Kri-Turkey Gas Sales Agreement

Ankara has criticised the 2017 referendum and threatened to block oil exports. The decision was taken by the Turkish security policy vis-à-vis its own Kurdish and neighbouring groups. But it also marked a further decline in Turkey`s energy-intensive alliances, which culminated in 2013 with three broad energy protocols, including a 50-year gas sales contract (GSA) with the Turkish energy company (TEC), a new state-subsidized company. Iraq has signed several investment and other bilateral agreements with India, Iran, Iran, Japan, Jordan, Kuwait, Mauritania, South Korea, Sri Lanka, Syria, Tunisia, Turkey, the United Kingdom, Vietnam and Yemen, some of which have not yet entered into force, as they have not yet to be ratified by the Council of Iraqi Representatives. In addition, Iraq has bilateral free trade agreements with the United Arab Emirates, Oman, Qatar, Algeria, Egypt, Jordan, Lebanon, Syria, Tunisia, Yemen and Sudan. In 2010, Iraq concluded bilateral investment agreements with France, Germany and Italy. Bilateral investment agreements with France and Germany were ratified by the Council of Iraqi Representatives in 2012. As far as we know, the treaty with Italy has not yet been ratified. On May 25, 2018, Rosneft and KRG took an important step towards achieving this goal by signing an agreement to carry out a detailed analysis of possible options for gas cooperation that Rosneft says will „develop a comprehensive plan for the development of gas activities in the Kurdish region of Iraq.“ [10] Rosneft added: „With the formal confirmation of the production sharing contract and the terms of the Gas Leverage Agreement (GLA), Genel will now be able to move the project forward. The company continues to engage in the development of these large low-cost onshore gas fields, which will be the cornerstone of gas exports to Turkey under the 2013 KRG-Turkey gas sales agreement. [7] However, in practice, progress has been limited and, in January 2018, Genel has extended the 12-month period, allowing it to meet the GLA requirements until 9 February 2019. Following the above, the KRI legislator passed its own Kurdistan Oil and Gas Act in 2007 – No. 22/2007 (KOGL).

The KOGL applies to all kri oil activities. In the KRI, no federal law and agreement, contract, memorandum of understanding or other federal instrument referring to oil exploitation apply, except with the express agreement of the competent authority of the KRG. As a result, Iraqi federal legislation and regulations regarding oil development in the KRI are not enforced. On the basis of the above and the continuation of the autonomous sale of hydrocarbons by the KRG, despite the objections of the central government, THE PARLEMENT adopted law No.