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'Hollow victory' for Iraq in Oil Arbitration Case

By on 30th March 2023 in Iraq Oil & Gas News

By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

'Hollow victory': Iraq is not really a winner in the Turkey oil arbitration case

Ankara is likely to pay only a few hundred million dollars to Iraq, which could be indemnified by the Kurdistan Regional Government (KRG) under a secret deal.

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One Response to 'Hollow victory' for Iraq in Oil Arbitration Case

  1. KHALID ISMAIL Company Director 31st March 2023 at 11:18 #

    The Oil pumped from Iraq is stored at Shore tanks in Ceyhan Turkiah, these tanks are inspected for Quantity & quality and water content, a sample of the oil content is sent to the Lab to test for specification and quality, Oil surveyor from SGS will issue a report to the carrier the nominated ship to carry the oil to the Buyers refinery as FOB / CIF soft offer,
    Stoppage of pumping into Ceyhan shore tanks must have a reason it could be due to the Earth Quake that happened in the region of Adana on the South border of Turkiah.
    Arbitration of the Agreement signed by Turkiah and Iraq will take effect immediately.
    Thank you & kind regards