Wednesday, September 6, 2023
Coffee with MarkZ and Andy Schectman 09/06/2023
Erdogan Will Visit Iraq Next Month...And Reveal The Latest Negotiations To Export The Region's Oil, 6 SEPT
Erdogan Will Visit Iraq Next Month...And Reveal The Latest Negotiations To Export The Region's Oil
Time: 09/06/2023 Read: 1,950 times Source: {Politics: Al Furat News} Sources said that it is not expected to resume pumping Iraqi oil to Turkey before next October, during which Turkish President Recep Tayyip Erdogan is likely to visit Baghdad, after postponing the visit that was initially planned to take place last August. .
Turkey suspended export flows from northern Iraq on March 25 after an ICC ruling in an arbitration case required Ankara to pay Baghdad $1.5 billion in compensation for allowing KRG oil exports without permission between 2014 and 2018.
Iraq filed a petition in April with a US federal court to enforce the decision by the International Chamber of Commerce. The sources said that the lack of progress in settling this lawsuit was one of the reasons behind the postponement of Erdogan's visit to Baghdad in August.
A senior Turkish official said Erdogan still plans to visit Baghdad and "wants to sign an agreement," but "so far Iraq has not taken the concrete steps expected of it," which has led to a lack of progress.
The source added that one of the steps that Ankara is seeking is to stop the lawsuit in the United States, and that is why Erdogan is scheduled to visit Iraq in October.
An official at the Iraqi Foreign Ministry said that Baghdad had not yet received a specific timetable from Ankara regarding the expected date of Erdogan's visit to Iraq.
He added that Erdogan may visit Iraq at the end of this month or most likely in October, indicating that this will depend on the success of the talks related to energy issues, which require longer than expected due to the multiplicity of thorny issues.
An Iraqi oil official familiar with the talks said energy officials in Baghdad and Ankara were "holding complex discussions" and that resuming flows was "the hardest issue". He ruled out the resumption of flows this month.
Two Iraqi oil officials familiar with the talks said Turkey was also seeking a compromise to reduce compensation to Iraq for damages under the ICC arbitration award.
Iraqi sources said earlier that Turkey wants Iraq to drop a second arbitration case related to exports covering the period from 2018 onwards.
The Turkish Energy Ministry has not yet responded to a request for comment.
Two informed sources said that the Iraqi Kurdistan government has lost about four billion dollars since the stoppage of oil flows to the Turkish port of Ceyhan through a pipeline. LINK
Iraq's SMC denies reports of unstable situation in Kirkuk, 6 SEPT
Iraq's SMC denies reports of unstable situation in Kirkuk
In a statement, the Agency read, "Some social media platforms have circulated news about the instability of the security situation in Kirkuk Governorate." However, it emphatically asserted, "The security situation throughout Kirkuk Governorate is stable, and no events disrupt the life in the region."
Furthermore, the statement pointed out that those "disseminating such erroneous information were attempting to create confusion." It highlighted the "enduring peaceful coexistence among the residents of Kirkuk," emphasizing the complete cooperation between the citizens and the security forces in this esteemed governorate. "Kirkuk is recognized as a symbol of unity within Iraq."
The Security Media Cell's statement also underscored the importance of safeguarding the security and service achievements in Kirkuk and all other governorates across the country.
Kirkuk, situated in northern Iraq, lies within the disputed territories and boasts a diverse population comprising Kurds, Arabs, Turkmen, and Christians. The city's security situation has been marked by complexity and volatility, with tensions often escalating between ethnic and political factions.
Kirkuk's status remains disputed, as the Kurds assert its inclusion within their autonomous region while the Iraqi government maintains its integral part in Iraq. The United Nations has proposed a referendum to determine Kirkuk's status, though a consensus on the terms of such a referendum has yet to be reached.
https://shafaq.com/en/Iraq-News/Iraq-s-SMC-denies-reports-of-unstable-situation-in-Kirkuk
Iraq's infrastructure development might threaten Iran's share in the Iraqi market, report says, 6 SEPT
Iraq's infrastructure development might threaten Iran's share in the Iraqi market, report says, 6 SEPT
Shafaq News/ Iraq acquired 20% of Iran's exports in the past year, an Iranian officer said Wednesday, warning that his country might be edged out of the Iraqi market by the ongoing efforts to develop its infrastructure.
Speaking to Iran's Dunya Eqtisad, Yahya Al-Eshaq, head of the joint Iran-Iraq Chamber of Commerce, said, "Iran's exports to Iraq last year amounted to $10 billion, roughly equivalent to about 20% of Iran's global exports. In the first five months of 2023 alone, Iran's exports stood at approximately $3.5 billion, marking an 18.5% growth compared to the same period in the previous year."
The economic-centric Iranian agency's report emphasized the strategic importance of Iraq in Iran's trade map, contrasting it with China, to which Iran primarily exports raw materials. "Most of Iran's exports to Iraq consist of finished goods," the agency pointed out.
"Structural changes in the Iraqi economy and the nation's focus on infrastructural development have led experts to warn about the potential risk of Iran being marginalized in the Iraqi market, thereby undermining the competitiveness of Iranian goods."
Based on recent investigations, the report indicated that "out of a total of 351 principal products exported by Iran to Iraq, if competitors enter this market, only 35 Iranian products would maintain a competitive edge."
Earlier, the Tehran Chamber of Commerce announced that its exports to Iraq exceeded $10 billion last year, predicting that Iraq will remain a significant market for Iran over the next 15 years.
"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 6 SEPT
STATUS OF THE RV
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...