Kurds and Bagh­dad No Fi­nal Oil Agree­ment..!!

The Kurdish Globe - - NATIONAL - By Saadula Aqrawi

Yea, No fi­nal agree­ment was reached to re­sume oil ex­ports from the Kur­dis­tan re­gion yet, but I be­lieve that the Kurds are very close to re­solv­ing this prob­lem very soon."

In re­cent years, the Kurds have an­tag­o­nized Iraq's Shi'ite led cen­tral gov­ern­ment by sign­ing deals on their own terms with in­ter­na­tional oil com­pa­nies in­clud­ing Exxon Mo­bil, To­tal and Chevron Corp.

Bagh­dad say­ing it alone has the right to con­trol ex­plo­ration and ex­port of the world's fourth largest oil re­serves, while the Kurds in­sist their right to do so is en­shrined in Iraq's fed­eral con­sti­tu­tion, drawn up fol­low­ing the U.S.-led invasion in 2003.

The Iraqi gov­ern­ment and the Kur­dish Gov­ern­ment, have reached a pro­vi­sional, seven-point agree­ment that in­cludes re­vis­it­ing a stalled fed­eral hy­dro­car­bon law and an amended 2013 bud­get, a de­vel­op­ment that that might re­sult in the re­sump­tion of Kur­dish oil ex­ports if con­cluded.

In re­sponse to Iraq's trou­bling , Wash­ing­ton should pres­sure Bagh­dad to leave the KRG's monthly fund­ing in­tact and in­crease the al­lo­ca­tion for oil cost re­cov­ery.

The dis­cus­sions re­sulted in agree­ment by the KRG to end a boy­cott of par­lia­ment by Kur­dish deputies who with­drew in March over the con­tentious bud­get they said did not con­tain a pro­vi­sion for ad­e­quate pay­ments to the KRG for oil debt.

The KRG halted oil ex­ports through the fed­eral pipe­line sys­tem in Jan­uary be­cause of the row with Bagh­dad over pay­ment to for­eign con­trac­tors op­er­at­ing in the Kur­dish prov­ince.

Tur­key has two main op­tions for de­vel­op­ing its en­ergy re­la­tion­ship with the Iraqi Kurds this year. First, the Turk­ish Petroleum In­ter­na­tional Com­pany (TPIC) could in­vest in the KRG's up­stream oil sec­tor in the same way that ExxonMo­bil, Chevron, To­tal, and scores of other firms have done. This op­tion, which has firm sup­port through­out the Turk­ish gov­ern­ment, is more of a "tac­ti­cal" ap- proach -- that is, Turk­ish firms may seek prof­itable in­vest­ments in north­ern Iraq, but Ankara would stop short of lever­ag­ing Tur­key's ge­o­graphic po­si­tion as a po­ten­tial ex­port route for KRG hy­dro­car­bons.

Since 2003, the stronger econ­omy of Iraqi Kur­dis­tan has at­tracted around 20,000 work­ers from other parts of Iraq.

Al­ter­na­tively, Ankara could agree to a gamechang­ing "strate­gic" en­ergy com­pact with the KRG, with Tur­key re­ceiv­ing high­vol­ume Kur­dish oil and/or gas ex­ports in­de­pen­dently of Bagh­dad. In that sce­nario, new pipe­lines would need to be built within Tur­key and the KRG. Like­wise, novel and legally untested mar­ket­ing and fi­nan­cial ar­range­ments would be re­quired to mon­e­tize the re­sources, since the ar­range­ments nor­mally prof­fered by the State Oil Mar­ket­ing Or­ga­ni­za­tion of Iraq would not ap­ply if Bagh­dad were cir­cum­vented.

Now it’s ob­vi­ous that the Arab Peo­ples in Mid­dle East Coun­tries , are un­able to reach their (spring) and I be­lieve that it was a wrong de­scrip­tion of the po­lit­i­cal Chang­ing and civil war that have fol­lowed the Arab rev­o­lu­tions . And I be­lieve that the Kur­dis­tan its one na­tion in the Mid­dle East, it’s be­gin­ning to look like free­dom and pros­per­ity just might be bloom­ing. “Peo­ple are be­gin­ning to talk about the shine Fu­ture, not the Arab Spring,”

where Our coun­try stands af­ter the U.S. invasion 2003.? From Iraqi Kur­dis­tan, the U.S. war looks like an ex­tra­or­di­nary suc­cess.

Kur­dis­tan is a democ­racy, though an im­per­fect one; the ter­ri­tory is peace­ful and the econ­omy is boom­ing , For­eign in­vestors are pour­ing though gleam­ing new air­ports to in­vest, es­pe­cially in Kur­dish Oil fields. Exxon, Chevron, Gazprom and To­tal are among the multi­na­tion­als to sign deals with the re­gional gov­ern­ment. A new pipe­line from Kur­dis­tan to Tur­key could al­low ex­ports to soar to 1 mil­lion bar­rels a day within a cou­ple of years.

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