RE: 8th member joins APIKUR15 Dec 2023 22:26
Bit of a re-hash, but Sudani is blaming the oil bill of course.
Rudaw Digital
Since the suspension in March this year, negotiations to re-export oil from the Kurdistan Region through the Turkish World Port continue. The latest response from the relevant parties in Turkey, Iraq and the Kurdistan Region is that they are ready, but there are technical problems.
"Everyone is ready, really," Iraqi Prime Minister Mohammed Shia Sudani told Rudaw. The problem is that the House of Representatives has introduced an article that says the cost of producing a barrel of oil will be based on the national average. This is set in the House of Representatives, the Finance Committee, not the government. "After Turkey announced that it was ready to resume oil exports, we came and talked to the oil companies. because the average cost was set at eight dollars."
Oil production companies gathered within the framework of the Kurdistan Oil Industry Association – Epicur. Miles Cagins, spokesman for the association, told Rudaw that they would not resume production until the cost of oil extraction was equal to that paid to Iraqi companies.
“In light of the bill in the House of Representatives, we have to pay $8 per barrel to produce, while the cost of producing a barrel of oil in their contracts with the Kurdistan Regional Government is $21. Neither the KRG nor we can break the law. This is one of the problems with the budget bill voted by the House of Representatives. Companies are now waiting for this article to be amended."
Bestun Osman asked Sudan about the cost, you as the Council of Ministers will agree to the amendment and send it to parliament?
Sudani replied, "Certainly, because we are now losing about 470,000 barrels per day, this is the amount that should have been exported from the Kurdistan Region and also from outside the region. So some time ago, if you remember, we sent the oil minister and the deputy prime minister to the Kurdistan Region and they had a meeting with the minister of natural resources and a group of oil companies That we have to discuss with the parliamentary finance committee."
According to the Iraqi prime minister, the Kurdistan Region's oil exports before the suspension due to the decision of the Paris arbitration court was 380,000 to 400,000 barrels.
The Iraqi prime minister said that they are now supplying 80,000 to 90,000 barrels of oil to the Kurdistan Region
looking good for face saving and resumption Imo.
https://www.rudaw.net/sorani/business/151220233
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