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2017-09-29 12:15:00

TURKEY NEED IRAQI OIL

TURKEY NEED IRAQI OIL

IRAQ OIL GAS INFRASTRUCTURE MAP

 

OGJThe government of Turkey said it will deal exclusively with the Iraqi government on oil exports after voters in the semiautonomous Kurdistan Region of Iraq supported independence in a controversial referendum.

Assurance from Turkish Prime Minister Binali Yildirim of support for Baghdad followed threats before the vote to close the pipeline that carries crude oil from Iraqi Kurdistan across Turkey to Ceyhan on the Mediterranean.

About 72% of eligible voters participated in the Sept. 25 referendum, which supported negotiations leading to separation from Iraq by nearly 93%.

Yildirim told Iraqi Prime Minister Haidar al-Abadi in a Sept. 28 telephone conversation that Turkey would deal only with Iraq on exports and that Iraq had "support of his country for all decisions," according to press reports.

Shutdown of the pipeline across Turkey would block shipment of as much as 650,000 b/d of crude, sales of which are crucial to Iraqi Kurdistan.

The Kurdish Regional Government, debts of which have grown to an estimated $20 billion during the 3-year slump in crude-oil prices, lists the absence of revenue-sharing promised in the Iraqi constitution among its grievances against Baghdad.

Meanwhile, the Iraqi parliament on Sept. 27 said Abadi should use military force to reclaim the region around giant Kirkuk oil field in northern Iraq.

Kurdish Peshmerga forces have controlled the city of Kirkuk and surrounding areas since 2014, when they defeated Islamic State insurgents after soldiers of the Iraqi military fled.

The Iraqi segment of the northern export pipeline between Kirkuk and the Turkish border is idle. But two other pipelines now connect Kurdish oil fields with the pipeline at Fishkhabur on the border.

Turkey and the central Iraqi government were joined in their opposition to the referendum by Iran. Turkey and Iran have large Kurdish populations and histories of clashes with Kurdish militants.

The US and United Nations also opposed the referendum.

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Earlier:

TURKEY: 

     

 IRAQ:

 QATAR - TURKEY LNG

September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

   

 RUSSIA - KURDISTAN INVESTMENT

September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export

 

 СОТРУДНИЧЕСТВО ИРАНА, РОССИИ И ТУРЦИИ

August, 16, 09:15:00

IRAN, RUSSIA,TURKEY COOPERATION

Iran, Russia and Turkey signed agreement on maintaining trilateral cooperation in developing oil and gas fields.

   

 IRAQI OIL TO U.S.

September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

 

 RUSSIA - TURKEY  RECONCILIATION

June, 26, 23:35:00

RUSSIA - TURKEY RECONCILIATION

Turkstream has been promoted by Mr Putin as a way to deepenaccess to the Turkish market, which was the second biggest for Russian natural gas last year after Germany, and to support his strategic objective to bypass Ukrainian pipelines.

   

 IMF HAS IRAQ

August, 16, 09:10:00

IMF HAS IRAQ

To strengthen financial sector stability, Directors encouraged the authorities to take measures to bolster supervision, and move forward with plans to restructure the statemdash;owned banks that dominate the banking system. They also encouraged strengthening the legal framework of the Central Bank, eliminating a remaining exchange restriction and a multiple currency practice, and accelerating implementation of AML/CFT and antimdash;corruption measures. Directors considered that the peg to the U.S. dollar, which provides a key anchor to the economy, remains appropriate.

 

 TURKEY'S GAS DIVERSIFICATION

April, 3, 18:45:00

TURKEY'S GAS DIVERSIFICATION

Although Turkey has a lack of energy reserves itself, it is a good transit state and can bring benefit to both itself and the EU through the use of alternative pipelines in different regions. Like Russia, Turkey has both problematic and good relations with the European Union, but unlike Russia it wants to be the part of Euro-Atlantic Security Community.

   

 IMF BUYS IRAQ

August, 3, 12:25:00

IMF BUYS IRAQ

The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about US$ 824.8 million), bringing total disbursements to SDR 1494.2 million about US$ 2109.7 million. The SDR 3.831 billion arrangement (about US$5.34 billion at the time of approval of the arrangement) was approved in July, 2016 and the first review was completed on December 5, 2016.

 

 РОСНЕФТЬ: БОЛЬШЕ ДЛЯ ТУРЦИИ

March, 13, 18:40:00

ROSNEFT INCREASES TO TURKEY

Rosneft and Demiroren Group Companies signed an Agreement on petroleum product supplies during 2018-2020.

   

 ROSNEFT - KURDISH TALKS

July, 3, 13:45:00

ROSNEFT - KURDISH TALKS

Russia’s state-controlled oil company is in discussions with Iraqi Kurdistan over helping it develop oilfields in disputed territory at the heart of tensions with Baghdad, in a move that pitches Moscow into one of Iraq’s oldest faultlines.

 

 СТРОИТЕЛЬСТВО ТУРЕЦКОГО ПОТОКА

October, 11, 18:35:00

RUSSIA - TURKEY STREAM

The warming relations between NATO member Turkey and Russia comes as both countries are dealing with troubled economies and strained ties with the West.

   

 KURDISH - IRAQI OIL

March, 3, 18:40:00

KURDISH - IRAQI OIL

Crude oil flows from the Kirkuk fields in northern Iraq were briefly disrupted on Thursday after a Kurdish faction seized a pumping facility in protest at the policies of Baghdad and Erbil, adding a new threat to Iraq’s attempts to comply with Opec’s agreed cuts.

 

 TURKEY WANTS IRANIAN GAS

August, 15, 18:45:00

TURKEY WANTS IRANIAN GAS

Turkey wants to buy more natural gas from Iran and has discussed pricing issues, Foreign Minister Mevlut Cavusoglu said on Friday, adding that Ankara and Tehran should resolve a dispute on gas prices without arbitration.

 

   

 IRAQ PLANS 3.6 MBD

January, 11, 18:35:00

IRAQ PLANS 3.6 MBD

Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month.

 

 

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