told the Euphrates News Agency, "The visits of the Kurdistan Region delegation to Baghdad came to resolve all the files related to the oil and gas law legislation, which remains two months before the date of its approval."

Karim pointed out that "there are some parties trying to put pressure on the region after the decision of the Paris court and to abandon the agreements, but those are political parties that are not from the government."

Karim pointed out that "the origin of the agreement between the center and the region on the legislation of the oil and gas law was from 14 points, and the controversial points in it only 4, and it was agreed upon and resolved by the recent visit of the Sudanese to the region and his meeting with Nechirvan Barzani."

On the fourteenth of last March, Al-Sudani arrived in Erbil, where a "comprehensive agreement" was reached on outstanding issues between the federal government in Baghdad and the region.

Iraq announced earlier the decision of the International Arbitration Court in Paris in favor of Baghdad, due to Turkey's progress in stopping the export of Kurdistan region's oil.

Raghad Daham

[yota691]

Kurdish journalist: The oil agreement between Baghdad and Erbil was concluded in the presence of Iran

 

energy
   

Economy News - Baghdad
Kurdish journalist Saman Noah revealed, on Saturday, that "in the presence of Iran" an agreement was concluded between the regional government and the federal government on the oil file. 

 

Noah said on his Facebook account, "In the presence of the commander of the Iranian Quds Force, the regional government concluded an agreement with the federal government, convinced to hand over oil to SOMO in return, and the federal government promised to give the position of vice president of SOMO."

 

And the economic expert, Nabil Al-Marsoumi, said, "According to private sources, the Iraqi government and the Kurdistan Regional Government reached a preliminary agreement regarding oil sales after the decision of the International Tribunal, which included the following: First: Kurdistan's oil sales must be through SOMO.

 

Second
:
formation A joint committee between the regional government and the federal government to monitor the process of exporting oil from Kurdistan

Third: The oil revenues in the Kurdistan region must be placed in a special bank account, and as stated in the draft budget law 2023, the account is under the supervision of the federal government, but the region is the one who orders the spending

Fourth: The regional government must Kurdistan will gradually cancel all contracts with oil companies.

Fifth: The position of deputy director of SOMO will be assigned to the Kurds.

Sixth: Oil exports from Kurdistan will resume within two days.

 

 

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Views 24

Added 04/01/2023 - 4:18 PM

[yota691]

From 5 points... Disclosure of the details of an agreement between Baghdad and Erbil regarding the region's oil

energy
   

Economy News / Baghdad
On Saturday, economist Nabil Al-Marsoumi revealed that the central government had reached an agreement with Erbil that included five points.

 

Al-Marsoumi said in a Facebook post, "The Iraqi government and the Kurdistan Regional Government reached a preliminary agreement regarding oil sales, after the decision of the international tribunal."

 

The agreement includes that "Kurdistan's oil sales will be through SOMO and the formation of a joint committee between the regional government and the federal government to monitor the process of exporting oil from Kurdistan."

 

As well as "putting oil revenues in the Kurdistan Region in a bank account, as stated in the 2023 draft budget, and the Kurdistan Regional Government must gradually cancel all contracts with oil companies."

 

 Al-Marsoumi indicated that "the position of deputy director of SOMO will be assigned to the Kurds, and oil exports from Kurdistan will resume within two days." 

 

 

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Views 170

Added 04/01/2023 - 2:03 PM

[yota691]

The Ministry of Oil reveals, via Shafaq News, a preliminary agreement to resume exporting Kurdistan Region's crude

2023-04-01 09:54

 

 

Shafaq News/ The Iraqi Ministry of Oil revealed, on Saturday, that there is a preliminary agreement to export oil from the Kurdistan Region, after it was stopped following the decision of the Paris International Court.

sequel..

[yota691]

Foreign report: The Kurdistan government is facing a setback after stopping the flow of oil from the territory of the region

energy
   

Economy News-Baghdad
AGBI revealed that the Kurdistan Regional Government is facing a major setback in the oil industry, after the ruling issued by the International Court in favor of the central government in Baghdad came to suspend crude oil exports through pipelines from the Kurdistan Region of Iraq.

 

The site added that the conflict between the central government in Baghdad and the Kurdistan Regional Government of Iraq dates back to 2014, when the Kurdistan Regional Government began direct oil export by concluding production agreements with many international oil companies, a step that sparked a long dispute that led to the central government withholding a share. Territory from the state budget periodically.

 

The Iraqi government sued Turkey, arguing that the only legal right to export oil through the pipeline to the Turkish city of Ceyhan belongs to the central government in Baghdad alone, not the KRG. The result of the International Court of Arbitration's decision was the immediate halt of pipeline imports by Turkey, dealing a heavy financial and political blow to the KRG that owes $3.35 billion to oil buyers as of December 31.

 

Bilal Wahab, a fellow at the Wagner Program offered by the Washington Institute for Middle East Policy, said in an interview with the same website, "This loss represents a major blow to the oil and gas industry in the Kurdistan region of Iraq. It is true that it came after a series of previous losses, but this is The loss itself is different as it can be very decisive.

 

And the AGBI website continued that in February 2022, the Iraqi Federal Court issued a ruling requiring the Kurdistan Regional Government to hand over all crude oil produced in the region and its adjacent areas to the Ministry of Oil in Baghdad, and to cancel the oil contracts of the Kurdistan Regional Government, including agreements related to exploration, extraction, exports and sales. other.

 

Despite requests for comment, the KRG has remained silent on the matter, claiming it is unconstitutional, following its historical approach of ignoring rulings harmful to its interests issued by the central government, according to the site.

 

Bilal Wahhab said, "This international ruling is considered a strengthening of Baghdad's position, which greatly weakens the position of the regional government of Kurdistan. Now, the regional government depends on Baghdad's goodwill for the continuation of its main industry."

 

According to the site, in the last three months of 2021, oil production in the Kurdistan Regional Government amounted to about 437 thousand barrels per day, which represents only about a tenth of the total Iraqi oil production. In addition, nearly 90% of Kurdish crude oil was exported through pipelines, according to a Deloitte report prepared for the Kurdistan Regional Government.

 

Bilal estimates that the region's storage capacity can only hold up to five days of production. Unless Erbil and Baghdad reach an agreement to resume pipeline-based exports, production is likely to decline or stop completely by Wednesday.

Bilal added, "This ruling represents the end of the oil and gas industry as we know it today in the Kurdistan Regional Government, so the question is, what will it turn to as an alternative?"

 

The KRG used to sell its oil at a significant discount compared to global market prices. The average price in December was $62.95 per barrel, compared to the average for Brent crude of $80.92. The reason for this discrepancy is partly due to the political risks involved in trading with the Kurdistan Regional Government, according to the website.

 

Bilal adds that if the KRG reaches an agreement with Baghdad, it can impose a few extra dollars on a barrel, bringing its price to market prices. However, this will require the KRG to give up some of its political autonomy, which could be It has dire consequences."

 

Douglas Silliman, president of the Arab Gulf States Institute in Washington and former US ambassador to Iraq from 2016 to 2019, told MEE that the Kurds were given more economic autonomy than many in Baghdad were willing to accept, including the ability to sign sharing agreements. Production with international oil companies and other producers.

 

He added, "Over the past fifteen years, most of the economic activity in Kurdistan was based on legal conditions that were not accepted by Baghdad, but they were accepted in Erbil and Sulaymaniyah. Therefore, the Federal Court ruling poses a great threat to foreign investment in Kurdistan that goes beyond the oil and gas sector only."

 

AGBI adds that the ongoing oil dispute is causing great harm to the Kurdistan Regional Government, affecting its credibility and undermining foreign investments in the region.

 

“The KRG is already months behind in oil payments to international oil companies, a factor that weakens investor confidence in the region and also affects companies’ willingness to invest,” says Fernando Ferreira, director of geopolitical risk service at the US-based Rapidan Energy Group. Because they don't trust that they will get paid on time.

 

To complicate the matter, the pressure exerted by Baghdad recently forced three US oilfield services companies, namely Schlumberger, Baker Hughes, and Halliburton, to withdraw from Kurdistan, and the three companies refused to comment on the matter, according to the website.

 

In another blow to the KRG, in March, the oil company Trafigura terminated its contracts with the KRG, according to an AGBI spokesperson.

 

"Although the KRG's oil contracts have been invalidated by the Federal Court," says Bilal, "a compromise can be reached between Erbil and Baghdad in the long term. By having the agreement between the two parties allow the old laws to continue to apply to some current situations while the The new law applies to all future cases, meaning that any existing oil contracts signed by the KRG with international oil companies will be allowed to continue despite being invalidated by a federal court ruling, while any new contracts must comply with the new law.

 

Bilal suggested that “staying the Federal Court’s decision could be an option, but the best solution is for Iraq to enact a national law for hydrocarbons. This law has been pending since the drafting of the Iraqi constitution in 2005, and the oil and gas industry was mostly governed according to the laws established in There should also be, in one way or another, a legal article that legitimizes the oil and gas contracts signed by the KRG, and that this article makes the KRG alone, not Baghdad, responsible for the money owed."

 

Bilal stressed that "the Kurdistan Regional Government must admit its defeat and move forward," admitting that "the region's approach to oil as a geopolitical rather than an economic asset was a mistake."

 

 

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Views 192

Added 04/01/2023 - 11:54 AM

[yota691]

Iraq.. Where did the efforts to solve the Kurdistan oil crisis reach?

l 17 hours ago

Baghdad - Sky News Arabia

 

 

Discussing new mechanisms for exporting Kurdistan's oil to Türkiye

Discussions are continuing between the Iraqi Ministry of Oil and the Kurdistan Regional Government of Iraq, to establish new mechanisms for exporting oil from the region through Turkish territory, which stopped after the issuance of a final ruling by the Arbitral Tribunal of the International Chamber of Commerce in Paris, last Thursday, regarding the arbitration case filed by Iraq against Turkey. In favor of Iraq against Turkey in a conflict that has been going on for years over oil exports from Kurdistan.

 

• The Iraqi Ministry of Oil had confirmed that it would discuss mechanisms for exporting oil through the port of Ceyhan with the region and Ankara, to ensure the continuity of exports, and the fulfillment of SOMO's obligations with international companies .
• The Ministry will be keen to export all allocated quantities from all fields, including the region .
• The Kurdistan Regional Government, in turn, confirmed, in a statement to the Ministry of Natural Resources, the continuation of negotiations with the federal government, and that the two sides reached an initial agreement under the umbrella of the constitution and the rights of the region .

During a meeting held after the issuance of the international arbitration decision, between the Iraqi Ministry of Oil and a delegation from the regional government, according to the ministry’s statement, “the new mechanisms and data for the region’s exports were discussed after the decision issued by the Arbitral Tribunal of the International Chamber of Commerce in Paris in the arbitration case filed by Iraq against Turkey for its violation Provisions of the Iraqi-Turkish pipeline agreement signed in 1973, which stipulates that “the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil exported from Iraq to all storage and disposal centers and the final station. ”

 

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Oil expert: Global supplies have been affected by the stoppage of Iraqi Kurdistan's oil

 

 

The issue was reflected in the global oil markets, which witnessed a rise in its prices, after the export of about 450,000 barrels per day of Iraqi Kurdistan oil exports through Turkey stopped .

Observers warn that procrastination and failure to quickly resolve the dispute will cause huge losses to the Iraqi oil sector, since pending exports amount to about half a million barrels of oil per day .

Legislation of oil and gas law

Raed Al-Azzawi, head of the Al-Amsar Center for Strategic and Economic Studies, said in an interview with Sky News Arabia :

• Selling the region’s oil without returning to Baghdad is a problem that has existed since 2014 until today. It is without a solution, and so the problem became complicated until the last international arbitration decision was issued, which Turkey adhered to, and to stop oil supplies from Kurdistan to the Turkish port of Ceyhan, which is important for the stability of oil markets, which is what It will affect them negatively .
• Many of the international oil companies operating in the fields of the region will be affected, from America, Canada, Norway and others. Therefore, the oil industry and the economy in general in the region will be affected, which is witnessing great development and remarkable urban revival, and what is happening now is a threat to that .
• For all of this, the Iraqi parliament, in cooperation with Baghdad and Erbil, must work to enact a federal oil and gas law, which will not only solve this problem, but also apply to any similar problems in the various oil-producing Iraqi provinces and regions, such as Basra, Diyala, Amarah and Anbar .
• In light of the failure to pass this law, similar problems will undoubtedly explode in the oil regions of the country, and it is an urgent law to prevent this and to protect the Iraqi natural resources and ensure their fair and optimal employment .
• The regional government should have sought solutions to this problem from the outset, through dialogue and negotiation with Baghdad to reach a consensual solution, and so that the Iraqi government would not have to resort to the Paris International Court, which complicated the issue more. Then there is talk about the lack of transparency regarding the region’s oil sales and the existence of operations Smuggling thousands of barrels of oil per day .
• Oil is the property of the Iraqi people as a whole, just as the oil produced in Basra is the property of Kurdistan, so the opposite is also true. Therefore, the oil and gas file needs courageous and constructive decisions that seek the supreme national interest by the politicians of Baghdad and Erbil .

 

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Erbil stresses the need to legislate the Iraqi oil and gas law

 

towards a comprehensive agreement

In turn, the director of the Iraqi Center for Strategic Studies, Ghazi Faisal Hussein, said in an interview with Sky News Arabia :

• The Kurdistan Regional Government's commitment to the international arbitration decision on the region's oil exports through the Turkish port of Ceyhan is a positive step that paves the way for a comprehensive agreement between Baghdad and Erbil on this chronic contentious issue .
• This will push towards consensus, leading to Parliament’s legislation of the oil and gas law, in a way that guarantees fairness in the distribution of wealth and resources between the various governorates and regions of Iraq, including the Kurdistan region, which will provide wider investment opportunities for those resources within a comprehensive development strategy for Iraq as a whole .
• Thus, the decision of the Paris Court will contribute to the settlement of this outstanding file between Baghdad and Erbil, and lead to an agreement governing the investment of oil and gas and the development of industries and derivatives related to the vital energy sector .

Discord story

 

• In that case, Baghdad accused Ankara of violating the provisions of the 1973 Pipeline Agreement, which stipulates 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. "
• Baghdad says that the Ministry of Oil in the federal government, through the Iraqi Oil Marketing Company "SOMO", is the only authority authorized to manage exports through the port of Ceyhan, which caused a dispute between it and the Kurdistan government, which took over the export .

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According to a Kurdish media network: Erbil and Baghdad agree on a new mechanism to sell oil to the Kurdistan region

Sat 01, April 2023 12:47 |PoliticalViews: 565

According to a Kurdish media network: Erbil and Baghdad agree on a new mechanism to sell oil to the Kurdistan region (ninanews-com.translate.goog)

Bagdad (NINA) - According to information obtained by the Kurdish media network Rudaw from sources, which it described as high-profile, a positive meeting was held between representatives of the Kurdistan region and the federal government in Baghdad on Friday, which resulted in an agreement on a new mechanism to sell the Kurdistan region's oil in a joint manner. This meeting will be followed by other meetings to agree on oil contracts for the Kurdistan region and find new buyers for the region's oil from the port of Ceyhan, jointly, along with existing buyers, in a move that will reassure producing companies and buyers.

The President of the Kurdistan Region, Nechirvan Barzani, sent a letter to Prime Minister Mohammed Shia al-Sudani, and the President of the Kurdistan Regional Government, Masrour Barzani, held talks with the Prime Minister during a phone call.
According to Rudaw Media Network, all companies that were buying Kurdistan region's oil have been informed of the need to sign new contracts, as the Kurdistan region's oil will be sold from now on according to international prices, i.e. it will not be sold for $10 Less, but at the price at which the Iraqi Oil Marketing Company - SOMO sells oil, and with this agreement, the sale of Kurdistan region's oil will be approved by the Iraqi government.
Earlier, international oil companies confirmed that there is a high chance of reaching an agreement between the Kurdistan Regional Government and the federal government to resume oil exports./End9
 

[6ly410]

With the intervention of the Kurdish ministers. Details of the Baghdad-Erbil Agreement to Resume Oil Pumping Through Ceyhan

 

Politics / Economics | Today, 17:05 | 

With the intervention of the Kurdish ministers. Details of the Baghdad-Erbil agreement to resume oil pumping through Ceyhan » Baghdad Today News Agency

    

 

A member of the Kurdistan Democratic Party, Wafa Karim, confirmed on Saturday that an agreement had been reached to resume pumping oil through pipelines to the Turkish port of Ceyhan, with the intervention of Kurdish ministers in the government.

Karim told Baghdad Today that "the party's ministers in the Iraqi government, Fouad Hussein and two Rikani banks, held meetings in which they reached an agreement to resume oil exports."

Karim added that "the agreement provides for the re-export of oil under joint supervision between Baghdad and Erbil."

"Foreign companies operating in the oil fields received assurances to return to work and stay in the region, and this agreement existed even before the decision was issued by the Paris court," he said.

He pointed out that "there is still no specific date for the resumption of oil exports, but it will not be far away, and today things will become clearer, and may not exceed this week."

[6ly410]

For the first time

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

 

Economy | Today, 20:47 | 

In two days. Kurdistan oil returns its march outside Iraq under the supervision of Baghdad-Urgent » Baghdad Today News Agency

   

Baghdad Today - Baghdad

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

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

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

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

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

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

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

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

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

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

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

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

[tigergorzow]

17 minutes ago, 6ly410 said:

For the first time

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

 

Economy | Today, 20:47 | 

In two days. Kurdistan oil returns its march outside Iraq under the supervision of Baghdad-Urgent » Baghdad Today News Agency

   

Baghdad Today - Baghdad

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

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

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

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

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

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

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

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

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

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

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

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

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

 

GO RV / RI

[6ly410]

 

[6ly410]

Baghdad, Erbil to jointly manage Kurdistan’s oil under new deal: Source

2 hours ago

Aveen Karimaveeenkarim

KURDISTAN

ERBIL, Kurdistan Region - Baghdad and Erbil are expected to sign a deal that will allow both parties to jointly manage oil exports from the Kurdistan Region and will see a resumption in exports as early as Tuesday, a source briefed about the agreement told Rudaw English.

As negotiations continue between the Kurdistan Regional Government (KRG) and the federal government in Iraq aimed at finalizing the deal, the source said on Saturday evening that the agreement is expected to be officially announced early next week.

Rudaw understands that the agreement consists of joint oil exports by the KRG’s Ministry of Natural Resources and Iraq’s State Organization for Marketing of Oil (SOMO). The revenue from the exports will be stored in an account managed by the KRG under the observation of the federal government in Iraq, the source added.

Oil firms in the Kurdistan Region halted production or reduced output after a Paris-based arbitration court last week ruled that Turkey had violated an agreement with Iraq by allowing independent oil exports from the Region through its pipeline in 2014. Oil exports from the Kurdistan Region have been halted for a week as a result.

In the wake of the ruling, KRG delegations have traveled to Baghdad in an attempt to reach an agreement.

Another source familiar with the negotiations told Rudaw on Friday that the KRG and Iraqi government had reached a preliminary agreement, but that other meetings were still needed.

The anticipated deal will restore stability to the oil market as well as for international oil companies (IOCs) operating in the Region. The halt in oil exports has jeopardized the production of around 450,000 barrels of oil per day as IOCs are storing produce. The suspension of oil exports to the port of Ceyhan also contributed to a 5.7 percent rise in global oil prices.

The KRG is heavily reliant on oil revenues and an extended inability to sell its crude will severely impact its economy. The government has struggled for years to pay over a million civil servants on time and in full.

The court ruling and Baghdad-Erbil relations

Tension between the KRG and federal Iraq flared following a court ruling early last year which declared the Kurdistan Region’s energy sector unconstitutional.

“If Baghdad and Erbil now quickly agree a joint marketing scheme, perhaps just one to last until a federal hydrocarbons law is passed, then there is no damage to Baghdad-Kurdistan relations and the crisis has actually just moved us to a solution even faster,” Michael Knights, analyst and fellow at The Washington Institute, told Rudaw English on Wednesday.

The peak of tense relations between the KRG and Iraq coincided with a time of political uncertainty and instability, but Iraqi Prime Minister Mohammed Shia’ al-Sudani has shown signs of working to ease them since he took office in October.

Last month, a budget agreement was reached between Erbil and Baghdad, with the country finally passing a budget after nearly a year without one in place.

“The Sudani government was moving ahead with a joint marketing deal with Kurdistan and this will only accelerate the negotiations, because now half a million barrels of global supply is on the line,” Knights added talks regarding oil between both sides.

Arbitration court ruling

The International Chamber of Commerce (ICC) arbitration court ruled on March 23 that Turkey had breached a 1973 pipeline agreement that obliges the Turkish government to abide by instructions issued by Iraq regarding the transport of crude oil exported from Iraq. Iraq welcomed the ruling, claiming to be triumphant.

However, Turkey’s Ministry of Energy and Natural Resources then issued a statement arguing that the court had in fact rejected four of Iraq’s five claims, without mentioning what these were, adding that Iraq should in fact pay Turkey compensation.

Following the decision, Turkey informed Iraq that Ankara would no longer allow KRG crude to be loaded onto ships at Ceyhan port without permission from Baghdad.

“The case in question is essentially a result of the ongoing dispute on the right to manage oil resources between the Federal Government of Iraq and the Kurdistan Regional Government, a constitutional part of Iraq,” the ministry added, suggesting the disagreement lies between Baghdad and Erbil.

On Friday, the United States urged Baghdad and Ankara to end the week-long halt of the flow of the Kurdistan Region's oil. "We have urged the governments of Turkey and Iraq to resume the flow of oil through the Iraq-Turkey pipeline," a US State Department official told Rudaw.

 

[6ly410]

 

Oil export from the Kurdistan region of Iraq to Turkey will resume on Monday (two government sources)

Posted 51 seconds ago

 Oil export from the Kurdistan Region of Iraq to Turkey resumes Monday (two government sources) - Iraq News (iraqakhbar-com.translate.goog)

 

news source /Noun Agency

 

The Kurdistan region of Iraq will resume exporting oil “within two days” to Turkey, about a week after stopping the process, after Baghdad and Erbil reached an agreement regarding the management of the region’s oil, as two government sources reported Saturday to Agence France-Presse.

 The issue of oil is a major long-term contentious file between the central government in Baghdad and the authorities of the autonomous Kurdistan region in northern Iraq.

After the two parties reached an agreement, a source in the Iraqi government told AFP on condition of anonymity that the region's oil exports towards the port of Ceyhan in Turkey "will resume within two days."

An official in the Kurdistan region confirmed to France Press, who also preferred not to reveal his identity, that information.

In addition, the official in the Iraqi government stated that the two parties agreed that “Kurdistan’s oil sales will be through (the Iraqi Oil Marketing Company) SOMO,” which means that Erbil will no longer unilaterally manage the oil file.

Likewise, a “joint committee” will supervise the “oil export process from Kurdistan.” As for imports, they will be placed in a “special account... under the supervision and control of the Iraqi government,” as the Kurdish official explained.

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

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

This dispute dates back to 2014, when Baghdad filed a lawsuit against its neighbor Turkey before the arbitral tribunal, objecting to Ankara’s announcement to export the oil of the Iraqi Kurdistan region to global markets without the permission of the Iraqi government.

The Iraqi government, which has tense relations at times with the authorities of the Kurdistan region of Iraq, strongly opposed the Turkish decision, considering that it is the only party entitled to manage oil exports from the region and its revenues.

Despite Baghdad's opposition, Erbil was exporting oil through Türkiye. The region's export rate is about 450,000 barrels per day.

And prompted the suspension of exports from Kurdistan, the Norwegian “DNO” company, the most prominent oil producer in the region, to stop its operations in the region.

Erbil believes that the central government seeks to put its hand on the region's oil wealth, while Baghdad demands that it have a say in managing the oil resources that are extracted from Kurdistan.

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

[6ly410]

Kurdistan Region oil export resumes within 48 hours

3 hours ago

Kurdistan Region Oil Export Resumes Within 48 Hours | Rudaw.net (rudawarabia.net)

ECONOMY

According to information obtained by Rudaw Media Network from the Iraqi Ministry of Oil, oil exports from the Kurdistan Region will resume within the next 48 hours.

 

According to information obtained by Rudaw Network, on Saturday (April 1, 2023), a joint room will be formed between the Ministry of Natural Resources of the Kurdistan Region and the National Oil Marketing Company (SOMO), "which will take over the tasks of selling the oil of the Kurdistan Region."

 

Rudaw learned that the position of deputy general manager of SOMO will be granted to the Kurds, in order for the Kurdish side to also participate in the process of selling oil from Iraq and the Kurdistan Region.

 

The agreement and the letter directing the export of oil to the Kurdistan Region will be signed tonight or tomorrow, Sunday, and will be sent to Turkey to resume the sale of oil. "Erbil and Baghdad will take the necessary steps and wait for Ankara's answer."

 

According to information reported by informed sources, and obtained by Rudaw Network, yesterday, Friday (March 31, 2023), a positive meeting was held between representatives of the Kurdistan Region and the Iraqi Federal Government, and they agreed on a new mechanism to jointly sell Kurdistan Region oil.

 

This last meeting will be followed by a series of other meetings to agree and clarify the oil contracts for the Kurdistan Region and find new consumers for the region's oil exported from the port of Ceyhan, along with the current buyers of the Kurdistan Region's oil, and in this way, this agreement will give guarantees to the producing companies and consumers of the Kurdistan Region's oil.

 

Earlier on Saturday, Al-Monitor reported that "Iraqi and Turkish officials are expected to meet soon to discuss new procedures for exporting Iraq's oil through Turkey."

 

The spokesman for the Iraqi Ministry of Oil, Assem Jihad, told Al-Monter that a delegation representing the Iraqi government will visit Ankara soon to negotiate, stressing that "neither the Turkish party nor the Kurdistan Region rejected the decision issued by the International Arbitration Committee," and that, as he put it, this will pave the way for a "new beginning."

[6ly410]

The agreement between the region and Baghdad was handed over to Sudanes

[6ly410]

The regional government and the Baghdad government agreed on the oil case

[6ly410]

Within 24 hours... the resumption of oil exports from the Kurdistan region

Posted 36 seconds ago

 Within 24 hours. Oil exports resume from the Kurdistan Region - Iraq News (iraqakhbar-com.translate.goog)

news source /Mawazine News

09:46 – 01/04/2023

Baghdad - Mawazine News
Kurdish media revealed that oil exports from the Kurdistan region of Iraq will resume within 48 hours.
And the means stated, “The signing of an agreement regarding the export of Iraqi Kurdistan’s oil tonight or tomorrow and sending it to Turkey to resume selling oil.”
She added, "A joint room from Baghdad and Erbil will supervise the sale of oil in the Kurdistan region of Iraq." Ended 29 / H

[6ly410]