Baghdad and Erbil agree to set up committees to solve the problems and pay dues of oil companies

Fri, 14 Sep 2012: 8:30

Agencies:


Ministers agreed on the governments in Baghdad and Erbil, Thursday, on the formation of a joint bilateral committees for scrutiny and resolve outstanding problems and payment of dues of oil companies in the region in light of the budget law.

A statement released today by the Office of the Deputy Prime Minister Ruz Nuri Shawis on the sidelines of a meeting of ministers of oil and finance and trade in the governments in Baghdad and Erbil and received "Alsumaria News", a copy of "the conferees agreed to resolve the outstanding problems between the two governments," stressing that "the meeting concluded agreed to form a joint bilateral committees for scrutiny and resolve outstanding problems and payments to the oil companies in the region in light of the budget law. "

The statement added that "the minister in two governments also agreed to continue exporting oil through the pipeline of government, and raise the production of the region to 200 thousand barrels per day, as a first stage, taking into account the increase for the coming year."

It is noteworthy that the meeting was sponsored by the Deputy Prime Minister Ruz Nuri Shawish included both the Minister of Finance in the Federal Government Rafie al-Issawi and Oil Minister in the Federal Government Abdul Karim defect and Commerce Minister in the federal government Khairallah Babiker and Chairman of Supreme Audit Abdul Basit Turki and Minister of Natural Resources in Kurdistan Iachta Hawrami and a number of officials in the Ministry of Finance for the Kurdistan region.

The severe crisis has erupted between Baghdad and Erbil on the back off the Kurdistan region in (the first of April 2012) pumping oil because of the dispute over financial dues to oil companies operating in it.

The origin of the renewed ancient dispute between the governments in Baghdad and Erbil to oil contracts concluded by the region and which Baghdad deems illegal, while the region say they are based on the Iraqi constitution and the bilateral agreements signed with the federal government.
Source: Alsumaria News


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