Kurdistan waving to stop exporting oil later this month in the event of non-payment of dues to companies Baghdad

Sunday, 05 August / August 2012 09:14

[Baghdad - where]
Board of the Kurdistan Region to stop its oil exports by end of August in case of non-payment of dues Alntah foreign companies operating in the region by the federal government.
A statement of the Kurdistan Regional Government, the Agency has received all of Iraq [where] a copy of it by the Minister of natural resources and wealth in the Kurdistan region drastically to say "in order to promote confidence between Baghdad and Erbil, and to address problems related to the file of the oil and gas, the provincial government to resume oil exports in coordination with Baghdad since the beginning of the month, through the export quantities of up to 100 thousand barrels of crude oil a day, but the province will stop its oil exports in the event of non-payment of dues to Baghdad, oil companies operating in the region. "

He noted that "the export of oil will last for one month, and if non-payment of dues of the oil companies will Arbil the night of 31 of the current month to stop the export process."
For his part, the administrative head of the company Energie Kinl Tony Hayward in a letter to Hawrami that "the majority of his company had not received their dues from oil exports for the period from 2009 to 2011 of the Baghdad government, and this carries a large impact on the company's activities."
The Minister of natural resources and wealth in the government of Kurdistan drastically announced last Thursday [August 2] that the provincial government decided to resume the export of oil extracted in the territory after a break of about four months.
The minister said Hawrami in a press statement, "that despite the reluctance of the international oil companies producing in the region at the beginning of it for export without payment guarantee has persuaded the provincial government to resume the export rate of 100 thousand barrels per day," adding, "that after calls from friends of Iraq in political circles and diplomatic decided Government of the Territory to resume exports to build trust with the federal government to solve all the problems of the existing oil and gas in Iraq, "noting that" the amount of oil exports will remain at 100 thousand barrels per day for a month and if you arrive payments will rise to 200 thousand barrels a day. "
The Kurdistan Regional Government since last April 2012 halted the export of oil extracted in the territory of the region against the background of non-payment of the oil marketing company for the financial dues of the region according to regional officials say.
The dispute is between Baghdad and Erbil on 41 oil contracts signed by the provincial government since 2007 until now and Baghdad described the absence of transparency in the non-signing and conclusion of contracts goodness region without reference to the federal government.