Kurdish MP In Baghdad: Erbil – Baghdad Oil Issue Resolved !

[DinarThug]

CNN. Broadcasting My Number One New Years Resolution ...

 

 

 

Kurdish MP in Baghdad: Erbil – Baghdad Oil Issue Resolved
Exported Kurdish oil will be measured annually, not daily

Basnews | Biryar Koyi views
01.02.2015 16:27

A Kurdish Member of the Baghdad Parliament says that recent issues with the agreement between the Kurdistan Regional Government [KRG] and Iraqi federal government have been resolved.

MP Najiba Najib told BasNews, “Over the last week, there have been some disagreements about how to measure the amount of oil to be exported by the KRG through the State Oil Marketing Organization [sOMO] mechanism. However, the original agreement of 550,000 barrels per day [bpd] remains in place”.

“The State of Law Coalition in the Iraqi parliament wanted exports to be registered daily rather than annually but they failed to get this through the 2015 budget.”

“The Iraqi budget will measure exports annually. So, the KRG shall export oil and Baghdad will send the region its share of the budget,” said Najib.

The KRG will not be able to export 300,000 bpd from Kurdistan oil and 250,00 from Kirkuk through SOMO for a few months, until it honours debts to oil companies.

Once the debts are settled, the KRG can address the shortfall of previous months, working within the agreement of annual measurement.

http://basnews.com/en/economy/2015/02/01/kurdish-mp-in-baghdad-erbil-baghdad-oil-issue-resolved/

 

[moneysoon]

Here Here!!!

[kwg]

That is a good one Thug!!!!!!

[Wiljor]

Way to go Thugs, keep em rollen in. Much appreciated

[fishing]

Maybe it our time, but going to stay grounded for now! good one Thug.

[Cynthia AH]

Thx Thug!

[aliciadogz]

Thanks Thuggie Sweetie pie!

[DinarThug]

He explained that "the adoption of the law does not require a lot of time

 

 

and thus there is no delay will happen when approval. " 

 

(Located 2/3rds Of The Way Down)

 

 

 

 

 

(by walkingstick)

Efforts to amend the draft oil and gas law
FEBRUARY 1ST, 2015
of Baghdad Najla Salahuddin: 

plans for the oil and energy parliamentary, resolving the enactment of the oil and gas law after amendments to the draft, while the Legal Committee of Parliament stressed the need to start legislation of the law. 

He said the Oil and Energy Committee member Ibrahim Bahr al-Ulum , in an interview with "New Morning", "The oil and gas law needs to be major changes as drafted written since 2006, and during this period we have seen a lot of developments that must be observed when the enactment of the law." 

And that "the developments of lower oil prices in the global market, as well as resolving differences between Baghdad and Erbil on the export of oil. " 

The MP pointed out the mass citizen, a former oil minister, that "there is a joint committee of the Council of Ministers and the Commission on oil and energy parliamentary to amend the law in accordance with the recent events in the country," stressing "the need to accelerate the completion of the draft law by the government for the purpose of the legislation, because the country is currently undergoing a vacuum legal concerning oil and gas."

He suggested Bahr al-Ulum, "the revival of the National Company for Oil Marketing Organization (SOMO), and granted some concessions, for example, the proportion of oil revenues as an incentive encouragement" . 

, calling for "a road formulated according to good regulatory framework map so that they are beginning to remove all the problems and obstacles the future."

comes these endeavors against the backdrop of an agreement between the governments in Baghdad and Erbil on the export of 250 thousand barrels per day from the Kurdistan region of oil and 300 thousand barrels per day of oil Kirkuk, and a commitment to be exported via the SOMO. 

For its part, the Legal Committee of Parliament, confirmed that "there are a number of economic laws will go in the Council of Representatives of legislation in the next phase," stressing "the need to begin legislation oil and gas law." 

said committee member Mohsen al-Sadoun , in an interview with "New Morning", that "there are laws set we need it in the next stage, and committees of economy and investment, and services Alniabaten laws for the development of important projects come benefit the Iraqi people and to supply the budget money." 

He stressed the Kurdistan Alliance MP "start legislation oil and gas law, being the most important requirement to regulate the relationship between the federal government and the Kurdistan region. " 

He explained that "the adoption of the law does not require a lot of time, because obstructive President of the law is the difference between the center and the region, and this dispute is over," he said, adding that "the atmosphere in the House of Representatives good to pass law, and thus there is no delay will happen when approval. " 

But the economic and investment commission member of the parliamentary Nora Albjara, confirmed "there are substantial differences between the political blocs to prevent the adoption of the oil and gas law, including the distribution of oil revenues among the provinces mechanism." 

revealed in an interview with the "morning The new ", that" the controversial problems between the blocks lie in granting oil-producing provinces larger share than others, as well as oil export mechanism. " 

stressed MP for coalition forces of Iraq, that "there is an economic technical committee in the Council of Ministers shall review the draft oil and gas law, and make adjustments where necessitated it. " 

They pointed out that "the government is trying to invest the current positive atmosphere to address the obstacles that hinder the enactment of the oil and gas law," asserting that the law "will end the problems with the Kurdistan region and local governments of the provinces of oil-producing and those that may get in the future, as well as that Adoption of the law from within the document the government program items. "

http://www.newsabah.com/wp/newspaper/36112

[wildeman]

Thanks Thug.  

[chinadawg]

we are as good as in the bank, standing at the front door waiting for the manager to unlike and lets us in............think i will have another cigar while we patiently wait...

[captl1]

Thanks Thug! Great find.

[1lucdog]

One More thanks Thug!

[Laid Back]

HCL signed and sealed .!!

Go CBI

Go Dinar

Go Strong $1.13:1

[nfire]

I like that it will be implemented right on approval

[DinarThug]

I like that it will be implemented right on approval

Right On !

[WheresmyRV?]

Great find Thugster! ! This is gonna be a good week.

[ChuckFinley]

I think that they are finally getting serious about getting their country stright. The question now becomes if we are getting it so will those out side investors who may want to take a position in the the dinar. Hmmmmmmmmm. Things are about to get interesting.

Thanks Thug.

[drj]

we are as good as in the bank, standing at the front door waiting for the manager to unlike and lets us in............think i will have another cigar while we patiently wait...

 

I am with you!   Budget...DONE....HCL...Looks like it's done with this article!...BOOM!  RV!

[MyLadiesDaddy]

Wow Thugs 

 

this motha truka sure is thankful for all you do.

 

We be Elee   

[BUSHMAN]

Thanks I like it