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Baghdad has custody of the Kurdistan oil exports and looming legal consequences
8/24/2015
Twilight News Iraqi Oil Ministry / said on Monday it express its reservation and the constitutional law on the independent oil exports from the Kurdistan region of Iraq, as well as deposit their money in foreign banks outside the federal government accounts, noting at the same time that these things are legal consequences. The Iraqi Ministry responded to the report by the Ministry of Natural Resources in the Kurdistan Region issued on August 22, 2015 on some of their exports and the amounts you would expect during the Period: Jun 24-24 August 2015. The ministry said in a statement responded to Twilight News, it was reported in the Ministry of the province report that it was agreed to provide the amounts of the territory of oil Kurdistan to Sumo return for a full region's share in the federal budget for 2015, which was estimated billion dollars a month of receipt, but the provincial government received a one-third share of the Baghdad during the first five months in 2015 ".
A statement of the Iraqi oil ministry said, adding that he did not mention the statement of the Ministry of Natural Resources in the province, said the budget law adopted in the calculation of federal revenues on a price for the sale of oil rate is 56 dollars per barrel and daily exports to Iraq is 3.3 million barrels of which the province's commitment to deliver Sumo B550 thousand barrels per day, including 250 000 barrels / day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk Mhakza and that all revenue actually income once the public treasury of the state to account.
She said the Ministry of Natural Resources report did not say what he had handed over the province since the beginning of the year until the day 05.31.2015 about 328 000 barrels per day, an average of nearly 60%, while up to 08.23.2015 amounted to about 241 per day with an average of nearly 44 % of the amount supposed to be delivered to the Federal Government in accordance with the budget law.
She pointed out that Article 11 / III of the budget law states, "If you do not fulfill any party (the federal government, the Kurdistan Regional Government) Petroleum obligations or financial agreed in this budget, the other party is not obliged also to fulfilling its obligations, oil was or financial."
He said the Iraqi oil ministry that the Ministry of the province's report did not mention that the budget law (Article 10) distracted the 17% allocated to the province under the actual expenditures and not planned .. So when the ministry report speaks of billion dollars should have been received by the province from the federal government a month, it refers to the expenses planned and not the actual, and everyone knows that the actual expenses declined due to lower quantities exported and the prices of oil, is no longer billion dollars a month as the report .. According to Article 10 / Fourth: "When you get an increase or decrease in the total federal budget added or expenses reduce the share of province Kurdistan proportionally. "
The ministry expressed its reservation "constitutional and legal on a series of topics, the report reminds her like a final Bdihat related to exports and investment fields of Kirkuk and the debt of the sovereign character of the entry money oil exports in foreign banks and not in the federal government accounts at the Federal Reserve Bank of New York, For these things legal and financial inside Iraq and internationally consequences ".
She drew the Oil Ministry in its statement that the Federal Government and the provincial entitlements and obligations of mutual Therefore urged the Article 11 / I / B of the budget law that "made the settlement of dues between the province and the federal government for the years 2004 to 2014 and subsequent years have yet audited by the Federal Office of Financial Supervision and in agreement with the Office of Financial Supervision of the province. "
The ministry welcomed the statement by the Ministry of the province of Kurdistan report that "the provincial government will remain always open for discussion and dialogue with our colleagues in Baghdad for ways to solve all the problems existing in the oil and gas issues and to develop long-term cooperation come out of it everybody wins."
She said, "is the same, which was confirmed by the Federal Ministry of Oil in mutual meetings between the two parties, notes, in order to resolve these sensitive issues, especially in these circumstances that require candor and accuracy of information and the cooperation of everyone and in the public benefit."
And it increased the Kurdistan Regional Independent oil sales since mid-June, while reducing Sumo allocations in an escalating dispute over export payments and budget rights.
Kurdistan says it remains committed to an agreement reached in December and approved under which the transfer of up to 550 thousand barrels per day for the allocation of Baghdad Sumo versus 17 percent of the general budget for Erbil payments.
However, Erbil says that Iraq did not abide by the agreement and did not pay allowances at the time of the Kurdistan need the money badly in a war against militants organize Daash and sheltering a large number of refugees from Syria and Iraq
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8/24/2015
Twilight News Iraqi Oil Ministry / said on Monday it express its reservation and the constitutional law on the independent oil exports from the Kurdistan region of Iraq, as well as deposit their money in foreign banks outside the federal government accounts, noting at the same time that these things are legal consequences. The Iraqi Ministry responded to the report by the Ministry of Natural Resources in the Kurdistan Region issued on August 22, 2015 on some of their exports and the amounts you would expect during the Period: Jun 24-24 August 2015. The ministry said in a statement responded to Twilight News, it was reported in the Ministry of the province report that it was agreed to provide the amounts of the territory of oil Kurdistan to Sumo return for a full region's share in the federal budget for 2015, which was estimated billion dollars a month of receipt, but the provincial government received a one-third share of the Baghdad during the first five months in 2015 ".
A statement of the Iraqi oil ministry said, adding that he did not mention the statement of the Ministry of Natural Resources in the province, said the budget law adopted in the calculation of federal revenues on a price for the sale of oil rate is 56 dollars per barrel and daily exports to Iraq is 3.3 million barrels of which the province's commitment to deliver Sumo B550 thousand barrels per day, including 250 000 barrels / day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk Mhakza and that all revenue actually income once the public treasury of the state to account.
She said the Ministry of Natural Resources report did not say what he had handed over the province since the beginning of the year until the day 05.31.2015 about 328 000 barrels per day, an average of nearly 60%, while up to 08.23.2015 amounted to about 241 per day with an average of nearly 44 % of the amount supposed to be delivered to the Federal Government in accordance with the budget law.
She pointed out that Article 11 / III of the budget law states, "If you do not fulfill any party (the federal government, the Kurdistan Regional Government) Petroleum obligations or financial agreed in this budget, the other party is not obliged also to fulfilling its obligations, oil was or financial."
He said the Iraqi oil ministry that the Ministry of the province's report did not mention that the budget law (Article 10) distracted the 17% allocated to the province under the actual expenditures and not planned .. So when the ministry report speaks of billion dollars should have been received by the province from the federal government a month, it refers to the expenses planned and not the actual, and everyone knows that the actual expenses declined due to lower quantities exported and the prices of oil, is no longer billion dollars a month as the report .. According to Article 10 / Fourth: "When you get an increase or decrease in the total federal budget added or expenses reduce the share of province Kurdistan proportionally. "
The ministry expressed its reservation "constitutional and legal on a series of topics, the report reminds her like a final Bdihat related to exports and investment fields of Kirkuk and the debt of the sovereign character of the entry money oil exports in foreign banks and not in the federal government accounts at the Federal Reserve Bank of New York, For these things legal and financial inside Iraq and internationally consequences ".
She drew the Oil Ministry in its statement that the Federal Government and the provincial entitlements and obligations of mutual Therefore urged the Article 11 / I / B of the budget law that "made the settlement of dues between the province and the federal government for the years 2004 to 2014 and subsequent years have yet audited by the Federal Office of Financial Supervision and in agreement with the Office of Financial Supervision of the province. "
The ministry welcomed the statement by the Ministry of the province of Kurdistan report that "the provincial government will remain always open for discussion and dialogue with our colleagues in Baghdad for ways to solve all the problems existing in the oil and gas issues and to develop long-term cooperation come out of it everybody wins."
She said, "is the same, which was confirmed by the Federal Ministry of Oil in mutual meetings between the two parties, notes, in order to resolve these sensitive issues, especially in these circumstances that require candor and accuracy of information and the cooperation of everyone and in the public benefit."
And it increased the Kurdistan Regional Independent oil sales since mid-June, while reducing Sumo allocations in an escalating dispute over export payments and budget rights.
Kurdistan says it remains committed to an agreement reached in December and approved under which the transfer of up to 550 thousand barrels per day for the allocation of Baghdad Sumo versus 17 percent of the general budget for Erbil payments.
However, Erbil says that Iraq did not abide by the agreement and did not pay allowances at the time of the Kurdistan need the money badly in a war against militants organize Daash and sheltering a large number of refugees from Syria and Iraq
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