2023-11-16T13:35:20+00:00
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/ The Oil and Gas Committee in the Iraqi Parliament revealed, on Thursday, the reason for the disruption of the resumption of oil exports through the Kurdistan Region to Türkiye, which had been halted since last March.
It is noteworthy that on March 25, it was announced that the flow of oil from Iraq to the port of Ceyhan in Turkey had stopped, against the backdrop of a decision issued by the Paris-based International Court of Arbitration regarding the export of oil between Türkiye and Iraq.
Committee member, Sabah Sobhi, told Agency: “There is no disagreement or obstacles between the federal government and the regional government regarding resuming the export of the region’s oil through Turkish territory, and all of them ended after solutions were reached, but the federal government has not yet decided its matter with the companies.” Foreign companies working to extract oil, in addition to controversial points between Baghdad and Ankara that have not yet been resolved.”
He added, “The files that delayed the resumption of the export of Kurdistan Region oil via Turkey, including that the federal government set 8,500 dinars, and this price is illogical, and the extraction companies need $22 per barrel to cover the extraction costs according to the contracts, taking into account oil extraction contracts.” In the Kurdistan Region, participation contracts differ from the contracts of companies in the federal provinces.”
The member of the Parliamentary Committee explained, “The second round of negotiations between the federal government and the Turkish side has not yet begun, and there are obstacles regarding that, given that Iraq is requesting Turkey for $3 billion, according to the decision of the International Court of Arbitration in Paris.”
Sobhi pointed out, “The other point that hinders the resumption of oil exports is the costs of transporting the Kurdistan Region’s oil through pipelines to Turkish territory, and that the Turkish government is asking for $7 for each barrel, in addition to the fact that the transporting company is asking for $13 for each barrel, for a total of 20.” A dollar for every barrel exported through Turkish territory, and this matter has not been decided yet.”