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The Englishman

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  1. Allawi: the government will address the oil crisis when the oil and gas law is approved. 2021-07-04 20:03 In a statement to CNBC Arabia, Allawi said that the highest electricity production reached 20,000 megawatts. Still, the sustainability of production is a challenge for the government due to the climate and gas supplies from Iran. Regarding the exit of foreign oil companies from Iraq, Allawi stressed that it is too early for these companies to withdraw since the Iraqi economy has great importance for them, noting that the government will address the challenges threatening the oil sector if the oil and gas law is approved.
  2. The oil and gas law will be approved during the next parliamentary session, MP suggests 2021-06-27 13:43 Shafaq News/ Kurdistan Democratic Party MP Dana Muhammad suggested approving the oil and gas law during the next electoral parliamentary session, as it is "a solution to the oil disputes between the federal government and the Kurdistan Regional Government." Muhammad told Shafaq News Agency, "disrupting of the approval of the oil and gas law since 2007 until now is the result of differences between all political forces", noting, "the law was never included the parliament's agenda over the past years." He stressed the need to, "approve the oil and gas law during the next parliamentary session, due to its importance in resolving the oil disputes between Baghdad and Erbil, and determining the powers of each one of them." "Adopting the law will put the Iraqi parliament in permanent knowledge of the powers of the federal government and the regional government. The Kurds and the Kurdistan Democratic Party support the approval of the oil and gas law in a manner that suits the interest of the region and the federal government." The differences between the blocs and the parties over the past years have resulted in more than three formulations of the oil and gas law. The first draft was put in 2007 and was rejected after the Kurdistan Alliance's objection, while the second version was developed in 2010. Still, the National Alliance expressed objection to the law and withdrew from the voting session. The third is a proposed law drawn up by the Parliamentary Oil and Energy Committee in 2011, but various political parties also rejected it. https://shafaq.com/en/Iraq-News/The-oil-and-gas-law-will-be-approved-during-the-next-parliamentary-session-MP-suggests#
  3. Just to add to the good news today. MARCH 31, 202110:29 PMUPDATED 26 MINUTES AGO Saudi Arabia, Iraq to continue cooperation to ensure stability of global oil markets: joint statement By Reuters Staff 1 MIN READ CAIRO (Reuters) - Saudi Arabia and Iraq agreed on Wednesday to continue cooperation within OPEC and with full commitment to the requirements of the OPEC+ agreement, according to a joint statement carried by the Saudi state news agency (SPA). Saudi Arabia and Iraq agreed on “the need to continue cooperation and coordination of positions in the petroleum field, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC) and the OPEC + agreement, with full commitment to the requirements of the agreement, the compensation mechanism, and all the decisions that have been agreed upon, to ensure the stability of the global oil markets,” SPA reported.
  4. Shafaq News/ The Dinar/Dollar exchange rates surged in the Iraqi market. Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya stock exchanges are trading the 100 US dollar at 145750 Iraqi dinars, compared to 145100 dinars on Thursday, earlier this week. Our correspondent added that today's selling and buying prices in the local markets rose to 146250 and 145250 dinars per 100 dollars. In Erbil, the capital of the Kurdistan Region, the dollar price also climbed, as the selling price reached 145,800 dinars, while the purchase price amounted to 145,500 dinars per 100 US dollars.
  5. Kurdistan Region agrees to Baghdad's terms; awaits its response “We will remain here until we reach an agreement.” Hiwa Shilani December 14th 2020 23:12 Qubad Talabani, Deputy Prime Minister of the Kurdistan Region. (Photo: Azhi Omer) ERBIL (Kurdistan 24) – The head of the Kurdistan Regional Government’s (KRG) delegation to Baghdad, Qubad Talabani, announced on Monday that the Kurdish side is waiting for a response from Baghdad, after it agreed to the provisions of the "budget deficit" law that the Iraqi parliament approved—despite the absence of representatives from the Kurdistan Region. "We have been in Baghdad since last Wednesday in order to implement the budget deficit law, which was issued in the Iraqi parliament without the participation of the Kurdish political parties," Qubad Talabani, deputy head of the regional government, stated in a press conference. Last month, the Iraqi parliament approved a budget deficit law in the absence of representatives from the Kurdistan Region, who boycotted the session over disagreements about a clause in the new law that Kurdish lawmakers described as “unfair” in allocating the share of the autonomous region in the federal budget. "Despite our observations on this law, we came to Baghdad in order to implement this law, and we held many meetings with government officials and negotiated with official, party, and influential figures in Baghdad," Talabani explained in Monday’s press conference. The controversial law stipulates handing over the region's oil and non-oil revenues to the federal government. Talabani indicated that the regional government was ready to abide by this condition, as he added, "We are awaiting Baghdad's decision in this regard and how much the share of the Kurdistan Region will be in the budget, after we agree to the condition." "We have heard many words about the failure of negotiations with Baghdad,” Talabani said. But “we tell [people saying such things] that the negotiations have not failed. They are continuing, and we are here in Baghdad.” “We will remain here until we reach an agreement,” Talabani affirmed. “Any share that will be agreed upon for the region is not a gift to the people of Kurdistan,” he stated, “but rather their constitutional share from the general Iraqi budget. We do not expect others to give charity to us, but rather our rights." Talabani also noted that "the political atmosphere in Iraq at the present time is complicated, as we go towards elections, so there are pressures on the political parties.” He called on all sides "to have patience,” adding, “We are here in Baghdad to obtain the rights of the Kurdistan Region, especially the right of those with [government] salaries in the region, and I am confident that we will reach a positive result."
  6. Iraqi minister proposes forming company to handle Kurdish oil operations The Iraqi oil minister has proposed forming a company to manage oil production and export operations in the semi-autonomous Kurdish region, state news agency INA reported on Tuesday Reuters , Tuesday 13 Oct 2020 The Kurdistan Regional Government (KRG) and central government in Baghdad have been locked in a long-running dispute over oil and land rights in the northern Iraqi Kurdish region. Talks on oil issues between the government and authorities in the Iraqi Kurdish region had reached a "positive understanding", Oil Minister Ihsan Abdul Jabbar said, according to INA. The proposed state company's management would be technically and administratively linked to the Kurdish regional authorities and federal Oil Ministry, he said, adding that it would be similar to state-run firms in Iraq's crude producing provinces. An Oil Ministry official told Reuters talks between oil officials from Erbil and Baghdad had made progress but more time was needed to reach a final agreement. The semi-autonomous Kurdistan region of Iraq is still exporting oil without consulting the Iraqi federal government, the minister had said in September.
  7. OIL 13 Oct 2020 | 07:04 UTC Dubai Iraq's oil minister proposes creating Kurdish crude upstream, export company HIGHLIGHTS Firm would be technically and administratively linked to Erbil and Baghdad Erbil and Baghdad have positive understanding to resolve oil dispute Disagreement over oil policy complicates Iraq's OPEC+ compliance Dubai — Iraq's oil minister has proposed creating a company to manage upstream and export operations in the semi-autonomous Kurdish region as Erbil and Baghdad hammer out an agreement to resolve their oil dispute. Register Now The proposed company would be technically and administratively linked to the Kurdistan Regional Government and the federal oil ministry, Ihsan Ismaael told the state-owned Iraqi News Agency Oct. 13. There is a positive understanding between Erbil and Baghdad regarding the production and exports of Kurdish oil as part of ongoing negotiations over the region's oil policy.
  8. Baghdad announces ‘historic deal’ with KRG over Iraq’s Sinjar BY DAILY SABAH WITH AGENCIES ISTANBUL POLITICS OCT 09, 2020 7:44 PM GMT+3 The Iraqi government Friday announced that Baghdad had reached a “historic deal” with the Kurdistan Regional Government (KRG) over the governance and security of Sinjar, according to Prime Minister Mustafa al-Kadhimi’s spokesperson. Ahmed Mulla Talal said in a Twitter statement that Kadhimi had “sponsored a historic agreement which will bolster the federal authority in Sinjar as per the constitution in terms of governance and security.” The deal “ends the authority of intruding groups and paves the way for the reconstruction of the city and the full return of its people in coordination with the Kurdistan Regional Government,” he added. The KRG has previously called the presence of groups such as the PKK terrorist organization in Sinjar unacceptable and has urged the militants to leave the area. Sinjar falls within an area disputed between the central government in Baghdad and the KRG, based in Irbil, according to Article 140 of the Iraqi constitution. The announcement came following a meeting between representatives from both parties. "It's a good agreement, and we had a good meeting with the Iraqi prime minister in the presence of parties from the U.N. and Iraq," KRG Interior Minister Reber Ahmed told KRG-based news outlet Rudaw, adding that the agreement would help displaced families return to their homes. The PKK terrorist group managed to establish a foothold in Sinjar in mid-2014 on the pretext that it was protecting the local Yazidi community from Daesh. Since then, the PKK has reportedly established a new base in the area for its logistical and command-and-control activities.
  9. Kurdish PM: three months agreement with Baghdad Kurdistanmasrour barzani 2020-08-24 21:29 Kurdish PM: three months agreement with Baghda Shafaq News / The Prime Minister of Kurdistan, Masrour Barzani announced today, Monday, that the government made a financial agreement with Baghdad for a period of three months. Barzani said in an interview with Kurdish media, that the agreement with the federal government is currently for a period of three months only, after that, a comprehensive agreement on the budget will be reached.” Regarding the disputed areas between Baghdad and Kurdistan, Barzani said that the dialogue is continuing to fill the security vacuums and confront ISIS while efforts are being made to implement Article 140 of the disputed areas. "It is the first time that a delegation from Kurdistan participates with the Iraqi delegation in the Washington, where dialogue took place about the internal Iraqi situation," he said. Masrour Barzani confirmed that he sent a letter to US Secretary of State Mike Pompeo included the the region's intention to continue dialogue with the federal government to reach solutions to all outstanding issues. The prime minister said, "We live in a region full of problems, and our most important one is the lack of unity, and many political parties seek to preserve the constitutional entity of the region, but unfortunately there are some parties that work otherwise." Regarding the Corona virus, Masrour Barzani asserted that "the region’s authorities were the first to take many measures to protect citizens, but unfortunately some parties are manipulating the lives and safety of citizens and turning it into a political issue."
  10. US urges Baghdad to reach budget deal with KRG Laurie Mylroie | 2 hours ago Share share Iraq's Foreign Minister Fuad Hussein (left) speaks during a press conference with US Secretary of State Mike Pompeo at the State Department in Washington, DC on Aug. 19, 2020. (Photo: AFP/Mandel Ngan) Iraq United States KRG Kurdistan Erbil Baghdad Relations WASHINGTON DC (Kurdistan 24) – Senior officials at both the State Department and the White House made clear that a US priority in the visit to Washington of Iraqi Prime Minister Mustafa al-Kadhimi is to promote improved relations between Baghdad and Erbil, and, above all, to see the two parties reach a budget agreement. “I urged Baghdad to clinch a budget deal with the Kurdistan Regional Government,” US Secretary of State Mike Pompeo said in a joint press briefing on Wednesday morning with Iraqi Foreign Minister, Dr. Fuad Hussein, a Kurd who was previously Chief of Staff to Masoud Barzani, long time president of the Kurdistan Region, until stepping down in 2017. Following a meeting between Pompeo and Kadhimi later that day, State Department Spokesperson, Morgan Ortagus, stated that Pompeo had stressed “the urgent need for a budget agreement with the Kurdistan Regional Government.” Similarly, a senior administration official speaking to journalists on Wednesday afternoon, explained in introductory remarks to journalists, that an important topic of discussion would be Iraq’s “relationship with the Kurdistan Regional Government (KRG) to ensure that that contract remains viable.” Kurdistan 24 subsequently asked, if he could be more specific, and he began his response by citing Iraq’s constitution—adopted in 2005, two years after the US-led overthrow of Saddam Hussein’s regime. US: Iraqi Constitution is Crucial “In the end, you know, the constitution is the basis and the contract between Iraq’s people and its government,” this senior administration official stated. “There are a number of provisions regarding the relationship between Baghdad and the Kurdistan Regional Government, and we’re keen to see those fulfilled.” “We understand they’re not easy,” he continued. “We are, and we have been willing and able to assist in the process to do that.” Iraq’s constitution is a very liberal document, guaranteeing the equality and rights of all citizens. It embodies concepts that are alien to Iraq’s long history of authoritarianism. In their disputes with Baghdad, Kurdish officials often appeal to the rights stipulated to the Kurdistan Region in the constitution. Thus, a publicly stated US determination to insist on adherence to the Iraqi constitution will certainly be welcome in Erbil. Under the Obama administration, Washington tended to defer to Baghdad on such matters, even as Iran’s influence in Iraq was growing. That was easier than standing up to Baghdad’s abuse of the Kurds, and it was consistent with the Obama administration’s desire to reach a broader understanding with Tehran. That policy essentially continued for the first year of the Trump administration, while Rex Tillerson was Secretary of State. Under Pompeo, it has been evolving, until it has reached this point: the Iraqi constitution—and its protections for Kurds and other minorities—must be respected. “Our most acute conversation point in this visit is to make sure that the resources available to the Baghdad central government also find their way to the KRG,” the senior administration official continued, as he responded to the question from Kurdistan 24. “So there is an agreed-upon distribution of resources, and the KRG is part of that equation,” even as “we understand that the budget crisis,” driven by the coronavirus pandemic and the drop in oil prices, “is significant,” he added. “Nonetheless, it is important, from our view, that Iraq continues to provide the support and assistance that the KRG needs, as it does to other regions within Iraq. So that is our primary concern,” he concluded, as he also noted that such funding was crucial for another administration priority: the return of refugees and displaced persons to their homes. On Saturday, just before the Iraqi delegation left for Washington, Kurdistan Region Prime Minister Masrour Barzani announced that a partial budget agreement had been reached between Baghdad and Erbil.
  11. Chevron Pursues Exploration Deal in Iraq U.S. oil major could unveil pact with Baghdad on sidelines of White House visit Isabel Coles Aug. 17, 2020 11:16 am ET Chevron Corp. is in talks to invest in one of Iraq’s large oil fields, according to people familiar with the situation, providing a vote of confidence in the country’s energy industry despite years of instability and start-and-stop foreign investment. Chevron and the Iraqi government tentatively plan to sign a memorandum of understanding to develop one of Iraq’s large oil fields in the south of the country.
  12. Al-Hakim to support Baghdad-Erbil agreement under on conditions Iraq NewsAl-Hakim 2020-08-17 09:11 Shafaq News / The coalition of "Iraqioon" led by Ammar al-Hakim announced its support for any agreement reached between the Kurdistan Regional Government and the federal government to resolve differences and outstanding issues. A statement issued by the leadership of Iraqioon said today, Monday, that it held a meeting headed by, Ammar al-Hakim, and discussed the topics of early elections, the visit of Prime Minister to Washington, unifying the media speech, in addition to discussing the relationship between Baghdad and Erbil. The statement added that the meeting confirmed the importance of preparing for just elections away from political money or weapons, in addition to completing the procedures related to the House of Representatives, such as the election law and the Federal Supreme Court role. With regard to Al-Kadhimi's visit to Washington, the meeting stressed the importance of opening up Iraq to everyone and establishing the best relations based on common interests, mutual relations, respecting the sovereignty of Iraq and refusing to make it a starting point or a pathway to threaten regional security or neighboring countries. Regarding the relationship between Baghdad and Erbil, the meeting affirmed their support for any agreement insuring the benefit of all Iraq components. The statement also declared that any dialogues between the federal government and the regional government should base on the Iraqi constitution.
  13. " Thanks for these great Articles Englishman...here's hoping...RON". Your welcome Ron. It would be nice if just one day someone will post " deal done & signed, all issues resolved in full, on the conclusion of the new oil & gas law which has come into effect. One day eh!!
  14. KRG PM BARZANI ANNOUNCES 'PARTIAL RESTORATION' OF PAYMENTS FROM BAGHDAD AMOUNTING TO 320BN IQD 9 Hours ago SULAIMANI — Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani announced in a late-night tweet on Sunday (August 16) that Iraq’s federal government has agreed to resume limited budget transfers four months after it cut payments in response to the KRG’s failure to live up to its obligations under the 2019 Federal Budget Law. “After a call with [Prime Minister Mustafa al-Kadhimi] today, I am pleased to announce that Baghdad has agreed to pay IQD 320bn [$268.2 million] monthly as a partial restoration of our share of the federal budget,” Barzani said in a tweet that included his personal initials. “We are in agreement on both parties’ constitutional rights and duties, and dialogue will continue,” he added. While far from resolving the KRG’s significant financial difficulties, it will likely be seen as a welcome development for the cash-strapped government, the Kurdistan Region’s investors, and its beleaguered public sector workforce. Under the terms of the 2019 Federal Budget Law, the Region is supposed to receive 12.67 percent of the budget, in return for transferring 250,000 barrels of crude oil per day to Iraq’s oil marketer for export. The KRG never sent any oil, but the federal government was nevertheless obligated to send money monthly to pay for public sector salaries under a provision of the law and did so for fifteen months. The timing of Baghdad’s decision to cut off budget transfers in April came at a time of acute economic pain for the Region, which was facing the collapse of global oil prices and the effects of the coronavirus pandemic, giving the federal government significant leverage to seek a comprehensive budget agreement that would resolve many of the long-running disputes that have plagued relations between the two capitals. During the spring, federal and KRG negotiators met several times, but have not held face-to-face talks since late-June, with a scheduled trip scrapped in July. Nevertheless, discussions continued, with control over the customs procedures at the Region’s crossings with Iran and Turkey taking on increased prominence amid Kadhimi’s push to reassert centralized state control over Iraq’s border points and reduce smuggling and revenue expropriation by political parties, tribes, and militias. Barzani did not reveal details of the agreement in his tweet or whether concessions were made related to the customs issue. For many in the Kurdistan Region, however, the news raises hopes that they will be paid this month. Since February, Erbil has only paid public servants twice: in May and in July, when it cut nearly a quarter of the take home pay of employees making more than 300,000 Iraqi dinars ($251) per month. The government is the Region’s most important employer, supplying the incomes of hundreds of thousands of people. Erbil’s failure to live up to its obligations has sparked several rounds of protests and labor strikes, in particular by doctors and traffic police. It is estimated that the KRG requires 894 billion Iraqi dinars ($749.3 million) to pay its public sector wage bill, about half of which, 452 billion dinars, had been supplied by Baghdad before April. The 320 Iraqi dinar figure is a significant reduction from that level, suggesting that much remains to be done before a comprehensive budget agreement can be reached between Erbil and Baghdad. Beyond what it owes to its people, the KRG also carries significant foreign and domestic debt and has delayed payments to international oil companies operating in the Kurdistan Region. The newly announced infusion is far from sufficient to pay the government’s full obligation, but the cash and the prospect of further talks will take some of the pressure off for now.
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