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Financial Kurdistan: oil revenue source will return to the treasury ministry
5/27/2014 0:00
Barzani brief Parliament on the reasons for the sale of oil
Irbil Shirzad Shaikhani
the spokesman of the Ministry of Finance and the Kurdistan Regional Government "that the fiscal revenue from the sale of the region's oil to world markets will return to the treasury and financial Kurdistan will be used to pay the salaries of government employees." He Dler Tariq, spokesman for the ministry said in a statement the "morning": that the ministry was able to measure the necessary funds to pay overdue salaries for the month of April last, and that the Ministries of Interior and Peshmerga stages will be another two ministries Taatsalman salaries of their staff today, "Tuesday" and will be paid salary arrears for the rest of the institutions and government departments that have not yet received their payrolls for the month of April. "He Tareq to" the proceeds from the export of oil to the Turkish port of Ceyhan will return to the Treasury and the Ministry of Finance Government of the Territory and by we will manage employees' salaries stages the next, as well as provide liquidity for the rest of the obligations of the government and the private predecessor real estate and marriage, and will be treated with those revenues as income local be distributed among sections of the budget. "
The Turkish government has initiated last Thursday to sell its first batch of oil region source them to global markets, which were estimated at one million barrels of oil, despite objections from the federal government and American pressure not to sell any quantity of oil extracted of the Kurdistan region without the approval of the federal government, and violating an explicit agreement earlier contract between the Iraqi and Turkish governments.
in a statement released by the Kurdistan Regional Government, "Friday," confirmed "that the proceeds from the export of oil region to the port of Ceyhan and sell to global markets will be dealt with as part of the share of province Kurdistan from the state budget, and the quantity sold will be the first and followed by other quantities will be exported through the new carrier oil line between Kurdistan and the Turkish port of Ceyhan. " She said the territorial Government in its statement that "the Government of the Territory will adhere to the resolutions of the UN Security Council in relation to a discount rate of 5 percent of oil revenues to pay compensation to Kuwait calculates special."
In the meantime, hosts the Kurdish parliament in its session on Wednesday Prime Minister Barzani to discuss about the financial crisis deepening Kurdistan, where he confirmed the head of the Democratic Party, the Parliament of Kurdistan Omid Khoshnaw "that Barzani asked the chairman of the parliament hosted the post session Wednesday so surrounded by members of parliament, the latest developments on the financial crisis and alternatives to government to provide liquidity in order to continue to pay employees' salaries, and this will be an important opportunity for dialogue with Prime Minister on this crisis and how to get out of it. "He was MP Ali Hama Salih on the mass of the MDC has confirmed in a statement singled out the" morning "that the quantity exported current of 100 thousand barrels per day, will not achieve even a fraction of revenues sufficient to manage the affairs of the region, The region needs to export half a million barrels of oil per day in order to be able to compensate for the lack of financial condition that is sold per barrel in accordance with the international prices prevailing. "Saleh pointed to" the export operations take place without any knowledge of the Parliament, we do not know where to go revenues and how returning to Kurdistan , the operation as a whole is not transparent, as there was no fund known wherein those returns while it assumes creation of a special fund returns oil so that everyone knows where to go those returns, and therefore we have decided to investigate the Parliament in this regard because these resources, the people and the parliament is supposed to know how to behave by the government. " He revealed the Kurdish parliament "for that after the formation of the Government of the region and the designation of the Minister of Natural Resources, we will direct specific questions on oil policy and all operations related to export and deposit returns to the Minister of resources, and if we do not receive him satisfactory replies Snstdeih of the parliament."
was Iraq and Turkey have signed an agreement oil year 1973 has been renovated three times, first in 1976 and second in 1985, and the last renewal of that agreement was in 2010 for a period of 15 years, and under that agreement Turkey can not dispose of Iraqi oil or display any Stockpiled port of Ceyhan for sale without the consent of Iraq, represented by the Ministry of the Federal Oil.
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5/27/2014 0:00
Barzani brief Parliament on the reasons for the sale of oil
Irbil Shirzad Shaikhani
the spokesman of the Ministry of Finance and the Kurdistan Regional Government "that the fiscal revenue from the sale of the region's oil to world markets will return to the treasury and financial Kurdistan will be used to pay the salaries of government employees." He Dler Tariq, spokesman for the ministry said in a statement the "morning": that the ministry was able to measure the necessary funds to pay overdue salaries for the month of April last, and that the Ministries of Interior and Peshmerga stages will be another two ministries Taatsalman salaries of their staff today, "Tuesday" and will be paid salary arrears for the rest of the institutions and government departments that have not yet received their payrolls for the month of April. "He Tareq to" the proceeds from the export of oil to the Turkish port of Ceyhan will return to the Treasury and the Ministry of Finance Government of the Territory and by we will manage employees' salaries stages the next, as well as provide liquidity for the rest of the obligations of the government and the private predecessor real estate and marriage, and will be treated with those revenues as income local be distributed among sections of the budget. "
The Turkish government has initiated last Thursday to sell its first batch of oil region source them to global markets, which were estimated at one million barrels of oil, despite objections from the federal government and American pressure not to sell any quantity of oil extracted of the Kurdistan region without the approval of the federal government, and violating an explicit agreement earlier contract between the Iraqi and Turkish governments.
in a statement released by the Kurdistan Regional Government, "Friday," confirmed "that the proceeds from the export of oil region to the port of Ceyhan and sell to global markets will be dealt with as part of the share of province Kurdistan from the state budget, and the quantity sold will be the first and followed by other quantities will be exported through the new carrier oil line between Kurdistan and the Turkish port of Ceyhan. " She said the territorial Government in its statement that "the Government of the Territory will adhere to the resolutions of the UN Security Council in relation to a discount rate of 5 percent of oil revenues to pay compensation to Kuwait calculates special."
In the meantime, hosts the Kurdish parliament in its session on Wednesday Prime Minister Barzani to discuss about the financial crisis deepening Kurdistan, where he confirmed the head of the Democratic Party, the Parliament of Kurdistan Omid Khoshnaw "that Barzani asked the chairman of the parliament hosted the post session Wednesday so surrounded by members of parliament, the latest developments on the financial crisis and alternatives to government to provide liquidity in order to continue to pay employees' salaries, and this will be an important opportunity for dialogue with Prime Minister on this crisis and how to get out of it. "He was MP Ali Hama Salih on the mass of the MDC has confirmed in a statement singled out the" morning "that the quantity exported current of 100 thousand barrels per day, will not achieve even a fraction of revenues sufficient to manage the affairs of the region, The region needs to export half a million barrels of oil per day in order to be able to compensate for the lack of financial condition that is sold per barrel in accordance with the international prices prevailing. "Saleh pointed to" the export operations take place without any knowledge of the Parliament, we do not know where to go revenues and how returning to Kurdistan , the operation as a whole is not transparent, as there was no fund known wherein those returns while it assumes creation of a special fund returns oil so that everyone knows where to go those returns, and therefore we have decided to investigate the Parliament in this regard because these resources, the people and the parliament is supposed to know how to behave by the government. " He revealed the Kurdish parliament "for that after the formation of the Government of the region and the designation of the Minister of Natural Resources, we will direct specific questions on oil policy and all operations related to export and deposit returns to the Minister of resources, and if we do not receive him satisfactory replies Snstdeih of the parliament."
was Iraq and Turkey have signed an agreement oil year 1973 has been renovated three times, first in 1976 and second in 1985, and the last renewal of that agreement was in 2010 for a period of 15 years, and under that agreement Turkey can not dispose of Iraqi oil or display any Stockpiled port of Ceyhan for sale without the consent of Iraq, represented by the Ministry of the Federal Oil.
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