Baghdad ‘cannot afford’ KRG oil dues

[SoGrateful]

Talks to finalise agreement between Iraqi and Erbil administration fail to fine resolution as money runs tight

Authorities in Iraq and the country’s northern Kurdistan region have failed to reach a permanent deal over oil payments and exports following a one-day meeting in Baghdad.

The delegation from the Kurdistan Regional Government (KRG) said it “became apparent” during two meetings on Monday, that “the Iraqi government is unable to pay” for the Kurdistan region’s share of oil for January and February.

This is due to “the financial crisis in Iraq and the lack of liquidity” in the country, the KRG said in a statement on its website.

“The two sides agreed to continue holding further talks in order to find an appropriate solution to the situation,” it continued.

Baghdad and the KRG in early December took a major step towards ending a long-festering oil dispute by agreeing to crude exports from the autonomous region in return for a share of the federal budget.

It committed the KRG to exporting 300,000 barrels per day of oil from the giant Kirkuk field via a pipeline running through Kurdish territory to Turkey. A further 250,000 bpd will come from oilfields in the autonomous region.

The Erbil administration continued on Monday: “Regarding the implementation of the December agreement, the KRG delegation presented a timetable for the export of oil from the Kurdistan Region, which was accepted by the Federal Government of Iraq.”

It failed, however, to provide any details on the timetable that was presented.

“Both sides reaffirmed their commitment to the agreement, while working to settle the immediate problem facing the agreement due to the financial crisis that affects whole of Iraq,” the KRG said.

 

http://www.upstreamonline.com/live/1391724/baghdad-cannot-afford-krg-oil-dues

 

 

[dontlop]

Great

A record budget passed , the budget is based on 55 dollars a barrel or what ever

Now they don't just distribute the money they took in from the oil sales equally and say they don't have it

Lol

its called a budget if the kurds met their end of the bargain , which they didn't , but if they did , they should get their pay

And if they can't meet their end of the bargain maybe they should step out of the way

My this is really screwed up big time

[Texstorm]

This is not a problem....they just need to pump more oil !  Iraq has been in financial crisis for years and years, now they got their new government seated, HCL will be passed and the flood gates will open for foreign investment opportunities, infrastructure will prosper and they will rise to the top. We didn't send the cavalry back in to let them fail. They are moving at record pace have patience and quit listening to the negative articles. And thanks SG

[dontlop]

Your right tex and the oil prices need to go back up

If not they need to expand the private sector in order to pay for the things they choose to do

[Texstorm]

Agreed ! 

[vietnam1969]

Baghdad just needs to put their money where their mouth is and deliver what they said or be honest up front about their money situation. JMO.

[dontlop]

It's just time consuming

They should finish that jordan pipeline finish the port

The problem is

The Kurds want to control the oil in the north , so if they do the govt expects so much production out of them

If they can't produce it , I'm afraid the federal govt may need to step in and take control over the situation

They kurds are admitting they aren't producing the agreed amount of barrels per day , the govt doesn't get as much per barrel to support the economy in iraq

Eventually both sides should be able to achieve their goals

If the Kurds aren't getting their money then no one else must be either , it's a budget problem

The shittes don't have a barrels per day quota because the federal govt runs things there

The Kurds would be better off letting the Feds run the show and the Kurds concentrate on their private sector

If the Kurds aren't controlling the oil and the Feds are , that doesn't mean the kurds are out of the budget

It just means the Feds control the oil and the Kurds still get its share of the budget

It is my opinion that the kurds think that oil belongs to them, well , it does , a certain part of it does , the rest is owned to the rest of the Iraqis equally

They should opt for the same deal that the shittes get and move on

It's a bunch of crap for nothing and it's been in my opinion the worst drag on the iraqi economy for years

Who knows how many barrels a day they would be producing right now in the north of the Feds took over 5 years ago

And how big the private sector would be if the Kurds had been concentrating on the private sector for the last 5 years

Instead of looking for ways to control something that doesn't belong to them

Give it up already and get a job

[TrinityeXchange]

life was so much easier before transparency and budgets LOL!

 

'If this were a dictatorship it would be a heck of a lot easier... as long as I'm the dictator. Hehehe.' - George Bush

[sandfly]

THANKS

[Boozer]

Look for $60 a barrel Then things will change

[wzrdmastr]

I was wondering if this article is good or bad.  That they (Baghdad) dont have enough money to pay Kurdistan for their share of oil is a bad thing, but it also says that everyone at the table is committed to the oil deal. 

 

Barzani said during a press conference after his meeting with PM Haider al-Abadi in Baghdad, attended by IraqiNew.com, “The process of exporting oil has been clarified to the officials; they acknowledged that the region is committed to the agreement signed between the two sides,” noting that, “The Iraqi government does not have the sufficient funds to pay to Kurdistan because Iraq is currently suffering from an economic crisis due to global oil prices drop.”

 

Looking for all opinions......

 

http://www.iraqinews.com/features/barzani-baghdad-doesnt-sufficient-funds-kurdistans-share-committed-oil-convention/

from a different article:

 

An informed source said on Sunday evening that the meeting held in Baghdad between the central government and the Kurdistan region had ended without result, pointing out that the Kurdish delegation had left for Erbil

 

PM Haider al-Abadi’s office announced on Sunday that the delegations of the center government and Kurdistan had held a meeting under the chairmanship of Abadi and president of the Kurdistan Regional Government Nechirvan Barzani to discuss the recent oil agreement between Baghdad and Erbi

 

Barzani stated after the meeting that the current Iraqi government does not have sufficient funds to implement the oil agreement because of the effect of global oil prices drop on Iraq’s economy, indicating that Baghdad and Kurdistan are committed to it and there are no conflicts problem between the two parties

 

Noteworthy, the Kurdish negotiating delegation, headed by Barzani, arrived on Sunday to Baghdad to meet with the central government officials to discuss the issue of oil exports and a number of other leading issues

 

---

 

Barzani: Baghdad doesn’t have sufficient funds for Kurdistan’s share, we’re committed to oil convention

 

(IraqiNews.com) On Sunday, the head of the Kurdistan Regional Government Nechirvan Barzani announced, that the current Iraqi government does not have sufficient funds to implement the oil agreement due to the effect of oil prices drop on Iraq’s economy, pointing out that Baghdad and Kurdistan are committed to it and there are no conflicts between the two sides.

 

Barzani said during a press conference after his meeting with PM Haider al-Abadi in Baghdad, attended by IraqiNew.com, “The process of exporting oil has been clarified to the officials; they acknowledged that the region is committed to the agreement signed between the two sides,” noting that, “The Iraqi government does not have the sufficient funds to pay to Kurdistan because Iraq is currently suffering from an economic crisis due to global oil prices drop.”

 

Barzani added, “Kurdistan and Baghdad are committed to the oil convention between them and there are no conflicts,” explaining that, “The region is committed to the export of 550 000 barrels of oil, according to the agreement signed.”

 

PM Haider al-Abadi’s office announced Sunday that the delegation of the center and the region had held a meeting under the chairmanship of Abadi and president of Kurdistan Nechirvan Barzani to discuss the recent oil agreement between Baghdad and Erbil.

 

The Kurdish negotiating team headed by Barzani arrived in Baghdad on Sunday to meet with the central government officials and discuss the issue of the oil exports and a number of other leading issues.

[tlars brother]

this is all just smoke, relax

[dontlop]

Baghdad just needs to put their money where their mouth is and deliver what they said or be honest up front about their money situation. JMO.

You do know the kurds are part of baghdad just like the rest of the provinces

But I agree it seems like the same ole govt but with less money

Who made this deal with the Kurds ? I agree they should be honest when making these agreements