 "Everyone ought to realise by now that Baghdad intend to get their own way, control all and to use Simon Watkins words, "subsume Kurdistan into Iraq"."
God you're slow.
Baghdad have aspired to get their own way, control all and subsume Kurdistan into Iraq since the fall of the Ottoman Empire more than a hundred years ago Sarah, they've tried every trick in the book including bombing them gassing them invading them strangling them financially and they're no closer now than they were a hundred years ago.
And the Constitution, the highest law in the land which the Iraqi Government signed up to, doesn't allow it.
The Kurds are in the strongest position they've ever been in and could bring down the whole political process should it come to that.
And they control the flow of oil from northern Iraq.
In only 8 months Baghdad will no longer have the ability to prevent their oil exports, hence this statement the day after Barzani returned from meetings with Erdogan and Hakan Fidan in Ankara..
2 weeks ago - "KRG Spokesperson Peshawa Hawramani said that as the country enters a new fiscal year, Erbil is insistent that the current situation cannot go on. The Kurdistan Region will have to make decisions that may affect the political stability of Iraq, we will not accept it and this Rejection will not be just words. If they continue to violate the Kurdistan Region, the Kurdistan Region will have to decide, withdrawal from the Iraqi political process is certainly a possibility."
So try to keep up and stop posting drivel. |
ERBIL (Kurdistan24) Kurdistan Region Prime Minister Masrour Barzani has expressed his surprise over unexpected changes made to an approved plan for oil production costs and the Iraqi parliament's failure to vote on it this week. The delay could pose a new challenge to restarting Kurdistan Region oil exports that have been suspended for nearly two years, according to a news report from Bloomberg News.In November, Iraq's cabinet approved a plan to allocate $16 per barrel for oil production and transportation from the Kurdistan Region. The Iraqi parliament, after two readings, was scheduled to vote on the budget on Tuesday; however, the vote was deferred following last-minute changes to the agreed-upon draft."We were all expecting the parliament to vote on a draft that was agreed to by all of us the federal government, the Kurdistan Region, and the international oil companies," the premier said in an interview during the World Economic Forum in Davos. "I was very surprised that there is an alternative draft without consulting with us."The parliamentary developments underscore ongoing disputes over oil production costs, which have stalled the full resumption of oil exports via a key pipeline that transports around 500,000 barrels per day from the Kurdistan Region to Turkey's Mediterranean port of Ceyhan.The pipeline has been inactive since March 2023, when Turkey halted operations following an arbitration court ruling that ordered Ankara to pay Iraq $1.5 billion in damages. Turkey initially cited the need for repairs after two major earthquakes in February 2023 as the reason for the shutdown but later stated the pipeline was ready for operation, leaving the decision to resume flows in Iraq's hands. |
Everyone ought to realise by now that Baghdad intend to get their own way, control all and to use Simon Watkins words, "subsume Kurdistan into Iraq".
After the Court of Appeal's decision it was only a matter of time before Baghdad acted and made their next move. I did tell you ages ago Baghdad meant business this time.
Could Trump come to the Kurds aid and alter the situation? |
Statement on the amendment to the federal budget to resume oil exportsAfter extensive meetings and efforts to amend the federal budget law in the Council of Representatives to resume oil exports from the Kurdistan Region, and despite the first and second readings, unfortunately a vote failed to take place at the final moment yesterday.We were surprised to learn that a proposal by the representative of the federal government in the Council of Representatives was submitted unilaterally, without the input of the Kurdistan Regional Government or approval by the federal Council of Ministers. This proposal contradicts the previous decision of the federal Council of Ministers regarding the amendment of the budget law to restart oil exports from the Kurdistan Region.These efforts harm Iraq as a whole, deepen existing problems, and do not serve the interests of resolving disputes. Moreover, these recent efforts and the proposal violate the Constitution, and we reject them outright.The proposal that we agreed to must be put to the vote.Peshawa Hawramani Spokesman of the Kurdistan Regional Government |
Sheikhan - Per barrel: $29.74."
That's $514k to GKP and $714k per day to the KRG at 48kbpd and the rest to MOL. |
"Significant volumes of KRG crude oil are currently being traded on the domestic market in Erbil.
KRG Oil Market Prices as of Today:-
Sheikhan - Per barrel: $29.74." |
Bigdog - "Looks like he's realised who is in control. Erbil not in a good place for negotiating now."
"In practice, I don't think we have the ability to prevent this," Barzani said, and called the deal "unconstitutional."
But if you cut us in on the deal we might let you export it. |
It's not going to happen. Every man and his Dog knows what's under shaikan. And that's why we are at this impasse today |
Kevc6723 Jan '25 - 15:30 - 717373
Thanks for that, I've always wondered whether the $150m approx per month KRG share of local sales is being accounted for. |
If all the money goes to Baghdad and they reimburse $16/barrel for costs, what does the company receive? Just the $16, or something more, or something less? |
John on Twitter appeared from nowhere.I thought he was someone from here.Pretty straight imo.Posts a lot of news. |
Probably already posted. 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. |
Iraq and BP are expected to sign a multi-billion dollar agreement over four oil and gas fields in Kirkuk in the first week of February.
"In practice, I don't think we have the ability to prevent this," Barzani said, but called the deal "unconstitutional."
Looks like he's realised who is in control.
Erbil not in a good place for negotiating now.
Could Trump be the last card Erbil has to play? |
I think Sudani will have to make a statement shortly. He's beginning to lose his credibility, imo. |
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
Share
font
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. |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
