هەواڵ
Iraq calls for urgent meeting with Kurdistan to resume oil exports
بڵاوکراوەتەوە لە : 29 ئایار 2024
قەبارەی دەقەکان
قەبارەی دەقەکان
هەواڵ
بڵاوکراوەتەوە لە : 29 ئایار 2024
قەبارەی دەقەکان
قەبارەی دەقەکان
Iraq's oil ministry on Tuesday called for meeting "as soon as possible" with the Kurdistan region’s ministry of natural resources and international companies operating there to reach a deal on resuming oil exports via a pipeline to the Turkish port of Ceyhan.
In a statement, the ministry said the meeting's goal was to discuss the export of oil from the Kurdistan Region through the Ceyhan port in accordance with the agreement.
The amount of oil exports will be determined by the budget law, according to the statement.
Iraq has lost $11 billion in revenue and $400 million in investments by APIKUR member companies following the suspension of oil exports from the Kurdistan Region through the Iraq-Turkey pipeline.
Despite the readiness of the Turkish and Kurdistan Regional Governments (KRG), Iraq is still not ready to resume oil exports.
Flows through the ITP were halted after the Paris-based International Chamber of Commerce in a longstanding arbitration case ruled Ankara had violated provisions of a 1973 treaty by facilitating such exports without the consent of the Iraqi federal government.
