PM Barzani on KRG Oil Exports

The Prime Minister yesterday addressed the Kurdistan Parliament at length regarding the Region’s financial situation, disputes with Baghdad, natural resources, and other matters. An excerpt of his address is below:

“The Kurdistan Region’s policy from the beginning has been based upon solving outstanding issues with Baghdad. We want to find a solution and reach an agreement. Baghdad’s policies are, however, not reasonable.

We have recently made several visits to Baghdad, and since 2005 we have made every effort to reach an agreement regarding budget distribution, but we have not yet reached a resolution…

Regarding oil, we have just begun exporting. This step has been taken after two years of negotiation with Turkey in which an agreement has been signed that permits the Kurdistan Region to export its oil. We are thankful to our Turkish counterparts for reaching such an agreement and for implementing it to the fullest…

Regarding the federal budget, we had only been receiving 10% instead of the 17% to which the Kurdistan Region is entitled. We have continuously taken initiatives to solve these financial problems, and have made several visits to Baghdad…

We are abiding by the Article in Iraq’s Constitution which states that the oil and gas are owned by all the people of Iraq. We are ready to cooperate with Baghdad and SOMO regarding the export of oil, including monitoring volumes so that they know precisely how much oil is being exported.

We have suggested working with SOMO in both the tendering process, the selling process and in order to ensure transparency. We will work together in this, but we will not cede control to SOMO…

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