[size=30]“Kroc” and “Como” .. a Kurdish proposal to establish two companies to solve the oil problem with Baghdad
2022-06-17
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Yes Iraq: Baghdad
Today, Friday, the Kurdistan Regional Government revealed new proposals submitted to Baghdad to resolve the dispute over the region’s oil, while these proposals are summarized in the establishment of two companies in the region, namely “Krok”, which means exploration, and “KOMO” which is concerned with marketing, which mimics the Federal Marketing Company. Sumo.
The spokesman for the Kurdistan Regional Government, Jutiar Adel, said that "negotiations with Baghdad are continuing regarding the oil and budget files and the rest of the files," noting that "the Kurdistan Regional Government has 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 not handing 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 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 Office of Financial Supervision (imports, 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 interruption in the relationship will affect the two parties with many issues," explaining that "the Kurdistan Ministry of Natural Resources operates according to Iraqi law, and that lawsuits continue between Baghdad and Erbil regarding the oil file."
He pointed out that "the Kurdistan Regional Government continues to negotiate with the Center on the oil file, and that 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 a company ( Como), which is specialized in the export and marketing of oil," noting that "this is the last paper presented to Baghdad regarding the oil file."
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