Now this
@zoomnewskrd
#BREAKING: The Iraqi Parliamentary Finance Committee says they held a meeting today to discuss amendments to the federal budget law, focusing on amending Article 12 to address production cost calculations for Kurdistan Region's oil, describing it as a step towards resolving disputes with the KRG over resumption of oil exports.
In a statement, the committee emphasizes the need for the KRG to export its oil through the Iraqi state-owned SOMO company and to ensure transparency and partnership by clarifying production field management.
The committee also urges the government to expedite the submission of the 2025 budget to the Iraqi parliament, ensuring that all financial matters related to the amendments, such as settling oil revenues and other dues owed to the central government, are addressed. |
 Jan. 18, 2025
ERBIL (Kurdistan24) - The Kurdistan Regional Government (KRG) is set to send a delegation to Baghdad in the next few days to address longstanding political and technical issues, marking another step toward enhancing relations between Erbil and Baghdad.
Samir Hawrami, head of Deputy Prime Minister Qubad Talabani's office, announced during a recent press conference that a KRG delegation will soon visit Baghdad to tackle unsolved matters between the Kurdistan Regional Government and the Iraqi federal government.
“There are both political and technical issues between the Kurdistan Regional Government and the Iraqi government,” Hawrami clarified, noticing that current discussions have made important strides toward mutual understanding, especially in terms of the implementation of laws.
He also acknowledged that political meddling remains a factor that could potentially hinder progress.
"More serious efforts are planned for 2025 to enduringly solve these pending issues," he highlighted, emphasizing the necessity for greater commitment to finding lasting solutions.
Progress Through Dialogue
Hawrami emphasized the recurrent exchange of delegations between the Kurdistan Region and Baghdad as a positive approach to detecting and tackling shortcomings.
While technical discussions have reportedly resulted in a significant degree of understanding, unsolved political factors remain a focal challenge.
The impending visit intends to build on this progress by nurturing further dialogue on disputatious issues, which include budget allocations, oil revenues, and the implementation of constitutional agreements.
Commitment to Resolution
The KRG’s refreshed efforts underline its commitment to attaining a stable and cooperative relationship with Baghdad.
The arranged visit will potentially center on reinforcing agreements that ensure fair resource distribution and respect for regional autonomy, in line with Iraq’s federal constitution.
The success of these discussions could set the tone for a more cooperative 2025, with both sides working toward solving disagreements that have historically strained their relationship. |
It's the Iranian influence mate they need to get rid of them. Fortunately 2 of their judges have just been taken out |
So talk of a faction breaking the quorum tomorrow.I really wish they would fkcuk these sh1thouses off. |
No coincidence that the big guys are now moving in.
Shaikan is a literal sea of oil that every major and noc on earth wants to develop. |
It's all noise .Gkp is sold tba |
Meanwhile in 8 months time the KRG can say up yours. You can see why the oil majors are now making a move. It's a win win situation for them ! And us LTHs |
 https://x.com/KurdistanWatch/status/1880641593641779433 Atwan Atwani, Chairman of the Iraqi Parliament's Finance Committee, outlined some important details that needs to be incorporated to the proposed amendment to increase the production cost of the KRG's oil production, including: 1. it must bind the KRG to export to oil via SOMO, 2. it should mandate the KRG to disclose the details of its oil contracts to the federal government and 3. involve the federal government in managing production fields and finally address all potential loopholes that could allow for non-compliance.He elaborated that during the committee meeting:- The resolution of KRG's oil production costs was identified as the key starting point for addressing broader Baghdad-Erbil disputes;- New legal frameworks were proposed to formalize relationships between Baghdad, Erbil, and international oil companies operating in Kurdistan, with specific timelines for implementation;- Participants emphasized the importance of the KRG's adherence to exporting its oil exclusively through SOMO, sharing details of oil contracts with the federal government, and involving federal authorities in the management of oil production fields.- The committee requested expedited submission of 2025 budget schedules to parliament to incorporate these changes, including provisions for financial reconciliation of previously unreported oil and non-oil revenues. |
The head of the Parliamentary Finance Committee, Atwan Al-Atwani: The committee has made significant progress in discussing the amendment of the budget law.#Iraq #Baghdad #Iraq_News. Al-Atwani: The amendment represents a starting point for establishing a legal framework for the relationship between the federal and regional governments in managing oil resources.#Iraq #Baghdad #Iraq_News. Al-Atwani: Our goal in approving the amendment is to bring the export of the region's oil under the authority of the federal government and eliminate suspicions of smuggling.#Iraq #Baghdad #Iraq_News. Al-Atwani: We are keen to establish binding legal provisions to resolve the issue of calculating the cost of the region's oil production within a specific timeframe and obligating the regional government to transfer revenues to the federal government.#Iraq #Baghdad #Iraq_News |
john@john78846295: Jan 15
#Iraqi Budget amendment VOTE is 2nd on agenda for Sunday.
Some still seeking concessions but Council of Ministers and Coordination Framework have approved it, indicating a positive vote. 🤞🤞🤞🤞 |
Hard to put specific times on proceedings I think as there's a lot of horse (camel) trading goes on. Going to be hard to concentrate on gate building without constantly checking my phone tomorrow, but then I've only been here for two years, not hardened to it all like some folks here 🫣 |
rmc: nobody really knows..
if there is something more important that comes up, or to many have objections it may get put off till the next session even...
But generally news tends to come in the evening on Sundays.
US markets are closed on Monday, so if it was good news maybe it would be better if they voted on Tuesday... |
Its all noise anyway...the company is obviously sold TBA.
This month. |
Probably lack of quorum....Imho
another Chimpanzees tea party...! |
What time is the budget vote/news expected UK time? |
Need more than luck, need a miracle |
I think deep down we all know what's going to happen tomorrow.
No resolution was agreed.we will need to form a committee to agree on the disagreements.
I do seriously hope I'm wrong , but we have been 500 times before.
We might even get a punch up in the iraq parliament tomorrow as certain politicians won't be getting as much as they thought.
They will need a wheel barrow full of brown envelopes and scatter them like confetti to get them to all agree lol. |
They are moving fast now I see. Just the small matter of 26 billion compensation to grease the wheels. Stupid is as stupid does. |
Things falling into place quite quickly now. Great to see. Good luck for tomorrow all longs ?? |
Israel falls into line, Iraq(Iran) falls into line all day before Trump takes the oath.I think they will get it passed.But anyway gkp has been sold TBA, no doubt the buyers will be approving the CEO payment very shortly...... |
"Maybe above relates to krg handing over all their oil. Icg should easily be able to afford budget payments then."
Morning beernut, you may well be right, Sudani sees the pipeline issue and the salary issue as being inextricably linked, "if we can get the pipeline open there will be enough money to pay the salaries".
This is what he said about it in early December:-
714714 - I think he's totally frustrated at having to send hundreds of millions of dollars every month without getting anything in return, he knows that reopening the pipeline is pivotal to resolving the financial disputes.
"Salary is not a political issue," al-Sudani emphasized, expressing hope that amendments to the budget law and the resumption of oil exports from the Kurdistan Region would help address the disputes.
The Iraqi Parliament convened on Wednesday to discuss four critical legislative items, including measures aimed at restarting oil exports from the Kurdistan Region. The resumption of these exports is seen as a pivotal step toward resolving financial disagreements between Erbil and Baghdad."
Let's hope he's managed to convince parliament and enough of them bother to turn up for the vote.
Fingers crossed. |
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