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AK News reported that Mr Nechirvan Barzani PM of the Kurdistan Regional Government stated the agreement signed by Baghdad and KRG in a last week's meeting in Baghdad over oil will not solve all problems between the two sides yet it is an important and positive move.
Mr Barzani said that Iraq's Council of Ministers and its counterpart in the KRG have approved the agreement points of Baghdad meeting. He believed this agreement is a move toward good direction.
The agreement contained clauses which require Baghdad to pay the suspended dues of the investigating oil companies in the Kurdistan Region from 2012 budget in addition to allocation of a share of refined fuel to the Kurdistan.
Mr Barzani said that Baghdad will pay 650 million IQD from 2012 budget to investigating oil companies in the region and hoped reimbursing the reminder of the dues 350 million IQD be fixed in the next year's budget.
Mr Barzani described Baghdad agreement as the first step toward solving the problems between both governments saying another good point of the agreement is that Iraqi Government sends 700,000 barrel of oil per day to refineries and Kurdistan's share from this number is % 17 equivalents to 147,000 barrels per day.
The PM however stated what the Region receives now is far less than that. According to the agreement from now on Kurdistan Region will receive its full share. At the moment the region receives only 20,000 barrels to 30,000 barrels of refined oil."
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Mr Barzani said that Iraq's Council of Ministers and its counterpart in the KRG have approved the agreement points of Baghdad meeting. He believed this agreement is a move toward good direction.
The agreement contained clauses which require Baghdad to pay the suspended dues of the investigating oil companies in the Kurdistan Region from 2012 budget in addition to allocation of a share of refined fuel to the Kurdistan.
Mr Barzani said that Baghdad will pay 650 million IQD from 2012 budget to investigating oil companies in the region and hoped reimbursing the reminder of the dues 350 million IQD be fixed in the next year's budget.
Mr Barzani described Baghdad agreement as the first step toward solving the problems between both governments saying another good point of the agreement is that Iraqi Government sends 700,000 barrel of oil per day to refineries and Kurdistan's share from this number is % 17 equivalents to 147,000 barrels per day.
The PM however stated what the Region receives now is far less than that. According to the agreement from now on Kurdistan Region will receive its full share. At the moment the region receives only 20,000 barrels to 30,000 barrels of refined oil."
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