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Talabani reveals talks to form a federal oil marketing company that includes Kurdistan
12:17 - 15/03/2021
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The information / Baghdad…
Vice President of the Kurdistan Regional Government, Qubad Talabani, revealed the latest developments in the agreement with the federal government regarding the region’s share in the 2021 budget, while clarifying the issue of the region’s agreement with Turkey on oil.
"We have a prior agreement with the Iraqi government, and this agreement was included in the draft budget, after which the entire project was sent to the Iraqi parliament," Talabani said in a statement seen by the information, pointing to "discussions with the Finance Committee in the House of Representatives in this regard."
He added, "Until the moment, there is no alternative proposal to the proposal that was included in the draft budget by the federal government, and as a result, the implementation of the law must be by the federal government and the regional government."
He continued, "We have also stressed repeatedly that to direct the economic and financial situation of the federal government towards the right path, the law must be enforceable," adding: "In this regard, we consider that the text that we agreed upon with the Iraqi government is the best text and is able to be implemented by the two governments."
And on the accusation of the region of pledging its oil to Turkey for a period of 50 years, Talabani asserted, “There is no truth to what is said about selling the region’s oil for a period of 50 years to Turkey, and all that exists is an agreement to transport and market oil across Turkish territory, as is the case with the federal government like this agreement.” .
He explained, "In the discussions with the Federal Oil Minister, we requested the establishment of a federal marketing company that includes the collection of components and that within this formation will be representatives of the region in the event that the region's oil is marketed through the SOMO company." Ended 25
Vice President of the Kurdistan Regional Government, Qubad Talabani, revealed the latest developments in the agreement with the federal government regarding the region’s share in the 2021 budget, while clarifying the issue of the region’s agreement with Turkey on oil.
"We have a prior agreement with the Iraqi government, and this agreement was included in the draft budget, after which the entire project was sent to the Iraqi parliament," Talabani said in a statement seen by the information, pointing to "discussions with the Finance Committee in the House of Representatives in this regard."
He added, "Until the moment, there is no alternative proposal to the proposal that was included in the draft budget by the federal government, and as a result, the implementation of the law must be by the federal government and the regional government."
He continued, "We have also stressed repeatedly that to direct the economic and financial situation of the federal government towards the right path, the law must be enforceable," adding: "In this regard, we consider that the text that we agreed upon with the Iraqi government is the best text and is able to be implemented by the two governments."
And on the accusation of the region of pledging its oil to Turkey for a period of 50 years, Talabani asserted, “There is no truth to what is said about selling the region’s oil for a period of 50 years to Turkey, and all that exists is an agreement to transport and market oil across Turkish territory, as is the case with the federal government like this agreement.” .
He explained, "In the discussions with the Federal Oil Minister, we requested the establishment of a federal marketing company that includes the collection of components and that within this formation will be representatives of the region in the event that the region's oil is marketed through the SOMO company." Ended 25
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