Epikur: The Iraqi government will not take any measures to export oil from the Kurdistan Region

12:16 - 07/09/2024
Kurdistan

The Iraqi government has not taken any measures to resume oil exports, while Turkey has repeatedly said that the oil pipeline to the port of Ceyhan is ready and the Kurdistan Regional Government has agreed to resume exports, a spokesman for the Kurdistan Oil Industry Association said.

  

 Miles Cagins, spokesman for the Kurdistan Oil Industry Association (Epikur, said that while Turkey has announced that the oil pipeline to the port of Ceyhan is ready and the Kurdistan Regional Government has agreed, but the Iraqi government has not taken any practical steps. Exporting oil through the port of Jayhan is a chance for Iraq to increase its share of the global market.

  

 He added that the member companies of Epikur are ready to resume the process of exporting oil, provided there is an agreement, the cost of past, present and future exports, payment directly, and take into account the commercial conditions  There are contracts.

  

 According to Cagins, the loss of the suspension of oil exports is $ 1 billion a month, the loss to the Kurdistan Regional Government, oil companies and Iraq, a total of $ 19 billion.

  

 On March 25, 2023, the Paris Arbitration Court suspended the export of oil from the Kurdistan Region, which was 400,000 barrels per day from the Kurdistan Region and 75,000 barrels per day from Kirkuk.

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