Signs of the crisis of the "big" between Erbil and Baghdad caused $ 10 billion

Admin Sun Oct 27, 2013 9:18 am

Remember this article / [/b]Arbitration proceeding on Kurdish contract started By Dana Gas, this one in under HCL News[/b]

This article is unique to say the least, too
this is one is on the budget, but it is all about the dealing with the oil too!

Sunday, November 27 1 / Okrudolf 2013 08:51

Twilight News / revealed the Kurdistan Alliance bloc, Sunday, all signs of a new crisis between Arbil and Baghdad due to the federal budget for next year is to be discussed in the cabinet soon, indicating that the budget included a penalty clause costing the region $ 10 billion.

And entered Baghdad and Erbil in September of last year the final agreement included an obligation to export 250 thousand barrels of oil per day compared to the federal government's commitment to pay the dues of foreign companies.

The provincial government says that Baghdad had not paid the dues of foreign oil companies operating in the region, which drove her to reduce or stop the extraction of oil.

A member of the bloc Mohammad Qasim for "Twilight News", "The draft federal budget for 2014 included a penalty clause against the Kurdistan Region spends deduct the amount of 10 billion dinars from the region's share of the budget because of the lack issued for 250 thousand barrels of oil per day during the past period."

Mohammed said that "under condition Aldzaúi which is within the budget in the region will not get in 2014 only on budget of only $ 4 billion," expected "to see the budget debates in the House of Representatives big problems."

He continued that "the Kurdistan Alliance ministers in the Council of Ministers and will pass the minority clause even if it refused to do so," pointing out that "put clause did not discuss the reason behind the non-oil-exporting region."

It is expected to begin Cabinet this week, the discussion of the draft 2014 budget, which amounted to about 176 trillion dinars.

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