Did Queen lemming sarah and her delusional fantasists get it all wrong again? LOL.
So the share price isn't going to go straight to £2.50 tomorrow, well what a surprise, lol.
Still not realised that there are those that are determined that the Kurds are not going to do well out of the impasse? I told you gullible suckers years ago Baghdad meant business this time and want to control all.
Will any possible agreement ever hold before accusations commence of not doing what is ever agreed?
And there's still to come the independent committee (lol) who will opine on production and transport costs!! If only Erbil had provided Baghdad/SOMO with all the details they requested in the name of transparency could this mess have been avoided? |
mmt1 is a secret troll. |
 "It is fair to treat other provinces, the same as the Kurds."
The Constitution says yes, and that's why the Federal Government could not afford the dispute with Kurdistan to go to arbitration despite their so called "Supreme Court" ruling the contracts illegal, they knew the Arbitral Court would have to rule on the issue of constitutional rights and they knew they would lose. They had no option but to negotiate with the IOCs to keep it out of the courts.
Habshan 22/3/24 - "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."
If it went to Arbitration the ICG would be stuffed as ALL regions in IRAQ, including Basra, are constitutionally empowered to manage the oil and gas resources within their borders. |
Fair or not, Kurdistan is autonomous - they are not as far as I am aware....
I can see these demands (Art 14) as problematic going forward.... |
I think it's clear that there is a will to get this amendment over the line. This week by the looks of it. Couple that with an operational update at the end of this week. Which I expect to show a further increase in The cash balance with sustained production. any drop in the share price is likely to be short lived and bought. Good luck to those trying to make a quick buck on the potential drop tomorrow. You may be disappointed |
Good to see fines if they don't vote. |
Fair enough. It is right that Shia MPs demand for the same benefits. |
It is fair to treat other provinces, the same as the Kurds. |
Rmc100 - "What is the reason that some MP’s don’t want to vote on the budget?"
"Several lawmakers have called for the inclusion of a provision in the budget that would allocate financial resources to other provinces."
Those lawmakers are representatives of oil producing provinces and under the Constitution all regions and provinces have the right to manage their own resources.
So what they're asking is, "Why is the Federal Government asking us to vote for the rights of the Kurds while they're denying us OUR rights."
"Some Shiite factions have refused to amend only Article 12 of the budget law," Sabri stated. "They have insisted that both Article 12 and Article 14, which address the rights of oil-producing provinces, should be amended."
Article 14 specifically concerns the financial entitlements of provinces that produce oil, and Sabri emphasized that the ongoing discussions are tied to the implementation of these entitlements by the Iraqi Ministry of Finance, rather than the specifics of oil exports from the Kurdistan Region." |
Maybe posted
Parliamentary Finance: budget amendment covers Kurdistan Region's oil extraction
Iraq
Iraq
Oil
Kurdistan Region
Parliamentary Finance: budget amendment covers Kurdistan Region's oil extraction
2025-01-19 18:00
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Shafaq News/ The Parliamentary Finance Committee in Iraq revealed the details of a proposed amendment to Article 12 of the Federal Budget Law.
Committee member Mahasen Hamdoun told Shafaq News “the amendment includes a $16 per barrel cost for extracting oil from the Kurdistan Region, which will be deducted from the region's oil sales”.
She explained that the remaining amount from the oil sales will go to the Iraqi treasury, and the government will then allocate funds to pay salaries for the region's employees.
Several lawmakers have objected to this and called for the inclusion of a provision in the budget that would allocate financial resources to other provinces.
It was noted that the financial allocation for regional development in the 2024 budget is 1 trillion dinars, but only 200 billion dinars have been disbursed so far, leading to confusion in provinces due to the lack of sufficient funding.
Earlier today, the Finance Committee announced it had voted on the proposal to amend Article 12 concerning the export of oil from the Kurdistan Region and production and transportation costs in the Federal Budget Law.
On Sunday, a senior Kurdish delegation, led by Finance Minister Awat Sheikh Janab, arrived in Baghdad to negotiate solutions to the ongoing salaries crisis in the Kurdistan region.
The delegation is set to meet with Iraq's Federal Finance Minister Taif Sami to discuss mechanisms for resolving delays in salary payments, a source in the Kurdish Ministry of Finance and Economy confirmed. |
Thanks guys great finds and posts.
Gla |
What is the reason that some MP's don't want to vote on the budget? |
Shafaq News/ The Parliamentary Finance Committee in Iraq revealed the details of a proposed amendment to Article 12 of the Federal Budget Law.Committee member Mahasen Hamdoun told Shafaq News "the amendment includes a $16 per barrel cost for extracting oil from the Kurdistan Region, which will be deducted from the region's oil sales".She explained that the remaining amount from the oil sales will go to the Iraqi treasury, and the government will then allocate funds to pay salaries for the region's employees.Several lawmakers have objected to this and called for the inclusion of a provision in the budget that would allocate financial resources to other provinces.It was noted that the financial allocation for regional development in the 2024 budget is 1 trillion dinars, but only 200 billion dinars have been disbursed so far, leading to confusion in provinces due to the lack of sufficient funding.Earlier today, the Finance Committee announced it had voted on the proposal to amend Article 12 concerning the export of oil from the Kurdistan Region and production and transportation costs in the Federal Budget Law.On Sunday, a senior Kurdish delegation, led by Finance Minister Awat Sheikh Janab, arrived in Baghdad to negotiate solutions to the ongoing salaries crisis in the Kurdistan region.The delegation is set to meet with Iraq's Federal Finance Minister Taif Sami to discuss mechanisms for resolving delays in salary payments, a source in the Kurdish Ministry of Finance and Economy confirmed. |
As above:-
Important progress today 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
And.
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." |
John on X take. https://x.com/john78846295/status/1881047229320061216 https://x.com/john78846295/status/1881047819257291199 |
Keystone Cops would do well to get a few acting lessons of these ICG chumps, lolAh well...C U Next Tuesday |
millie: this would not be the GKP advfn board without a hoot a minute ;) |
Still no discussion on paying outstanding arrears, that should be a total hoot |
cheers boys... so parliamentary vote Tuesday again... unless demands to change Article 14 are problematic - which they probably will be... in which case we wait again... |
The Finance Committee has approved the amendments but the Parliament itself hasn't been able to vote on the matter so things are at an impasse currently. |
"This indicates it has been approved.. ERBIL — The Iraqi Parliament’s Finance Committee has voted to amend the 2025 budget."
Don't think so, the Finance Committee voted by 10 votes out of 17 that the amendment can be sent to parliament to be voted on.
But it still needs to be voted on, and that is now resheduled for Tuesday.
Supposedly. |
Ozz: Breeding is about all they do! That and smoke a fruity pipe, drink tea and eat biscuits.. |
Do they have to still vote on the budget in its entirety? |
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