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.