PM Barzani: Er­bil wants to make new deal with Bagh­dad

Kur­dis­tan Re­gion has met all terms of pre­vi­ous agree­ment but Bagh­dad has not, says Barzani

The Kurdish Globe - - NEWS -

The Kur­dis­tan Re­gional Gov­ern­ment (KRG) Prime Min­is­ter Nechir­van Barzani has called for a new oil ex­port agree­ment with the Iraqi cen­tral gov­ern­ment, as Bagh­dad is not com­mit­ted to the cur­rent agree­ment.

In De­cem­ber 2014, the Iraqi cen­tral gov­ern­ment and the KRG signed an agree­ment re­gard­ing oil ex­port, in which the KRG com­mit­ted to ex­port 550,000 bar­rels per day, in re­turn Bagh­dad was to al­lo­cate 17% of the Iraqi na­tional bud­get to the KRG.

Dur­ing a visit to Su- leimaniya to meet with gov­ern­ment of­fi­cials and party lead­ers, PM Barzani told re­porters, “The Kur­dis­tan Re­gion has fully met the terms of the agree­ment but Bagh­dad has not.”

Kur­dis­tan PM con­tin­ued, “The agree­ment was signed based on the Iraqi Bud­get Plan for 2015, 17% of which should be sent to the KRG in re­turn for ex­ports of 550,000 bpd by the KRG through the Iraqi State Oil Mar­ket­ing Or­ga­ni­za­tion (SOMO).

“If Bagh­dad wants to act as a buyer of KRG oil then we’re fine but a new agree­ment should be adopted ac­cord­ingly.”

The Iraqi gov­ern­ment de­posited IQD 543 bil­lion into KRG cof­fers last week on May 4th.

“The amount, how­ever, is much less than what Bagh­dad had to pay KRG for April only, and this is clear ev­i­dence that Bagh­dad does not fol­low the agree­ment,” KRG claimed.

The orig­i­nal state­ment con­tained a pro­viso that one party has the right to re­peal the agree­ment if the other one fails to fol­low it.

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