Iraq Turkey Pipeline Agreement

The KRG pipeline is 60% owned by Rosneft and 40% owned by the Private Kurdish company KRG Group. Capacity was expanded to 1 million b/d in November, shortly before new exports began. Baghdad wants control of these revenues and the distribution of revenues on the basis of an agreement with Erbil that has eluded both governments since the fall of Saddam Hussein in 2003. Baghdad fears that a ruling in turkey`s favour would give the KRG the kind of energy autonomy that would also lead to full political independence. “I think it [the closure of the pipeline] helped to evacuate the Urals program,” said a trader who operates in the La Dens market on the Mediterranean coast. In mid-November, the Iraqi federal government resumed Kirkuk crude exports through the Kurdish-Turkey pipeline after agreeing to a tentative agreement with the KRG. Al-Ghadhban, who said she was following and discussing the implementation of the decisions taken during Minister Dunmez`s visit: “During the meeting, we focused particularly on the commercial activities between the two countries and on the development of their energy relations. We also discussed the activities of Turkish companies. During this meeting, we told Mr.

Dunmez, with the agreement and agreement of the Iraqi Government, of the intention of the Iraqi Ministry of Oil. This intention is the construction of a new crude oil pipeline along the old road to transport Iraqi crude oil from Kirkuk to the Turkish border. There is also a common approach to building a power line between the two countries. The Honourable Minister will discuss this issue with the Iraqi Minister of Electricity. The new pipeline is an important project for the export of Iraqi oil and promises to compensate for the loss of Iranian oil by Turkey. However, disputes persist between Baghdad and Erbil, as well as disagreements over water between Ankara and Baghdad. Crude oil flows on the Kurdistan-Turkey pipeline are picking up: sources The arbitration, now in its fifth year, concerns the Iraq-Turkey pipeline (PTI), also known as the Kirkuk-Ceyhan pipeline. It is Iraq`s largest crude oil pipeline that allows the country to export more than 600 miles from two major oil fields near Kirkuk to the Mediterranean port of Ceyhan in southern Turkey. The pipeline is jointly owned by the two countries and is governed by a 1973 agreement. krg, pipeline, iraqi oil, iranian oil, iraq-turkish relations, erbil Sources said pipeline flows were backup at 400,000 b/d on Monday, after having averaged 500,000-550,000 b/d in recent months.

London – Crude oil flows on the Iraqi Kurdistan-Turkey pipeline resumed on Monday after the bulk of crude oil supplies were closed for more than a week due to sources of maintenance, trade and industry. In May 2014, KRG sold its first itP oil to the Turkish national oil company BOTAS, which then dumped it on an oil tanker in Israel. Baghdad immediately responded with a request for arbitration to the ICA against the Turkish government and BOTAS. Baghdad claimed that Ankara had violated the terms of the 1973 agreement by allegedly taking, storing and loaded oil from Iraqi territory without the agreement of the Iraqi government. The final hearings are scheduled for September, followed by a decision within 90 days of the ICA procedure. Turkey`s intention to become a regional energy centre using the geography network and pipelines to serve as an energy corridor between oil and gas-rich countries in Central Asia and the Middle East and Europe`s major consumer countries is a potential opportunity for closer cooperation.

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