Iraq seeks formal oil-export deal with Kurds

 Aug. 26, 2016 | 12:26 AM

Iraq’s resumption last week of oil shipments through a Kurdish-controlled pipeline bumped up its export capacity by 5 percent almost overnight. Now OPEC’s second-biggest producer is seeking a deal with the self-ruling Kurds to ensure it can maintain the increased flows. The central government in Baghdad has been locked in a dispute with the semiautonomous Kurdistan Regional Government in the north of Iraq since 2014, when the Kurds began selling their oil independently. In March, Iraq’s state-run North Oil Co. stopped using its only export route, the KRG’s pipeline to Turkey, for crude it pumped in Kirkuk province. The Oil Ministry ordered a restoration of these exports last week.

“We’re still waiting for an agreement on the details regarding who should receive the oil revenues,” Deputy Oil Minister Fayyad Al-Nima said Wednesday in a telephone interview.

The government is now exporting about 100,000 barrels a day from its Kirkuk fields, Nima said. Officials at the KRG’s Natural Resources Ministry didn’t immediately reply to requests for comment.

A formal accord could keep Iraq’s northern exports flowing smoothly, sustaining the producer’s recent increase in supply to global markets. Iraq has struggled to raise oil exports this year, due partly to its feud with the KRG, and a failure by the two sides to reach a political agreement could jeopardize the renewed shipments. The three Kirkuk fields – Baba Gorgor, Jambour and Khabbaz – can produce a combined 150,000 barrels a day for export.

“It looks like a very shaky foundation for the restart,” Richard Mallinson, an analyst at Energy Aspects Ltd. in London, said.

The central government and the KRG last reached a deal in December 2014, when they agreed that the Kurds would give Baghdad control of their exports in exchange for a full payment of their share of the federal budget.

Within six months, independent Kurdish exports had resumed, and each side was accusing the other of not meeting its obligations.

Iraq’s new oil minister, Jabbar al-Luaibi, fed hopes for a new agreement, saying on Aug. 15, his first day in office, that he saw ways to resolve the dispute.

“I don’t think it’s unreasonable to hope for two or three months of steady flows” of oil exports from Kirkuk, Robin Mills, chief executive officer of Dubai-based consultant Qamar Energy, said by phone.

“Beyond that it really depends. Does the new minister succeed in coming up with a more sustainable proposition?” he added.

Both governments could benefit from an agreement, not least because both are short of cash after more than two years of battling Daesh (ISIS) militants and weathering low oil prices. Iraq is exporting 3.8 million barrels a day, including oil sold by the KRG, Prime Minister Haider al-Abadi said Tuesday at a news conference.

“It’s in the interest of both governments to try and get as much revenue as they can at the moment,” Hannah Poppy, an analyst at The Risk Advisory Group in London, said by phone.

“It probably won’t be sustainable in the long term, simply because of the wider political disputes.”

http://www.dailystar.com.lb/Business/Regional/2016/Aug-26/368974-iraq-seeks-formal-oil-export-deal-with-kurds.ashx?utm_source=twitterfeed&utm_medium=twitter

 

Patriotic Union of Kurdistan: Abadi assured us that he would not stand in the way of the Kurds to self-determination

 

Kurdistan
By Roudao 3 hours ago
العبادي يستقبل وفد الاتحاد الوطني الكوردستاني
Ebadi receives the Patriotic Union of Kurdistan delegation

Roudao – Erbil

A highlevel delegation from the Patriotic Union ofKurdistan, met with Iraqi Prime Minister Haider alAbadi, said the Patriotic Union of Kurdistan ‘s political bureau member, said that “alAbadi told us that he would not stand in the way of the Kurds for selfdetermination.”

He met with high-level delegation from the Patriotic Union of Kurdistan’s political bureau, headed by Mullah Bakhtiar, Thursday, Iraqi Prime Minister Haider al-Abadi.

Revealed member of the political bureau of the Patriotic Union of Kurdistan, Saadi beer for the content of their meeting with al-Abadi, said “on the issue of the right to self-determination, Abadi announced he would not stand in the way of the right to self-determination, which is a project for all peoples and is installed in the international community.”

And transfer of beer from the San Abadi, as saying “We will not be steps to prevent access to this right, but we must reach an understanding among ourselves, but to stay together or break away, and we are delighted to be good neighbors.”

He described Saadi beer Meeting Party delegation of the Patriotic Union of Kurdistan with Abadi as significant and successful, he said, “The party delegation of the Patriotic Union of Kurdistan insisted on the rights of the Peshmerga, and explained that the Peshmerga will participate in the restoration of Mosul, which is acceptable to force the Nineveh components, and must talk about the respect and appreciation.”

And about the problems between the Peshmerga forces and the popular crowd, he said a member of the political bureau “We demanded an investigation into those who create problems in Tuz, and undermine security and social peace, to bring out the troops out of the cities, and handed over to the police.”

With regard to the problems between Erbil and Baghdad, beer, “he said Abadi, he re-confirmed with relations between the Kurdistan region and Baghdad to normal, and appreciation of the Peshmerga forces.”

“In regards to the issue of oil, emphasis was placed on the work of past agreements, and the conclusion of a new agreement between Baghdad and the Kurdistan region if necessary.”

In another aspect of the meeting, was addressed to the financial dues to the peasants of Kurdistan, said Saadi beer “decide money peasants Exchange, is scheduled to be sent via the premiums.”

It is noteworthy that a senior delegation from the party Patriotic Union of Kurdistan, headed by working body of the Political Bureau of the Party official, Mullah Bakhtiar, and membership of an organic political bureau of the Union is capable Aziz Saadi beer, and member of the union leadership, Khalid Shwani, began two days ago, a visit to the Iraqi capital Baghdad, meetings with a large number of officials in the Iraqi government and political parties.

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Bloomberg: resume the export of oil through the Kirkuk Kurdistan has increased the export capacity of Iraq

 

Ceyhan re Kirkuk oil receivers

 

Author: HAA
Editor: BK 25.8.2016 20:31 Number of Views: 57

 

Long-Presse / Baghdad

Confirmed economic site US, on Thursday, to resume pumping oil from the Kirkuk oilfields to the Turkish port of Ceyhan, has increased the energy exporting Iraq of five percent in just one day, he returned to the interest of Baghdad and Erbil Agreement on the oil file and obtain greater financial returns under the financial crisis they face.

The site said Bloomberg Bloomberg economic news, in a report today, I followed (range Press), “The Iraqi government is seeking an agreement with the Kurdistan Regional Government to ensure the sustainability of the flow of oil exports and increasing the quantity,” noting that “the resumption of Iraq pumping through Ceyhan passing a line across the territory of the Kurdistan region, after a stopover since last March, has increased the energy exporting country of five percent in just one day. “

The website quoted Deputy Oil Minister, Fayyad grace, saying, “The ministry is still waiting for an agreement with the KRG reached on the details of the party from whom you will receive oil revenues from this export,” noting that “the ministry is now exporting 100 thousand barrels per day of oil fields in Kirkuk. “

For his part, said economic analyst Richard Mallinson of Aanerjee Aspkedz Energy Corporation, in London, according to Bloomberg, “The Baghdad failed and Erbil to reach a political solution that would impede the new oil exports from the northern fields,” returned to “the foundations of the resumption of oil exports still fragile “.

But the British analyst, Hanna Bobby, the RSC Group consulting firm in London, opinion and always depending on the location, that “the governments in Baghdad and Erbil will benefit from their agreement on oil exports as long as they suffer from a financial deficit after more than two years to fight battles against Daesh accompanied by a decline in the prices crude, “adding that” the interests of the federal and Kurdish governments to obtain the maximum amount of revenue as a result. “

A source in the North Oil Company, said in an interview to the (long-Presse) on Wednesday, (24th of August now 2016), that the pumping operations to the Turkish port of Ceyhan “stable” at the rate of 100 thousand barrels per day, stressing that efforts are continuing to increase to 150 thousand bpd.

It is noteworthy that the North Oil Company, announced (18 August) the current, for the resumption of crude exports from its fields to the Turkish port of Ceyhan via the Kurdistan region, after a hiatus of five months, indicating that it produced 100 thousand barrels per day.

The Iraqi oil minister of the new, mighty and coffee, emphasized far awarded the confidence of the Iraqi Council of Representatives, on his appointment, in the (15-Yep 2016), on the possibility to resolve the oil dispute between the federal government and the Kurdistan Regional Government.

It is noteworthy that the three fields of Kirkuk could, Babacrker and Jambour and baker, combined to produce up to 150 thousand barrels per day for export.

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Abadi discuss with members of Congress to support the international community for Iraq

 

Political

Since 25/08/2016 19:39 pm (Baghdad time)

BAGHDAD – balances News

Search Prime Minister Haider al-Abadi, on Thursday, a member of the US Congress from the Republican Party, Senator John Cornyn, the support of the international community for Iraq to sustain the momentum of victories achieved.

According to a statement, received / balances News /, a copy of it, that “the Prime Minister Haider al-Abadi received, a member of the US Congress, Senator John Cornyn and his accompanying delegation, the Republican Party Talks during the meeting dealt with the fight against terrorism and the international community’s support for Iraq to sustain the momentum of victories achieved and the training and arming Iraqi forces battle of Mosul and humanitarian situation of the displaced and support Iraq in this area.

Park Senator Cornyn to Ebadi, “the victories achieved for our troops and, most recently today edit hand Qayyarah,” praising his leadership. “

He said Cornyn, according to the statement, that “Daesh global threat that must be confronted and eradicated” .anthy 29/9 P

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Toyota Japanese company to show Ebadi interest to invest in the Iraqi market

 

Thursday 25-08-2016 | 7:16:55

 J p
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Toyota Japanese company to show Ebadi interest to invest in the Iraqi market

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