SP recovering as expected. |
https://x.com/john78846295/status/1881310623201702308 Budget amendment added to agenda for tomorrow - 1st item on the agenda! |
 https://shafaq.com/en/Kurdistan/KRG-Baghdad-reach-agreement-to-resolve-key-disputes Shafaq News/ A green light has been signaled to resolve all outstanding issues between the Kurdistan Regional Government (KRG) and the federal government, sources revealed on Monday.The sources told Shafaq News Agency that the unresolved issues include the salaries of KRG employees, oil exports and their revenues, as well as future dealings under "clear, standardized" procedures for calculating the state's financial resources based on official disclosures.The sources added that "an initial agreement on oil extraction and exports is expected to be reached, ensuring that the export process and its revenues are conducted in accordance with the procedures of the State Oil Marketing Organization (SOMO) and market-approved pricing."The agreement, however, will not take effect until it is discussed and voted on during the weekly Cabinet meeting, the sources noted.A KRG delegation, headed by Minister of Finance and Economy, Awat Sheikh Janab, arrived in Baghdad late Sunday to negotiate solutions to the ongoing salary crisis in the Kurdistan region.Notably, the dispute between Baghdad and the KRG began in 2014 over oil resource management and budget allocations.In February 2024, Iraq's Federal Supreme Court ordered Baghdad to directly pay KRG employee salaries after prolonged delays.In November 2024, the salaries issues were exacerbated when Iraq's cabinet ordered the KRG to immediately transfer its oil output to SOMO as part of an effort to centralize oil exports and revenue management. |
#GKP #GENL $DNO $HKN $SNM
@apikur_oil
Initial agreement on #Kurdistan oil extraction and exports expected to be reached, ensuring export process and its revenues are conducted in accordance with procedures of SOMO and market-approved pricing. |
The way to run Iraq is to allow citizens to oust politicians by petition , watch em get thier heads down when on short notice all the time . Maliki would gave gone years ago. |
john@john78846295: 16h
Important progress yesterday on approval of amendment to the budget law.
- Finance Committee approved the amendment
- Vote did not take place as a further revisions demanded.
- Vote set for Tuesday
- Fines introduced for absence
Revision is to ensure all regions benefit from Iraqi oil.
'Remaining amount of price of a barrel of oil goes to the Iraqi state treasury, and in turn the state pays the salaries of the region's employees'... to... disbursing required financial allocation to the governorates." |
No mention of budget amendment but Parliament should be full tomorrow! https://shafaq.com/en/Iraq/Sources-Iraq-s-Parliament-to-tackle-controversial-laws-in-One-Basket-vote |
All the signs point towards them being serious this time. It was only 12 of them left parliament.
IMO |
It is not just the fine, but a stain on their record as MP |
#gkp #gkptakeover ?whilst we wait for the SALE RNS ( not very much longer)any of you that don't "get" fact that @Gulf_Keystone share price has been manipulated for years , enjoy this morning's early trades.All perfectly normal Guv ??https://x.com/111notout1/status/1881269909763899507?s=61&t=EEAJRmerpfLiAmForyb8Dw |
What’s to stop them not turning up with some mysterious illness 🤔🤷‍♂️😔 |
Sadly steep it's a pittance , Iraqi MP's are some of the best paid in the world...... |
ERBIL (Kurdistan24) The Iraqi Parliament Speaker Mahmoud al-Mashhadani on Sunday announced that any member of parliament (MP) who misses a session will be fined one million Iraqi dinars.Al-Mashhadani met with the heads of parliamentary factions to address the issue of MPs not attending sessions, which has severely impacted the legislative process in parliament. "In the coming days, we will revise the parliament bylaw to impose fines on MPs who miss sessions and to publish the names of absent MPs on the official parliament website," the speaker told a Kurdistan24 correspondent.Al-Mashhadani stressed the necessity of achieving a quorum in parliament, noting that the frequent absence of a significant number of MPs has severely hindered the process of passing crucial legislation and making urgent amendments to existing laws.The parliament speaker urged faction leaders to take responsibility and encourage their members to actively participate in parliamentary meetings. In a related measure, Al-Mashhadani canceled all scheduled flights for MPs to ensure their attendance at upcoming sessions, thereby helping to achieve the quorum necessary for passing laws.On Sunday, the Iraqi parliament convened to make amendments to the general budget's article on exporting Kurdistan oil. However, the session failed to reach a quorum due to the absence of a large number of MPs. |
#716917
A 625 pounds fine is typically over half a months wages in both Iraq & Kurdistan 👍
That should focus minds a little for Tuesdays vote 💪
Another walk out & will cost them a months pay ✅
They will not be happy 🤬 |
Yes the deal is now a no brainer, however it doesn't matter.The company is sold tba, that's been clear for months.CEO STAY BONUS paid this month...and we have been flagged to expect the ops and corporate update this month...wonder what that will contain lol. |
This could drag on for months, you seem to lack the complex politics of Iraqi, expect high 130's by Friday, that where you should have the focus for buying |
This will recover today and move up for tomorrow. Deal will go through as there is too much to lose. |
Shiite lawmakers ....... says it all |
161 on bid |
Great posts over the weekend, but it's a case of que será, que será.
The building blocks are all lining up but irag is the epicentre of big oil's greedy mits and the local mafia.
Ps possibly a top up opportunity ahead wait for the ubiquitous moment. |
163.6 on bid |
Yet no mention of the September deadline which should have been an important inclusion within that article. |
On January 19, 2025, the Finance Committee of the Iraqi Parliament reviewed and forwarded an amendment to the budget law regarding oil exports from the Kurdistan Region for parliamentary voting. Nonetheless, Shiite legislators present at the session rejected the amendment, which suggested a payment of $16 per barrel for oil production and transportation in the Kurdistan Region.Soran Omar, a Kurdish Member of Parliament, informed Peregraf: "The legal attendance requirement for parliamentarians to vote on the budget law concerning Kurdistan Region oil was not met, resulting in the amendment not being voted on. Shiite lawmakers argue that $16 per barrel for production in the Kurdistan Region is excessive." Omar cautioned that without the amendment's approval, the Kurdistan Region might resort to continuing oil sales through smuggling via tankers, thereby depriving its citizens of essential revenue.The Disputed AmendmentThe amendment proposed a provisional payment of $16 per barrel for oil production and transportation expenses in the Kurdistan Region. This arrangement was intended to remain effective until an independent expert company, to be appointed within 60 days by mutual consent between Baghdad and Erbil, could deliver a fair cost assessment.The proposal sought to address a protracted dispute over production costs. While Baghdad had previously allocated $8 per barrel-comparable to Iraq's southern oil fields-the Kurdistan Regional Government (KRG) insisted on $26, citing elevated extraction costs. The two parties reached a compromise at $16, and the Iraqi Council of Ministers approved the amendment before sending it to parliament.However, the refusal of Shiite lawmakers to endorse the measure has rekindled tensions between the Iraqi federal government and the KRG.Oil Export StalemateThe rejection of the proposed amendment occurs amidst the KRG's struggle with financial instability, further exacerbated by persistent delays in budget allocations from Baghdad. According to the federal budget law for the years 20232025, the Kurdistan Region is required to export 400,000 barrels of oil daily through the Iraqi Oil Marketing Company (SOMO) or supply an equivalent quantity for domestic consumption. In exchange, Baghdad is responsible for covering the costs associated with production and transportation.Nevertheless, oil exports from the Kurdistan Region have been halted since March 2023, following a decision by the International Court of Arbitration in Paris. The court ruled in favor of Iraq in a dispute with Turkey, resulting in the cessation of oil flow through the Ceyhan pipeline.Wider ConsequencesThis ongoing conflict has strained the relationship between the KRG and the international oil companies (IOCs) operating within the Kurdistan region. Baghdad has sought to replace the KRG's production-sharing agreements with service contracts, a change that IOCs have opposed.The financial impasse has placed the Kurdistan Region in a vulnerable situation, with essential oil revenues suspended and no resolution in sight. Kurdish lawmakers have cautioned that the inability to pass the amendment will worsen the Kurdistan region's economic crisis and further deepen the rift between Erbil and Baghdad. |
625 quid fine for no show |
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