Bagh­dad ac­cepts KRG’s eco­nomic in­de­pen­dence: KDP of­fi­cial

The Kurdish Globe - - FRONT PAGE -

The Iraqi gov­ern­ment isn’t op­posed to Kur­dish Re­gional Gov­ern­ment ex­port­ing its own crude oil in­de­pen­dently, Kur­dish of­fi­cial says.

Bagh­dad sup­ports the “eco­nomic in­de­pen­dence” of the Kur­dish Re­gional Gov­ern­ment (KRG) and is not op­posed to it selling its oil in­de­pen­dently, a mem­ber of the Kur­dis­tan Demo­cratic Party main­tained.

The Iraqi gov­ern­ment isn’t op­posed to Kur­dish Re­gional Gov­ern­ment ex­port­ing its own crude oil in­de­pen­dently, Kur­dish of­fi­cial says.

Bagh­dad sup­ports the “eco­nomic in­de­pen­dence” of the Kur­dish Re­gional Gov­ern­ment (KRG) and is not op­posed to it selling its oil in­de­pen­dently, a mem­ber of the Kur­dis­tan Demo­cratic Party main­tained.

“Bagh­dad is not against Er­bil selling its own oil,” Ardalan Nured­din, a mem­ber of the Kur­dis­tan Demo­cratic Party told Anadolu Agency.

“One can even say it sup- ports Er­bil>s eco­nomic in­de­pen­dence and no longer con­sid­ers this a prob­lem as it did in the past,” he said.

If the KRG could sell its own oil, he added, “It would earn a great deal of in­come, al­low­ing it to over­come its cur­rent eco­nomic cri­sis.”

Ac­cord­ing to a monthly ex­port re­port for June is­sued by the KRG>s Nat­u­ral Re­sources Min­istry, Er­bil>s crude oil ex­ports – cur­rently over­seen by Iraq’s SOMO oil mar­ket­ing com­pany – missed its tar­get last month by some 400,000 bar­rels per day (bpd).

Er­bil also com­plains that Bagh­dad has failed to pro­vide it with its full share of Iraq>s na­tional bud­get, sig­nal­ing re­peat­edly in re­cent months that it would look to al­ter­na­tive so­lu­tions for selling its oil.

Ac­cord­ing to a deal signed last De­cem­ber be­tween Bagh­dad and Er­bil, the Iraqi gov­ern­ment should pro­vide Er­bil with 17 per­cent of the na­tional bud­get.

In re­turn, Er­bil agreed to ex­port 300,000 bpd from Kirkuk, and another 250,000 bpd from north­ern Iraq un­der SOMO’s su­per­vi­sion.

Bagh­dad, how­ever, says the KRG has yet to de­liver the promised oil from Kirkuk.

«Both sides want to re­solve the prob­lems stem- ming from oil sales and bud­get al­lot­ments,» Nured­din said, adding that rep­re­sen­ta­tives of both Bagh­dad and the KRG were plan­ning to meet in hopes of re­solv­ing the twin is­sues.

«The KRG be­lieves a new oil and bud­get agree­ment must be reached with Bagh­dad,» the Kur­dish politi­cian said.

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