Iraqi Oil: Erbil agreement will raise oil production and wait Barzani

This agreement is on how much oil they agreed that Kurdistan will push to sell.

Remember that Baghdad want them to produce 300 to 400 million barrels a day, then we see that Mahdi had an agreement to the amount of 150 million barrels! and there may be other stuff in the agreement that we did not see!

   Sunday, October 15 2 / November 2014 13:32
 

Twilight News / announced Oil Minister Adel Abdul-Mahdi, that the agreement signed with the Kurdistan Region recently, will double its oil production in Iraq, at the time referred to the upcoming visit of the President of the Government of the Territory to Baghdad.

alt Abdul-Mahdi said at a news conference in Baghdad with a number of conservatives in the country, "the agreement signed with Erbil will guarantee us two days before the Iraqi oil production of oil has doubled, and Kirkuk, which may be due to the production."

Mahdi said, "We are awaiting the visit of President of the Kurdistan Regional Government, Barzani to complete oil talks and resolve all problems."

And oil production rates in Iraq, the minister said, "We passed the three million barrels per day," referring to the decline in world oil prices and their impact on the Iraqi oil market.

The two sides reached Baghdad to Erbil agreement during a meeting in Arbil, the President of the Government of the Territory included Barzani and his deputy Qubad Talabani and Iraqi Oil Minister Adel Abdul-Mahdi.

The disagreement between the two sides going back for years about the management of oil wealth. And cut off Baghdad Kurdistan's share of the state budget, including the salaries of the staff of the region earlier this year because of differences on the export of Kurdish oil.

Baghdad says it is the sole owner of the right to enter into contracts and export of oil out of the country and threatened to sue international companies that buy oil from the source of the Kurdistan Region.

But the region confirms that the country's laws allow him to manage the oil fields in its territory and entered into contracts over the past years with international oil giants.

Since last May, the region began to export its oil to international markets through its own pipeline to the Turkish port of Ceyhan.

The region produces about 300 thousand barrels per day to 400 thousand barrels per day by the end of this year.

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Mashhadani: Baghdad, Erbil agreement is a positive step we wish to promote the release of a comprehensive political reconciliation

   Sunday, October 16 2 / November 2014 13:54


Twilight News / welcomed the leader of the national list, Mahmoud al-Mashhadani agreement between Baghdad and Erbil on the sale of oil, which announced yesterday the first.

Mahmoud al-Mashhadani, head of the national parliamentary bloc, stated in an interview for "Twilight News", that the agreement between the provincial government and the central government is a positive step We hope that promotes the release of a comprehensive political reconciliation with opponents or aggrieved on the political process and not their positions known terrorist entities.

He noted the need for a positive political climate that currently experienced by the country in order to gain more supporters of the political process, which was born in April 2003 after the investment.


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  Commission on oil and energy: Baghdad and Erbil agreement will help to bridge the budget deficit

Newspaper Voices of Iraq reported that a member of the Commission on oil and energy parliamentary MP Ibrahim Bahr al-Ulum said that the Federal Government and the Government of the Territory agreement on the budget on issues related to the general budget and oil exports to "positive", and among that this step will help in bridging the "deficit" next year's budget and passed , favored the possibility of exporting oil through the Kirkuk region.

Said Bahr al-Ulum, MP for the coalition of state citizen, the newspaper Voices of Iraq "The agreement, which was (before yesterday) between Baghdad and Erbil, on budget and export of oil is a positive step calculates the Federal Government and the leadership of the oil sector," noting that "this step will be followed by other steps, particularly the upcoming visit of the President of the Government of the Territory. "

Bahr al-Ulum said that "the economic effects of this very good agreement being absorb nearly half a million barrels of the region's oil future in the general budget, as well as having a great likelihood that efforts are being made in order to re-Kirkuk oil system and the export of oil through the territory tubes", stressing that "These steps push more production and export of oil and improve the overall 2015 budget expected to fill part of the fiscal deficit, especially if oil prices fell below $ 80 per barrel."

According to the paper that the Bahr al-Ulum said that "the closest to the solution and the better is resolving the situation between the Kurdistan region and the implementation of the terms of the political agreement that was agreed upon by the political blocs before the formation of the government," pointing out these items Item 17 requires the federal government launch a predecessor to the region, and that the granting of the region's oil production to the Federal Government through the Federal Ministry of Oil. "

He favored a member of the Commission on oil and energy parliamentary "The agreement represents a positive factor to pass the 2015 budget, especially that the agreement between Baghdad and Erbil provides money to the state to cover some of the deficit, which the state will face next year."


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