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Abdul-Mahdi: We are still at a standstill with the Kurdistan .. If handed over to the revenue they will receive 17%
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Abdul-Mahdi: We are still at a standstill with the Kurdistan .. If handed over to the revenue they will receive 17%
Oil Minister Adel Abdul-Mahdi announced that he has not yet reached an agreement on oil exports from the Kurdistan region.
He renewed Abdul-Mahdi, in a press statement opposing the federal government to sell its oil Erbil directly instead of through the marketing company SOMO revealing that negotiations with the province is still at a standstill.
Adding that the region would get the seventeen allocated to it in the state budget if the percent ratio him to sell oil revenues to the center.
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Re: Abdul-Mahdi: We are still at a standstill with the Kurdistan .. If handed over to the revenue they will receive 17%
Abdul-Mahdi: We are still at a standstill with the Kurdistan .. If handed over to the revenue they will receive 17%
Monday 21-12-2015 | 11:46:34
President of the Kurdistan region, Massoud Barzani, shaking hands with Oil Minister Adel Abdul-Mahdi - Z p
Monday 21-12-2015 | 11:46:34
President of the Kurdistan region, Massoud Barzani, shaking hands with Oil Minister Adel Abdul-Mahdi - Z p
Twilight News / Iraqi Oil Minister Adel Abdul-Mahdi said he had not yet reached an agreement on oil exports from Iraq's Kurdistan region, reiterating opposition to the central government in Baghdad to sell Erbil oil directly instead of being transferred to the Iraqi Oil Marketing Company (SOMO).
Abdul-Mahdi said in a press statement, said "We are still at a standstill ... waiting for serious talks with our brothers in Kurdistan."
Kurdistan Regional Government and Baghdad began to skip and export of oil directly in 2014 after a dispute with the central government on the region's share in the budget. Currently, the province exported more than 500 thousand barrels per day.
Abdul-Mahdi said, "If the oil handed over will receive a seventeen percent rate," a reference to the custom of the general budget of the Kurdish authorities in the region in exchange for oil.
He added that the Baghdad talks with foreign oil companies operating in the south on the review of conditions of service agreements with those companies going in a good direction.
"I got some cuts in the costs of international oil companies. We are still talking. International oil companies made some suggestions ... we have reduced the gap than ever before."
"We ask that there are some incentives for international oil companies but we want it to also assume responsibilities when the price is low and we both also responsible for cost reduction.
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