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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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    The dispute over the oil file fuels relations between Erbil and Baghdad

    Rocky
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    The dispute over the oil file fuels relations between Erbil and Baghdad Empty The dispute over the oil file fuels relations between Erbil and Baghdad

    Post by Rocky Tue 19 Jul 2022, 4:55 am

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    [size=52]The dispute over the oil file fuels relations between Erbil and Baghdad[/size]

    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45](  Baghdad (AFP)[/size]
    [size=45]Oil and its revenues have returned to a point of contention between the Iraqi federal government and the Kurdistan region, while these current tensions threaten Resulting from endless political skirmishes, weakening the desire of foreign investors to go to Iraq. Since the beginning of the year, strained relations between the autonomous Kurdistan region and Baghdad have manifested in the judiciary.[/size]
    [size=45]Erbil believes that the central government is seeking to seize control of the region's oil wealth, while Baghdad demands that It has its say in managing the oil resources that are extracted from   the Kurdistan region. Iraq is the second largest oil country in the Organization of Petroleum Exporting Countries (OPEC), and it exports An average of 3.3 million barrels of crude oil per day. As for Kurdistan, it produces more than 450 thousand barrels per day. It is impossible to understand this dispute between the two parties without returning to the political crisis that has paralyzed Iraq since the elections Legislature in October 2021. The political leaders in the region, as in Baghdad, are unable to agree on the name of a new prime minister and president of the republic .[/size]
    [size=45]Researcher Bilal Wahab of The Washington Institute for Near East Policy believes that “With regard to the oil file, Each side uses the carrot and stick method, and that depends on the prevailing political atmosphere.” .[/size]
    [size=45]"When there was a political agreement, the courts remained silent," he says. And the opposite happened when the disagreements started.” In February, the Federal Supreme Court in Baghdad ordered the Kurdistan Region to hand over oil produced on its territory To the central government, granting Baghdad the right to review and cancel oil contracts with the region Federal that a law passed in Kurdistan in 2007 to regulate the oil and gas sector, is contrary to the constitution.[/size]
    [size=45]Since then, the Iraqi government has been trying to implement this decision. At the invitation of the Iraqi Oil Ministry, a court in Baghdad in early July canceled four Contracts between the Kurdistan region and Canadian, American, British and Norwegian companies. Other foreign companies, whose decision is expected to be decided by the same court, also warned a senior official in The oil sector in Baghdad in an interview with Agence France-Presse, preferring to remain anonymous. The Economist in the Middle East Economic Survey MEESYasar al-Maliki, for his part, said that “when Baghdad expels foreign oil companies from Iraqi Kurdistan, This does not give Iraq the image of an important oil-producing country, which welcomes foreign investment.” The Kurdistan region opened the door to negotiations in order to preserve its independence in the field of oil. He is working on the establishment of two companies concerned with oil exploration and marketing, working in partnership with Baghdad. Federal government according to a spokesman for the local government in Erbil.[/size]
    [size=45]However, in early June, the region initiated two moves in the judiciary, one of them targeting the Iraqi Oil Minister, Ihsan Ismail, Erbil accuses him of trying to "intimidate" foreign companies operating in Kurdistan, according to a statement.[/size]
    [size=45]Bilal Wahhab believes that the two sides do not realize to what extent they “damage the public reputation of the Iraqi energy sector.” He adds that “the questioning of the sanctity of contracts … adds legal risks to other risks.” Regulatory and governance-related problems that Iraq suffers from,” adding that the dispute between the two parties “repels foreign investments.” Iraq desperately needs it.” In a victory for Baghdad , Schlumberger and Baker Hughes announced and HalliburtonIt will not submit «new projects in the Kurdistan region in compliance with the decision of the Federal Court». She added that "it is now in the process of liquidating and closing the existing tenders and contracts."[/size]
    [size=45]Relations between Baghdad and the Kurdistan region, which has been autonomous since 1991, are witnessing constant fluctuation.[/size]
    [size=45]Theoretically, the Kurdistan region was supposed to deliver 250,000 barrels of oil per day to be exported From Baghdad, in return for a share of the general budget paid as salaries to government employees and other expenses. But Erbil never delivered the oil, and payments from Baghdad were not regular[/size]
    [size=45]In recent weeks, missile attacks, not claimed by any party, targeted oil or gas sites in the region. Experts see this as an attempt to put more pressure on the Kurdistan Democratic Party, which is in power in the country Erbil, given that the dispute over the oil file is closely linked to the political crisis.[/size]
    [size=45]The Kurdistan Democratic Party, which is allied with the influential Shiite cleric in Iraq Muqtada al-Sadr, seeks to He gets the post of the presidency, which is usually held by his political opponents from the Patriotic Union of Kurdistan.[/size]
    [size=45]Yasar al-Maliki explains that “the sequence of events shows that this crisis began when the Kurdistan Democratic Party approached From the Sadrist movement, confronting the coordination framework backed by Iran,” referring to an alliance that brings together several parties Shiite parties.[/size]
    [size=45]But "Iraq is a country based on compromises," according to al-Maliki.[/size]
    [size=45]In order to end the oil dispute with Erbil, al-Maliki believes that the best solution is a “political agreement.” Baghdad guarantees the adoption of a "flexible" law regulating the management of the oil file.[/size]
    [size=45]The expert adds that “pending this, the decision of the Federal Supreme Court will remain a sword of peace for Kurdistan.” [/size]
    [size=45][You must be registered and logged in to see this link.][/size]

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