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Search resuls for: "Rowena Edwards Ahmed Rasheed"


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☆ Iraq to ask Turkey to restart northern oil exports after Kurdish deal
  + stars: | 2023-04-02 | by ( Rowena Edwards Ahmed Rasheed | Rowena Edwards | Ahmed Rasheed | ) www.reuters.com   time to read: +2 min
Baghdad had argued that Turkey had violated a joint agreement by allowing the KRG to export oil to Ceyhan without its consent. Iraq's oil ministry in Baghdad said on Sunday it hopes to reach a final agreement soon with the KRG on resuming northern oil exports. Iraq's oil ministry said that details on the new export agreement would be announced "in due course". The resumption of pipeline flows from Iraq's semi-autonomous Kurdistan region will still need approval from Turkey. "A letter of request to resume oil flows will be sent by Baghdad to Ankara," a KRG official told Reuters on Sunday.
☆ Baghdad, Kurds close to deal to resume Iraq’s northern oil exports
  + stars: | 2023-04-01 | by ( Rowena Edwards Ahmed Rasheed Orhan Coskun | Rowena Edwards | Ahmed Rasheed | ) www.reuters.com   time to read: +3 min
LONDON/BAGHDAD, April 1 (Reuters) - Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Revenues will be deposited in an account managed by the MNR and supervised by Baghdad, the KRG official said. Iraq's oil ministry spokesman could not immediately be reached outside regular business hours. Baghdad and the KRG have agreed to continue meetings following the resumption of oil exports to find solutions to other lingering problems. "[These include] the contracts of the foreign companies operating in Kurdistan and the Kurdish debts," the senior Iraqi oil official said.
☆ Baghdad and KRG close to deal to resume Iraq’s northern oil exports
  + stars: | 2023-04-01 | by ( Rowena Edwards Ahmed Rasheed Orhan Coskun | Rowena Edwards | Ahmed Rasheed | ) www.reuters.com   time to read: +3 min
LONDON/BAGHDAD, April 1 (Reuters) - Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Revenues will be deposited in an account managed by the MNR and supervised by Baghdad, the KRG official said. Iraq's oil ministry spokesman could not immediately be reached outside regular business hours. Baghdad and the KRG have agreed to continue meetings following the resumption of oil exports to find solutions to other lingering problems. "[These include] the contracts of the foreign companies operating in Kurdistan and the Kurdish debts," the senior Iraqi oil official said.
☆ Explainer: What is the Iraq-Turkey oil pipeline dispute and who's on the hook?
  + stars: | 2023-03-31 | by ( Rowena Edwards Ahmed Rasheed | Rowena Edwards | Ahmed Rasheed | ) www.reuters.com   time to read: +5 min
REUTERS/Umit BektasMarch 31 (Reuters) - An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel. Iraq's federal government says its state-owned marketed SOMO is the only party authorised to manage crude exports through Ceyhan. Turkey was also asked to pay 50% of the discount at which KRG oil was sold, three sources said. According to a Turkish source, Iraq's initial demand was for about $33 billion. This comprised 370,000 bpd of KRG crude and 75,000 bpd of federal crude, a source familiar with pipeline operations said.
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