Today, Sunday, economic expert Rashid Al-Saadi revealed that the smuggling of large quantities of oil derivatives from the Kurdistan Region to Türkiye resulted in losses for Iraq totaling one billion and 500 million dollars.
Al-Saadi said in an explanation to , “The Oil Showcasing Organization (SOMO) forced a monetary fine on Turkey as remuneration to be paid to Iraq for the worth of the oil carried from the Kurdistan Locale to Turkey, adding up to one billion and 500 million bucks, yet Turkey is as yet postponing the most common way of paying the monetary sums due on it because of getting taken oil shipments from Iraq.”
“Imposing financial compensation on Türkiye came against the backdrop of the suspension of oil exports from Iraq to Ceyhan,” he added.
“Despite the fact that oil exports to Turkey are officially halted by the State Oil Marketing Company (SOMO),” Al-Saadi continued, “the halt in Iraqi oil exports to Turkey via the port of Ceyhan has revived the smuggling of oil derivatives from the Kurdistan Region to Turkey.”
“The smuggling of oil derivatives from the Kurdistan Region to Türkiye is large and has had a significant impact on Iraq’s oil imports,” he said.
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