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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Kurdistan reveals the details of its oil file and the mechanism of the agreement with Baghdad

    Rocky
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    Kurdistan reveals the details of its oil file and the mechanism of the agreement with Baghdad Empty Kurdistan reveals the details of its oil file and the mechanism of the agreement with Baghdad

    Post by Rocky Fri Jun 17, 2022 8:17 am

    [size=30]Kurdistan reveals the details of its oil file and the mechanism of the agreement with Baghdad[/size]


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    Erbil (Kurdistan 24) - The Kurdistan Regional Government clarified today, Friday, the mechanism of agreement with the federal government regarding oil imports, confirming work to establish two oil companies, while it denied smuggling gasoline from the center and south to the provinces of the region.
    And the Iraqi News Agency (INA) quoted the spokesman for the regional government, Jutiar Adel, as saying that “negotiations with Baghdad are continuing regarding the oil and budget files and the rest of the files,” noting that “the Kurdistan Regional Government agreed with the current Prime Minister Mustafa Al-Kazemi regarding these two files, which ended with the 2021 budget agreement. ".
    He added that "many wonder about the Kurdistan government's failure to hand over oil imports to the center, as it was agreed, according to the budget law, to hand over 250,000 barrels of oil to SOMO after auditing the region's expenditures and imports, and it was agreed to hand over the center to the region of 320 billion dinars per month until the audit is done, except It was reduced to 200 billion dinars for no reason, noting that "the issue of negotiating with the federal government over the oil file has taken a lot from the life of the current government's cabin."
    And he indicated that "the territorial government provided all the information to the Federal Financial Supervision Bureau (revenues, expenditures and property), but the federal government sent during the current year only three payments as (200) billion dinars per month."
    He stressed, "the need for coordination between the two governments, as any break in the relationship will affect the two parties with many issues," explaining that "the Ministry of Natural Resources in Kurdistan works according to Iraqi law, and the lawsuits continue between Baghdad and Erbil regarding the oil file."
    Adel pointed out that "the Kurdistan Regional Government is continuing to negotiate with the Center on the oil file, and the legal procedures in the court expect a settlement in its favour."
    Adel stated that "the Kurdistan Regional Government has a contract with Turkey for a period of 50 years to transport oil only through the Turkish Ceyhan and not to sell it," explaining that "the Kurdistan Regional Government is now working to establish two oil companies: the first in the name of (Kroc) Company, which is specialized in oil exploration, and the ("Kurdistan") company. Como), which specializes in the export and marketing of oil.
    He stated that "this is the last paper presented to Baghdad regarding the oil file."
    Production and selling prices of the region's oil
    Adel stated that "the region produces 400 to 420,000 barrels of oil per day, most of which is exported, and 25,000 barrels remain for local consumption," explaining that "this quantity is sent to the (Kar) refinery to produce about one million liters of gasoline and the rest of other derivatives."
    And he indicated that "the price of a barrel of oil in the region is different from the price of a barrel of oil in the federal government because of" the cost of extracting oil in Kurdistan is 3 times greater than the cost of extracting it in the rest of Iraq because of the terrain and oil specifications.
    He stressed that "there is an agreement with the company (Deliot), which is considered the first, which calculates the other expenses of the oil extraction process," explaining that "all numbers and reports regarding production and export operations are announced every three months to public opinion, and we plan to announce them monthly, which will include the number of extracted and exported barrels. and selling prices and costs.
    OPEC Plus Agreement
    The regional government spokesman added that "the regional government has committed to the OPEC Plus agreement in larger quantities than is required."
    petrol smuggling
    Adel answered the question of the reporter of the Iraqi News Agency (INA), about smuggling 7 million liters of gasoline per day from the governorates of central and southern Iraq to the region, that "there is no smuggling, and there is coordination between the two governments to stop smuggling and cooperate in all areas legally."
    Gasoline prices in the region
    And he added, "The Kurdistan Regional Government agreed with Baghdad to send 1.5 million liters of gasoline per day, but this quantity did not reach completely, and the transmission stopped since the first of May until now," explaining that "Baghdad sent this quantity only twice during that period, at a price of 650 Dinars per liter are paid in cash with the calculation of transportation fees of 20 dinars per liter, and 20 dinars for petrol stations, bringing the price of its sale to the citizen in the provinces of the region to 690 dinars.
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