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Sunday, March 3, 2024

Ruling halts oil exports from Iraq’s Kurdish space through Turkey

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Iraqi officers introduced Saturday that Baghdad has gained a world arbitration case that may halt oil exports from the semi-autonomous Kurdish area by means of Turkey

BEIRUT — Iraqi officers introduced Saturday that Baghdad has gained a world arbitration case that may halt oil exports from the semi-autonomous Kurdish area by means of Turkey.

Officers in Baghdad and Irbil, the seat of the Kurdish regional authorities, have lengthy been at odds over sharing of oil revenues. In 2014, the Kurdish area determined to unilaterally export oil by way of an impartial pipeline to the Turkish port of Ceyhan.

Baghdad referred to as the transfer “smuggling” and “theft” and filed a case in opposition to Turkey within the Worldwide Court docket of Arbitration, arguing that Turkey was violating the provisions of the Iraqi-Turkish pipeline settlement signed in 1973.

The central authorities considers it unlawful for Irbil to export oil with out going by way of the Iraqi nationwide oil firm, whereas Kurdish authorities have stated the follow is supposed to compensate for finances transfers withheld from the Kurdish area by Baghdad.

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Iraq’s ministry of oil stated in a press release that the ministry, through the nationwide oil advertising and marketing firm, SOMO, “is the one entity licensed to handle export operations by way of the Turkish port of Ceyhan.”

Within the wake of the ruling issued in Paris on Thursday, the ministry stated it should “talk about the mechanisms of exporting Iraqi oil by way of the Turkish port of Ceyhan with the involved authorities within the area and with the Turkish authorities… in a fashion that ensures the continuation of oil exports and the success of SOMO’s obligations.”

The Kurdish area’s ministry of pure assets stated in a press release that the regional authorities is not going to “quit on the constitutional rights of the Kurdistani individuals” and that the ruling is not going to hurt its relations with the central authorities.

The area’s Prime Minister Masrour Barzani stated latest discussions with Baghdad “have laid the groundwork for us to beat the arbitration ruling at the moment” and {that a} group from the regional authorities will journey to Baghdad on Sunday for talks.



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