Kurdistan oil deepens the rift between Arbil and Baghdad

26-02-2015 01:26 PM BAGHDAD / News Iraq,

Ahmad does not seem to financial oil dispute between Baghdad and Erbil difficult portrayed by some politicians, they are mainly from the remnants of the previous government, headed by Nouri al-Maliki,

like the waste that is complicated because of the accumulation, and the accumulation of crises and crowded, making tough immediate solutions investigation.

But political observers, are afraid to repeat the series of justifications followed by governments after the US invasion in 2003, gluing all mistakes and failures, with the former regime, even after 12 years of his death.

inherited crisis and longer oil file and the exploitation of natural resources and one of the most prominent differences The central government and the Kurdistan Regional Government are trying to solve, to put an end to the old crisis between the two sides,

and the mechanism of implementing the agreement that was reached between the parties, especially the inherited and new financial crisis, impose its weight in the implementation.

The central government wants revenues to the treasury bankrupt, in order to pay the region’s share of financial, The provincial government wants money to reimburse the oil companies, and the restoration of infrastructure, and the payment of salaries, in order to fulfill the quantity of oil exports from the start ..?

And how ?, and how mutual trust. Parties President of the Kurdistan Regional Government, Nechirvan Barzani, accusing political parties unnamed not wanting in the evolution of relations between Baghdad and Erbil, and he is willing to address the joint to end the problems and stresses at the same time,

the central government does not have the money to pay for the region benefits, in order to be able to activate the production of and export of oil in the quantities, to support the state budget, while emphasizing the Prime Minister, Haider al-Abadi, that the Kurdistan Regional Government did not recognize the quantities of crude oil from the fields of Kurdistan,

as the oil agreement between the parties in order to Baghdad, you can pay the money to the Kurdish region.

In this regard, Baghdad and Erbil formed joint committees after mutual visits of several carried out by officials of both parties, to follow up on the main points of contention and access to solutions confirms everyone’s important to be unconstitutional. gravity of Kurdistan ,

according to political observer, Zaid al-Zubaidi, the mutual between the two charges are not substantial, and often are talking all parties, trying to block the agreements, especially the Kurdish side has a significant weight within the central government, through the Finance Minister Hoshyar Zebari, as well as Oil Minister Adel Abdul-Mahdi, who is close to the Kurdish leadership,

and it has in the past faction fighters in Kurdistan, along with the Peshmerga so centered talk about granting constitutional status of any agreements, be a future pillar, the post-Abadi stage, or those who try to put explanations and priorities, according to his own vision, or for special purposes. law and the Constitution and see the Ministry of Natural Resources in the government of the province,

said that the solution to the outstanding problems between the two sides will not be without approval of oil and gas law, noting that the Constitution guaranteed the right to territory in the investment of its natural resources, and that the presence of 40 foreign companies in legal territory.

acknowledges the recent agreement legal work of these companies through the application of the county government delivers 300 thousand barrels of oil per day , and this is impossible without the presence of foreign companies, which have are other dues.

, says advisor to the Ministry of Natural Resources, Ali Hussain Balou, the lack of legislation oil and gas law, impedes resolve differences between the parties’ efforts, stressing that the dispute over the export of oil and pay the expenses of companies foreign labor in the region has not yet been replaced,

unlikely to reach a final solution without the enactment of the oil and gas law, and recognition of the federal government to the principle of division of powers and wealth with the province and other provinces, and the abandonment of oil file management centrally Under previous laws, as he put it.

Side Parties adds , Blu, if not approve oil and gas law refers to ‘lack of seriousness of the central government in solving their problems with Erbil, the evidence is not displayed the oil and gas law, which was agreed upon in 2007 to the House of Representatives.

" As he says, Deputy Prime Minister for the former energy, Minister of Higher Education and the current scientific research, Hussain al-Shahristani, said: Baghdad and Erbil have yet to reach agreement on payments made ​​by oil companies operating in the region, she says the KRG The city of Baghdad has more than four trillion dinars to cover the costs of oil companies operating there.

not calm For its part, explained a member of the Commission on oil and energy parliamentary, Fatima Hamidi, the oil and gas law shifted from administrative law to political, because of political differences and regional interests, as described ,.

Observers point to the difficulty of finding a sustainable truce between Baghdad and Erbil in the absence of a constitutional solution, arguing that the differences may persist in light intersections which confer the Iraqi political scene with the participation of all parties.

http://www.ikhnews.com/index.php?page=article&id=136745

Oil prices set for another dive, former White House adviser says

Prices likely to fall sharply in the summer

  • By Alexander Cornwell, Staff Reporter
  • Published: 17:27 February 22, 2015


Image Credit: Reuters
Responders throw oil booms into the Kanawha River near Mount Carbon,
West Virginia. With the US producing record oil, politicians from oil rich
North Dakota say the export ban should be lifted.


Abu Dhabi: Global oil prices, enjoying a slight rebound following last year’s plummet, are set to dive again, according to a former Whitehouse energy adviser.


Global benchmark Brent crude closed trading at $60 a barrel on Friday while US crude closed at $50; both had touched $45 last month after losing around half their value in the second half of 2014.

Bob McNally, founder and president at Rapidan Group and a former energy adviser to the George W. Bush administration, told Gulf News by email “oil prices will fall sharply into the summer” due to excess supply on the market.
“The year began with some unexpected fundamental tightness due partially to a sharp drop in Iraqi loadings due to rough weather, the loss of Libyan supply, and winter-driven demand. But these factors should either reverse or be overtaken by mounting storage builds,” he said.

Oil prices began their descent last June because of a global glut driven by weak demand out of the world’s second largest economy, China, and increasing domestic production in the US.

Sustained weak oil prices could have significant repercussions on the global market. Oil producing states from the Organisation of Petroleum Exporting Countries (Opec), which produces around a third of the world’s oil, rely on oil revenues to stack government coffers and fund investment projects.

Infographic

Most oil-producing countries

Saudi Arabia, the United Arab Emirates, Kuwait and Qatar are all Opec members.

It also can impact US production which relies on expensive technology to extract shale oil from hard to reach rocks deep underground in a process called “fracking.” The low oil prices have shut down rigs in shale producing state North Dakota but production remained steady at 1.2 million barrels a day in January, according to oil data firm plats.

“Crude oil’s rebound was due to short covering by speculators as well as buying by some traders and investors who interpreted recent headlines about large cuts in capital expenditures and drilling rig counts by US shale oil producers,” said McNally.

“Buyers believe that these company announcements signal a sufficient supply response to low prices and are sufficient to put a bottom in crude prices, which are expected to bounce back toward the $70 range in coming quarters. Fundamental analysts, by contrast, believe it is too soon to expect a bottoming in oil prices,” he added.

http://gulfnews.com/business/oil-gas…says-1.1460830

Oil prices set for another dive, former White House adviser says

Prices likely to fall sharply in the summer

  • By Alexander Cornwell, Staff Reporter
  • Published: 17:27 February 22, 2015


Image Credit: Reuters
Responders throw oil booms into the Kanawha River near Mount Carbon,
West Virginia. With the US producing record oil, politicians from oil rich
North Dakota say the export ban should be lifted.


Abu Dhabi: Global oil prices, enjoying a slight rebound following last year’s plummet, are set to dive again, according to a former Whitehouse energy adviser.


Global benchmark Brent crude closed trading at $60 a barrel on Friday while US crude closed at $50; both had touched $45 last month after losing around half their value in the second half of 2014.

Bob McNally, founder and president at Rapidan Group and a former energy adviser to the George W. Bush administration, told Gulf News by email “oil prices will fall sharply into the summer” due to excess supply on the market.
“The year began with some unexpected fundamental tightness due partially to a sharp drop in Iraqi loadings due to rough weather, the loss of Libyan supply, and winter-driven demand. But these factors should either reverse or be overtaken by mounting storage builds,” he said.

Oil prices began their descent last June because of a global glut driven by weak demand out of the world’s second largest economy, China, and increasing domestic production in the US.

Sustained weak oil prices could have significant repercussions on the global market. Oil producing states from the Organisation of Petroleum Exporting Countries (Opec), which produces around a third of the world’s oil, rely on oil revenues to stack government coffers and fund investment projects.

Infographic

Most oil-producing countries

Saudi Arabia, the United Arab Emirates, Kuwait and Qatar are all Opec members.

It also can impact US production which relies on expensive technology to extract shale oil from hard to reach rocks deep underground in a process called “fracking.” The low oil prices have shut down rigs in shale producing state North Dakota but production remained steady at 1.2 million barrels a day in January, according to oil data firm plats.

“Crude oil’s rebound was due to short covering by speculators as well as buying by some traders and investors who interpreted recent headlines about large cuts in capital expenditures and drilling rig counts by US shale oil producers,” said McNally.

“Buyers believe that these company announcements signal a sufficient supply response to low prices and are sufficient to put a bottom in crude prices, which are expected to bounce back toward the $70 range in coming quarters. Fundamental analysts, by contrast, believe it is too soon to expect a bottoming in oil prices,” he added.

http://gulfnews.com/business/oil-gas…says-1.1460830

Erbil and Baghdad government .. "bankrupt", or oil does not accept play down differences?


President of Iraq’s Kurdistan Regional Government Nechirvan Barzani

Struggle beloved
18.02.2015

Back to the forefront features a new controversy oil between the KRG and the federal government, it was announced in Baghdad, said the Prime Minister Haider al-Abadi met Sunday with a delegation from the Kurdistan region, headed by President of the Region Government Barzani, and the transfer of a government source as saying that al-Abadi held talks with Kurdish delegation in the presence of ministers regarding points of contention in the oil agreement between Baghdad and Erbil, while a deputy for the Kurdish coalition, said the meeting discussed issues related to the political agreements and the National Guard and the presence of militants organize "Daash" in Mosul, as well as the oil agreement.

A delegation province Sunday morning arrived in Baghdad to discuss the oil agreement between Baghdad and Erbil, as advertised, and already, a delegation from the Oil and Energy Committee in the House of Representatives visited the Kurdistan region last week and met with the President of the provincial government, who confirmed the region’s commitment to the agreement with the federal government, calling on the Commission to deal with the two governments as a third party, and monitor the agreement and the process of addressing the problems.

A day after the visit of the delegation KRG President Barzani said that the Iraqi government does not have sufficient funds to pay the region’s share of the Iraqi general budget by 17%, attributing the reasons for this decline in oil prices, while the new region’s commitment to the agreement signed between Baghdad and Erbil, stressing that Visit the Kurdish delegation to Baghdad was aimed at reaching a solution to address the economic crisis experienced by the country, especially after the House approval of the budget bill for the current year.

Upon his return from Baghdad, Barzani said that the province entered into an agreement with the government described as "bankrupt," in reference to the government of al-Abadi, said at a news conference in Arbil, the region delegation went to Baghdad because they are bankrupt does not have the money and to create a mechanism for the implementation of the agreement between the two sides, pointing out that the agreement was the states that the central government to send about a trillion and two hundred billion dinars a month for the export of 550 thousand barrels of imports of Kirkuk and the region’s oil.

He said the President of Government of the Territory that Baghdad can not send that amount in light of the circumstances surrounding, and pointed out that Baghdad sent the equivalent of $ 300 million of the nearly one billion dollars, said the region refused the amount because it is small compared with what has been agreed, stressing that in the absence of Baghdad’s commitment to send the agreed allocations, the region in turn, would not commit to sending exports.

Barzani pointed out that Baghdad says it will send the region’s share based on the volume of exports minus sovereign expenses, pointing out that it means that the budget law in this case has no value.

He added that the region has an agreement with the Iraqi government on the basis of the 2015 budget, and added that the problem now is that Baghdad has no money granted to the region.

On the other hand, said an official at the presidency of the Kurdistan region, said the visit did not come to meet the results of ambition.

He said the struggle of Mahmoud, head of the provincial adviser, said the visit was born the impression to the province that the federal government is not serious about resolving the oil dispute between the parties, but added, saying that Baghdad had agreed to some of the terms of the region with respect to the export of oil, and promised to send the money when to have liquidity available.

In Baghdad, things were different, as described the Prime Minister’s Office Haider Abadi delegation visit the region was positive, said government spokesman tributary Jabouri that Iraq is undergoing a major economic challenge, adding to say that the Iraqis are partners in crossing this challenge.

Observers point to the difficulty of finding a sustainable truce between Baghdad and Erbil, in the absence of a constitutional solution, arguing that the differences may persist in light intersections which confer the Iraqi political scene with the participation of all parties, and sees economic analyst Hilal Taan that the absence of an agreement between the center and the region will affect the process of developing the economy Iraq, warning of the consequences of the case as it is between the two parties.

In light of these developments, the parties to participate in the political process of this oil unit differences between the Territory and the moral center and the possibility of returning to the forefront again, after announcing a deal to solve ..

He ruled out the National Alliance MP Salim Shawki arise a new political crisis between the governments in Baghdad and Erbil after the recent statements of the President of the Kurdistan Regional Government Nechirvan Barzani in which to stop the export of oil threatened due to the delay of Baghdad for the payment of Arbil from the budget, explaining that the federal government is the other will not risk creating a crisis Erbil with it and will not reach the level of disagreement between the two parties, stressing that the point of contention revolves around the controversy over the average daily oil export Arbil calculated by 550 000 barrels, while Arbil demanding that this figure will be calculated on average daily production during the year.

And between the Kurdistan Alliance MP Kawa Muhammad that stopping the export of oil is one of the options available to the provincial government for not honoring Baghdad obligations, noting that there were several meetings held in the Government and the Parliament of the region in addition to the political forces there to resolving this issue, stressing that the governments in Baghdad and Erbil agreed to do Kurdistan to export 550 000 barrels according to the annual rate, since it can not be guaranteed export a certain percentage of oil as may be faced with the export process of technical problems and other related weather conditions.

He says political analyst and confident Hashemi said the Iraqi government briefed the delegation provincial government the fact that the financial situation of Iraq, and by the Finance Minister, Hoshyar Zebari, noting that Iraq is experiencing a severe financial crisis, and that the Kurdistan that the province bears the Iraqi people endures all, because the causes of the current situation outside the will of the Iraqi government, noting that the province Abadi promised to meet each region benefits.

In a recent development, the head of the Turkmen bloc in the Kurdistan region of Iraq’s parliament said Aidan known KRG President Barzani would soon travel to Turkey to discuss what he called "political and economic issues."

It is said that the President of the Kurdistan Regional Government’s visit to Turkey comes on the heels of the delegation Government of the Territory with Baghdad on the recent agreement between Baghdad and Erbil.

Participated in the preparation of this report correspondents of Radio Free Iraq in Erbil Hamid Zebari, in Baghdad, Ahmed Rami Ahmed and wearability.

http://www.iraqhurr.org/content/article/26856534.html

Erbil and Baghdad government .. "bankrupt", or oil does not accept play down differences?


President of Iraq’s Kurdistan Regional Government Nechirvan Barzani

Struggle beloved
18.02.2015

Back to the forefront features a new controversy oil between the KRG and the federal government, it was announced in Baghdad, said the Prime Minister Haider al-Abadi met Sunday with a delegation from the Kurdistan region, headed by President of the Region Government Barzani, and the transfer of a government source as saying that al-Abadi held talks with Kurdish delegation in the presence of ministers regarding points of contention in the oil agreement between Baghdad and Erbil, while a deputy for the Kurdish coalition, said the meeting discussed issues related to the political agreements and the National Guard and the presence of militants organize "Daash" in Mosul, as well as the oil agreement.

A delegation province Sunday morning arrived in Baghdad to discuss the oil agreement between Baghdad and Erbil, as advertised, and already, a delegation from the Oil and Energy Committee in the House of Representatives visited the Kurdistan region last week and met with the President of the provincial government, who confirmed the region’s commitment to the agreement with the federal government, calling on the Commission to deal with the two governments as a third party, and monitor the agreement and the process of addressing the problems.

A day after the visit of the delegation KRG President Barzani said that the Iraqi government does not have sufficient funds to pay the region’s share of the Iraqi general budget by 17%, attributing the reasons for this decline in oil prices, while the new region’s commitment to the agreement signed between Baghdad and Erbil, stressing that Visit the Kurdish delegation to Baghdad was aimed at reaching a solution to address the economic crisis experienced by the country, especially after the House approval of the budget bill for the current year.

Upon his return from Baghdad, Barzani said that the province entered into an agreement with the government described as "bankrupt," in reference to the government of al-Abadi, said at a news conference in Arbil, the region delegation went to Baghdad because they are bankrupt does not have the money and to create a mechanism for the implementation of the agreement between the two sides, pointing out that the agreement was the states that the central government to send about a trillion and two hundred billion dinars a month for the export of 550 thousand barrels of imports of Kirkuk and the region’s oil.

He said the President of Government of the Territory that Baghdad can not send that amount in light of the circumstances surrounding, and pointed out that Baghdad sent the equivalent of $ 300 million of the nearly one billion dollars, said the region refused the amount because it is small compared with what has been agreed, stressing that in the absence of Baghdad’s commitment to send the agreed allocations, the region in turn, would not commit to sending exports.

Barzani pointed out that Baghdad says it will send the region’s share based on the volume of exports minus sovereign expenses, pointing out that it means that the budget law in this case has no value.

He added that the region has an agreement with the Iraqi government on the basis of the 2015 budget, and added that the problem now is that Baghdad has no money granted to the region.

On the other hand, said an official at the presidency of the Kurdistan region, said the visit did not come to meet the results of ambition.

He said the struggle of Mahmoud, head of the provincial adviser, said the visit was born the impression to the province that the federal government is not serious about resolving the oil dispute between the parties, but added, saying that Baghdad had agreed to some of the terms of the region with respect to the export of oil, and promised to send the money when to have liquidity available.

In Baghdad, things were different, as described the Prime Minister’s Office Haider Abadi delegation visit the region was positive, said government spokesman tributary Jabouri that Iraq is undergoing a major economic challenge, adding to say that the Iraqis are partners in crossing this challenge.

Observers point to the difficulty of finding a sustainable truce between Baghdad and Erbil, in the absence of a constitutional solution, arguing that the differences may persist in light intersections which confer the Iraqi political scene with the participation of all parties, and sees economic analyst Hilal Taan that the absence of an agreement between the center and the region will affect the process of developing the economy Iraq, warning of the consequences of the case as it is between the two parties.

In light of these developments, the parties to participate in the political process of this oil unit differences between the Territory and the moral center and the possibility of returning to the forefront again, after announcing a deal to solve ..

He ruled out the National Alliance MP Salim Shawki arise a new political crisis between the governments in Baghdad and Erbil after the recent statements of the President of the Kurdistan Regional Government Nechirvan Barzani in which to stop the export of oil threatened due to the delay of Baghdad for the payment of Arbil from the budget, explaining that the federal government is the other will not risk creating a crisis Erbil with it and will not reach the level of disagreement between the two parties, stressing that the point of contention revolves around the controversy over the average daily oil export Arbil calculated by 550 000 barrels, while Arbil demanding that this figure will be calculated on average daily production during the year.

And between the Kurdistan Alliance MP Kawa Muhammad that stopping the export of oil is one of the options available to the provincial government for not honoring Baghdad obligations, noting that there were several meetings held in the Government and the Parliament of the region in addition to the political forces there to resolving this issue, stressing that the governments in Baghdad and Erbil agreed to do Kurdistan to export 550 000 barrels according to the annual rate, since it can not be guaranteed export a certain percentage of oil as may be faced with the export process of technical problems and other related weather conditions.

He says political analyst and confident Hashemi said the Iraqi government briefed the delegation provincial government the fact that the financial situation of Iraq, and by the Finance Minister, Hoshyar Zebari, noting that Iraq is experiencing a severe financial crisis, and that the Kurdistan that the province bears the Iraqi people endures all, because the causes of the current situation outside the will of the Iraqi government, noting that the province Abadi promised to meet each region benefits.

In a recent development, the head of the Turkmen bloc in the Kurdistan region of Iraq’s parliament said Aidan known KRG President Barzani would soon travel to Turkey to discuss what he called "political and economic issues."

It is said that the President of the Kurdistan Regional Government’s visit to Turkey comes on the heels of the delegation Government of the Territory with Baghdad on the recent agreement between Baghdad and Erbil.

Participated in the preparation of this report correspondents of Radio Free Iraq in Erbil Hamid Zebari, in Baghdad, Ahmed Rami Ahmed and wearability.

http://www.iraqhurr.org/content/article/26856534.html

Erbil and Baghdad government .. "bankrupt", or oil does not accept play down differences?


President of Iraq’s Kurdistan Regional Government Nechirvan Barzani

Struggle beloved
18.02.2015

Back to the forefront features a new controversy oil between the KRG and the federal government, it was announced in Baghdad, said the Prime Minister Haider al-Abadi met Sunday with a delegation from the Kurdistan region, headed by President of the Region Government Barzani, and the transfer of a government source as saying that al-Abadi held talks with Kurdish delegation in the presence of ministers regarding points of contention in the oil agreement between Baghdad and Erbil, while a deputy for the Kurdish coalition, said the meeting discussed issues related to the political agreements and the National Guard and the presence of militants organize "Daash" in Mosul, as well as the oil agreement.

A delegation province Sunday morning arrived in Baghdad to discuss the oil agreement between Baghdad and Erbil, as advertised, and already, a delegation from the Oil and Energy Committee in the House of Representatives visited the Kurdistan region last week and met with the President of the provincial government, who confirmed the region’s commitment to the agreement with the federal government, calling on the Commission to deal with the two governments as a third party, and monitor the agreement and the process of addressing the problems.

A day after the visit of the delegation KRG President Barzani said that the Iraqi government does not have sufficient funds to pay the region’s share of the Iraqi general budget by 17%, attributing the reasons for this decline in oil prices, while the new region’s commitment to the agreement signed between Baghdad and Erbil, stressing that Visit the Kurdish delegation to Baghdad was aimed at reaching a solution to address the economic crisis experienced by the country, especially after the House approval of the budget bill for the current year.

Upon his return from Baghdad, Barzani said that the province entered into an agreement with the government described as "bankrupt," in reference to the government of al-Abadi, said at a news conference in Arbil, the region delegation went to Baghdad because they are bankrupt does not have the money and to create a mechanism for the implementation of the agreement between the two sides, pointing out that the agreement was the states that the central government to send about a trillion and two hundred billion dinars a month for the export of 550 thousand barrels of imports of Kirkuk and the region’s oil.

He said the President of Government of the Territory that Baghdad can not send that amount in light of the circumstances surrounding, and pointed out that Baghdad sent the equivalent of $ 300 million of the nearly one billion dollars, said the region refused the amount because it is small compared with what has been agreed, stressing that in the absence of Baghdad’s commitment to send the agreed allocations, the region in turn, would not commit to sending exports.

Barzani pointed out that Baghdad says it will send the region’s share based on the volume of exports minus sovereign expenses, pointing out that it means that the budget law in this case has no value.

He added that the region has an agreement with the Iraqi government on the basis of the 2015 budget, and added that the problem now is that Baghdad has no money granted to the region.

On the other hand, said an official at the presidency of the Kurdistan region, said the visit did not come to meet the results of ambition.

He said the struggle of Mahmoud, head of the provincial adviser, said the visit was born the impression to the province that the federal government is not serious about resolving the oil dispute between the parties, but added, saying that Baghdad had agreed to some of the terms of the region with respect to the export of oil, and promised to send the money when to have liquidity available.

In Baghdad, things were different, as described the Prime Minister’s Office Haider Abadi delegation visit the region was positive, said government spokesman tributary Jabouri that Iraq is undergoing a major economic challenge, adding to say that the Iraqis are partners in crossing this challenge.

Observers point to the difficulty of finding a sustainable truce between Baghdad and Erbil, in the absence of a constitutional solution, arguing that the differences may persist in light intersections which confer the Iraqi political scene with the participation of all parties, and sees economic analyst Hilal Taan that the absence of an agreement between the center and the region will affect the process of developing the economy Iraq, warning of the consequences of the case as it is between the two parties.

In light of these developments, the parties to participate in the political process of this oil unit differences between the Territory and the moral center and the possibility of returning to the forefront again, after announcing a deal to solve ..

He ruled out the National Alliance MP Salim Shawki arise a new political crisis between the governments in Baghdad and Erbil after the recent statements of the President of the Kurdistan Regional Government Nechirvan Barzani in which to stop the export of oil threatened due to the delay of Baghdad for the payment of Arbil from the budget, explaining that the federal government is the other will not risk creating a crisis Erbil with it and will not reach the level of disagreement between the two parties, stressing that the point of contention revolves around the controversy over the average daily oil export Arbil calculated by 550 000 barrels, while Arbil demanding that this figure will be calculated on average daily production during the year.

And between the Kurdistan Alliance MP Kawa Muhammad that stopping the export of oil is one of the options available to the provincial government for not honoring Baghdad obligations, noting that there were several meetings held in the Government and the Parliament of the region in addition to the political forces there to resolving this issue, stressing that the governments in Baghdad and Erbil agreed to do Kurdistan to export 550 000 barrels according to the annual rate, since it can not be guaranteed export a certain percentage of oil as may be faced with the export process of technical problems and other related weather conditions.

He says political analyst and confident Hashemi said the Iraqi government briefed the delegation provincial government the fact that the financial situation of Iraq, and by the Finance Minister, Hoshyar Zebari, noting that Iraq is experiencing a severe financial crisis, and that the Kurdistan that the province bears the Iraqi people endures all, because the causes of the current situation outside the will of the Iraqi government, noting that the province Abadi promised to meet each region benefits.

In a recent development, the head of the Turkmen bloc in the Kurdistan region of Iraq’s parliament said Aidan known KRG President Barzani would soon travel to Turkey to discuss what he called "political and economic issues."

It is said that the President of the Kurdistan Regional Government’s visit to Turkey comes on the heels of the delegation Government of the Territory with Baghdad on the recent agreement between Baghdad and Erbil.

Participated in the preparation of this report correspondents of Radio Free Iraq in Erbil Hamid Zebari, in Baghdad, Ahmed Rami Ahmed and wearability.

http://www.iraqhurr.org/content/article/26856534.html

Baghdad and Erbil oil deal on brink of collapse

February 17th, 2015

3.6 trillion dinars revenues beginning in 2015
Baghdad promised Shammari:

, confirmed the specialized parliamentary committees, said Tuesday that "Iraq’s oil revenues since the beginning of this year amounted to 3.6 trillion dinars," adding that "the federal government’s recent agreement with the Kurdistan region at risk in the event of failure to Access quick solutions", as reported that the Arbil owed ​​Baghdad trillion and 200 billion dinars, disagreed representatives in determining who Shortened to disable the recent talks.

He was the Prime Minister of the Kurdistan region, has ended last Sunday’s visit to Baghdad where he met with some federal officials to discuss about the implementation mechanism of the oil agreement agreement with the federal government, but this round seems they did not achieve positive results and the delegation returned to Erbil empty-handed.

A member of the Finance Committee in the House of Representatives, Jabbar Abdul Khaliq said in a statement to the "New Morning" that "the oil agreement between Baghdad and Kurdistan are at risk due to the lack agreement was reached during a tour of the discussions that took place early this week," warning "if the situation continues as it is, all previous understandings will be in vain."

He said Abdul Khaliq, MP for the rule of law, "according to the agreement, the territory binding deliver to 550 000 barrels a day." He explained that "we have not received more than 200 000 barrels of fields in the region and Kirkuk combined."

He pointed out that "Article X of the current year’s budget gives the right of a party to withdraw from the agreement if it breached the other party of its obligations," noting that "Erbil in custody the federal government during the month of January trillion and 200 billion dinars."

He completed by saying "We can not repay the debt that we have; we do not have sufficient cash flow for not honoring the region promises."

For his part, confirms the decision of the parliamentary committee, Kurdish lawmaker Ahmed flesh in an interview with "New Morning "that" the essence of the dispute between Baghdad and Erbil focus on delivery and imports of the region’s oil mechanism through Federal Marketing Company (SOMO)."

flesh and continued that "the Kurdistan Regional submitted a proposal to Baghdad that the delivery will be through the tables of the quarterly, or yearly," adding "But the federal government insists that the tables be daily."

The reverse than expected Abdul Khaliq, the meat believes that "round the failure of the talks is not the end of the road, and that there is the intention of the parties to resume the meetings as soon as possible."

in front of these two positions, for sure Kurdish lawmaker Kawa Muhammad that "Oil Minister Adel Abdel Mahdi told a number of members of the House of Representatives that he agreed to provide annual export tables."

He said Mohammed, a member of the Commission on oil and energy parliamentary that, "Abdul-Mahdi acknowledged is not possible to provide these tables a day, even in the controlled fields the federal government; it was not possible to predict what will happen in the future."

He pointed out that "the Kurdistan under the quarterly tables will be handed over Baghdad, 552 barrels per day and through progressive operations."

He revealed that "Iraq’s oil revenues since the beginning of the year does not exceed 3.6 trillion dinars," stressing "lack of this amount to the decline in oil prices and the lack of export", Msttrda "State employees need to 118 million dollars a day to pay their salaries and what is available in the treasury is not enough to him."

The Iraqi Council of Ministers decided, in (2 December 2014), approval of the agreement oil between the federal government and the Kurdistan Regional Government, which provides for delivery of the Kurdistan region of at least 250 thousand barrels of oil a day to the federal government in addition to 200 barrels of Kirkuk for export.

http://www.newsabah.com/wp/newspaper/38258

Baghdad and Erbil oil deal on brink of collapse

February 17th, 2015

3.6 trillion dinars revenues beginning in 2015
Baghdad promised Shammari:

, confirmed the specialized parliamentary committees, said Tuesday that "Iraq’s oil revenues since the beginning of this year amounted to 3.6 trillion dinars," adding that "the federal government’s recent agreement with the Kurdistan region at risk in the event of failure to Access quick solutions", as reported that the Arbil owed ​​Baghdad trillion and 200 billion dinars, disagreed representatives in determining who Shortened to disable the recent talks.

He was the Prime Minister of the Kurdistan region, has ended last Sunday’s visit to Baghdad where he met with some federal officials to discuss about the implementation mechanism of the oil agreement agreement with the federal government, but this round seems they did not achieve positive results and the delegation returned to Erbil empty-handed.

A member of the Finance Committee in the House of Representatives, Jabbar Abdul Khaliq said in a statement to the "New Morning" that "the oil agreement between Baghdad and Kurdistan are at risk due to the lack agreement was reached during a tour of the discussions that took place early this week," warning "if the situation continues as it is, all previous understandings will be in vain."

He said Abdul Khaliq, MP for the rule of law, "according to the agreement, the territory binding deliver to 550 000 barrels a day." He explained that "we have not received more than 200 000 barrels of fields in the region and Kirkuk combined."

He pointed out that "Article X of the current year’s budget gives the right of a party to withdraw from the agreement if it breached the other party of its obligations," noting that "Erbil in custody the federal government during the month of January trillion and 200 billion dinars."

He completed by saying "We can not repay the debt that we have; we do not have sufficient cash flow for not honoring the region promises."

For his part, confirms the decision of the parliamentary committee, Kurdish lawmaker Ahmed flesh in an interview with "New Morning "that" the essence of the dispute between Baghdad and Erbil focus on delivery and imports of the region’s oil mechanism through Federal Marketing Company (SOMO)."

flesh and continued that "the Kurdistan Regional submitted a proposal to Baghdad that the delivery will be through the tables of the quarterly, or yearly," adding "But the federal government insists that the tables be daily."

The reverse than expected Abdul Khaliq, the meat believes that "round the failure of the talks is not the end of the road, and that there is the intention of the parties to resume the meetings as soon as possible."

in front of these two positions, for sure Kurdish lawmaker Kawa Muhammad that "Oil Minister Adel Abdel Mahdi told a number of members of the House of Representatives that he agreed to provide annual export tables."

He said Mohammed, a member of the Commission on oil and energy parliamentary that, "Abdul-Mahdi acknowledged is not possible to provide these tables a day, even in the controlled fields the federal government; it was not possible to predict what will happen in the future."

He pointed out that "the Kurdistan under the quarterly tables will be handed over Baghdad, 552 barrels per day and through progressive operations."

He revealed that "Iraq’s oil revenues since the beginning of the year does not exceed 3.6 trillion dinars," stressing "lack of this amount to the decline in oil prices and the lack of export", Msttrda "State employees need to 118 million dollars a day to pay their salaries and what is available in the treasury is not enough to him."

The Iraqi Council of Ministers decided, in (2 December 2014), approval of the agreement oil between the federal government and the Kurdistan Regional Government, which provides for delivery of the Kurdistan region of at least 250 thousand barrels of oil a day to the federal government in addition to 200 barrels of Kirkuk for export.

http://www.newsabah.com/wp/newspaper/38258

Baghdad and Erbil oil deal on brink of collapse

February 17th, 2015

3.6 trillion dinars revenues beginning in 2015
Baghdad promised Shammari:

, confirmed the specialized parliamentary committees, said Tuesday that "Iraq’s oil revenues since the beginning of this year amounted to 3.6 trillion dinars," adding that "the federal government’s recent agreement with the Kurdistan region at risk in the event of failure to Access quick solutions", as reported that the Arbil owed ​​Baghdad trillion and 200 billion dinars, disagreed representatives in determining who Shortened to disable the recent talks.

He was the Prime Minister of the Kurdistan region, has ended last Sunday’s visit to Baghdad where he met with some federal officials to discuss about the implementation mechanism of the oil agreement agreement with the federal government, but this round seems they did not achieve positive results and the delegation returned to Erbil empty-handed.

A member of the Finance Committee in the House of Representatives, Jabbar Abdul Khaliq said in a statement to the "New Morning" that "the oil agreement between Baghdad and Kurdistan are at risk due to the lack agreement was reached during a tour of the discussions that took place early this week," warning "if the situation continues as it is, all previous understandings will be in vain."

He said Abdul Khaliq, MP for the rule of law, "according to the agreement, the territory binding deliver to 550 000 barrels a day." He explained that "we have not received more than 200 000 barrels of fields in the region and Kirkuk combined."

He pointed out that "Article X of the current year’s budget gives the right of a party to withdraw from the agreement if it breached the other party of its obligations," noting that "Erbil in custody the federal government during the month of January trillion and 200 billion dinars."

He completed by saying "We can not repay the debt that we have; we do not have sufficient cash flow for not honoring the region promises."

For his part, confirms the decision of the parliamentary committee, Kurdish lawmaker Ahmed flesh in an interview with "New Morning "that" the essence of the dispute between Baghdad and Erbil focus on delivery and imports of the region’s oil mechanism through Federal Marketing Company (SOMO)."

flesh and continued that "the Kurdistan Regional submitted a proposal to Baghdad that the delivery will be through the tables of the quarterly, or yearly," adding "But the federal government insists that the tables be daily."

The reverse than expected Abdul Khaliq, the meat believes that "round the failure of the talks is not the end of the road, and that there is the intention of the parties to resume the meetings as soon as possible."

in front of these two positions, for sure Kurdish lawmaker Kawa Muhammad that "Oil Minister Adel Abdel Mahdi told a number of members of the House of Representatives that he agreed to provide annual export tables."

He said Mohammed, a member of the Commission on oil and energy parliamentary that, "Abdul-Mahdi acknowledged is not possible to provide these tables a day, even in the controlled fields the federal government; it was not possible to predict what will happen in the future."

He pointed out that "the Kurdistan under the quarterly tables will be handed over Baghdad, 552 barrels per day and through progressive operations."

He revealed that "Iraq’s oil revenues since the beginning of the year does not exceed 3.6 trillion dinars," stressing "lack of this amount to the decline in oil prices and the lack of export", Msttrda "State employees need to 118 million dollars a day to pay their salaries and what is available in the treasury is not enough to him."

The Iraqi Council of Ministers decided, in (2 December 2014), approval of the agreement oil between the federal government and the Kurdistan Regional Government, which provides for delivery of the Kurdistan region of at least 250 thousand barrels of oil a day to the federal government in addition to 200 barrels of Kirkuk for export.

http://www.newsabah.com/wp/newspaper/38258

Top oil analyst: The worst is yet to come

Wednesday, 11 February 2015 10:21

Baghdad (AIN) -Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.

Tom Kloza, chief oil analyst at Oil Price Information Service,
predicted that oil prices would bottom during the second quarter of the year "simultaneously to one of the expirations of the WTI contracts."

He warned that the price of
West Texas Intermediate crude could be in the $30s at some point in the second quarter.

"I think the cycle has a long way to run out," Kloza said, adding that the spread between Brent and WTI could widen to about $10 or so.


"It’s still about oil shale, and the rig count is very misleading," Kloza said.


He noted that there were about 500,000 wells in the U.S. that produced fewer than 15 barrels of oil a day. "We’re gonna fill up in storage, and it doesn’t appear that there’s any way around that," Kloza said. "Some of the additional crude oil from the water will come to the United States simply because we have the facilities to store it."


Benchmark crude prices have more than halved in the last six months.


Brent crude fell about 3 percent on Tuesday, halting a three-session rally, after the International Energy Agency forecast that ample supplies will raise global inventories before investment cuts begin to significantly dent production.


Meanwhile, U.S. crude oil futures settled down $2.84 at $50.02 a barrel.


Last month, Kloza projected the average price for regular unleaded gas this year would be $2.49 per gallon, about $1.10 per gallon less than in 2014. /End/


http://www.alliraqnews.com/en/index.php/faq/64350-top-oil-analyst-the-worst-is-yet-to-come.html