... larger settlement. Pointing out that the agreement's precise terms are still unknown. Furthermore, there are still several unresolved issues on the Turkish side of the agreement, making it quite unclear.
Fahil Abdulbasit Abdulkareem:
Turkey Terminates Iraqi Oil Export Agreement: Reasons and Consequences
The Future of KRG Oil: Navigating the Complex Pipeline Agreement
Following a decision on a 2014 complaint filed by Baghdad with the International Chamber of Commerce (ICC), the Kirkuk-Ceyhan pipeline was ...
... exports through the Persian Gulf were disrupted during the Iran-Iraq War (1980–1988), but the deal was successful in expanding Iraq's strategic alternatives for oil exporting. Turkey also benefited from the arrangement, which allowed it to profit from Iraqi oil export earnings, advantageous oil prices at the time, and the pipeline's upkeep and operation expenses via its borders.
The pact is still important for both countries today, even though it was signed 52 years ago. Despite signing agreements and discussing ...
... Russian companies in Iraq are occupied with the issue of production cuts under the
OPEC+ deal
. For example, PJSC LUKOIL consistently conducts negotiations with the Iraqi government. According to Reuters’ sources, in May, LUKOIL, at the request of the Iraqi Oil Ministry, reduced production at the West Qurna-2 field by 70,000 barrels per day, and then from June 13, by another 50,000 barrels per day up to 275,000 barrels per day. Obviously, such negotiations are underway with other Russian companies.
In addition ...
... Iraqi Foreign Minister Mohamed Ali al-Hakim are due to
preside over
its work. Nevertheless, further changes in the government may still affect the plans.
Viktor Katona, Ruslan Mamedov:
Russia’s Interests in the Arab Mashreq: Analyzing the Future of Oil and Gas in Iraq and Syria
Recent reports from Iraq say that Mustafa al-Kadhimi, the former intelligence chief who has been named Iraq's prime minister-designate, stands a higher chance of success than the previous candidates. Two aspects are noteworthy in this respect: ...
... Mashreq: Analyzing the Future of Oil and Gas in Iraq and Syria
Sanctions against Iran imposed once again following the withdrawal of the United States from the Joint Comprehensive Plan of Action (JCPOA) were a crucial factor in the importance of the Iraqi oil market. With Iran hit by sanctions, the need for oil supplies from Iraq emerged to prevent a shortage on the global oil market. When the United States imposed the sanctions against Iran, it assured the West that the market supply of oil and the stability ...
... «Conflicts in the Middle East: Tools and Strategies for Settlement». This paper is devoted to analyzing the situation in the oil and gas market in Iraq and Syria, as well as the energy policy of Russia in the Arab Mashreq region. The authors also analyze Iraq’s oil prospects in the post-war period under sanctions against Iran. Special attention is paid to the Kurdish factor and the role the Kurds play in the future of energy in the region, the possibility of subregional integration in the Arab Mashreq and the ...
... Cooperation Council (GCC). This agreement would also increase pressure on non-compliant states like Iraq, to adopt similar measures, even though gaining full cooperation from Baghdad is complicated by the Iraqi government’s lack of jurisdiction over Iraqi Kurdish oil contracts. In short, Russia has a major opportunity at the August 7-8 Abu Dhabi summit to emphasize its unequivocal commitment to obtaining universal compliance amongst OPEC member states with oil production quotas. Achieving this level of compliance ...
By Brian E. Frydenborg, February 26th, 2015 (updated February 27th-28th)
Originally published on LinkedIn Pulse here
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One of the sad things about looking at current commentary about Russia, America, and the state of their relationship is the lack of measured and reasoned...
... situation would not slow down West Qurna-2 progress. The production rate will soon reach 400,000 bpd or even exceed this level, whereas the current rate stands at
330,000 bpd
.
Baghdad is Strengthening Ties
www.countercurrents.org
Although Russian-Iraqi oil cooperation is unquestionably restrained by export pipeline difficulties and red tape, Russian oilmen are genuinely happy about their engagement with the Iraqi administration and Oil Ministry.
As a matter of fact, Iraqi officials, who are often surrounded ...
... after Saudi Arabia and Iran. Iraq accounts for slightly less than 10% of the world’s proven oil reserves.
Contrary to the widely held believe that the American intervention had been started supposedly so that the U.S. could lay their hands on Iraqi oil, the country organized bidding, involving three dozen foreign companies. Russian company Lukoil, for example, received the right to develop the large West Qurna-2 field, with estimated reserves of 5 billion barrels of oil, while Gazprom Neft in the ...
