Tag is: History of Iraq

⁇ Cost ⁇ dispute in Iraq-Turkey oil pipeline ⁇

by the Logistics TransportIn the Category: Logistics

Iraqi Prime Minister Mohammad al-Shia al-Sudani said that the operation of the Iraq-Turkey oil pipeline was postponed due to disagreements over the cost.

Speaking to Bloomberg International in Baghdad, Prime Minister Baghdad could not agree on how much he would pay for the production of international oil companies operating in the north of the country. While the federal government's budget allows it to pay $8 per barrel, the Iraqi Kurdish Regional Government pays $26 to companies. The dispute has hit oil production in the region and delayed the pipeline's re-operation.

The suspension of operations in the Iraq-Turkey oil pipeline, where nearly half a million barrels of oil are put on the market per day, causes billions of dollars in lost revenues. However, the opening of the pipeline could lead to a dilemma for Iraq, which has repeatedly said it will compensate for overproduction and does not adhere to the OPEC+ production limit due to urgent financial needs. Failure to comply with the production limit has become a matter of debate with Saudi Arabia, the de facto leader of OPEC+. We are committed to complying with OPEC decisions and maintaining prices to balance the interests of users and producers.

Oil shipments from the Kirkuk-Ceyhan pipeline were halted in March last year after International Arbitration fined Ankara-Erbil for violating Baghdad's rights under the 2014 oil export agreement.

In October, the Turkish government said it was ready to restart the pipeline.
However, financial and legal problems arose regarding the payment of fees to companies for costs:
International firms also demanded past debts of $1 billion for production between September 2022 and March 2023.

With the suspension of exports, companies are producing crude oil on a local basis. Iraqi officials have reported that this production has caused problems in complying with the OPEC quota. According to data compiled by Bloomberg, Iraq produced 4.32 million barrels last month, exceeding the daily production limit of 4 million barrels. It is stated that the country will gradually increase its production limits from December.

Sudani aims to increase production in the long term due to the damage caused by the years-long war in the country. In August, energy giant BP signed an agreement to support production growth in Kirkuk. Iraq is also repairing and developing damaged refineries to help reduce fuel imports.

Because of the wars that have been going on for the last 40 years, we have been late in using the wealth we have in terms of Iraq's natural gas and oil in the right way. Now we are looking at how we can effectively use the wealth we have. ⁇ He spoke in the form.

Sudani said his administration is considering using about 40 percent of Iraq's oil revenues as investments to revive the non-oil sector. Sudani added that a planned trade corridor extending from the city of Basra in the south of Irak ⁇ to Turkey ⁇ and from there to Europe ⁇ is a dream ⁇ for his country.

Minister of Transport Uraloğlu: Development Road Project will contribute to the global trade system

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu stated that the Development Road Project, which will directly contribute to the global trade system, will also make an important contribution to the development and development of all participating countries.

Development Road Project Turkey-Iraq-United Arab Emirates-Qatar 1. The Council of Ministers Meeting was held in Istanbul Dolmabahçe Palace.

Following the meeting, Minister of Transport and Infrastructure Abdulkadir Uraloğlu and Minister of Transport of Iraq Rezzak Muheybes es-Sadavi made a statement.

Minister Uraloğlu, in his speech at the meeting, stated that the first ministerial council meeting was held to shape the future vision of the Development Road Project, which is described as the new Silk Road.

Stating that the main feature of the modern economy is multinational production, international financial flows and international trade volume to reach very large dimensions, Uraloğlu said, ⁇ No one is rich or self-sufficient anymore. If you close your doors, if you close your eyes, if you close your ears, if you look at the developments in the world from a distance, if you do not make friends, you will not find a place in today's world. Everyone has good tastes to add to the cake and the shares they will definitely get from the cake. ⁇ he said.

Uraloğlu stated that the era is now the win-win era and the transportation sector is the most important dynamo of the win-win era, ⁇ At this point, we have come together not only for the future of the transportation and logistics sectors, but also for the economic and social cultural future of our countries. ⁇

Stating that Qatar and the United Arab Emirates, which are the stakeholders of the meeting, participated in the meeting online due to their own programs, Uraloğlu continued his words as follows:

⁇ Because it is very valuable and important for all of you that the transportation facilities are safe, uninterrupted and fast for the establishment of economic cooperation that is indispensable for our countries and the development of our foreign trade activities. In this context, within the scope of our President's visit to Irak ⁇ a on April 22, 2024, Turkey, Iraq, the United Arab Emirates and Qatar signed a Memorandum of Understanding on Joint Cooperation on the Way to Development. In accordance with this memorandum of understanding, we had taken a decision to establish a council of ministers of 4 countries and to follow the Development Road Project. Today, as Turkey, we hosted the first meeting of this council. ⁇

⁇ Our cooperation within the scope of the project will be further strengthened ⁇

Abdulkadir Uraloğlu said that they had the opportunity to evaluate and consult the project together through this council, which will maximize the cooperation of 4 countries regarding the Development Road Project.

Stating that they discussed the contribution of the establishment of uninterrupted and fast transportation through Turkey and Iraq to the transportation corridors, Uraloğlu said that they decided to take steps together to reveal the concrete outcomes of the cooperation in this field in the future.

Uraloğlu stated that they care about the activities of the council in order to act together and implement the plans quickly, and used the following statements:

In addition, since it is our first meeting, we discussed the determination of the management and functioning mechanisms of the council of ministers created within the scope of the Development Road Project and how the future roadmap should be in this regard. Our meetings within the body of this council established within the scope of the Development Road Project will continue in the coming period. I sincerely believe that our cooperation within the scope of the project will be further strengthened. ⁇ ????????

⁇ We will significantly reduce the travel time through Turkey ⁇

Minister of Transport and Infrastructure Uraloğlu underlined that the Development Road Project is an important project not only in terms of the gains to be achieved by 4 countries, but also in terms of the gains to be achieved by the whole geography and the supply chain.

Uraloğlu stated that they will have established uninterrupted transportation to every country of Europe by land and rail from Fav Port, which was built in Iraq with the Development Road Project, to London, and that we will significantly reduce the travel time between Asia and Europe through Turkey. I would like to express in particular that it will provide a 15-day gain between the time between the arrival of a ship departing from Fav Port to Avrupa ⁇ via the Suez Canal and the arrival of the same cargo to Avrupa ⁇ via the Development Road. ⁇

In the continuation of the transformation that started in global supply chains during the Covid-19 pandemic, Uraloğlu explained that there were significant changes in the logistics map of the region we are in after the Russia-Ukraine war that started in 2022, ⁇ Again, with the Israeli-Palestinian conflict that started in October 2023, as a result of the security crisis in the Red Sea Region, commercial ship crossings in the Suez Canal ⁇ came into trouble. This route was not preferred by global shipping companies, and instead, the Cape of Good Hope began to travel and use a much more distant road.

⁇ The project will also be a complement to existing transport corridors ⁇

Therefore, if we had finished the Development Road Corridor today, we would have significantly reduced such costs. In addition, the Development Road will not only offer a cost-effective and short-term transport corridor, but will also be a complement to existing transport corridors. It will also connect the corridors in the east-west direction to the north-south direction. Thus, the Development Road Project, which will directly contribute to the global trade system, will also make an important contribution to the development and development of all participating countries. When all these aspects are considered, it is obvious that the Council of Ministers we have formed has undertaken an extremely important mission.

⁇ The project will contribute to all participating countries, the region and the world economy ⁇

Iraqi Transport Minister Rezzak Muheybes al-Sadavi stated that they have made significant progress in the Development Road Project and expressed their desire to further develop the Joint Cooperation Memorandum of Understanding on the Development Road as Turkey, Iraq, the United Arab Emirates and Qatar.

Noting that they have taken a big step with the Joint Cooperation Memorandum on the Development Road, Sadavi said, ⁇ Today's meeting was already a meeting of the Council of Ministers. In terms of standards, it was a very good meeting, a very good meeting. We touched on many issues of governance, we touched on the management of the project, we touched on its stages. In order for this project to be implemented, we are working to remove the obstacles in front of it. ⁇ he said.

Stating that agreements have been reached at the local level and all necessary approvals have been obtained regarding this route in Irak ⁇ ta, Sadavi said that ⁇ It should be well known that the Development Road Project ⁇ will make a great contribution to all participating countries, the region and the world economy. ⁇

Source of: AA / Economy

The first meeting was held in the Development Road project

by the Logistics TransportIn the Category: Logistics

The first meeting of the Development Road project, which is aimed to connect the Persian Gulf and Europe in cooperation with Turkey, Iraq, the United Arab Emirates (UAE) and Qatar, was held in Istanbul. The 1st Ministerial Council Meeting of the project was held at the Dolmabahçe Office of the Presidency. Minister of Transport and Infrastructure Abdulkadir Uraloğlu and his Iraqi counterpart Rezzak Muheybes as-Sadavi were present at the meeting, which was attended by the UAE and Qatari transport ministers via live link.

After the meeting, Minister of Transport Uraloğlu made a statement and pointed to the Joint Cooperation Memorandum of Understanding on the Way to Development signed within the scope of President Recep Tayyip Erdoğan's visit to Irak ⁇ a on April 22, and we decided to establish the Council of Ministers within the framework of the Development Road Project between the four countries with this Memorandum of Understanding. Today, as Turkey, we hosted the first meeting of this council ⁇ he said.

Uninterrupted transportation to every country of Europe

Uraloğlu stated that the project will save 15 days for a load that will reach Avrupa ⁇ and that with ⁇ Development Road Project, we will establish uninterrupted transportation to every country of Avrupa ⁇ by road and rail from Fav Port ⁇ built in Irak ⁇ to London ⁇ . We will significantly reduce the travel time between Asia and Europe through Turkey. I would especially like to express that it will provide a 15-day gain between the time between the arrival of a ship departing from Fav Port to Avrupa ⁇ via the Suez Canal and the arrival of the same cargo to Avrupa ⁇ via the Development Road.


(right to left) Minister of Transport and Infrastructure Abdulkadir Uraloğlu and his Iraqi counterpart Rezzak Muheybes as-Sadavi. DHA

Uraloğlu pointed out that crises such as the Covid-19 pandemic, the Russia-Ukraine war, the Gaza war caused significant changes in the logistics map of the region, ⁇ Development Road will not only offer a cost-effective and short-term transportation corridor, but will also be a complement to existing transportation corridors. It will also connect the corridors in the east-west direction to the north-south direction.

Ending in Designs

Iraqi Transport Minister Sadavi, on the other hand, ⁇ When we look at the content of the agreement in question, a 4-party board is formed that will meet every 2 months. At the Council of Ministers Meeting we held today, we touched upon the management and overcoming of the project. We talked about removing the obstacles to the realization of the project. All necessary approvals have been obtained for this route. It comes to an end in design. The project will make great contributions to the countries of the world and will save time and cost ⁇ .

The Development Road, which will make Irak ⁇ ı an important transportation hub between Asia and Europe, is expected to cost $20 billion. Fav Port, located in the Persian Gulf in southern Iraq, is expected to be connected to Turkey via a network of railways and highways.

The project is planned to pass through Basra, Nasıriye, Semave, Divaniye, Najaf, Karbala, Babylon, Baghdad, Samarra, Beyci, Saladin, Mosul, Rabia, Duhok and Fishabur ⁇ and extend to Europe by sea via Turkey via Ceyhan Port or by land via Istanbul.

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4 ⁇ Ministerial Summit to be Held for the Development Road Project

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced that the 4th Ministerial Summit within the framework of the memorandum signed with Turkey, Iraq, Qatar and the United Arab Emirates (UAE) regarding the Development Road Project will be held on August 29 at Dolmabahçe Palace.

Minister of Transport and Infrastructure Abdulkadir Uraloğlu reminded that a Memorandum of Understanding on Cooperation was signed between Turkey, Iraq, Qatar and the United Arab Emirates within the scope of the Development Road Project during the visit of President Recep Tayyip Erdoğan to Irak ⁇ a on 22 April 2024 with a written statement. Uraloğlu, ⁇ Qatar Minister of Transport Jassim Saif Ahmed Al Sulaiti, UAE Minister of Energy and Infrastructure Mohamed Al Mazrouei and Iraqi Minister of Transport Razzaq Muhaibis Al-Saadawi signed a Memorandum of Understanding on Joint Cooperation on the Development Path here, and we have established a 4 ⁇ Council of Ministers mechanism between our Turkey, Iraq, Qatar and UAE counterparts. After this memorandum of understanding, we are moving to a very important stage and we will hold the first 4 ⁇ Ministerial Summit for the Development Road ⁇ on August 29 at 14.00 ⁇ in Istanbul Dolmabahçe Palace ⁇ , he said.

⁇ TO CREATE AN EFFECTIVE TRADE CORRIDOR ⁇

Minister Uraloğlu noted that they will discuss all the details of the Development Road Project and take important decisions at the summit, as stated in the Memorandum of Understanding. Stating that the project will make very important contributions to Turkey's economic growth and regional development, Uraloğlu said that ⁇ Development Road will also support the sustainability of global trade by diversifying international trade corridors. Turkey will consolidate its economic and strategic advantages by creating a reliable and effective trade corridor between Asia and Europe.

⁇ WE WILL BE ABLE TO OFFER BRAND NEW OPTIONS TO TRANSPORTERS ⁇

Emphasizing that the loads to come through the Development Road can move in all directions through Turkey's transportation network and ports, Minister Uraloğlu said that thanks to ⁇ Koridor, we will be more strongly integrated into the logistics system in the world. We will also be able to offer carriers brand new options for freight transportation. We believe that the Development Road can also connect existing transport corridors and increase their current efficiency.

⁇ WANT TO RUN THE PROCESSES FAST ⁇

Uraloğlu noted that the works in Turkey are continuing rapidly within the scope of the Development Road, which starts from the FAV Port of Irak ⁇ ın and enters from Ovaköy ⁇ to Türkiye ⁇ , and the section of ⁇ Development Road ⁇ that passes through our country is approximately 1,592 kilometers between Kapıkule and Şanlıurfa. We plan to complete the road crossing of the project in Turkey by constructing a new highway with a length of 331 kilometers between Şanlıurfa-Ovaköy, which will serve between Şanlıurfa-Iraq border. We are building a new high speed train line between Halkalı and Kapıkule with a total length of 229 kilometers, with dual lines, electric and signal, which can transport both cargo and passengers. We aim to complete the 153-kilometer Çerkezköy-Kapıkule section of this line by the end of 2025. With the completion of the Halkalı-Kapıkule project; We aim to reduce the passenger travel time between Halkalı and Kapıkule from 4 hours to 1.5 hours and increase the existing line capacity by 4 times. We have also completed the projecting process of the railway that will pass through the Yavuz Sultan Selim Bridge. We want to carry out the relevant processes quickly ⁇ assessment was made.