Breaking News

Amal Clooney assists International Criminal Court in evaluating evidence of Gaza war crimes Chicago Bulls considering Mitchell Robinson as a trade target Ways to Approach Conversations with Children about Mental Health Micron Technology Analyst Turns Bullish: Top 5 Upgrades for Today – Micron Technology (NASDAQ:MU) Spring sports top performers from Erie County announced in final District 10 list

The Iraqi Ministry of Oil has reaffirmed its commitment to resolving disputes and resuming exports through the Iraqi-Turkish pipeline under the guidance of the government. The ministry emphasizes that foreign companies operating in Iraq must respect the country’s sovereignty and laws, rather than interfering in sovereign affairs related to foreign policy.

In response to a statement by the Kurdistan Oil Industry Association (APICOR) containing distorted facts and fallacies, the Ministry has clarified that the cessation of oil exports through the Iraqi-Turkish pipeline in March 2023 was a result of a Turkish decision following an international arbitration ruling favoring Iraq. The Ministry has been engaged in negotiations with the Turkish side to restart the pipeline and address technical issues.

One of the main reasons for the current halt in exports is the refusal of foreign companies in the Kurdistan region to hand over their production for export as required by federal law. The Ministry has made efforts to resume exports through the pipeline, urging compliance with the law. However, companies have failed to deliver their oil for export as required by law, hindering progress towards resuming exports.

The Ministry requested copies of contracts from the Kurdistan Regional Government and oil companies for review and renegotiation to ensure compliance with constitutional laws. However, these contracts have not been provided, and companies are demanding excessive fees for resuming oil deliveries, which violates budget laws.

Despite these obstacles,

Leave a Reply