What a great guy JG was ! |
Yep and herin lies the rub. Someone in Kurdistan is getting very rich off the current status quo. Too many fingers in pies. This is the problem. |
 https://x.com/KurdistanWatch/status/1882449594245673018 KRG Oil Market Prices as of Today: Significant volumes of KRG crude oil are currently being traded on the domestic market in Erbil. However, the KRG Ministry of Finance has recorded zero revenue from these transactions. There are no official statements or reports detailing these sales, raising serious concerns about transparency. Reports indicate that the proceeds are being privately acquired by select officials, primarily members of the Barzani family, including Masrour Barzani and Mansour Barzani and their sons, who maintain substantial controlling interests in the oil distribution network.In an effort to address this issue, the Iraqi government has proposed an amendment to the federal budget. This new clause aims to close the loophole by requiring the KRG to return revenues from oil sales, including those conducted on the domestic market.KRG Oil Prices in Erbil's Markets by Oilfield as of today, 23rd January 2025:Atrush Per ton: $290 Per barrel: $39.56Khurmala Per ton: $272 Per barrel: $37.11Tawke Per ton: $265 Per barrel: $36.15Oryx Per ton: $235 Per barrel: $32.06Sheikhan Per ton: $218 Per barrel: $29.74 |
I would say these latest developments might just prompt KRG to have another go at Independence. Rightly so in my view. |
I guess the other hypothetical we dont know is, what happens if they do revert back to the old amendment. Whats the likelihood of this getting voted through if the non Kurdish politicians decide they all want a bit of oil revenue pie as well. Are there enough in the latter camp to vote against it? |
 KRG condemns Baghdad’s unilateral budget proposal
Kurdistan
breaking
KRG
budget bill draft
Iraqi federal government
Peshawa Hawrami
KRG condemns Baghdad’s unilateral budget proposal
2025-01-23 15:04
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Shafaq News/ On Thursday, Kurdistan Regional Government’s (KRG) spokesperson Peshawa Hawrami criticized the Iraqi federal government for unilaterally submitting a revised budget proposal to Parliament without prior consultation with the KRG.
“The move replaces a previously agreed-upon draft between the two governments,” he told Shafaq News.
Hawrami explained that despite extensive meetings and persistent efforts to amend the federal general budget law to enable the resumption of oil exports from the Kurdistan Region, the agreed draft was unexpectedly altered and presented in a different form at the final stage.
He expressed alarm over the federal government’s unilateral actions. “Submitting a new proposal without prior coordination with the KRG or approval by the federal Council of Ministers undermines prior agreements and established protocols,” he said.
“This approach erodes trust and exacerbates Iraq’s crises, diverting attention from finding effective solutions.”
Hawrami called for immediate corrective action. “We firmly reject the revised proposals. The Federal Council of Ministers must reinstate the agreed-upon draft, approve it, and submit it to Parliament for a proper vote,” he stressed.
Notably, Hawrami’s remarks followed an announcement by MP Firas Al-Muslmawi, from the State of Law bloc, on January 21, confirming that the Iraqi Parliament had received an amended version of the federal budget law from the Baghdad government.
So the KRG reject the revisions. What's next I wonder? |
Ha yes that would be something |
Id laugh if it was John Gerstenlauer (ex COO & CEO GKP) 😆 |
Also quite mad to think that Al Sudani stood up in parliament in December and urged everyone to vote for the amendment. And then went and sucker punched it on the day of the vote. Had almost forgot about that. |
If BP get established how will that affect quotas? |
No Bob it's not me, but he does seem able to access what's going on quite quickly and he does seem to be genuine.
I don't know who he is but so far he's given no reason to doubt him that I can see. |
The closer we get to September I would anticipate either Iraq folds or we go with better terms from KRG-Turkiye |
Who is John on Twitter btw. Do they grace this board? Habs is it you? |
Trumps back in charge,let's get everything out there and sort it out once and for all.Show the medievals in Baghdad for what they really are.If it means pulling away from the nutters then so be it.Timing couldn't be better to sort this lot out. |
https://www.bloomberg.com/news/articles/2025-01-23/kurdistan-surprised-by-iraq-parliament-delaying-oil-cost-vote |
Im beginning to think the issue is that the ICG have realised they need the Kurds on board for the BP deal. IF that is the case the BP will be pushing for it as part of the deal.I doubt Trump is done either. So this is not over yet.
IMO |
"BP-Iraq Kirkuk agreement must include Kurdistan, says region's prime minister.
One way for the Kurds to get involved in the negotiations would be to meet with BP officials separately from the Iraqi government.
The Kurds will use their ties with U.S. government to push the Iraqis and BP to involve them."
Hehehe, Kurds barging in, love it.
"In practice, I don't think we have the ability to prevent this," Barzani said, but called the deal "unconstitutional."
The deal IS unconstitutional and hence illegal, and the Kurds may not be able to prevent it without going to court but they certainly can and already have prevented that oil being exported through the Iraq-Turkey pipeline.
Last week - "Abdul Ghani said that the deal will raise production to 500kbpd which will be sent to local refineries".
Cut us in on the deal and we might let you export it. |
"In addition there's even more signs that Baghdad seek to control all as a few of us mentioned ages ago!!"
Indeed Sarah, but no brownie points I'm afraid. Baghdad have been seeking control for a hundred years and they're no closer now than they were then:-
Text of the statement of the Kurdistan Regional Government.
"We were surprised that a proposal was sent to the House of Representatives unilaterally by the representative of the federal government in the House of Representatives without consulting the Kurdistan Regional Government.
These efforts will harm the whole of Iraq, deepen the problems and do not serve to resolve the issues.
Therefore, we reject these attempts and proposals in any way."
So,try again.
john@john - "Revisions to budget amendment being discussed.... expect it to come back for a vote soon...." |
If this touches the 140s today I'll be buying hand over fist |
Rudaw Digital The Kurdistan Regional Government (KRG) has said that a proposal to amend the budget law on oil exports has been sent to the Iraqi parliament without their knowledge and consultation. Text of the statement of the Kurdistan Regional Government: After several meetings and efforts to amend the federal budget law by the House of Representatives and resume oil exports, although the first and second reading, but unfortunately at the last moment, was not voted on.We were surprised that a proposal was sent to the House of Representatives unilaterally by the representative of the federal government in the House of Representatives without consulting the Kurdistan Regional Government or being voted on by the Federal Council of Ministers By amending the budget bill for the export of oil from the Kurdistan Region.These efforts will harm the whole of Iraq, deepen the problems and do not serve to resolve the issues. Therefore, we reject these attempts and proposals in any way. Therefore, the proposal we have agreed upon must be put to a vote. Spokesperson of the Kurdistan Regional Government |
hxxps://de.marketscreener.com/kurs/index/S-P-GSCI-PETROLEUM-INDEX-46869201/news/Exklusiv-BP-Irak-Kirkuk-Abkommen-muss-Kurdistan-einbeziehen-sagt-der-Premierminister-der-Region-48850335/ |
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