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Tubbs

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  1. **Baghdad and Erbil agree on oil view**

    in Iraq & Dinar Related News

    Posted

    Kurdistan region, Baghdad reach deal on oil exports and payments

    BY MICHAEL GEORGY AND ISABEL COLES

    BAGHDAD/ARBIL Thu Nov 13, 2014 2:53pm EST

    (Reuters) - The government of Iraq and the semi-autonomous region of Kurdistan have reached a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, Iraq's finance minister told Reuters on Thursday.

    Hoshiyar Zebari said the central government had agreed for the time being to resume payments from the federal budget for Kurdish civil servants' salaries.

    Zebari, who is a Kurd, described the step as a "major breakthrough" that would reduce friction between the KRG and Baghdad. He said the payments would cover October and then November.

    The deal was reached after talks between Iraqi Oil Minister Adel Abdel Mehdi and Kurdish Prime Minister Nechirvan Barzani in the Kurdistan region on Thursday.

    Baghdad stopped paying for KRG civil servant salaries in protest against the Kurds' exporting oil to Turkey independently.

    Under the agreement, Iraqi Kurdistan will give 150,000 barrels per day of oil exports - equal to around half its overall shipments - to the federal budget.

    In Arbil, the Kurdistan Regional Government (KRG) confirmed the agreement.

    "What they have agreed is that Baghdad will release some funds - $500 million - and the KRG will give 150,000 barrels per day of oil to Baghdad," KRG spokesman Safeen Dizayee told Reuters.

    EXPORTS STILL UNDER CONTROL OF KURDS

    He said a KRG delegation headed by the prime minister would travel to Baghdad soon to hammer out a more comprehensive deal and the regional government would not hand over control of exports to Baghdad.

    A similar agreement was proposed in April but never advanced to a deal.

    In July, then Iraqi foreign minister Zebari said the Kurdish political bloc withdrew from the national government in protest against Prime Minister Nuri al-Maliki's accusation that Kurds were harbouring Islamist insurgents in their capital.

    The Kurds later rejoined the administration. But tensions persisted.

    Maliki, one of the most divisive figures to emerge from the U.S. occupation of Iraq, was later replaced by Haider al-Abadi.

    He is seen as a moderate Shi'ite capable of cooperating with Sunni Muslims, Kurds and other sects.

    Iraqi leaders are under pressure to bury differences in order to counter Islamic State militants who have seized chunks of the country in the north and west.

    There are about 5 million Kurds in majority Arab Iraq, which has a population of more than 30 million. Most live in the north, where they run their own affairs, but remain reliant on Baghdad for a share of the national budget.

    http://www.reuters.com/article/2014/11/13/us-iraq-kurdistan-idUSKCN0IX1X520141113

    W :backflip: WZA !!

    • Upvote 1

  2. KRG Cut A Deal With GOI

    in Iraq & Dinar Related News

    Posted

    This is what Tim724 says :)

     

    11-13-2014   Newshound Guru tlm724   Article:  "Kurdistan Regional Government approves draft law to regulate the management of oil wealth and oil revenues and fund resources"  Quote:  "they relate to discuss and approve the 'oil and gas resources in the Fund Kurdistan Region of Iraq Law' where Satzhb entire oil and gas revenues in the Kurdistan Region to this fund.  After extensive discussions and observations put forward by the Minister, was ratified this law, also decided to allocate it to the Parliament."  they have finally worked out the details!!  it is happening before our eyes. All these points have been well received, there is a mutual understanding between Baghdad and Kurdistan and this will lead to ratification of the HCL...they have come to an understanding with Baghdad ...Just amazing! 

     

    W :backflip: W

  22. Central Bank allows for money transfer companies to participate currency auction

    in Iraq & Dinar Related News

    Posted

    Nelg, on 21 Apr 2014 - 05:50 AM, said:snapback.png

    But has the exchange rate changed?  No.  Will the exchange rate change?  Hopefully.  I'm still wondering HOW it will make the rate stable or higher.  Does anyone have a reason why it would make the rate more stable?

    I'm thinking this would support a float mechanism by increasing liquidity at minimum. Should the rate increase, then this will ignite our supply and demand needs exponentially.  =  B :eyebrows:  B) M

     

    Hope everyone had a Blessed Easter Day  :peace: 

    Read more: http://dinarvets.com/forums/index.php?/topic/176484-central-bank-allows-for-money-transfer-companies-to-participate-currency-auction/#ixzz2zWsDFYQc

    • Upvote 1
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