Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Iraqi Kurds slam Baghdad legal action over oil shipment  Join our daily free Newsletter

MENAFN - AFP - 25/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Iraq's Kurdistan region on Sunday slammed legal action filed by the central government against Turkey, saying it was illegitimate and likely to fail, in the latest sign of worsening ties with Baghdad.

The Kurdish Ministry of Natural Resources statement came just days after Baghdad's Oil Ministry filed a request for arbitration against Ankara at the Paris-based International Chamber of Commerce after crude from Kurdistan was exported to international markets via a Turkish port.

Relations between Iraq and its Kurdish region, and between Baghdad and Ankara, were already fragile and are likely to chill further over the row, with the latest shipments flying in the face of the Iraqi government's insistence that it has the sole right to sell its prized natural resources.

"The MOO (Ministry of Oil) is, with its behaviour, isolating itself... (and) potentially damaging Iraq's petroleum industry and Iraq's petroleum reserves," the statement said.

"The MOO is also... now prepared to damage Iraq's relations with Turkey and other friends of Iraq."

The statement said the arbitration request is "self-defeating" and "illegitimate", and that it would "not allow hollow threats from the MOO to interfere with the KRG's (Kurdistan Regional Government's) oil export regime."

It also acknowledged that Kurdish authorities had been "exporting oil by trucking through Turkey and Iran for many years," insisting it was done with the knowledge of the federal government.

Baghdad has branded the trucking of oil as "smuggling".

The dispute between Baghdad and Kurdish authorities centres around interpretations of Iraq's constitution, with both sides insisting they are behaving legally.

The central government insists it has the sole right to export Iraqi crude, and also says contracts between Kurdish authorities and foreign energy firms without its expressed consent are illegal.

But the row took on a new dimension after Turkey confirmed shipments of oil pumped from the autonomous northern Iraqi region and stored at Ceyhan port began on Thursday.

Iraq responded by filing the arbitration request on Friday, asking the ICC to order Turkey and its state-owned pipeline company to "cease all unauthorised transport, storage and loading of crude oil," and added it was seeking financial damages of more than 250 million (180 million euros).

Oil expert Ruba Husari said Baghdad's move "might not stop the exports immediately but it will increase the perception of risk of doing business with KRG."

"This will hurt many businesses and the business environment in the Kurdistan region," said Husari, the Dubai-based editor of www.iraqoilforum.com.

Washington has warned that the oil export move could destabilise Iraq.

The tensions come as Prime Minister Nuri al-Maliki looks to secure a third term in power after April 30 elections in which his bloc emerged with by far the most seats in parliament, though well short of a majority.

Maliki is likely to need some Kurdish support if he is to secure the seats necessary to win re-election, but the latest row threatens to further complicate any potential talks for government formation.


 


AFP




  MENA News Headlines
 May 4 2015 - Qatar- Ezdan to open Al Wukair Shopping Centre in OctoberThe Peninsula
(MENAFN - The Peninsula) Ezdan Holding will open its Al Wukair Shopping Centre in October this year, senior officials of the group announced yesterday. Spread over an area of 30,000 square meter, the ...

 May 4 2015 - Insurer begins SMS service for Seha in QatarGulf Times
(MENAFN - Gulf Times) The National Health Insurance Company (NHIC) has launched short messaging service (SMS) for Seha members.An SMS will be sent to member visiting any of the Seha service providers ...

 May 4 2015 - Science Majlis from Wednesday in QatarGulf Times
(MENAFN - Gulf Times) Qatar Environment and Energy Research Institute (QEERI), a research and development entity under Qatar Foundation for Education, Science and Community Development (QF), will ...

 May 4 2015 - Sri Lankan motorist gets jail for reckless drivingGulf Times
(MENAFN - Gulf Times) A Criminal Court in Doha has awarded a six-month jail sentence to a Sri Lankan expatriate motorist for his reckless driving, which caused the death of a GCC citizen and injury ...

 May 4 2015 - New measures 'soon' to improve conditions of expatriate workersGulf Times
(MENAFN - Gulf Times) Qatar has played a key role in raising the standard of living of people in labour-exporting countries by providing employment to a large number of foreign workers, HE the ...

 May 3 2015 - Tunisia says Jews safe after Netanyahu raises specterArab News
(MENAFN - Arab News) TUNIS: Tunisia said Sunday security measures have already been taken to protect Jewish pilgrims at a religious festival next week on the island of Djerba after Israel warned of ...

 May 3 2015 - US air attacks hit 19 Islamic State targetsArab News
(MENAFN - Arab News) WASHINGTON: The United States and its allies staged 19 strikes on Islamic State targets in Iraq and Syria in a 24-hour period ending Saturday the Combined Joint Task Force said ...

 May 3 2015 - Syrian air raid near school kills 4 childrenArab News
(MENAFN - Arab News) BEIRUT: Syrian activists say a government airstrike near a school in the northern city of Aleppo has killed at least seven people including children. The Aleppo Media Center ...

 May 3 2015 - Ethiopian Israelis denounce police brutality discriminationArab News
(MENAFN - Arab News) TEL AVIV: Thousands of Ethiopian Israelis protested in central Tel Aviv on Sunday against police brutality and institutionalized discrimination an AFP correspondent said. The ...

 May 3 2015 - Carter laments 'intolerable' Gaza situationArab News
(MENAFN - Arab News) JERUSALEM: Former US President Jimmy Carter has said that eight months after a bloody war in the Gaza Strip the situation there remains 'intolerable.' Carter and his delegation ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help