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Erbil and Baghdad Close to Oil Agreement
17.09.2014
Hemin Salih
BasNews, Erbil
The Kurdistan Region and the federal Iraqi government in Baghdad have been engaging in talks regarding oil and are approaching an agreement.
Former Iraqi prime minister Nuri al-Maliki had previously cut off Kurdistan’s budget to show Baghdad’s opposition to the exportation of Kurdish oil. Kurdistan has nonetheless participated in Iraqi’s new cabinet and agreed upon a period of time for the two sides to solve conflicts between them.
According BasNews sources, the agreement is as follows: half Kurdistan’s oil will be exported through the State Organization for Marketing Oil (SOMO) company and the revenues will directly go to Iraq’s central government, however, the other half will be exported throughout Ceyhan Port in Turkey, the revenue from which to come directly to the Kurdistan Region from Turkish HalkBank.
As a result, one portion of Kurdistan’s budget will come from Baghdad, and an Iraqi team will be monitoring the dealings and the profits that Kurdistan makes from the oil sale, which will be sent to the central government.
Iraqi president Fuad Masum revealed to Al-Hayat Newspaper that Kurdistan and Baghdad have settled their conflicts, and are coming on agreement regarding oil issues.
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17.09.2014
Hemin Salih
BasNews, Erbil
The Kurdistan Region and the federal Iraqi government in Baghdad have been engaging in talks regarding oil and are approaching an agreement.
Former Iraqi prime minister Nuri al-Maliki had previously cut off Kurdistan’s budget to show Baghdad’s opposition to the exportation of Kurdish oil. Kurdistan has nonetheless participated in Iraqi’s new cabinet and agreed upon a period of time for the two sides to solve conflicts between them.
According BasNews sources, the agreement is as follows: half Kurdistan’s oil will be exported through the State Organization for Marketing Oil (SOMO) company and the revenues will directly go to Iraq’s central government, however, the other half will be exported throughout Ceyhan Port in Turkey, the revenue from which to come directly to the Kurdistan Region from Turkish HalkBank.
As a result, one portion of Kurdistan’s budget will come from Baghdad, and an Iraqi team will be monitoring the dealings and the profits that Kurdistan makes from the oil sale, which will be sent to the central government.
Iraqi president Fuad Masum revealed to Al-Hayat Newspaper that Kurdistan and Baghdad have settled their conflicts, and are coming on agreement regarding oil issues.
[You must be registered and logged in to see this link.]
