Could Baghdad export Basra oil through the Iraq-Turkey pipeline?
Earlier in March, Iraq's oil minister revealed that Baghdad is exploring the possibility of exporting Basra oil through the Iraq-Turkey pipeline. Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been halted since March 2023 after a Paris-based arbitration court ruled in favor of Baghdad.
Will Iraq-Turkey pipeline restart oil exports?
KRG Prime Minister Masrour Barzani traveled to Baghdad earlier on Tuesday to finalize the agreement with Prime Minister Mohammed al-Sudani. A formal request has been sent to Turkey to restart oil exports through an Iraq-Turkey pipeline and “in the next few hours pumping will resume,” a Baghdad government official said.
Will Iraq restart northern oil exports?
(File photo: Reuters) Iraq’s federal government and the Kurdistan Regional Government (KRG) signed a deal to restart northern oil exports on Tuesday, official sources told Reuters. KRG Prime Minister Masrour Barzani traveled to Baghdad earlier on Tuesday to finalize the agreement with Prime Minister Mohammed al-Sudani.
Who owns KRG oil in Iraq?
Under the deal, Iraq’s state-owned marketing company SOMO will have the authority to market and export KRG oil and the revenues will be deposited in an account at the Iraqi Central Bank under the control of the KRG, two Iraqi government officials said.
Will Iraq reopen oil exports in the Kurdistan Region?
In early February, the Iraqi parliament approved amendments to the federal budget law, which included a $16 per barrel production and transport fee for international oil companies (IOCs) operating in the Kurdistan Region. This move is considered a critical step toward restarting oil exports.
Will Iraq restart Kirkuk oil exports after a year-long halt?
91 Argus Media, “Iraq restarts Kirkuk crude flows through KRG pipeline,” November 16, 2018; Reuters, “Iraq restarts some Kirkuk oil exports after year-long halt,” November 16, 2018. 92 KirkukNow, “Kirkuk exports 2.5M barrels in January for 180 million dollars”, February 3, 2023.
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Get Price →Turning trash into power: 100MW energy plant launched in Baghdad
Shafaq News/ Iraq''s Electricity Minister Ziyad Ali Fadhil announced on Thursday, that the country''s first large-scale waste-to-energy project will generate 100 megawatts of …
Get Price →Kurdistan Region to Resume Oil Exports Next Week, says …
The oil flows were halted by Turkey in March 2023 after the International Chamber of Commerce ordered Ankara to pay Baghdad damages of $1.5 billion for unauthorized pipeline exports by the Kurdistan Regional Government between 2014 and 2018. "Tomorrow, a delegation from the Ministry of Oil ... will visit the Kurdish region to negotiate the mechanism for receiving …
Get Price →Kurdistan Reaches Initial Agreement with Baghdad to Restart Oil Exports ...
Oil from the Kurdistan Regional Government in northern Iraq may start flowing as soon as this week after KRG and federal government officials reached a preliminary agreement to restart exports, which have been cut off since March 25th. "Following several meetings between the KRG and federal government, an initial agreement has been reached to resume …
Get Price →Baghdad and Erbil: the oil agreement in the background of a …
Baghdad and the Kurdistan region discuss salaries, while the Iraq-BP deal on Kirkuk oil fields sparks speculation of resuming oil flows, despite no official confirmation. ... the Iraq-BP agreement to increase production in Kirkuk fuels speculation about a possible resumption of oil exports. ... EIB and Iberdrola sign loans to enhance energy ...
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Iraq, Opec''s second-largest producer, has this week announced breakthroughs that could consolidate its control of oil and natural gas resources and open a new chapter in foreign investment in its energy sector.
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BAGHDAD, August 31, 2016 – Iraq and the Kurdistan Regional Government (KRG) have reportedly reached a deal on crude exports from Kirkuk, a Kurdish official was quoted as saying on Wednesday. According to the London-based Arab daily Asharq Al Awsat, Iraqi Prime Minister Haider Jawad Kadhim Al Abadi and his Kurdish counterpart, Nechirvan Barzani, have agreed …
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Energy Storage Energy Efficiency New Energy Vehicles Energy Economy Climate Change Biomass Energy Mining and Metailurgy . ... Baghdad considers such KRG exports as illegal. "Iraq was officially informed by the International Court of Arbitration final ruling on Thursday and it was in favour of Iraq," a senior oil ministry official said.
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ERBIL (Kurdistan24) – In a significant breakthrough, Erbil and Baghdad have reached an agreement to resume the Kurdistan Region''s oil exports, marking a step toward …
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It halted the flows after the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad about $1.5 billion in damages for unauthorised exports between 2014 and 2018. Baghdad argued that its national company for marketing Iraq''s oil, SOMO, was the only party authorised to manage crude exports via the Turkish port.
Get Price →Baghdad, Erbil sign final deal to restart northern oil exports
KRG Prime Minister Masrour Barzani traveled to Baghdad earlier on Tuesday to finalize the agreement with Prime Minister Mohammed al-Sudani. A formal request has been …
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Control of the country''s energy sector and northern oil exports has been effectively split between Baghdad and Erbil since 2014, through a combination of ambiguities in Iraq''s post-war …
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Baghdad and Erbil meet to resolve the suspension of Kurdish oil exports, affecting production and the Mediterranean market. Faced with the suspension of Kurdistan''s oil exports since March and tensions over production and revenue sharing, Baghdad and Erbil set about creating a committee to draft an oil and gas law.
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Get Price →Iraqi Kurdistan Oil Exports Still Blocked After Failed Talks
Oil producers working in Kurdistan include DNO, Genel Energy, Gulf Keystone Petroleum and Shamaran Petroleum. Another source with knowledge of the matter told Reuters that Baghdad had earlier promised that the price would apply to all production but had backtracked at the Sunday meeting with oil firms. U.S. Official
Get Price →Iraqi Kurdistan and Baghdad: an agreement to ensure oil exports
Baghdad and Iraqi Kurdistan have signed a "temporary" agreement to allow the resumption of Kurdish oil exports to Turkey, interrupted for ten days, in an effort to end a long …
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KRG: exports down to 50kbpd, may shut down in a month without payment. KRG threatens Baghdad with export shutdown. . Products & Services.
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