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Kurdistan Energy Committee: The Kurdistan Region will get $900 million per month if oil is delivered to Baghdad
oil field
energy
Economy News - Baghdad
The head of the Energy and Natural Resources Committee in the Kurdistan Parliament confirmed that the implementation of the Federal Court's decision will make the Kurdistan region receive more than 900 million dollars in oil sales revenue per month.
Ali Hama Saleh, head of the Energy and Natural Resources Committee in the Kurdistan Parliament, said during a press statement, that the decision of the Federal Court is in the interest of the people of Kurdistan, and the federal government will not control the oil fields in the Kurdistan Region by force.
He explained, when the Kurdistan region's oil is sold by the federal government, the latter will pay the expenses of the oil-producing companies in addition to paying the wages of the oil carrier after conducting the audits, and
if the oil is sold at the current price, the Kurdistan region's share of the oil revenues will be more than 900 million dollars per month Of which 600 million dollars will be allocated to the salaries of employees and the rest will be allocated to the implementation of service projects with the presence of internal imports .
The head of the Energy and Natural Resources Committee explained: At that time, the Kurdistan region would become part of the Iraqi oil policy, and the price of fuel would also drop to 450 dinars, and the white oil would be provided to the citizens on an ongoing basis.
He pointed out that this desire of the federal government is concerned with the issue of gas to be exported in the future, and
I believe that a comprehensive agreement must be reached, legislation of the oil and gas law, and determining the Kurdistan region’s share of the budget, because the differences do not serve the people of Kurdistan at all.
The Minister of Oil, Ihsan Abdul-Jabbar, had confirmed that the management of oil activity in the Kurdistan Region is incorrect, while noting that the net revenues of the region do not exceed 50 percent of the value of the oil sold.
Abdul Jabbar said during the meeting of the opinion board of the Ministry of Oil: More than (75) days of discussion and initiatives, and all Baghdad’s attempts, flexibility in dealing with the region and the desire to bridge confidence have not achieved any result, and we are going towards the literal application of the Federal Court’s decision regarding Kurdistan Region’s oil.
Views 464 Date Added 05/08/2022
Kurdistan Energy Committee: The Kurdistan Region will get $900 million per month if oil is delivered to Baghdad
oil field
energy
Economy News - Baghdad
The head of the Energy and Natural Resources Committee in the Kurdistan Parliament confirmed that the implementation of the Federal Court's decision will make the Kurdistan region receive more than 900 million dollars in oil sales revenue per month.
Ali Hama Saleh, head of the Energy and Natural Resources Committee in the Kurdistan Parliament, said during a press statement, that the decision of the Federal Court is in the interest of the people of Kurdistan, and the federal government will not control the oil fields in the Kurdistan Region by force.
He explained, when the Kurdistan region's oil is sold by the federal government, the latter will pay the expenses of the oil-producing companies in addition to paying the wages of the oil carrier after conducting the audits, and
if the oil is sold at the current price, the Kurdistan region's share of the oil revenues will be more than 900 million dollars per month Of which 600 million dollars will be allocated to the salaries of employees and the rest will be allocated to the implementation of service projects with the presence of internal imports .
The head of the Energy and Natural Resources Committee explained: At that time, the Kurdistan region would become part of the Iraqi oil policy, and the price of fuel would also drop to 450 dinars, and the white oil would be provided to the citizens on an ongoing basis.
He pointed out that this desire of the federal government is concerned with the issue of gas to be exported in the future, and
I believe that a comprehensive agreement must be reached, legislation of the oil and gas law, and determining the Kurdistan region’s share of the budget, because the differences do not serve the people of Kurdistan at all.
The Minister of Oil, Ihsan Abdul-Jabbar, had confirmed that the management of oil activity in the Kurdistan Region is incorrect, while noting that the net revenues of the region do not exceed 50 percent of the value of the oil sold.
Abdul Jabbar said during the meeting of the opinion board of the Ministry of Oil: More than (75) days of discussion and initiatives, and all Baghdad’s attempts, flexibility in dealing with the region and the desire to bridge confidence have not achieved any result, and we are going towards the literal application of the Federal Court’s decision regarding Kurdistan Region’s oil.
Views 464 Date Added 05/08/2022
