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Kurdish MP in Baghdad: Erbil – Baghdad Oil Issue Resolved
Exported Kurdish oil will be measured annually, not daily
Basnews | Biryar Koyi views
01.02.2015 16:27
A Kurdish Member of the Baghdad Parliament says that recent issues with the agreement between the Kurdistan Regional Government [KRG] and Iraqi federal government have been resolved.
MP Najiba Najib told BasNews, “Over the last week, there have been some disagreements about how to measure the amount of oil to be exported by the KRG through the State Oil Marketing Organization [SOMO] mechanism. However, the original agreement of 550,000 barrels per day [bpd] remains in place”.
“The State of Law Coalition in the Iraqi parliament wanted exports to be registered daily rather than annually but they failed to get this through the 2015 budget.”
“The Iraqi budget will measure exports annually. So, the KRG shall export oil and Baghdad will send the region its share of the budget,” said Najib.
The KRG will not be able to export 300,000 bpd from Kurdistan oil and 250,00 from Kirkuk through SOMO for a few months, until it honours debts to oil companies.
Once the debts are settled, the KRG can address the shortfall of previous months, working within the agreement of annual measurement.
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Exported Kurdish oil will be measured annually, not daily
Basnews | Biryar Koyi views
01.02.2015 16:27
A Kurdish Member of the Baghdad Parliament says that recent issues with the agreement between the Kurdistan Regional Government [KRG] and Iraqi federal government have been resolved.
MP Najiba Najib told BasNews, “Over the last week, there have been some disagreements about how to measure the amount of oil to be exported by the KRG through the State Oil Marketing Organization [SOMO] mechanism. However, the original agreement of 550,000 barrels per day [bpd] remains in place”.
“The State of Law Coalition in the Iraqi parliament wanted exports to be registered daily rather than annually but they failed to get this through the 2015 budget.”
“The Iraqi budget will measure exports annually. So, the KRG shall export oil and Baghdad will send the region its share of the budget,” said Najib.
The KRG will not be able to export 300,000 bpd from Kurdistan oil and 250,00 from Kirkuk through SOMO for a few months, until it honours debts to oil companies.
Once the debts are settled, the KRG can address the shortfall of previous months, working within the agreement of annual measurement.
[You must be registered and logged in to see this link.]
