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Friday, March 21, 2014 12:39
Kurdistan exports its oil through SOMO
BAGHDAD / Baghdadi News / ... welcomed the central government in Baghdad, the decision of the Kurdistan region to export oil produced in Kurdistan across national SOMO
The Deputy Prime Minister for Energy Hussain al-Shahristani in a press statement received Baghdadi News a copy of it: We welcome the decision of the government of the Kurdistan region of Iraq starting the export of oil
Iraqi product of the province through the national system to the Mediterranean through the national oil marketing company (SOMO) in accordance with the procedures specified in the company's revenues will be deposited in the Development Fund for Iraq shall be distributed on the basis of the federal budget.
The statement added that "This decision came after the ongoing negotiations between the delegations of the federal government and the provincial government to be followed by other steps to increase oil exports from the region in accordance with the same context"
It is expected to contribute to the resolution of this problem-solving outstanding issues between Baghdad and Erbil on the general budget, which is the subject of oil exporting region and mechanisms of the most prominent points of difference between them, a matter which will facilitate the process of approving the budget in Parliament.
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Kurdistan exports its oil through SOMO
BAGHDAD / Baghdadi News / ... welcomed the central government in Baghdad, the decision of the Kurdistan region to export oil produced in Kurdistan across national SOMO
The Deputy Prime Minister for Energy Hussain al-Shahristani in a press statement received Baghdadi News a copy of it: We welcome the decision of the government of the Kurdistan region of Iraq starting the export of oil
Iraqi product of the province through the national system to the Mediterranean through the national oil marketing company (SOMO) in accordance with the procedures specified in the company's revenues will be deposited in the Development Fund for Iraq shall be distributed on the basis of the federal budget.
The statement added that "This decision came after the ongoing negotiations between the delegations of the federal government and the provincial government to be followed by other steps to increase oil exports from the region in accordance with the same context"
It is expected to contribute to the resolution of this problem-solving outstanding issues between Baghdad and Erbil on the general budget, which is the subject of oil exporting region and mechanisms of the most prominent points of difference between them, a matter which will facilitate the process of approving the budget in Parliament.
[You must be registered and logged in to see this link.]
