RE: Iraq-Turkey Pipeline Reopening Pressures Oil Prices, Signals Potential Market Shift3 Mar 2025 10:32
These companies are demanding the settlement of their outstanding debts, which amount to $1 billion, along with guarantees for future payments. However, Baghdad has refused to cover these debts, preventing a breakthrough in negotiations.Despite pressure from the United States to resume oil exports as soon as possible, Baghdad has not committed to meeting the financial demands of the oil companies. As a result, no definitive agreement has been reached.On February 28, 2025,
That wasn't obvious was it. I have been saying for months and even the last 2 years. Iraq will not pay the arrears. Where do they go from here ? So we have a stalemate now. Roll on September because that's exactly what's going to happen. IOCs won't be selling their oil to iraq. That's been the writing on the wall from day one. Deep down kurdistan want independence.