27 May 2013
Yea, No final agreement was reached to resume oil exports from the Kurdistan region yet, but I believe that the Kurds are very close to resolving this problem very soon."
In recent years, the Kurds have antagonized Iraq's Shi'ite led central government by signing deals on their own terms with international oil companies including Exxon Mobil, Total and Chevron Corp.
Baghdad saying it alone has the right to control exploration and export of the world's fourth largest oil reserves, while the Kurds insist their right to do so is enshrined in Iraq's federal constitution, drawn up following the U.S.-led invasion in 2003.
The Iraqi government and the Kurdish Government, have reached a provisional, seven-point agreement that includes revisiting a stalled federal hydrocarbon law and an amended 2013 budget, a development that that might result in the resumption of Kurdish oil exports if concluded.
In response to Iraq's troubling , Washington should pressure Baghdad to leave the KRG's monthly funding intact and increase the allocation for oil cost recovery.
The discussions resulted in agreement by the KRG to end a boycott of parliament by Kurdish deputies who withdrew in March over the contentious budget they said did not contain a provision for adequate payments to the KRG for oil debt.
The KRG halted oil exports through the federal pipeline system in January because of the row with Baghdad over payment to foreign contractors operating in the Kurdish province.
Turkey has two main options for developing its energy relationship with the Iraqi Kurds this year. First, the Turkish Petroleum International Company (TPIC) could invest in the KRG's upstream oil sector in the same way that ExxonMobil, Chevron, Total, and scores of other firms have done.
This option, which has firm support throughout the Turkish government, is more of a "tactical" approach -- that is, Turkish firms may seek profitable investments in northern Iraq, but Ankara would stop short of leveraging Turkey's geographic position as a potential export route for KRG hydrocarbons.
Since 2003, the stronger economy of Iraqi Kurdistan has attracted around 20,000 workers from other parts of Iraq.
Alternatively, Ankara could agree to a game-changing "strategic" energy compact with the KRG, with Turkey receiving high-volume Kurdish oil and/or gas exports independently of Baghdad. In that scenario, new pipelines would need to be built within Turkey and the KRG. Likewise, novel and legally untested marketing and financial arrangements would be required to monetize the resources, since the arrangements normally proffered by the State Oil Marketing Organization of Iraq would not apply if Baghdad were circumvented.
Now it?s obvious that the Arab Peoples in Middle East Countries , are unable to reach their (spring) and I believe that it was a wrong description of the political Changing and civil war that have followed the Arab revolutions .
And I believe that the Kurdistan its one nation in the Middle East, it?s beginning to look like freedom and prosperity just might be blooming. ?People are beginning to talk about the shine Future, not the Arab Spring,?
where Our country stands after the U.S. invasion 2003.? From Iraqi Kurdistan, the U.S. war looks like an extraordinary success.
Kurdistan is a democracy, though an imperfect one; the territory is peaceful and the economy is booming , Foreign investors are pouring though gleaming new airports to invest, especially in Kurdish Oil fields. Exxon, Chevron, Gazprom and Total are among the multinationals to sign deals with the regional government. A new pipeline from Kurdistan to Turkey could allow exports to soar to 1 million barrels a day within a couple of years.
Yea, No final agreement was reached to resume oil exports from the Kurdistan region yet, but I believe that the Kurds are very close to resolving this problem very soon."
In recent years, the Kurds have antagonized Iraq's Shi'ite led central government by signing deals on their own terms with international oil companies including Exxon Mobil, Total and Chevron Corp.
Baghdad saying it alone has the right to control exploration and export of the world's fourth largest oil reserves, while the Kurds insist their right to do so is enshrined in Iraq's federal constitution, drawn up following the U.S.-led invasion in 2003.
The Iraqi government and the Kurdish Government, have reached a provisional, seven-point agreement that includes revisiting a stalled federal hydrocarbon law and an amended 2013 budget, a development that that might result in the resumption of Kurdish oil exports if concluded.
In response to Iraq's troubling , Washington should pressure Baghdad to leave the KRG's monthly funding intact and increase the allocation for oil cost recovery.
The discussions resulted in agreement by the KRG to end a boycott of parliament by Kurdish deputies who withdrew in March over the contentious budget they said did not contain a provision for adequate payments to the KRG for oil debt.
The KRG halted oil exports through the federal pipeline system in January because of the row with Baghdad over payment to foreign contractors operating in the Kurdish province.
Turkey has two main options for developing its energy relationship with the Iraqi Kurds this year. First, the Turkish Petroleum International Company (TPIC) could invest in the KRG's upstream oil sector in the same way that ExxonMobil, Chevron, Total, and scores of other firms have done.
This option, which has firm support throughout the Turkish government, is more of a "tactical" approach -- that is, Turkish firms may seek profitable investments in northern Iraq, but Ankara would stop short of leveraging Turkey's geographic position as a potential export route for KRG hydrocarbons.
Since 2003, the stronger economy of Iraqi Kurdistan has attracted around 20,000 workers from other parts of Iraq.
Alternatively, Ankara could agree to a game-changing "strategic" energy compact with the KRG, with Turkey receiving high-volume Kurdish oil and/or gas exports independently of Baghdad. In that scenario, new pipelines would need to be built within Turkey and the KRG. Likewise, novel and legally untested marketing and financial arrangements would be required to monetize the resources, since the arrangements normally proffered by the State Oil Marketing Organization of Iraq would not apply if Baghdad were circumvented.
Now it?s obvious that the Arab Peoples in Middle East Countries , are unable to reach their (spring) and I believe that it was a wrong description of the political Changing and civil war that have followed the Arab revolutions .
And I believe that the Kurdistan its one nation in the Middle East, it?s beginning to look like freedom and prosperity just might be blooming. ?People are beginning to talk about the shine Future, not the Arab Spring,?
where Our country stands after the U.S. invasion 2003.? From Iraqi Kurdistan, the U.S. war looks like an extraordinary success.
Kurdistan is a democracy, though an imperfect one; the territory is peaceful and the economy is booming , Foreign investors are pouring though gleaming new airports to invest, especially in Kurdish Oil fields. Exxon, Chevron, Gazprom and Total are among the multinationals to sign deals with the regional government. A new pipeline from Kurdistan to Turkey could allow exports to soar to 1 million barrels a day within a couple of years.
© The Kurdish Globe 2013
