2024-03-16T08:17:22+00:00
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/ On Saturday, the Iraqi Ministry of Oil revealed the most recent developments within the work of the technical committees between Baghdad and Erbil to unravel the issue of exporting oil from the fields of the Kurdistan Area, by the Turkish port of Ceyhan.
Ministry spokesman, Asim Jihad, instructed Company, “Technical committees are working between Baghdad and Erbil for the aim of finishing a remaining and clear settlement between the 2 events that ends the prevailing disputes over the export of oil from the Kurdistan Area after it stopped.”
Jihad added that these committees “talk about export mechanisms and what’s associated to them, and there are issues associated to the monetary dues that consequence from oil gross sales, in addition to the rights of oil corporations which have signed partnership contracts with the regional authorities, and with the decision of those issues and reaching a whole settlement, oil exports will resume.” “.
He continued: “It’s not troublesome to succeed in an settlement with the Turkish facet for the aim of resuming oil exports, as we spoke with the Turkish facet on this regard and their response was that the pipes are prepared,” including: “The Ministry of Oil labored to restore the Kirkuk-Ceyhan subject line, in order that it might be prepared for export, however Resuming pumping is linked to technical operations decided by the ministry in coordination with oil corporations.”
Concerning oil manufacturing within the Kurdistan Area, Federal Oil Minister Hayan Abdul Ghani mentioned that there are negotiations with corporations presently working within the area as a result of they entered into contracts with the Kurdistan Area on the premise of partnership, whereas the Iraqi structure prohibits partnership within the fields and we’re within the course of of adjusting these contracts to share in income and never In property and manufacturing.
Turkey stopped oil exports amounting to 450,000 barrels per day from the Kurdistan Area, by way of the Ceyhan line, final March, after the Worldwide Chamber of Commerce ordered Turkey to pay compensation to Baghdad for harm it suffered from the regional authorities’s export of oil with out the permission of the federal authorities between 2014 and 2018.