White House: Biden Barzani thanks to thecommitment of the Kurds in the fight against Daesh

Wednesday 31 August 2016 21:34

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Alsumaria News / Baghdad
The White House announced on Wednesday that US Vice President Joe Biden thanked the President of the Kurdistan region of Iraq, Massoud Barzani, the commitment of the Kurds in the fight against “Daesh.”

The White House said according to “Reuters”, that “Joe Biden, US Vice President thanked the President of Iraqi Kurdistan Massoud Barzani, the Kurdish commitment in the fight against al Daesh, in a telephone conversation between the two on Wednesday.”

He added that the White House, “Biden also reiterated US support for close cooperation between the Iraqi government and the Kurdistan Regional Government.”

It raises attempts “Daesh” to impose its control over Syria and Iraq concern to the international community, as expressed several countries, including Arab and foreign “concerned” about the attempts to organize this, before the international coalition led by Washington airstrikes sites organized in different parts of the two countries.

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Oil Minister in Arbil to support the Kurdistan oil and economically

 

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Said Deputy Kurd in the Iraqi parliament, on Wednesday, for an expected visit to the Iraqi Oil Minister, Jabbar and coffee, to the city of Erbil, the capital of the Kurdistan region, pointing out that the Minister of Natural Resources in the Kurdistan Regional Government will travel in turn to Baghdad later, in order to discuss the implementation of the oil accord former signed between the two governments, and the Federal Territory (the end of 2015 during a visit to the former Iraqi oil Minister Adel Abdul-Mahdi to Arbil).

MP for the Kurdistan Democratic Party bloc in the Iraqi parliament, Hakhuan Abdullah, said in a press statement: “It is scheduled to pay Iraq’s oil minister, Jabbar Laibi visit to Arbil, while the Minister of Natural Resources will be in the Kurdistan Regional Government Ashti Hawrami, in turn, visited Baghdad Later “.

Adding that: “The aim of these visits is to discuss the former oil agreement signed between Baghdad and Erbil, the ways and mechanisms applied details.”

Comes the upcoming visit of the Iraqi minister to Arbil, after the visit by the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and the accompanying delegation to him to Baghdad during the past two days, and his meeting with senior Iraqi officials, led by Iraqi Prime Minister Haider al-Abadi, where the two sides discussed the subject of production and distribution of oil and the rights of Kurdistan and Kirkuk province has been agreed to hold technical talks between the ministries of the federal oil and natural resources in the region in this regard, according to a statement to the provincial government issued after the meeting.

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Kurdish oil flows next to the Government of Iraq

 

Posted: 31.08.2016 | 14:24 GMT | News Press

Iraqi Kurdistan oil

Iraqi Kurdistan oil

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The newspaper “Kommersant” touched on the dispute between Baghdad and the Kurdistan region of Iraq about the export of energy resources, and pointed out that Iraq is actually no longer a unified state.

It came in an article in the newspaper:

Iraq’s central government announced the possibility of the sale of crude oil through Iran in the event of the failure of talks with Erbil on crossing across the Kurdistan region of Iraq. The warning came from Baghdad to prepare for the transfer of oil through the territory of the neighboring country as a result of a dispute between Iraq’s central authorities and the autonomous region on the export of energy resources.

The issue of the export of oil have shown that Iraq, who loses the possibility of transfer of energy resources through its territory, no longer existed in practice as a unified state.

The plans of the Iraqi State Oil Marketing Organization (SOMO) to hold talks next week with Iraq’s Kurdistan authorities about the prospects for passage of oil, the supplier via the oil pipeline, which is supervised by the Kurds and which is exported through Turkish territory to Ceyhan.

Deputy Oil Minister Fayyad grace and stressed that “in the event of failure of the negotiations, we will find a way to sell our oil through Iran or any other countries because we need money.”

A source for “Reuters” that if the talks fail, it can supply Iraqi oil to Iran through swap contracts (swap contracts). This means that Iran Iraqi crude oil, which gives it sent to refineries to it, and gives Iraq an equivalent amount of its crude oil for export from the Persian Gulf.

And referred to the “Kurdish oil tube” is now transported nearly 75 thousand barrels per day, which is less than twice before taking Baghdad’s decision to stop pumping through the pipeline in March / March 2016.

It seems that the Kurds are ready to conclude an agreement with Baghdad if guaranteed them a monthly income from the transit of US $ billion, instead of $ 400 million, it received the last time about a year ago, to stop after that for the export of oil to Baghdad, and seek to export the black gold that Kirkuk is produced independently to other countries.

Mikhail Krotejen a consultancy agency partners, “Ross Anerga” describes the situation Bahaik He says that “Baghdad has no control over the situation because the bulk of Iraqi oil exported through Turkey is being produced in the Iraqi Kurdistan region.”

However, the dispute between the Iraqi government and the Kurdistan Regional Government on underground resources is disagreement in principle. Baghdad has confirm that autonomy does not grant Kurds the right to sign any independent contracts, and export all operations must be channeled through the government pipeline. While the Kurds argue that the Iraqi constitution gives them the right to sign contracts without going back to the center in.

For his part, press secretary for the Iraqi government Ali al-Dabbagh confirmed that oil exports from Kurdistan to Turkey are illegal and contrary to the Constitution. He added that “oil and gas must remain, the property of all Iraqis, and that the sale revenues must be returned to the state treasury.”

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Parliamentary Finance reveal L / balance News / deficit ratio in 2017 budget

 

economy

Since 31/08/2016 17:53 pm (Baghdad time)

Special – balances News

The chairman of the parliamentary Finance Committee Ahmed Kanani, Wednesday, that the percentage of the budget deficit in 2017 amounted to about $ 32 trillion, between that until now there are no solutions to address the deficit.

He said Kanani, L / balance News /, that “the government pressured state institutions through the operating budget for the year 2017 and tried to reduce them as much as possible,” noting that “the deficit in next year’s budget amounted to about $ 32 trillion.”

He added that “At the moment there are no solutions to eliminate the deficit, but rising oil prices,” explaining that “there is a loan from the World Bank would help resolve the crisis part of the budget until the end of the year.”

And ratified the Council of Ministers, earlier, the draft 2017 budget after it was read during the session. It ended 29

From: Haidar Almitm

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President of the Parliament of Massoud Barzani: Do not be afraid of Baghdad rode immediately reported

 

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The head of the Iraqi parliament, Saleem al-Jubouri, said the country’s constitution allows the independence of Kurdistan .lavta that the two principles of cooperation and confidence in key sectors to work together in Iraq.

Jubouri In a press statement, commenting on the issue of the referendum on self-determination scheduled to take place in the province of Kurdistan, and the secession of the province from Iraq, said that “the Iraqi constitution allows this option and its mechanism effective” Adding that “cooperation and trust two principles key sectors to work together in Iraq,” stressing said “Tqoathma and promote more.”

Iraq’s new constitution of 2005 stipulates that the Republic of Iraq a federal state and the guarantor of the unity of the Constitution.

Under the constitution, as long as the authorities in Baghdad remained committed to the Constitution and its provisions remain united Iraq governed by the principle of partnership, otherwise it is the right of the Kurdistan Regional secession.

And according to informed sources, the Prime Minister of the Kurdistan Region, Nechirvan Barzani, Kurdistan raise the issue of the independence referendum and quite frankly in his talks with senior Iraqi officials, including prime ministers and parliament Haider Abadi and Saleem al-Jubouri.

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Airlines opened routes between Baghdad and the Iranian Abadan

 

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Instructed the Transport Minister Kazem cup, to open direct air routes between airports in Baghdad and Iran’s Abadan.

He cup in a statement the Ministry of Transport that “the opening of the new line represents a breakthrough for the integrated vision of the Ministry of Transportation to expand the prospects of working with the outside world in order to communicate and provide the service greater than the passenger number,” adding that “the new line, which will launch in the near future will not pass over the skies Kermanshah, which will help to shorten the journey time and alleviating the burden on travelers which will give greater opportunity to move between the two neighboring countries, Iraq and Iran. “

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Restructuring Iraqi oil player seeking more capital

Gulf Keystone Petroleum offering new common shares to raise up to $25 million.
By Daniel J. Graeber Follow @dan_graeber Contact the Author   |   Aug. 31, 2016 at 7:38 AM

 

Open shares on the table in an effort to raise capital for Iraqi-focused oil player. Photo courtesy of Gulf Keystone Petroleum

LONDON, Aug. 31 (UPI) — A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital.

“The company announces that it has today launched an open offer for up to 2,294,295,672 new common shares in the company at a price of 0.8314 pence ($1.08) per share, to raise up to $25 million,” it said in a statement.

The company, which lists headquarters in London, reached an agreement last month with the majority of its creditors and shareholders to restructure its debt obligations. Andrew Simon in July stepped down as chairman, opening the door for non-executive director Keith Lough to help steer a $500 million debt conversion proposal.

The company is focused on developing the Shaikan oil field in the Kurdish north of Iraq. It said restructuring would support near-term plans to raise production from 40,000 barrels of oil per day to 55,000 bpd.

Last month, Norwegian oil and gas company DNO, which also has a strong Kurdish portfolio, made a $300 million bid for Gulf Keystone Petroleum. Last year, Gulf Keystone said it was looking for potential buyers or partners as part of a long-term strategic review, though top executives said more recently that restructuring was the best possible option to maintain value in reserves.

Mirabaud Securities said after the DNO bid surfaced that it came at the wrong time as the new management structure at Gulf Keystone could help the company rebound.

The company said the open offer for shares was in coordination with its restructuring efforts.

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