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Iraq's Kurdistan region receives dues budget long-awaited Baghdad
Thu Mar 19, 2015
BAGHDAD (Reuters) - The Kurdistan region received in the semi-autonomous northern Iraq, $ 420 million of the budget dues of Baghdad on Thursday, a long-awaited payments would bilateral agreement for the export of oil to the track.
He said Finance Minister Hoshiyar Zebari told Reuters, stressing payments "mean that the parties are committed to the deal."
Baghdad had cut the budget for the Kurds payments in January of 2014 because of the region's oil policies.
He returned the budget to pay dues in December after Kurds agreed to export an average of 550 thousand barrels per day of crude from the port of Ceyhan through the government of the Iraqi State Oil Marketing Organization (SOMO).
The agreement replaces a tribute as a breakthrough will help Iraq to increase its oil exports at a time when the country's revenues are under pressure as a result of the decline in world oil prices and the cost of financing the war against international Islamic organization in the north and west fighters.
And received the Kurds, except to obtain 17 per cent of the national budget for this year, amounting to $ 105 billion, which means that, on average, pay a billion dollars a month, but payment was delayed in February, which is the smartest tensions amid the difficulties encountered by the two sides in accordance with what he said Zebari.
Central government and the private face severe cash-flow problems under the Dat falling oil prices and the war being waged on the organization of the Islamic state in parts of northern and western Iraq.
The Kurds have sought hard to reach the goal of exporting 550 thousand barrels per day from their fields and national fields in Kirkuk, which are now responsible for the export of them.
Zebari said: "There are now different expectations from both sides." He added by saying that oil exports from the north now increasingly steadily and reached more than 300 thousand barrels per day.
He said that the two sides will achieve Ohdavhmha special payments budget and exports of oil by the end of the year, although numbers may vary from month to month. He said that Baghdad is expected to provide a further boost from the budget dues to the Kurds at the end of the month of March.
He said, "Both sides Eoffaan their promises."
The latest batch of budget dues may negotiate Zebari and Deputy Prime Minister Ruz Nuri Shaways -oheme Krdian- and Oil Minister Adel Abdul-Mahdi.
(Preparation Mohammed Abdel Aal Arab Bulletin)
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Thu Mar 19, 2015
BAGHDAD (Reuters) - The Kurdistan region received in the semi-autonomous northern Iraq, $ 420 million of the budget dues of Baghdad on Thursday, a long-awaited payments would bilateral agreement for the export of oil to the track.
He said Finance Minister Hoshiyar Zebari told Reuters, stressing payments "mean that the parties are committed to the deal."
Baghdad had cut the budget for the Kurds payments in January of 2014 because of the region's oil policies.
He returned the budget to pay dues in December after Kurds agreed to export an average of 550 thousand barrels per day of crude from the port of Ceyhan through the government of the Iraqi State Oil Marketing Organization (SOMO).
The agreement replaces a tribute as a breakthrough will help Iraq to increase its oil exports at a time when the country's revenues are under pressure as a result of the decline in world oil prices and the cost of financing the war against international Islamic organization in the north and west fighters.
And received the Kurds, except to obtain 17 per cent of the national budget for this year, amounting to $ 105 billion, which means that, on average, pay a billion dollars a month, but payment was delayed in February, which is the smartest tensions amid the difficulties encountered by the two sides in accordance with what he said Zebari.
Central government and the private face severe cash-flow problems under the Dat falling oil prices and the war being waged on the organization of the Islamic state in parts of northern and western Iraq.
The Kurds have sought hard to reach the goal of exporting 550 thousand barrels per day from their fields and national fields in Kirkuk, which are now responsible for the export of them.
Zebari said: "There are now different expectations from both sides." He added by saying that oil exports from the north now increasingly steadily and reached more than 300 thousand barrels per day.
He said that the two sides will achieve Ohdavhmha special payments budget and exports of oil by the end of the year, although numbers may vary from month to month. He said that Baghdad is expected to provide a further boost from the budget dues to the Kurds at the end of the month of March.
He said, "Both sides Eoffaan their promises."
The latest batch of budget dues may negotiate Zebari and Deputy Prime Minister Ruz Nuri Shaways -oheme Krdian- and Oil Minister Adel Abdul-Mahdi.
(Preparation Mohammed Abdel Aal Arab Bulletin)
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