Washington ‘s economy depends on the Baghdad agreement with Arbil to resume the export of Kirkuk oil


Washington on the Baghdad agreement with Arbil to resume the export of Kirkuk oil
 Twilight News    
 42 minutes ago

US President George W. Bush’s envoy to the international anti-coalition coalition urged in Iraq and Syria on Friday he was satisfied that Baghdad and Erbil had reached an agreement to resume export of Kirkuk oil to Turkey.

McGrawk said in a statement to the social networking sites “Twitter” today, ” an excellent news from Baghdad on the resumption of oil exports from Kirkuk to Ceyhan and global markets under a new arrangement was negotiated between the Government of Iraq and the Kurdistan Regional Government,” saying that “a remarkable progress “He said.

The Ministry of Oil has announced the arrival of the federal government and the Kurdistan Region to a preliminary agreement provides for the resumption of export of oil from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan.

The ministry spokesman Assem Jihad said in an interview with the twilight news that the agreement provides for the export of oil from the fields of Kirkuk to the Turkish port of Ceyhan through the pipeline passing from the region, at a rate of 50-100 thousand barrels per day.

He added that the export and marketing of this quantity through the Iraqi Oil Marketing Company “Sumo”.

Exports from Kirkuk have been expected since October 2017, when the Iraqi government forces seized control of Kirkuk from the Kurdish authorities, in response to the organization of a referendum on the independence of the Kurdistan Region.

Kurds seized control of Kirkuk and its oil fields after the fighters expelled the organization «Da’ash» Iraqi army from the region in 2014, and then expelled Kurdish forces fighters of the organization later. 
Iraqi oil fields in the disputed Kirkuk area gained new importance after the United States re-imposed sanctions on Iran. Washington is pressing Baghdad to resume exports, which were suspended last year. 
Iraq aims to increase its export capacity to 8.5 million barrels per day in the coming years, from less than 5 million barrels per day now, one million barrels may come from Kirkuk, but the process of appeal complex.
The suspension of exports from Kirkuk delayed the flow of about 300 thousand barrels per day from Iraq towards Turkey and global markets, causing a loss of revenues of about 8 billion dollars since the suspension last year. Most of Iraq’s exports come from southern fields, but Kirkuk is one of the largest and oldest oil fields in the Middle East, with recoverable oil estimated at 9 billion barrels.

The United States is also considering Kirkuk as an option to help offset the global oil shortage caused by its sanctions against Iran, which bans the import of Iranian oil. The United States is pressing Baghdad to suspend all shipments of oil from Iran and resume pumping from Kirkuk to Turkey, according to sources in the sector.

He destroyed the pipeline that Baghdad had previously used for export through Turkey, to maintain only one pipeline at work, which was built and operated by the Kurds. The Iraqi government has to use the pipeline or build a new pipeline, and is considering both options

On paper, Baghdad controls Kirkuk oil flows, but if Iraq decides to use the Kurdish pipeline to export oil, it will need to negotiate.

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