[the_ad id="121217"]

popular articles

Oil exports from Iraqi Kurdistan to Turkey to resume on Monday

After an interruption of several days, oil exports from Iraqi Kurdistan to Turkey will resume. An agreement has been reached between Baghdad and Erbil for the management of Kurdish crude oil.

Please share:

Iraqi Kurdistan will resume “in two days” its oil exports to Turkey, interrupted since last Saturday, after Baghdad and Erbil have agreed on the management of Kurdish crude, government sources said Saturday.

The oil issue has long poisoned relations between the authorities in Baghdad and those in Iraqi Kurdistan, an autonomous region in the north of the country. The two entities have indicated, however, to have reached an agreement, allowing a resumption “in two days” of oil exports from Iraqi Kurdistan to the Turkish port of Ceyhan, said an Iraqi government official to AFP on condition of anonymity. An Iraqi Kurdish official confirmed this information to AFP, while wishing to remain anonymous.

“Kurdistan’s oil sales will now go through (the Iraqi state oil company) Somo,” the Baghdad official said. That is, Erbil will no longer go it alone in the management of its oil, which has infuriated the federal government.

In addition, a “joint committee” formed by the two governments will monitor the “process of exporting oil from Kurdistan”.

Finally, the income earned will be paid into an account “monitored by Baghdad”, explained the Kurdish official. On paper, this agreement puts a temporary end to a dispute between Baghdad, Erbil and Ankara. Last Saturday, Turkey stopped importing oil from Iraqi Kurdistan after a court ruling in favour of the federal government. In 2014, Baghdad had filed a lawsuit against its Turkish neighbor at the arbitration tribunal of the International Chamber of Commerce in Paris, following Ankara’s announcement to import oil from Iraqi Kurdistan to the port of Ceyhan.

The Iraqi government was strongly opposed to the Turkish decision, believing that it was the exclusive manager of this oil. Ignoring Baghdad’s opposition, Erbil began exporting to Turkey. Today, these exports amount to about 450,000 barrels per day (bpd). The freeze on Kurdish exports had forced the Norwegian company DNO, one of the main oil producers in Iraqi Kurdistan, to stop its operations in the region.

Erbil believes that the central government is trying to get its hands on its wealth. Baghdad, for its part, wants to have a say in the exploitation of hydrocarbons throughout Iraq.

Iraq is the second largest country in the Opec and exports an average of 3.3 million barrels of crude oil per day.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The Indian group Adani has halved the electricity supplied to Bangladesh due to $850 million in unpaid bills. This reduction in energy flow places the country in a position where it must quickly address a shortfall.
As COP29 approaches, France presents an ambitious roadmap to strengthen renewable energy and reduce greenhouse gas emissions by 2030.
As COP29 approaches, France presents an ambitious roadmap to strengthen renewable energy and reduce greenhouse gas emissions by 2030.
As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.
As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.
Canada commits to a 35% reduction in emissions from its energy sector by 2030, imposing constraints on a key economic industry. This project brings both hopes and concerns among provinces and companies.
Canada commits to a 35% reduction in emissions from its energy sector by 2030, imposing constraints on a key economic industry. This project brings both hopes and concerns among provinces and companies.
[the_ad id="121209"]
[the_ad id="121211"]
Facing a severe fuel shortage due to a lack of foreign currency, Malawi has implemented rationing measures, raising fears over food security and the stability of the agricultural and economic sectors.
With the tightening of European CO2 emissions standards, car manufacturers must reduce their emissions or face massive penalties. A significant challenge that could reshape the industrial landscape in Europe.
With the tightening of European CO2 emissions standards, car manufacturers must reduce their emissions or face massive penalties. A significant challenge that could reshape the industrial landscape in Europe.
Patrick Pouyanné, CEO of TotalEnergies, calls on Donald Trump to uphold U.S. climate commitments if he wins in 2024, fearing the impact of excessive deregulation on the oil industry and public opinion.
Patrick Pouyanné, CEO of TotalEnergies, calls on Donald Trump to uphold U.S. climate commitments if he wins in 2024, fearing the impact of excessive deregulation on the oil industry and public opinion.
Trump proposes import taxes: mixed reactions from the energy sector
Trump proposes import taxes: mixed reactions from the energy sector
[the_ad id="121213"]
[the_ad id="121214"]
Facing rising energy prices, numerous French households are at risk of power cuts and reduced electricity supply. An alarming situation that raises questions about the essential nature of energy.
Turkey launches a plan to modernize its electrical grid with the support of Climate Investment Funds and international financial players, aiming to quadruple solar capacity and double wind energy by 2035.
Turkey launches a plan to modernize its electrical grid with the support of Climate Investment Funds and international financial players, aiming to quadruple solar capacity and double wind energy by 2035.
Paris Calls for a Delay in CO2 Sanctions Against European Automakers
Paris Calls for a Delay in CO2 Sanctions Against European Automakers
The clean energy technology market could reach a value of $2 trillion by 2035, driven by solar, wind, electric vehicles, and other innovations, according to the latest IEA report.
The clean energy technology market could reach a value of $2 trillion by 2035, driven by solar, wind, electric vehicles, and other innovations, according to the latest IEA report.
For two weeks, a power outage caused by jihadist sabotage has affected 19 states in northern Nigeria, paralyzing daily life for millions and weighing heavily on the local economy.
Belgium’s ambitious artificial island in the North Sea, designed to centralize renewable energy distribution, sees its costs triple, raising concerns about its financial and environmental future.
Belgium’s ambitious artificial island in the North Sea, designed to centralize renewable energy distribution, sees its costs triple, raising concerns about its financial and environmental future.
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
As COP29 approaches, a UN report highlights that current climate commitments will not suffice to limit global warming to 1.5°C, endangering economies and human lives.
As COP29 approaches, a UN report highlights that current climate commitments will not suffice to limit global warming to 1.5°C, endangering economies and human lives.
[the_ad id="121219"]
By leveraging its nickel resources, Indonesia inaugurates its first battery plant with the ambition of becoming a major player in the electric vehicle supply chain.
A new UN report highlights the urgency of accelerating global emission reductions, with strengthened targets expected by February 2025 to avoid a catastrophic 3°C temperature rise.
A new UN report highlights the urgency of accelerating global emission reductions, with strengthened targets expected by February 2025 to avoid a catastrophic 3°C temperature rise.
The opposing positions of Kamala Harris and Donald Trump on climate policy make the American election a crucial moment for the world’s environmental future.
The opposing positions of Kamala Harris and Donald Trump on climate policy make the American election a crucial moment for the world’s environmental future.
After years of conflict surrounding the Western Guyanese power plant, an unprecedented agreement has been signed with the Amerindian village of Prospérité, including an endowment fund to support local development.
After years of conflict surrounding the Western Guyanese power plant, an unprecedented agreement has been signed with the Amerindian village of Prospérité, including an endowment fund to support local development.
Ontario announces an ambitious plan to meet a 75% increase in electricity demand by 2050, focusing on nuclear, hydropower, and natural gas.
Up to £10 billion of pre-tax value could be unlocked in the North Sea if the UK adopts an incentive-based tax policy, restoring trust between the government and the oil and gas industry.
Up to £10 billion of pre-tax value could be unlocked in the North Sea if the UK adopts an incentive-based tax policy, restoring trust between the government and the oil and gas industry.
Trump's potential return to the "Schedule F" measure could ease energy project approvals but risks legal delays due to the replacement of technical experts with political appointees.
Trump's potential return to the "Schedule F" measure could ease energy project approvals but risks legal delays due to the replacement of technical experts with political appointees.
Denmark will not meet the 90% gas storage threshold by November 1st due to production and maintenance delays, according to the Danish Energy Agency.
Denmark will not meet the 90% gas storage threshold by November 1st due to production and maintenance delays, according to the Danish Energy Agency.

Advertising