The oil dispute puts Baghdad in front of “big” legal problems.. Billions of compensation for Erbil (details)

[6ly410]

 

 

ERBIL — The Kurdistan Region has begun official procedures to amend the Oil and Gas Law No. 28 of the year 2007 to restructure the Oil and Gas Council and its voting process. 

The amendment is proposed to the parliament by the Kurdistan Regional Government (KRG) to increase the number of the Council members from five to six, according to lawmakers. 

MP Khadija Omar, a member of the Legal Committee of the Parliament, told Kurdistan 24 that amending procedures require the first reading and the finalization of the law by the relevant parliamentary committees before the second reading of the draft. 

According to MP Sherko Jawdat, the amendment is not in relation with the recent rulings by the Iraqi Supreme Federal Court against Kurdistan Region’s energy industry. 

“The Council is responsible for the Kurdistan Region’s oil and gas policies. Therefore, there should be a balanced share of the three main parties in the government. They are planning to amend the law in order to maintain the balance between the parties in the Oil and Gas Council,” he explained. 

[Laid Back]

On 6/20/2022 at 1:22 PM, southbeach said:

Just curious why Kurds couldn’t do that in the first place

Because of GREED they make more money selling the oil directly bypassing the National Oil Company.

 

On 6/20/2022 at 3:45 PM, jake21 said:

All due respect Laid Back, but where did you see this and was it recent or what they were talking about over a year ago? 

They have been talking about this for many years.

[horsesoldier]

On 6/20/2022 at 4:22 PM, southbeach said:

Just curious why Kurds couldn’t do that in the first place

You'd think it would be a no brainer...and there in lies the issue... corruption & greed trumps common sense & cognitive brain 🧠 functions every time: or so it would seem over there.

[horsesoldier]

Just more wait & see. Difficult to get excited about something they've been running their yaps over for years & years and here we all are reading more of the same rehashed hash that's been rehashed.

[haden'sdad]

The 17%, is the amount that the Iraqi constitution states that the Kurds are to receive based on their population(HCL). I've been involved in this since 2010 I'm don't believe they've ever received the full 17%. Which is what the HCL calls for.

[Half Crazy Runner]

2 minutes ago, haden'sdad said:

The 17%, is the amount that the Iraqi constitution states that the Kurds are to receive based on their population(HCL). I've been involved in this since 2010 I'm don't believe they've ever received the full 17%. Which is what the HCL calls for.

I think you’re right. The only number I’ve seen over the years is 12.5%. 

[Goggles]

1 hour ago, haden'sdad said:

The 17%, is the amount that the Iraqi constitution states that the Kurds are to receive based on their population(HCL). I've been involved in this since 2010 I'm don't believe they've ever received the full 17%. Which is what the HCL calls for.

 

So while Bagdad never follows the constitution on what they pay the Kurdistan region, why not just take that oil that belongs to all of the people(including the Barzani family), and sell it for profit. Jerks for jerks. None of them are following the constitution. They need the HCL. But now that I'm saying this, what makes me think they will follow the HCL once legislated. 

[horsesoldier]

Well this amendment ought to take another 20 years... meanwhile, this will allow for continued thievery...go for it boys. 

[denster]

It would be nice if they would pass

The HCl , it always make me feel better to pass Gas.

[yota691]

The first oil company to withdraw from Kurdistan in implementation of the decisions of the Federal Court

 

 

2,409 Economy 2022/06/25 10:29 Baghdad today -

Baghdad Today, Saturday, the American company "Baker Hughes" decided to withdraw from the Kurdistan Region, in implementation of the Federal Court's decision that the oil and gas law in the Kurdistan Region was unconstitutional. A statement by the Supreme Oil Committee in Kurdistan, received by (Baghdad today), stated that "the American company informed it of its commitment to Federal Court Decision No. 59 of 2012 and the withdrawal, to be the first oil company to comply with the decisions of the Iraqi government and leave the Kurdistan Region." The Iraqi Oil Ministry had started a series of steps to implement the Federal Court’s decision regarding the Kurdistan region’s oil management file and make it the prerogative of the Iraqi government exclusively, after Erbil and Baghdad failed to reach an agreement formula that ends the crisis that has been going on between them for more than a decade, a demand from oil and gas companies operating in the region. Kurdistan has signed new contracts with the Iraqi Oil Marketing Company "SOMO" instead of the regional government, in a new attempt to control revenues from the region. Baker Hughes is a global industrial services company and one of the largest oilfield services companies in the world. It provides the oil and gas industry with products and services for well drilling, production and reservoir consulting. The company operates in more than 120 countries, has 60,000 employees, and has an estimated capital of $38 billion. The company is currently investing in gas associated with oil extraction.

[yota691]

In Compliance With The Federal Decision, An Expert Reveals The Withdrawal Of Major International Oil Companies From Kurdistan

24/06/2022

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Earth News/ The economic expert, Nabil Al-Marsoumi, said today, Friday, that the major international oil companies of American origins withdrew from the Kurdistan region, in compliance with the decision of the Federal Court.

According to a post by Al-Masawry, seen by Earth News, "The American Baker Hughes Oil Services Company announced its full commitment to implementing Federal Court Decision No. 59 Federal / 2012 and the instructions of the Ministry of Oil and the Supreme Steering Committee regarding the Kurdistan Region's oil."

He explained that "Baker Hughes is one of the world's largest companies in the field of oil field services and provides the oil and gas industry with products and services for oil wells, formation assessment, well completion, and consulting on production and reserves."

Al Marsoumi continued, “Baker Hughes operates in more than 120 countries around the world. Its total assets are $38 billion and employs 60,000 employees. The company has many businesses in Kurdistan, including its implementation of development plans in the Miran and Bina Bawi gas fields.

He pointed out that, "While Baker Hughes is currently investing gas associated with oil extraction in the Nasiriyah and Al-Gharraf fields in Dhi Qar Governorate, with a capacity of 200 million standard cubic feet of gas per day, in addition to producing 1,000 tons of liquid gas and 900 cubic meters of condensate per day, at a cost of 370 Million dollars".

[yota691]

Major international oil companies begin to withdraw from the Kurdistan region

 

energy
   

Economy News-Baghdad
Major international oil companies began withdrawing from the Kurdistan region, after being informed by the federal government on the impact of the dispute between Baghdad and Erbil over the Federal Court's decision to cancel the oil and gas law in the region .

In this regard, the economic expert, Nabil Al-Marsoumi, said today, Friday, that the major international oil companies of American origins withdrew from the Kurdistan region, in compliance with the decision of the Federal Court .

According to Al Marsoumi’s publication, “The American Baker Hughes Oil Services Company announced its full commitment to implement Federal Court Decision No. 59 Federal / 2012 and the instructions of the Ministry of Oil and the Supreme Steering Committee regarding the Kurdistan Region’s oil .”

He explained that "Baker Hughes is one of the world's largest companies in the field of oil field services and provides the oil and gas industry with products and services for oil wells, formation assessment, well completion, and consulting on production and reserves ."

Al Marsoumi continued, “Baker Hughes operates in more than 120 countries around the world. Its total assets are $38 billion and employs 60,000 employees, and the company has many works in Kurdistan, including its implementation of development plans in the Miran and Bina Bawi gas fields .”

It is noteworthy that the federal government had given the companies operating in the region a period of 3 months to withdraw so that Baghdad would then extract oil instead, which was rejected by Erbil in full and in detail .

It is noteworthy that the judiciary of the Kurdistan region had rejected the decision of the Federal Court regarding its oil, which widened the differences between them, especially since Baghdad considered it a coup against the constitution, as she put it .

 

 

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Views 197

Added 06/25/2022 - 9:41 AM

Update 06/25/2022 - 4:00 PM

[6ly410]

Parliament expects Kurdistan to stop oil exports due to the withdrawal of international companies

 

energy
   

Economy News-Baghdad
A member of the Parliamentary Economy and Industry Committee, Soran Omar, expected, on Sunday, that the Kurdistan region will witness withdrawals of international companies from the region, indicating that these companies preferred their interests in the south over the problems and disputes between the region and the center.

Omar said in a statement reported by the official "Al-Sabah" newspaper, "It is expected that we will witness other withdrawals of international companies from the region that have major projects in southern Iraq, which preferred their interests with the federal government in a legal manner over the problems and disputes between the region and the center."

He added, "All talks and negotiations so far are about positions and not about the region's entitlement or the problems between it and the center, especially with regard to oil and gas, and it was necessary to solve the problem since the beginning of the Federal Court's issuance of its decision to cancel the oil and gas law in the Kurdistan region."

Regarding the economic effects of the withdrawal of companies from the region, Omar said, “The withdrawal of foreign companies operating in the Kurdistan region will greatly affect the regional government in economic terms, especially since 90% of the revenues of the regional government come from oil imports, and therefore the withdrawal of these companies will stop the export of Oil, and this means ending the region economically, and we hope that this will not happen and that we will not reach this point.”

He continued, "In my opinion, international companies are not in their interest to fight this battle with the Federal Court," noting that "the only solution to this problem is the issuance of (the oil and gas law) in the Federal House of Representatives."

 

https://economy-news.net/content.php?id=28640

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131 . views

Added 06/26/2022 - 9:28 AM

Update 06/26/2022 - 3:30 PM

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[6ly410]

Parliamentary economy: oil companies withdraw from the region

Parliamentary Economy: Oil Companies Withdraw from The Region - Iraq News Network (aliraqnews.com)

Last updated: June 26, 2022 - 12:43PM

Baghdad/ Iraq News Network - A member of the parliamentary economic and industry committee, Suran Omar, predicted sunday that the Kurdistan region will witness withdrawals of international companies from the region, pointing out that these companies preferred their interests in the south over the problems and disputes between the region and the center. "All talks and negotiations so far on positions and not on the eligibility of the region or the problems between it and the center, especially with regard to oil and gas, had to be solved from the beginning of the Federal Court's decision to repeal the Kurdistan Region Oil and Gas Act," Omar said. "I think it's not in their interest for global companies to fight this battle with the Federal Court," he said

[6ly410]

Commenting On The Withdrawal Of Companies. Expert: There May Come A Day When The Region Is Watching Oil!

Commenting on the withdrawal of companies. Expert: There may come a day when the region is watching oil! - Information Agency (almaalomah.me)

LAST UPDATED FEB 2, 2022, 2016 | 2:38 PM

 Commenting on the withdrawal of companies. Expert: There may come a day when the region is watching oil! - Information Agency (almaalomah.me)

 

Information / Baghdad .

Oil expert Hamza al-Jawahiri said Sunday that the withdrawal of some oil companies operating in the Kurdistan region came because of fears of losing their interests and maintaining their investment inside Iraq, warning the region that there may come a day when he will watch his oil while underground.

"The federal court's decision on the territory's oil was clear and explicit in interpreting the paragraphs concerning the territory's oil after it was an ongoing dispute with its interpretation between the center and the region," al-Jawahiri said in a statement.

"The government must be strict and follow-up to companies operating in the region that violate the federal court's decision," al-Jawahiri said.

"If the federal government continues with this approach, the territory will have to submit to the federal court's decision and go to pass the federal oil and gas law and, on the contrary, all companies operating in the region will withdraw in order to preserve their reputation and invest them inside or outside Iraq, and the territory will therefore become a spectator to oil underground without extraction," he said. Finished / 25 m

[6ly410]

In the document: The withdrawal of the second oil company from Iraqi Kurdistan

Posted 59 seconds ago

 

In the document: The withdrawal of the second oil company from Iraqi Kurdistan - Iraq news (iraqakhbar-com.translate.goog)

 

news source /noon agency

 

In a letter sent to the Minister of Oil, Schlumberger International decided to abide by the decision of the Federal Court not to work in Kurdistan and not to submit to any tender in the oil and gas sector in Kurdistan.

 Schlumberger is the world's largest oilfield services company, employing about 100,000 people representing more than 140 nationalities working in more than 85 countries around the world, and has four main executive offices located in: Paris, Houston, London and The Hague.

The company offers a range of products and services through the assessment of directional drilling and stimulation, well drilling, software, information management and IT infrastructure services that support core industrial operations.

 This decision will negatively affect oil production in Kurdistan, especially since Schlumberger and the American energy company Halliburton (which appears to be on the way to withdraw) have work contracts in the northern oil fields, including Taqtaq, Tawke, Chamchamal and Kormore. , and (Khurmalah)

 

[6ly410]

 

[6ly410]

 

[6ly410]

 

[6ly410]

Second U.S. oil company withdraws from Kurdistan after Federal Court decision

https://economy-news.net/content.php?id=28661

Economy News - Baghdad
U.S. oilfield services company Schlumberger announced Monday its withdrawal from the Kurdistan Region in compliance with the Federal Court's decision.

"The U.S. company Schlumberger sent a letter with an official document to the Iraqi Ministry of Oil in compliance with the Federal Court's decision, number 59, which includes not dealing with the Kurdistan Region in relation to the oil file," the official news agency quoted "responsible sources" as saying.

Earlier, U.S. oilfield services giant Baker Hughes announced its withdrawal from the Kurdistan Region in compliance with the Federal Court's decision.

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Views 112

Add 2022/06/27 - 12:05 PM

Updated 2022/06/27 - 3:21 PM

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[yota691]

In the document.. the withdrawal of the second oil company from the Kurdistan region

• Time: 06/27/2022 13:25:12
•  
• Reading: 1,001 times

  

{Economic: Al Furat News} Schlumberger International decided in a letter it sent to the Minister of Oil to abide by the decision of the Federal Court not to work in the Kurdistan region and not to submit to any tender in the oil and gas sector in the region, in compliance with the decision of the Federal Supreme Court.

Schlumberger is the world's largest oilfield services company, employing nearly 100,000 people representing more than 140 nationalities and operating in more than 85 countries around the world, with four main executive offices located in: Paris, Houston, London and The Hague.
The company offers a range of products and services through the assessment of directional drilling and stimulation, well drilling, software, information management and IT infrastructure services that support core industrial operations. 
This decision will negatively affect oil production in Kurdistan, especially since Schlumberger and the American energy company Halliburton (which appears to be on the way to withdraw) have work contracts in the northern oil fields, including Taqtaq, Tawke, Chamchamal and Kormore. and (Khurmalah).

[6ly410]

U.S. Oil Company Withdraws from Kurdistan Region in Compliance with "Federal" Decision

 

Free / Agencies - Dubai

June 27, 2022

 

العراق.. إحباط بيع طفل بـ15 مليون دينار (alhurra.com)

Iraq: Law adopted by kurdistan regional parliament in 2007 is unconstitutional

U.S. oilfield services company Schlumberger announced Monday its withdrawal from the Kurdistan Region in compliance with the Federal Court's decision.

"The U.S. company Schlumberger sent a letter with an official document to the Iraqi Ministry of Oil in compliance with the Federal Court's decision, number 59, which includes not dealing with the Kurdistan Region in relation to the oil file," sources told The Iraqi News Agency (AA).

Baker Hughes, the global oilfield services giant, had earlier announced its withdrawal from the Kurdistan Region in compliance with the Federal Court's decision.

The Federal Supreme Court of Iraq, the country's highest judicial authority, ruled in February that the law adopted by the Kurdistan Regional Parliament in 2007 to regulate the oil and gas sector was unconstitutional.

The federal court's decision obliged "the regional government to hand over the entire oil production from the oil fields in the Kurdistan Region ... That is, the federal government represented by the Federal Ministry of Oil."

The ruling, published on the court's website, also included "requiring the KRG to enable the Iraqi Ministry of Oil and the Federal Financial Oversight Office to review all oil contracts concluded with the KRG regarding the export and sale of oil and gas."

In early June, the judiciary in the Kurdistan region of Iraq rejected the decision of the country's Supreme Federal Court.

"The Federal Court has no powers to issue a decision to repeal the Kurdistan Regional Oil and Gas Act of 2007," the Kurdistan Regional District Council said in a statement, adding that "the KRG Oil and Gas Act will remain in force."

The KRG statement went further when it considered that "the current Federal Supreme Court does not have "constitutional authority" because the Iraqi constitution requires a law to be passed by the Iraqi Parliament to establish it, "but the law has not yet been passed."

In recent years, this thorny file has repeatedly returned to the forefront. Baghdad demands that all oil exports extracted on Iraqi territory pass through the federal government.

In 2012 and 2014, Baghdad criticized the role played by neighboring Turkey. The Kurdistan Region exported its crude oil to it to refining it. Ankara subsequently announced that it was handing over oil to the world market originating from Iraqi Kurdistan.

The Kurdistan Region has pledged to deliver 250,000 barrels of its daily production of more than 400,000 barrels to the central government through the Oil Ministry, in exchange for salaries from Kurdish officials and Peshmerga fighters, the region's armed forces.

[6ly410]

After Baker Hughes.. the withdrawal of Schlumberger from Kurdistan in compliance with the decision of the Federal Court  

Posted 7 seconds ago

 After Baker Hughes.. Schlumberger withdrew from Kurdistan in compliance with the decision of the Federal Court - Iraq News (iraqakhbar-com.translate.goog)

news source /first news agency

Today, Monday, Schlumberger Oilfield Services decided to withdraw from the Kurdistan region in compliance with the decision of the Federal Court.

 

Disclaimer: The content under the title (After Baker Hughes.. Withdrawal of Schlumberger from Kurdistan in compliance with the decision of the Federal Court) was first published on the (Al-Oula News) website, and the Iraq News Encyclopedia website is not responsible for the content of the news in any way, read ( disclaimer ).
And you can see the details of this address (after Baker Hughes.. the withdrawal of Schlumberger from Kurdistan in compliance with the decision of the Federal Court) through its original source on the (first news) website from the 

[ametad]

This is good news, progress. The infrastructure is in place, there is oil in the ground. The contracts need re-written. This is kind of like a safety stand down. Need to start fresh again with Bagdad and Kurdish Region on the same page. Some of the big international companies are listening and this is MUCH BETTER THAN WAR!!

[6ly410]

Kurdish Party Comments On The Withdrawal Of Oil Companies From Kurdistan." That's The Solution."

POLITICALKurdish party comments on the withdrawal of oil companies from Kurdistan." That's the solution." - Information Agency (almaalomah.me)

2022/06/27 | 6:29 P.M.

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 Participation

Information/Sulaimaniyah.
PKK member Reboir Hamad on Monday commented on the withdrawal of oil companies from the Kurdistan Region.
"The withdrawal of oil companies confirms that these companies are complying with the Iraqi judiciary's decision and do not want to cause themselves to be in legal trouble," Hamad told Al-Ita'a.
"This will have a negative impact on the economic situation in the Kurdistan region, and the best solution at this critical stage is to deliver oil and gas to the federal government in full, because neutralizing the judiciary and the Federal Court will never be in the region's interests," he said.
A number of oil companies operating in the Kurdistan Region announced their withdrawal from work in the Kurdistan Region in accordance with the federal court's decision.