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The Kurdistan Regional Government proposes a "radical solution" to resolve the oil and gas file with Baghdad


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ERBIL — The Council of Ministers of Kurdistan Regional Government (KRG) will discuss the outcomes of the latest talks with the federal government of Iraq on oil management disputes. 

The Council will hold a weekly meeting on Wednesday to also discuss a range of other topics, a press release by the KRG said. 

Earlier this week, a high-ranking delegation from Erbil visited Baghdad where they met with Iraqi oil minister to discuss KRG’s oil management in the aftermath of a recent ruling by the Iraqi Supreme Federal Court. 

Following the meeting, Iraq’s oil ministry said they had proposed the establishment of a new oil company, with its headquarters being in Erbil, to reorganize oil and energy management in the Kurdistan Region. 

“The company would open a bank account at an international bank and the revenues from selling oil from the Kurdistan region will be directly transferred into the Iraqi finance ministry," the media office of the Iraqi oil ministry said in a statement last Monday.

“Iraq's oil minister stressed on the basic principles that were previously suggested by the oil ministry regarding managing the oil dossier in the Kurdistan region, that includes reviewing and amending all contracts that were signed by the KRG with the international oil companies," the statement added.

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ERBIL — The Kurdistan Regional Government (KRG) has reiterated its commitment to contracts it has signed with international oil companies until a final agreement with the Iraqi federal government is reached, an official statement said on Wednesday.

PM Barzani on Wednesday chaired a meeting of the Council of Ministers to discuss a number of issues, including a recent visit of a KRG delegation to Baghdad for talks on oil disputes.

Erbil will continue its negotiations with Baghdad in efforts to reach an agreement on the dossier of oil and gas, the Council of Ministers said, noting that a final agreement between the sides is yet to be reached, but that the talks will continue.

The council reaffirmed that the KRG is seeking a permanent solution to the oil-related disputes.

During the meeting, the Council of Ministers also approved a draft in light of Law No. 14 of 2021, which aims to reorganize the procedures for obtaining trade names and registration in the commercial registry.

For the first time since the Iraqi Federal Court ruled against the oil and gas sector of Kurdistan Region, a high-level KRG delegation visited Baghdad earlier this week and held a meeting with Iraqi Oil Minister Ihsan Abdul-Jabbar.

Following the meeting, Iraq’s oil ministry said they had proposed the establishment of a new oil company, with its headquarters being in Erbil, to reorganize oil and energy management in the Kurdistan Region.

“The company would open a bank account at an international bank and the revenues from selling oil from the Kurdistan region will be directly transferred into the Iraqi finance ministry," the media office of the Iraqi oil ministry said in a statement last Monday.

“Iraq's oil minister stressed on the basic principles that were previously suggested by the oil ministry regarding managing the oil dossier in the Kurdistan region, that includes reviewing and amending all contracts that were signed by the KRG with the international oil companies," the statement added.

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"The KRG will continue to negotiate with the federal government to reach an agreement on the oil and gas dossier that reserves everyone's interests," Kurdistan Region Prime Minister Masrour Barzani, who chaired Wednesday's meeting, said in a Facebook post. "Meetings and talks have continued, but no final agreement has been reached yet."

Barzani emphasized that the KRG believes the permanent solution for this dossier is to legislate the Iraqi oil and gas federal law mentioned in the Iraqi constitution. 

"The KRG reaffirms its commitment towards the oil companies until reaching a final agreement, according to the constitution, under which the rights of all sides are protected," he said. 

On Monday, a ministerial-level KRG delegation arrived in Baghdad and met with the Iraqi Minister of Oil, Ihsan Abdul-Jabbar. It was the first time a KRG delegation visited the Iraqi capital since the Iraqi Federal Supreme Court ruled against the autonomous region's oil and gas law. 

This week, the Iraqi side already made proposals to the Kurdish delegation, including opening a bank account for the Kurdish oil revenues and establishing an oil company headquartered in Erbil.

The KRG delegation is expected to return to Baghdad in the "coming days," a Kurdish media official announced on Tuesday. 

Prime Minister Barzani, on multiple occasions, has firmly rejected the court's ruling, describing it as "unconstitutional." Nevertheless, he has said that his government is willing to make agreements with Baghdad based on the constitution. 

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The Kurdistan Regional Government proposes a "radical solution" to resolve the oil and gas file with Baghdad
 

Baghdad - people  

The Kurdistan Regional Government announced, on Wednesday, the continuation of negotiations with Baghdad to reach an agreement on the oil and gas file, noting that the radical solution to this file lies in the adoption of the federal oil and gas law.  

  

 

  

A statement issued by the regional government, followed by "Nass" (April 13, 2022), said that "the Council of Ministers of the Kurdistan Region held its regular session today, Wednesday, April 13, 2022, headed by Prime Minister Masrour Barzani and in the presence of Deputy Prime Minister Qubad Talabani, and discussed a number of issues. listed on its agenda.  

  

He added, "At the beginning of the meeting, the Deputy Prime Minister briefed about the visit of the Kurdistan Regional Government delegation to Greece and its participation in the Delphi Economic Forum and its meetings with senior Greek officials, and indicated that the Greek government expressed its willingness to cooperate with the Kurdistan Region in various fields, especially in In the tourism and investment fields, he said, "A high-ranking Greek delegation is scheduled to visit the Kurdistan Region to work on consolidating relations."  

  

And he continued, "In the first axis of the meeting, the Minister of the Region for Negotiations with the Federal Government, Khaled Shwani, touched on the visit of the delegation of the Kurdistan Regional Government to Baghdad this week and its meeting with the Federal Ministry of Oil."  

  

He continued, "After discussions and deliberations, the Council of Ministers commended the delegation and directed it to continue negotiations. It also stressed the constitutional rights and powers of the Kurdistan Region and its defense within the framework of the Iraqi constitution. In light of this, the Kurdistan Regional Government will continue to negotiate with Baghdad to reach an agreement on the oil and gas file." In the public interest, while meetings and negotiations are still going on, and no final agreement has been reached.  

  

The statement added, "As the Kurdistan Regional Government considers that the radical solution to this issue lies in approving the federal oil and gas law as stipulated in the constitution, it renews its legal obligations towards the oil companies operating in the region, until a final agreement is reached in the light of the constitution in a way that protects the rights of all parties and achieves the highest benefit for the people.  

  

In the second paragraph of the meeting’s agenda, the Council of Ministers discussed, according to the statement, the follow-up to the work mechanism within the joints of the Kurdistan Regional Government to improve government work, enhance coordination between ministries and government institutions, end red tape, follow up on ministries’ demands and needs and address them to develop public services provided to citizens and meet their demands and needs.  

  

In the third paragraph of the agenda, the Council of Ministers approved the draft (the system of the trade name and commercial registry in the Kurdistan region) in light of Law No. (14) of 2021, which aims to reorganize the procedures for obtaining trade names and registration in the commercial registry and identifying the concerned party. The Ministry of Trade and Industry of the regional government, which will provide facilities to merchants and business owners in addition to benefiting from information technology and granting unique numbers to merchants in order to facilitate the conduct of transactions, reduce red tape and encourage commercial activity, according to the statement.  

  

He pointed out that "in another part of the meeting, the Council of Ministers decided to approve (the new bill for the Ministry of Municipalities and Tourism in the Kurdistan Region), which was submitted by the Minister of Municipalities and Tourism Sasan Awni. According to the reasons for preparing the bill, the new law aims to make the ministry able To respond to the process of developing and expanding cities and towns in the region, and to meet the demands and needs of citizens.  

  

And he indicated, "The draft law includes organizing the new structure of the ministry in departments, directorates, municipal and tourist institutions in governorates, independent departments, districts and sub-districts, at the level of the ministry's goals and activities, taking advantage of ten years of experience during the implementation of the current law, and it was decided that the project would be referred to Kurdistan Parliament to legislate it.”  

  

The statement concluded by saying, "After that, the Council of Ministers approved the proposal of the Minister of Agriculture and Water Resources, Bekard Talabani, regarding raising fees, taxes and customs on importing livestock during the month of Ramadan due to the high prices of red meat in the region's markets."  

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 2022-04-13 13:04
 

Shafaq News/ The Kurdistan Region Council of Ministers confirmed, on Wednesday, during its regular session, the continuation of negotiations with the federal government, with emphasis on the constitutional rights of the region, noting that the radical solution to the oil and gas issue lies in the adoption of the Federal Oil and Gas Law.

The Council held its regular session headed by Prime Minister Masrour Barzani and in the presence of Deputy Prime Minister Qubad Talabani, and discussed a number of topics on its agenda, according to a statement received by Shafaq News Agency.

At the beginning of the meeting, the Deputy Prime Minister briefed about the visit of the delegation of the Kurdistan Regional Government to Greece and its participation in the Delphi Economic Forum and its meetings with senior Greek officials,” noting that “the Greek government has expressed its willingness to cooperate with the Kurdistan Region in various fields, especially in the two fields.” tourism and investment.

He said, "A high-ranking Greek delegation is scheduled to visit the Kurdistan Region to work on consolidating relations."

In the first axis of the meeting, the Minister of the Region for Negotiations with the Federal Government, Khaled Shwani, touched on the visit of the delegation of the Kurdistan Regional Government to Baghdad this week and its meeting with the Federal Ministry of Oil.

After discussions and deliberations, the Council of Ministers commended the delegation and directed it to continue negotiations. It also stressed the constitutional rights and powers of the Kurdistan Region and its defense within the framework of the Iraqi constitution.

In light of this, the Kurdistan Regional Government will continue to negotiate with Baghdad to reach an agreement on the oil and gas file in the public interest, while meetings and negotiations are still continuing, and no final agreement has been reached.

As the Kurdistan Regional Government considers that the radical solution to this issue lies in the adoption of the Federal Oil and Gas Law as stipulated in the Constitution, it renews its legal obligations towards the oil companies operating in the region, until a final agreement is reached in the light of the constitution in a way that protects the rights of all parties and achieves the highest benefit to the people.

In the second paragraph of the meeting’s agenda, the Council of Ministers discussed following up the work mechanism within the joints of the Kurdistan Regional Government to improve government work, enhance coordination between ministries and government institutions, end routine, follow-up on ministries’ demands and needs, and address them to develop public services provided to citizens and meet their demands and needs.

In the third paragraph of the agenda, the Council of Ministers approved a draft (the system of trade name and commercial registry in the Kurdistan Region) in light of Law No. (14) of 2021, which aims to reorganize the procedures for obtaining trade names and registration in the commercial registry and determining the concerned party. The Ministry of Commerce and Industry of the regional government, which will provide facilities to merchants and business owners in addition to making use of information technology and granting unique numbers to merchants in order to facilitate the conduct of transactions, reduce red tape and encourage commercial activity.

In another part of the meeting, the Council of Ministers decided to approve (the new draft law for the Ministry of Municipalities and Tourism in the Kurdistan Region), which was submitted by the Minister of Municipalities and Tourism Sasan Awni.

According to the reasons for preparing the draft law, the new law aims to make the ministry able to respond to the process of developing and expanding cities and towns in the region, and to meet the demands and needs of citizens.

The draft law includes organizing the new structure of the ministry in the departments, directorates, municipal and tourist institutions in the governorates, independent administrations, districts, and sub-districts, at the level of the ministry’s goals and activities, taking advantage of ten years of experience during the implementation of the current law, and it was decided that the project would be referred to the Kurdistan Parliament for legislation.

After that, the Council of Ministers approved the proposal of the Minister of Agriculture and Water Resources, Bekard Talabani, regarding raising fees, taxes and customs on importing livestock during the holy month of Ramadan due to the high prices of red meat in the region's markets.

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Kurdish representative warns the region against exporting oil without Baghdad's approval

iraq-news-810x456.jpg
 
News source / Dijla channel

The representative of the Kurdistan Islamic Union, Muthanna Amin, warned that the Kurdistan region would be subject to legal and financial accountability if oil was exported without Baghdad's approval.

Amin said in a statement that "Kurdistan's revenues would multiply several times if the region handed over its oil file, amended its oil contracts, and sold its oil at the price of Iraqi oil."

He added, "The region will face legal and financial accountability if oil is exported without the agreement with Baghdad, and the latter will file a lawsuit against him and the countries that deal with the oil of the Kurdistan Region."

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PM:01:56:14/04/2022

 

SULAIMNAI– The Kurdistan Regional Government (KRG) said it would continue its negotiations with Baghdad on its oil and gas sector "until a mutually acceptable agreement is reached."

The KRG's Council of Ministers held its weekly meeting in Erbil yesterday (13 April) to discuss the results of the first round of discussions between a senior KRG delegation and Iraqi Oil Ministry officials regarding the region's oil sector and the recent federal court's ruling.

The council "praised the delegation's visit [to] Baghdad recently, and tasked them with continuing discussions while stressing the importance of defending the Kurdistan Region's constitutional rights within Iraq," according to a statement published on the KRG's official website.

The first round of talks took place on 11 April between the Iraqi Oil Minister Ihsan Abdul-Jabar and a KRG delegation headed by KRG Minister for Liaison with Baghdad Khalid Shwani.

In a press conference following the meeting, Abdul-Jabar said that the KRG is sending the Oil Ministry all the contracts it has signed with IOCs to review and amend.

During the presser, Shwani said that "the meetings were characterized by frankness, as it was agreed to put in place mechanisms that could form a plan of action to address the issues of the oil sector in all its aspects in a radical way."

In February, the Iraqi Federal Court issued a verdict saying the independent sale of the region's oil and gas is unconstitutional. A decision rejected by the KRG.

The KRG's statement added that talks with Baghdad would continue until "a mutually acceptable agreement is reached" on the region's oil and gas industry.

Contractual obligations

On the issue of the validity of oil agreements between the KRG and International Oil Companies (IOCs), the KRG's statement said, "contractual obligations to oil companies currently engaged in the region will be fulfilled regardless."

This comes as Iraq's State Organization for Marketing Oil (SOMO) said on Monday (April 11) that it respects the federal court's decision on the unconstitutionality of the Kurdistan Region's oil contracts with IOCs.

SOMO added that it has expressed its position from the beginning and warned the IOCs who are dealing with the KRG without the permission of the federal government and the Oil Ministry that all contracts in the Kurdistan Region for the production and sale of oil are "unconstitutional and unlawful."

(NRT Digital Media)

 

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It certainly would be a " radical solution " if common sense should be employed instead of GREED.

This issue has gone far beyond the absurd. HOW MANY years have they gone round in circles regurgitating the same verbage, and yet where are they exactly ? :facepalm2:

Precisely ... I know, it was a rhetorical question.

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KRG to Streamline procedure for Company Registration

14th April 2022 - Iraq Business News By John Lee.
 

The Council of Ministers of the Kurdistan Regional Government (KRG) has approved a draft bill concerning company registration.

 

According to a statement from the KRG, the bill aims to streamline and simplify the process of registering new companies, with the aim of reducing bureaucracy and encouraging investment.

 

(Source: KRG)

Link: https://www.iraq-businessnews.com/2022/04/14/krg-to-streamline-procedure-for-company-registration/

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1 hour ago, Donziman said:

Horsesoldier, My feelings exactly. They have been kicking this can down the road for fifteen years. 

 

These folks are exhausting - just can't fathom the mixture of the downright determination behind blind greed, selfishness and outrageous stupidity at the cost that sacrifices the welfare of a nation & it's people.

 

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  • yota691 changed the title to KRG to Streamline procedure for Company Registration

ERBIL — The Kurdistan Regional Government (KRG) has rejected the proposal of establishing a new company owned by Iraq for management of Kurdistan’s oil, said an official on Friday. 

Abdul Hakeem Khasro, head of the KRG’s Department of Coordination and Follow-up, told Kurdistan 24 that Erbil has instead proposed to establish its own oil company to run the oil and gas sector in coordination with Baghdad. 

A high-ranking KRG delegation visited Baghdad recently to discuss the oil disputes and the Iraqi Supreme Federal Court’s ruling on Kurdistan Region’s oil industry. Following the meeting, the Iraqi Ministry of Oil proposed establishing ‘Kurdistan Region Oil Company’ under the control of Baghdad to manage Kurdistan’s oil production and exports. 

KRG, instead, proposes to establish Kurdistan Organization for Marketing of Oil (KOMO) under the control of Erbil which will be managing the industry in coordination with Baghdad to address the prolonged disputes. This company would be the equivalent of Iraq’s State Organization for Marketing of Oil (SOMO). 

Khasro further explained that the KRG is running its oil sector in light of 2nd Section, Article 112 of the Iraqi Constitution, and the Kurdistan Region’s Oil and Gas Law of 2007. This is while Iraq still administers its oil industry in accordance with a law from the previous regime. 

The official, however, emphasized that Erbil is committed to find a solution to the disputes with Baghdad, for which negotiations will continue until a suitable way out of these differences will be found. 

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KRG to continue Oil Negotiations with Baghdad

By John Lee.

The KRG's Council of Ministers held its weekly meeting on Wednesday, led by Prime Minister Masrour Barzani.

Referring to the recent round of discussions to resolve the dispute over oil sales between Erbil and Baghdad, the Council stressed the importance of continuing to defend the Kurdistan Region's constitutional rights within Iraq.

It added that negotiations with Baghdad will continue until a mutually acceptable agreement is reached concerning the Region's oil and gas industry.

With no final agreement having yet been reached, the Council added that, while they regard the situation as a violation of the Iraqi oil and gas law, contractual obligations to oil companies currently engaged in the Region will be fulfilled regardless.

 

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