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Kurdistan alliance talks about final oil export agreement with Baghdad
Iraq, February 16, 2014
Kurdistan Alliance said on Saturday that the oil differences between Baghdad and Erbil is expected to end this week , noting that a " big convergence " took place during the past few days by " internal and external pressures " to end the crisis.
The Presidency of the parliament held in the presence of representatives from the federal government a meeting to discuss the budget crisis and oil export file from Kurdistan region.
Kurdistan Region's oil proposals include exporting oil through (KUMO) company in Kurdistan , instead of SOMO national proposal or deduct the region's share from the region 's oil sales and the remainder goes directly to the federal government.
"The convergence in positions happened between the federal government and the regional government during the past few days about the crisis, the export of oil will take place this week in the form of a final agreement after the arrival of a delegation from the region to attend the joint meeting," The member of the bloc and the decision maker of the parliamentary oil and energy Commission , Qassim Mohammed told "Shafaq News".
"The agreement came after pressure from the federal government to reduce the annual cash flow to the region if the region goes ahead in exporting oil without Baghdad agree on granting the region the constitutional right to export oil in accordance with the federal government".
"The current crisis between Baghdad and Erbil delayed the approval of the federal budget for three consecutive weeks," he added.
It is worth mentioning that this year budget is about 160 billion dinars, which is the biggest budget in the history of Iraq that aim at energizing the industrial and service sector of infrastructure projects.
(zawya)
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Iraq, February 16, 2014
Kurdistan Alliance said on Saturday that the oil differences between Baghdad and Erbil is expected to end this week , noting that a " big convergence " took place during the past few days by " internal and external pressures " to end the crisis.
The Presidency of the parliament held in the presence of representatives from the federal government a meeting to discuss the budget crisis and oil export file from Kurdistan region.
Kurdistan Region's oil proposals include exporting oil through (KUMO) company in Kurdistan , instead of SOMO national proposal or deduct the region's share from the region 's oil sales and the remainder goes directly to the federal government.
"The convergence in positions happened between the federal government and the regional government during the past few days about the crisis, the export of oil will take place this week in the form of a final agreement after the arrival of a delegation from the region to attend the joint meeting," The member of the bloc and the decision maker of the parliamentary oil and energy Commission , Qassim Mohammed told "Shafaq News".
"The agreement came after pressure from the federal government to reduce the annual cash flow to the region if the region goes ahead in exporting oil without Baghdad agree on granting the region the constitutional right to export oil in accordance with the federal government".
"The current crisis between Baghdad and Erbil delayed the approval of the federal budget for three consecutive weeks," he added.
It is worth mentioning that this year budget is about 160 billion dinars, which is the biggest budget in the history of Iraq that aim at energizing the industrial and service sector of infrastructure projects.
(zawya)
[You must be registered and logged in to see this link.]
