BAGHDAD: Iraq’s autonomous Kurdistan said it will receive 147,000 barrels of oil products per day, as part of a deal concluded with Baghdad to end a dispute over oil payments.
The deal, which was first outlined last week, will solve only few points of a broader feud between Baghdad and Kurdistan over oil exports, energy policy and territory which have become increasingly contentious topics.
“This deal cannot solve all the problems currently but it is considered a good step,” Kurdish Prime Minister Nechirvan Barzani said in a statement posted on the Kurdistan Regional Government (KRG) website.
Under the terms, the federal government in Baghdad will send 17 percent of its oil products to Kurdistan, which works out at 147,000 barrels per day, the statement said.
Baghdad and Kurdistan have been feuding over major oil companies like Exxon and Chevron who have signed exploration deals with the Kurdistan Regional Government, contracts the central government says are illegal.
Kurdistan, autonomous with its own government and armed forces since 1991, gets central government funding and uses national pipelines to ship its oil. Baghdad says only the central government has the right to ship oil and gas.
Barzani said Kurdistan had formed a committee to calculate oil contract revenues and expenses in Kurdistan. He said a report on this would be published at a later date.
Kurdistan has said it will keep its oil production for export at 140,000 barrels per day this month before raising it to 200,000 bpd for the rest of the year. It also said Baghdad would pay 1 trillion Iraqi dinars or around $857 million for foreign companies working in the Kurdish region.
Kurdistan halted shipments of its oil in April in protest over what it said were payments due from Baghdad to companies. It restarted shipments later, but had said it would halt them again by Sept. 15 if there was no agreement on payment.
Kurdistan seals oil products deal with Baghdad
Kurdistan seals oil products deal with Baghdad
Mawani, Qatar Ports ink cooperation deal to boost regional maritime trade
RIYADH: The Saudi Ports Authority, or Mawani, and Qatar Ports Management Co. signed a memorandum of understanding aimed at boosting maritime and logistics cooperation, contributing to the development of the ports sector, raising operational efficiency, and supporting regional and international trade flows.
The MoU was signed by Mawani President Suliman Al-Mazroua and Qatar Ports Management Co. CEO Abdullah Mohammed Al-Khanji, in the presence of Qatari Ambassador to Saudi Arabia Bandar bin Mohammed Al-Attiyah.
The step reflects both sides’ commitment to building effective partnerships, exchanging expertise, establishing an organized framework for cooperation management, and developing joint investment opportunities in line with Saudi Vision 2030 and Qatar National Vision 2030.
The MoU outlines eight key areas of cooperation, including the exchange of best practices in port management and operations, and studying opportunities for direct maritime and land connectivity between the two countries’ ports to enhance trade efficiency.
It also includes collaboration in logistics services, exploring the establishment of joint maritime corridors serving bilateral and regional trade, and assessing the feasibility of creating shared regional distribution centers.
Both parties agreed to enhance cooperation in digital transformation and artificial intelligence, focusing on smart systems, data governance, and a unified maritime window to improve operational efficiency and remain at the forefront of technological progress in the maritime sector.
The MoU emphasizes maritime safety and environmental protection, including the exchange of expertise on marine pollution control and emergency response, the development of joint maritime emergency plans, and the establishment of a bilateral emergency communication line.
It also promotes collaboration to ensure compliance with international conventions, conduct joint exercises, and implement risk-monitoring systems.
Cooperation further extends to human capital development through joint training programs and on-the-ground expertise exchanges, as well as academic and research partnerships in maritime transport and logistics.
Regarding joint investment, both parties will explore local and international opportunities in ports and related services, coordinating with the private sector to support these initiatives.
The MoU also includes cooperation in cruise tourism through enhanced maritime connectivity and joint promotion of Gulf cruise routes, as well as coordination of positions in international maritime organizations and support for joint initiatives, notably “Green Ports” and “Safe Sea Corridors.”
This memorandum reflects the commitment of Mawani and Qatar Ports Management Co. to advancing the ports sector and boosting its role as a key driver of trade and economic growth, contributing to Gulf integration, and enhancing regional competitiveness in maritime services.
