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"then how about there are unresolved issues about exporting ANY oil through Turkish ports"
You hit the nail on its head there @theoryman. What does the Turkish state really wants? The policy towards Iraq since the Syrian Civil war broke out is astonishing to say the least. Needless to remember that (in reality) ISIS was (and still is?) nurtured by the Turks under Erdoğan and his political party (Muslim Brotherhood, under a different name), allegedly in a bid to revive the Ottoman Empire? Without Turkish help the Kurdish pipeline wouldn't had been built, and without ISIS the old pipeline would have continued to function just like it did since its construction.
Given all that history, who knows what unresolved issues (if any) there might be.
Best Regards ValueS
@ValueS, isn’t Fishkhabour in Kurdistan, so one end of the pipeline is not “entirely within the territories under ICG control “?
Could be a good bargaining chip for the Kurds?
@ValueS, does it run through any disputed territory?
Are there any reasons you are aware of that might cause the FGI to NOT start exporting Kirkuk oil with immediate effect?
If you can’t, and no one else can either, then how about there are unresolved issues about exporting ANY oil through Turkish ports, never mind just Kurdish?
No pipeline, no backpayments, Kurds broke
To me that makes no difference at all. The pipeline isn't the issue. The issue is getting contracts and back payments sorted out.
I guess it's a hard one to call with so much going on behind the scene
Thanks anyway ValueS
"So is this good or bad for GKP?"
I don't know tbh. It depends on the intentions of the ICG I think. Will they allow Kurdish oil to flow through this pipeline? Under what conditions/circumstances?
Best Regards ValueS
Wow, this is new to me, thankyou ValueS
So is this good or bad for GKP?
"This feels different"
It's different alright, they are talking about the old (non-Kurdish) pipeline that connects Kirkuk to Fishkhabour, which Iraq was using to export oil through Turkey prior to the construction of the Kurdish pipeline. The old pipeline lies entirely within the territories under ICG control and used to have a capacity of c. 2 MMbopd. As far as I know, during the Iran-Iraq war, Iraq relied entirely on this pipeline for oil exports as the Persian Gulf was blocked by the Iranian navy.
Best Regards ValueS
Sorry missed typed
I meant to say, If this is true then even if permission was give to send the Oil through the pipeline it would have NOT been possible to do so
"He pointed out that "the North Oil Company worked over the past months to replace the damaged parts by the Oil Lines Department, which contributed to the work and completed the complete repair of the pipeline, and it is now ready to transfer any quantity determined by the Iraqi Oil Ministry to resume the export of crude oil from the Kirkuk fields to the Turkish port of Ceyhan"
The above taken from the recent article, if this is true then even if permission was give to send the Oil through the pipeline it would have been possible to do so
This gets more crazy by the day, I wonder if we will hear anything from Apikur regarding this
Khelder your absolutely right..
And if the pipeline was recently damaged should we have been also notified by GKP ?
Mind boggles with the statement from all sides.
According to this article the pipeline had been damaged by Isis and they have just now fixed it.
If that’s the case why didn’t they say this before.
Either this is codswallop or this is Iraq governments insane lame excuse of why the pipeline has not been opened.
Tomorrow’s meeting between Turkey and Iraqi officials could be the turning point. Fingers crossed they come to some agreement and open the pipeline
Atb to all holders
This feels different
We've seen almost identical statement multiple times already...
Https://shafaq.com/en/Economy/Iraqi-Turkish-pipeline-fully-restored-ensuring-uninterrupted-oil-flow
Turkey made (makes) approx. $1,400m - $1,600m per year operating the ITP. It's very clear that they have heavy incentives to get get it restarted. It's a huge source of income for Turkey and I'm confident they will make concessions on other topics, just to get it reopened.
Turkey has stated publicly four (4) times since October 2023 that they are ready for a ITP reopening.
From ADVFN, point of optimal tension reached now I think.
https://www.kurdistan24.net/en/story/34270-U.S.-Presses-Baghdad-to-Resolve-Disputes-with-KRG-ahead-of-Sudani-Visit:-Report
2023 the US taxpayer forked out $3 bill. and that was just for humanitarian - the total annual aid will be eye-watering.
I think we can guess where the lion’s share gets syphoned off to !
The general population will probably see very little of uncle Joe’s naive good deed.
Https://www.reuters.com/world/middle-east/turkey-iraq-hold-high-level-talks-security-energy-baghdad-ankara-says-2024-03-13/
One way or another I think this is coming to a head in next few weeks. I feel the PKK are the sacrificial lambs in this regard
Andy, yes, asI said March 23.
Synopsis:
The best we can hope for is once the West accepts Ukraine loss, and the middle East in general, Africa etc. Little oasis of commerce are permitted to continue, ie business goes on.
For example if the Deep State use Trump to patch up relations and allow all our iocs exist in the new paradigm.
It's a very tough call.
Selling on the April 4th at the 1.85 spike was the easiest trade I never did.
Sorry, didn't mean top post that just yet, but both quotes from BB and PUTUP are spot on.
'In view of what has happened, it is completely wrong to assume the USA can now come in and force a Sovereign Nation to alter their way of doing things.
Like it or not, that's the way it is' - Broadford Bay
'If you think Iraq/Kurdistan is a priority for the US government I suspect you are deeply mistaken
Biden isn't aware of anything
In a way US dollars are enriching the corrupt in Iraq whilst enabling them to continue persecution against the Kurdistan area and the IOC companies that operate there. They barefacedly lie and try to produce an façade of deception utilising the countless hand wringing, biscuit munching meetings while clearly doing the opposite. Media manipulation is their specialty, however most are now wise to the employed tricks. Knowing the Arab mentality they don't do this total lack of co-operation on their own, suspect the rot and corruption goes to the highest level in Baghdad.