Kurdistan oil agreement .. What are the gains of Iraq and the expectation of the world market?

After a two -year hiatus, the Iraqi Kurdistan oil returned last Saturday to flow through the Turkish Jihan pipeline, in a move described as historical rearranged interests between Baghdad, Erbil and Ankara. The new agreement gives the federal government to control the export of the region, while Erbil has been given a financial exhaust valve at a time when the global market monitors the potential impact of crude prices amid the fear of the surplus of the offer. In the following rules, we review the beginning of the crisis and its development so far and its potential consequences on the market. Why stop exporting Kurdistan oil from the ground? The crisis of exporting the oil exports of the region through the Iraqi-Turkish pipeline is due to 2023, when Turkey stopped pumping oil after a decision issued by a jury compelled to pay $ 1.5 billion to Iraq in compensation for uncontrolled oil exports of the Paris International Chamber, IRAQ submitted on the Paris International Cham. Türkiye’s role in facilitating exports from the region without the approval of the federal government in Baghdad. According to Iraqi Foreign Minister Fouad Hussein, this standstill in the country, which exceeded $ 22 billion in revenue. You may also be interested in: “Iraq-türkiye” oil oil stops officially .. What does this decision mean? The original agreement was signed between Iraq and Turkey on August 27, 1973, and the Kirkuk-Jihan line entered into the actual operation in 1977, and its purpose was to enable Iraq to export its oil to world markets across the Mediterranean, away from the street of Hormuz. Initially, the Central Iraxian government owned and fully occupied the line, but after the fall of Saddam Hussein’s regime in 2003, the Kurdistan region began to develop its own oil infrastructure, and some fields linked to Jihan’s line by new tubes established by the region, which enables it to carry oil. This tendency caused legal and political differences between the central government and the region of the region, and led to legal tension with Baghdad, which rejected this tendency as a violation of national sovereignty. What is the importance of this agreement? Iraq describes the agreement as historical and under which the Federal Ministry of Oil is handed over, crude oil produced from the fields in the Kurdistan region, and exports by the Iraqi -turky pipeline, according to Premier Muhammad Shi’a Al -Sudani, which is added in a post, and the guarantee of the fair distribution, which is our waited. ‘The agreement includes the development of clear technical and organizational mechanisms that guarantee the flow of export and the dedication of transparency in oil revenue, in a way that contributes to raising federal budget income, “according to the statement of the Iraqi Ministry of Oil, and the discussions that led to this agreement” of a joint vision, aiming at the strengthening of Iraq as a great player Energy Market. “Also read: An agreement between Iraq and global oil companies that increases the hope of resuming the execution of the Kurdistan region has also received the agreement from the US Administration, and US Secretary of State Marco Rubio said in a statement: ‘ Recycling a deal to regain the United States to regain the United States, to rework the United States to rework the United States to rework the United States to re -work the United States to rework the United States to rework the United States to rework the United States to rework the United States to rework the United States reworked to rework the United States to rework the United to rework the United to Dukino to facilitate the Konindo and will bring about concrete benefits for each of the Americans and the Irakezen. oil by the company “Sumo”, and thus controls all oil imports, “according to oil minister Hayyan Abdul Ghani, according to the Iraqi news agency,” conscious “, which indicates that the pumps will be a pump. For its part, “Sumo” confirmed that Iraq could export more oils to the return of the Jihan tube, while indicating that it has excessive amounts of oil to be compensated, according to “conscious”. The spending in the basic services. In July, Iraq agreed with the region to provide the company “Sumo” with the entire production of the region, which is about 230 thousand barrels per day, compared to an advance of $ 16 a barrel (in Natura or cash) according to the Budget Amendment Act, that the amount is not less than 230 thousand vessels per day, with the addition of any production by the committee of the committee of the committee. ” Salouri Barzani that the oil export agreement is a ‘great achievement’ for the Iraqi population, which its hope expresses that “this agreement will improve the economic infrastructure to serve all citizens.” The operator of the “branchuki” license and asks for “agreements that guarantee the payment of previous overdue and future exports.” (HKN Energy), Shamran Petroleum, and Hunt Oil. RAW, made by the administration of US President Donald Trump as a priority at a time when he promised to reduce rough exports of Iran to zero, according to Reuters. How does the agreement affect the global oil market? With a standard surplus during the next year, with the continued “OPEC+” coalition in raising production. The Kurdistan line is indifferent this week, as the oil traders expect the pipeline to transfer the supplies used locally in the beginning, instead of starting a large stream of new oil. Read more: For this reason, the markets ignore the return of the export of Kurdistan Kurdistan, are there challenges for resuming the Kurdish oil exports? (DNO) is the largest international oil producer in the Kurdistan region of Iraq on the agreement because he wanted more clarity on how to pay the debt due, according to Reuters. The possibility of disputes based on legal rights and policies between Baghdad, the Kurdistan region or Türkiye, and thus re -postponing or resigning to export oil.