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Energy Institute: end the differences of Arbil and Baghdad is subject to the legislation of a legal oil and gas revenue sharing
7/5/2015
Called Iraq Energy Institute, Saturday, the government to the need for legal oil and gas pass and the sharing of federal revenue to Thariahma in Parliament, pointing out that these laws will contribute to an end to the differences between Arbil and Baghdad on oil, while explained that the export of the Kurdistan region of oil rate estimated at about 145 000 barrels per day within SOMO.
Said Director of the Institute Louay Khatib for "Sky Press," "The Ministry of Natural Resources in the Kurdistan Regional Government failed to reach the agreed export rate with the federal government in the budget law, which exported 550 000 barrels per day compared to get the region on full entitlements," noting that "the export rate in the region is currently about 145 000 barrels per day export any deficit estimated at more than 400 000 barrels per day."
"The only way to move forward towards ending disputes between Erbil and Baghdad over oil is to pass the sharing of federal revenues and the law of oil and gas law," adding that "these laws Sinzman work between the local and federal governments and Scimenhan the rights of all the provinces as well as the Kurdistan region."
The Iraqi Council of Ministers decided, on the third of December 2014, approval of the agreement between the federal government and the Kurdistan Regional Government, which was attended by Abadi and President of the Kurdistan Regional Government Nechirvan Barzani, which stipulates that the Iraqi oil belongs to all Iraqis, and committed the Kurdistan region to export about 550 thousand barrels per day within the national SOMO paid access to 17% of the federal budget.
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7/5/2015
Called Iraq Energy Institute, Saturday, the government to the need for legal oil and gas pass and the sharing of federal revenue to Thariahma in Parliament, pointing out that these laws will contribute to an end to the differences between Arbil and Baghdad on oil, while explained that the export of the Kurdistan region of oil rate estimated at about 145 000 barrels per day within SOMO.
Said Director of the Institute Louay Khatib for "Sky Press," "The Ministry of Natural Resources in the Kurdistan Regional Government failed to reach the agreed export rate with the federal government in the budget law, which exported 550 000 barrels per day compared to get the region on full entitlements," noting that "the export rate in the region is currently about 145 000 barrels per day export any deficit estimated at more than 400 000 barrels per day."
"The only way to move forward towards ending disputes between Erbil and Baghdad over oil is to pass the sharing of federal revenues and the law of oil and gas law," adding that "these laws Sinzman work between the local and federal governments and Scimenhan the rights of all the provinces as well as the Kurdistan region."
The Iraqi Council of Ministers decided, on the third of December 2014, approval of the agreement between the federal government and the Kurdistan Regional Government, which was attended by Abadi and President of the Kurdistan Regional Government Nechirvan Barzani, which stipulates that the Iraqi oil belongs to all Iraqis, and committed the Kurdistan region to export about 550 thousand barrels per day within the national SOMO paid access to 17% of the federal budget.
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