Attorney Abedi: restoration of oil agreement is responsibility of the region 10/8
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    Attorney Abedi: restoration of oil agreement is responsibility of the region 10/8

    Attorney Abedi: restoration of the oil agreement is the responsibility of the region



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - confirmed to the Commission on oil and energy parliamentary member Zaher al-Abadi, the lack of any trends or new solutions from the federal government on oil dispute with Kurdistan region, pointing out that the solution would depend on the region's commitment to re-work agreement. He said al-Abadi's (IMN), that "there are not any proposals or new agreements from the federal government on oil deal with the Kurdistan region," noting that "the return to the activation of the agreement of Responsibility for the region and not the federal government as a party that halted work in agreement."

    Abadi said that "the Kurdistan region currently exports about 750 thousand barrels of oil a day and earns more money than his share, which was defined by 17% of the total budget, so in the case decided to re-work agreement oil will receive the region to smaller amounts, so they are sticking to export oil."

    Since May Kurdistan stopped exporting oil through the oil company SOMO of the Federal Ministry of Oil Baghdad under the pretext of non-payment of financial dues, and sought refuge in the region to export oil in isolation from the federal government. Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).

    The draft budget also provides for the continuation of the agreement concluded in late 2014 with the Kurdistan region, which stipulates that the Government of the Territory, to export up to 550 thousand barrels per day of oil for the benefit of the Iraqi government in return for the grant of Baghdad to Arbil, 17% of the budget payments.


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    Last edited by Doodle Brain; 10-08-2015 at 10:58 PM.



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