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Al-Jawahiri: One billion and 500 million dollars is the value of Iraqi profits after international arbitration against Turkey

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Al-Jawahiri: One billion and 500 million dollars is the value of Iraqi profits after international arbitration against Turkey  

    Today 12:57     2 shares
Information / Baghdad ..


The oil expert, Hamza Al-Jawahiri, affirmed, on Monday, that the

decision of the Arbitration Authority of the International Chamber of Commerce in Paris contributes to supporting Iraq politically and economically, indicating that the decision will give Iraq an increase in its oil imports by about one and a half billion according to the currently circulating prices.

Al-Jawahiri said in a statement to / the information, that

"the international court’s decision regarding the lawsuit submitted by Iraq against the Turkish side forced the latter to abide by it and immediately for fear that if it violated this, it will lose the confidence of the countries that extend their oil and gas pipelines through its territory, as well as its violation For the international agreement related to the extension of oil pipelines.  He added that

"the arbitration decision has positive effects that will return to Iraq, including increasing its production from 3 and a half million by/ m to four million by/ m from the financial side,

it will achieve additional resources for Iraq within one and a half and a half according to the current prices, as well The region will not be able to export one drop of oil except through the Iraqi Marketing Company Sumo

A member of the Parliamentary Oil and Energy Committee, Intisar Hassan, had returned yesterday, Sunday, the International Court’s decision to end the smuggling of Iraqi oil from Kurdistan to Turkey, with the tremendous step of the Ministry of Oil.

"The decision is an achievement calculated to the Ministry of Oil at the present time after the long period that continued in the region to smuggle oil to Turkey and Israel," Hassan said in an interview with the information agency. From the region's government, except with the approval of the central government through the Jihan port.
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