Qubad Tal­a­bani: part of oil rev­enue goes to Kur­dis­tan

The Kurdish Globe - - NEWS -

The KRG and the Cen­tral Iraqi Gov­ern­ment have reached a fi­nal agree­ment over the share of the bud­get and oil ex­ports. Ac­cord­ing to the agree­ment be­tween the par­ties, the Er­bil ad­min­is­tra­tion will trans­fer 250,000 bar­rels of oil on a daily ba­sis from its pro­duc­tion in the Kur­dish Re­gion and 300,000 bar­rels of oil from pro­duc­tion in Kirkuk to the Iraq Oil Min­istry.

It has been men­tioned in the agree­ment that the Cen­tral Gov­ern­ment will al­lo­cate 17 per­cent of the Iraqi bud­get to the Kur­dish Re­gional Gov­ern­ment.

The agree­ment came after Iraqi and Kur­dish of­fi­cials held talks in Bagh­dad. Kur­dish of­fi­cials in­clud­ing Prime Min­is­ter Nachir­van Barzani, Dep- uty Prime Min­is­ter Qubad Tal­a­bani and Nat­u­ral Re­sources Min­is­ter Ashti Hawrami met three times with the Iraqi of­fi­cials un­der the pres­i­dency of Iraqi Prime Min­is­ter Haider alAbadi.

Oil was a strong trump card in the hands of Kurds in their re­cent talks with Iraq that led to a deal be­tween Er­bil and Bagh­dad on rev­enue shar­ing and the sta­tus of the Pesh­merga forces, Deputy Prime Min­is­ter Qubad Tal­a­bani said last Wed­nes­day

“I do not agree with the (opin­ion) that th­ese ne­go­ti­a­tions and the re­sults are an in­di­ca­tion of the fail­ure of the Kur­dish oil pol­icy,” Tal­a­bani told re­porters. “KRG's oil pol­icy has not failed.”

Tal­a­bani said that with- out a suc­cess­ful oil pol­icy the Kurds wouldn’t have been able to en­ter ne­go­ti­a­tions with the Fed­eral Gov­ern­ment.

Tal­a­bani said the Kur­dish Gov­ern­ment would still be able to sell its oil after it de­liv­ers the amount of oil agreed on in Bagh­dad.

“In ad­di­tion to the 250,000 bar­rels of oil we give to Bagh­dad, we will also feed our re­finer­ies and will use the rest to pay back our debts through the sales we have made pre­vi­ously,” he added.

Tal­a­bani said that the deal would help to re­duce ten­sions that had in­creased be­tween Iraq and the au­ton­o­mous Kur­dish Re­gion in re­cent months. “With our agree­ment with Bagh­dad we passed the stage of ten­sions be­tween the two sides and we are in a tran­si­tional pe­riod which is a tran­si­tional so­lu­tion,” he said.

Newspapers in English

Newspapers from Iraq

© PressReader. All rights reserved.