In truth though we have no idea they might have been preparing. Trump2 says to me, no time like the present. |
.
Kurdistan Seceding may be on the agenda, but not in the very near term. Needs to prepare in detail for such an event and should be preparing now, if not already started.
Keep on with the local sales until September and then look to export through Turkey.
. |
Bigdog - "However, KRG leaders had previously insisted on a higher rate of $26 per barrel due to the elevated costs of oil extraction in the region, leading to the compromise figure of $16".
We can only wonder why the costs are elevated!!! Is that what Baghdad seek to understand?
The costs aren't elevated in Kurdistan Sarah, the problem is that like you the dummies in Baghdad pretend not to understand the difference between a TSC and a PSC.
The costs in Federal Iraq and Kurdistan are the same:-
Draw Media 4 weeks ago - "The prevailing situation in Iraq primarily involves service contracts, with costs in areas like Gayara reaching $26 to $27 per barrel. This disparity raises the question of why companies are requesting only $20 for operations in the Kurdistan Region."
In Federal Iraq the MoO are quite happy to pay costs of $27.
Costs are a red herring, it's about dismantling the Federal System and imposing centralised control from Baghdad.
And the Kurds are having none of it. |
Do you have anything else to contribute? Yawn |
We need to ignore the noiseThe company is obviously sold TBACEO STAY BONUS AWARD gets paid in January....Fill yer boots |
Ok so we have the Iranian backed part of the parliament throwing unacceptable spanners in the works at the last minute to block any deal. To be expected.
The question now is have they enough support to make them stick ? I doubt it.
Wait...let this work its way through and out.
IMO |
 "Prime Minister Sudani has proposed a new clause demanding that the Kurdistan Regional Government hand over its natural gas and oil components to Baghdad. The new clause is part of the Iraqi government's efforts to secure control over the oil and gas resources in the Kurdistan Region."
Lonepilgrim - "What on earth is Mohammed Shia' Al Sudani playing at, this would never get through a vote and he would know this."
I entirely agree, and I think he's been spooked by this:-
Two days ago - "Several lawmakers have called for the inclusion of a provision in the budget that would allocate financial resources to other provinces."
The VERY LAST thing the Federal Government can afford is the other regions and provinces suddenly demanding their constitutional right to manage their own resources as that could lead to the break up of the country, so it looks to me as though he's scuppered the Kurdish exports issue so that he can't be seen letting the Kurds manage their own oil and gas while denying the rights of everyone else.
The Kurds will NEVER surrender their constitutional rights and give Baghdad control and Sudani knows that, he knows that the inclusion of that clause is a deal breaker for the Kurds.
Here's the danger:-
"Judge Schwebel's analysis meticulously dissects the 2005 Iraqi Constitution, affirming that the distribution of power heavily favours regional governments, like the KRG, over the Federal Government in matters of natural resource management. Central to his argument is the interpretation of Articles 110, 114, 115, and 121, which collectively do not grant the Federal Government exclusive authority over oil and gas resources. Instead, these articles empower regions to manage the production of oil and gas within their territories." |
I think today was the Iraqi government's last chance. And they fked it. |
The Kurdistan Region's General Board of Kurdistan Areas Outside the Region hails the Iraqi Parliament's passing of the Kurdish-backed Property Restitution Law as a historic achievement, acknowledging the joint efforts of the Kurdistan Regional Government, parliament members, and Baghdad officials. The Board congratulates the people of Kurdistan and hopes this will lead to full implementation of Article 140 of the Iraqi Constitution. |
We need to ignore the noiseThe company is obviously sold TBACEO STAY BONUS AWARD gets paid in January....Fill yer boots |
BigdogSarah5IQ isn't 'in the zone' until she has a pork sword to service. |
What on earth is Mohammed Shia' Al Sudani playing at, this would never get through a vote and he would know this. Not sure what to expect next ?? |
Totally right, if anything it's harder to keep nice light crude in the ground as more fluid and usually under higher pressure!Don't say it often but what a ding ding comment from resident ding dong |
"However, KRG leaders had previously insisted on a higher rate of $26 per barrel due to the elevated costs of oil extraction in the region, leading to the compromise figure of $16".
"Elevated costs of oil extraction in the region".
We can only wonder why the costs are elevated!!! Is that what Baghdad seek to understand?
The company brag about lifting costs of $3pb!!! $23 is a lot of difference innit!!
BP appear happy with their terms down Kirkuk way. Could that be because they're dealing direct with Baghdad and there is complete transparency with who receives what??
Only having a mull of course:-) |
So not a great deal of selling in light of today's circus. Looks like the consensus is that it will happen eventually. SP currently 165.3 |
https://baghdadtoday.news/266367-%D9%86%D8%A7%D8%A6%D8%A8-%D9%8A%D9%83%D8%B4%D9%81-%D8%B3%D8%A8%D8%A8-%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D8%A7%D9%84%D8%AA%D8%B5%D9%88%D9%8A%D8%AA-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9.html The MP of the Al-Fath parliamentary bloc Mukhtar Mahmoud revealed on Tuesday (January 21, 2025) the reason for postponing the vote on the amendment of the budget law during today's session.Mahmoud told Baghdad Al-Youm that "the postponement of the vote on the amendment of the budget law during today's session, due to the government sending a new amendment to the amendment sent previously."He added that "the new amendment needs new discussions and dialogues within the Parliamentary Finance Committee, and this is why the vote is postponed until the new amendment is discussed in the next few days."Parliament voted on Tuesday (January 21, 2025) on the laws of personal status, the return of real estate and general amnesty with one basket, after which the session was adjourned to another notice. |
https://x.com/PeregrafNews/status/1881729964497858731 |
That's what I was alluding to in my earlier post. Nothing would surprise me. |
The Iraqi Parliament has once again postponed the approval of a crucial budget amendment related to the oil exports of the Kurdistan Region. The amendment, which has sparked heated debate, centers around the payment terms for oil production and transportation in the Kurdish-controlled areas.In a move that has further intensified the ongoing dispute, Iraqi Prime Minister Mohammed Shia' Al Sudani has proposed a new clause demanding that the Kurdistan Regional Government (KRG) hand over its natural gas and oil components to Baghdad. This proposal was sent to the Iraqi Parliament, triggering an impasse that has delayed the budget amendment yet again.Soran Omar, a Kurdish member of the Iraqi Parliament, confirmed the news to Peregraf. According to Omar, the introduction of this new clause regarding the handover of oil and gas resources has complicated the discussions, leading to the lack of approval for the amendment. He stated, "This new proposal by the Prime Minister has caused problems, and the amendment was not approved as a result."The new clause is part of the Iraqi government's efforts to secure control over the oil and gas resources in the Kurdistan Region, which has long been a source of tension between Erbil and Baghdad. While the KRG has maintained its autonomy in managing these resources, the Iraqi government insists on more centralized control as part of its national economic strategy.The parliamentary session on January 19, 2025, also saw the rejection of a proposal concerning the Kurdistan Region's oil exports. This proposal aimed to set a provisional payment rate of $16 per barrel for the region's oil production and transportation. The Finance Committee had reviewed the amendment, which would have provided financial relief to the Kurdistan Region, but it was met with strong opposition from Shiite lawmakers.Omar explained that the vote could not take place because the quorum requirement for legal attendance was not met. Shiite legislators argued that $16 per barrel was an excessive amount compared to the $8 per barrel allocated for oil production in southern Iraq. However, KRG leaders had previously insisted on a higher rate of $26 per barrel due to the elevated costs of oil extraction in the region, leading to the compromise figure of $16. |
So all the kerfuffle today so far has nothing to do with the oil amendment as the fisticuffs is to do with the other laws and associated fallout.
If our amendment had been kept as the first vote it would have passed unless what happened was done to avoid voting on it - possible but not likely. |
How much money did you make today, Sarah? |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
