How much do these idiots get paid? |
It's a comedy show out there. Every man for himself. Far too hasty in suspending the ITP. No rules apply in Iraq. |
I agree but at what point does breach of contract become irrelevant? Nobody out there ever pays their fines etc in any case. |
The finance committee agreed on the latest version of article 12. Some deputies refused to vote to break the quorum because they know that the oil law will obtain the majority if the vote take place. the blocking MPs want to negotiate something before voting |
"You say September Habs, don’t be surprised if they say enough is enough and with the approval of Turkey plough ahead without SOMOs involvement very soon."
Hi ss, if Turkey loaded ships at Ceyhan without Baghdad's permission before September using any of the infrastructure covered by the ITP agreement they'd be in breach of contract again.
They can do nothing until September. |
It's all noise, the company has clearly agreed a sale TBA..... |
So.the outcome was no outcome as predicted.
Independence has always and will be the end game. Only 7 months to wait and while picking up at least 2 dividends on the way.
Independence route has and will bevthe right decision in the long run. |
From memory wasn't it PUK who boycotted 2nd vote in December? |
Would seem no mutual agreement will ever be agreed on |
You say September Habs. But there is plenty of evidence now that Baghdad have purposely stifled progress within KurdistanDon't be surprised if they say enough is enough and with the approval of Turkey plough ahead without SOMOs involvement very soon. |
A slightly longer term solution. And a more profitable one for all concerned. Including us shareholders. Not the ICG of course. They have blown it. |
Thanks Kev.
#BREAKING: The Iraqi Parliament postponed a vote on key budget amendments after Kurdish factions boycotted the session, stalling efforts to address the resumption of the Kurdistan Region’s oil exports.
Now that really IS interesting.
So who are those Kurdish factions, Bafel Talebani's lot the PUK maybe.
But having said that, with September only being 7 months away maybe the Kurds just don't want to be tangled up with the MoO and SOMO and would rather wait.
The Kurds don't intend giving up any of their constitutional rights and the PSC's have been ruled legal enforceable and binding with no other party having the right to interfere with them, so neither the Kurds nor the IOCs have to accept anything that's proposed in Baghdad, they can just sit it out.
If what's being proposed by the Finance Committee isn't acceptable to Erbil and the IOCs then the Kurds will block the vote. Maybe that's what's happening.
Interesting times. |
Brewery comes to mind
Now that PSCs are pronounced legal and the Prime Minister unable to get an alternative method of payment through Parliament there seem to be two possible ways of moving forward especially given the enormous cost of a closed pipeline to IRAQ itself.
1. He could mitigate the loss by opening the pipeline on PSC terms until a better alternative payment can be found.
2 The Kurds could follow up their last weekend rant and secede as Iraq as a whole seems ungovernable.This would be welcomed by America and Turkey
others might add waiting until September but that would raise a lot of other agreements and issues
such as SOMO and the rest of the budgetary/relationship framework. |
At least they kept their shoes on and no fighting. Things are improving :-) Closer than ever now. |
Why am I not surprised |
Think your right Habs! https://x.com/zoomnewskrd/status/1881003103388143872 |
"the session was adjourned until Tuesday after MPs opposing the budget law exited the chamber, breaking the quorum.”
This is what is being seen as collapsing the parliamentary system in Iraq.
So, try again on Tuesday.
September only 7 months away, the Kurds will be counting the days. |
Trump and his team need to lay down the law here and get a deal done.
APIKUR need to liaise with Trump's team directly. |
 Shafaq News/ The Iraqi Parliament adjourned its session on Sunday after losing a legal quorum following a vote on the federal budget amendment, a parliamentary source revealed.The source stated, "The Parliament Presidency raised the agenda to address this year's federal budget amendment. However, the session was adjourned until Tuesday after MPs opposing the budget law exited the chamber, breaking the quorum."First Deputy Speaker Mohsin al-Mandalawi reportedly left the session hall to hold consultative meetings with the withdrawing MPs, attempting to persuade them to return and resume the vote on the budget and other items on the agenda.Earlier, Shafaq News correspondent reported that the session, which had addressed sections of the Federal Intelligence Agency law and the Budget Law, lost quorum before voting on the budget amendment.Finance Committee member Mustafa Sanad commented, "The Finance Committee approved the government-submitted amendment, which increases Regional costs, without modifications or additions. The amendment passed with 10 votes out of 17, but I opposed it. I urge my fellow MPs to abstain from voting on the budget in parliament."The proposed budget amendment includes Article 12, which allocates compensation to the Kurdistan Regional Government for costs associated with oil production and transportation. |
https://x.com/Rudawkurdish/status/1880993336963776771 Anyone's guess at the moment! |
Well all that sounds to me as though the Finance Committee have approved the amendment with 10 votes out of 17 and the plan is still to have parliament vote on it "in the session currently being held.”
Which means this evening.
If the Speaker can get enough people to turn up. |
Parliament’s Finance Committee ends debate on Article 12 of the budget.
I havn't a clue what's going on....
"The committee voted within it to “amend Article 12 of the draft general budget law regarding the costs of producing and exporting oil from the Kurdistan Region, in preparation for voting on it in the session currently being held.”
The Parliamentary Finance Committee announced today, Sunday, its vote to amend Article 12 of the draft general budget law. The committee’s statement stated that “the Parliamentary Finance Committee, headed by Atwan Al-Atwani, held a meeting today, Sunday 19/1/2025, to continue amending the Federal General Budget Law included on the agenda of the Council’s session to vote on it.”
Al-Atwani indicated, according to Al-Ban, that “the committee held several meetings dedicated to studying the amendment of Article 12 related to the export of the region’s oil and the costs of production and transportation, stressing that advanced stages have been reached in this regard in preparation for putting it to a vote in the council, noting that the amendments relate to Article 12 and not to the budget schedules.”
The committee stated that “a number of observations and proposals were discussed, and it stressed the importance of proceeding with the legislation of the law related to Article 12 in a way that ensures that all parties are obligated to implement its outcomes and achieve the public interest.”
The interventions also focused, according to the statement, on “Article 12 and discussed in detail issues related to the consulting company, determining time periods, and production and export costs, indicating the need to develop a well-thought-out plan based on the proposed texts, with the possibility of amending them to address obstacles and ensure the achievement of the law’s objectives.”
The committee voted within it to “amend Article 12 of the draft general budget law regarding the costs of producing and exporting oil from the Kurdistan Region, in preparation for voting on it in the session currently being held.”
hxxps://iraqidinarchat.net/parliaments-finance-committee-ends-debate-on-article-12-of-the-budget/ |
Quorum break in Iraqi parliament following Budget Law vote
Shafaq News/ Iraq’s Sunday parliamentary session witnessed a quorum break as MPs exited the hall following the vote on a section of the federal budget law.
Shafaq News correspondent reported that the session, which addressed the Federal Intelligence Agency and the Budget Law, lost its legal quorum as MPs exited the chamber after voting on the Intelligence Agency sections and before reaching a vote on the budget.
Mustafa Sanad, a member of the Finance Committee, explained, “The Finance Committee approved the budget amendment submitted by the government, which increases regional costs, without any modifications or additions. The amendment passed with 10 votes out of 17, but I dissented. I urge my fellow MPs to abstain from voting on the budget in parliament.”
The draft budget law includes Article 12, which compensates the Kurdistan Regional Government to cover production and transportation costs associated with oil extraction in the region. |
C_G - "Anyone???"
Last week I read two opinion pieces talking about the collapse of Iraq's parliamentary system caused by parliamentarians and political blocs scuppering parliament sessions because they don't want laws that they don't like being discussed and debated and possibly passed into law.
At the moment there are several important laws that are constantly having to be kicked down the road because people don't want to see them passed and so don't turn up meaning the required quorum isn't reached and sessions have to be cancelled
The Speaker is now talking about using his powers to fine those who don't turn up 1 million dinars for each session missed.
He's going to start giving political blocs and individuals a hard time.
"Al-Mashhadani renewed his "call to the political blocs to assume their responsibilities in ensuring that representatives attend sessions, achieve the legal quorum, and participate effectively in passing laws that serve the country's interests." |
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