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Iraq Agrees on Kurdistan Oil Deal
Keywords:
Under a new agreement reached between the new Iraqi government of prime minister Haider al-Abadi and the semi-autonomous region of Kurdistan, Kurdistan will export 250,000 barrels of oil a day in 2015, and the province of Kirkuk will export 300,000 barrels a day. Exports will be made under the Iraq national oil company, SOMO (State Organization for Marketing of Oil). Kurdistan will get 17% of Iraq's budget expenditure, Kurds will sit on the SOMO board, and Kurdish Peshmerga army will get direct monthly payments from Iraq's budget. Earlier in 2014 talks had broken down under the Maliki government- Kurdistan began exports using a pipeline to Turkey and the Iraqi government cut off budget payments to the Kurdistan Regional Government. Iraq's oil minister Abdul-Mehdi said in Vienna after an OPEC meeting in November that Iraq has set a production target of 3.8 million barrels a day for 2015. This is an increase of 500,000 barrels a day compared to production in Oct. 2014.
Iraq- Kurdistan oil deal in Dec. 2014
12/02/2014
Kurdistan will export oil under Iraq's oil company SOMO and Kurdish officials will sit on the board of SOMO. Iraq plans to export 3.8 million barrels a day in 2015, adding to supply already on the oil markets that is pressuring prices.
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Iran and the U.S. aid the Peshmerga forces to push the ISIS Islamic state militants out of Kurdistan. Maliki steps down as prime minister and a new prime minister who would appeal to both Shia and Sunnis takes over. The failure of Maliki to bring national reconciliation and build a strong national military comprised of Shia and Sunni with the help of the U.S. leads to the collapse of Mosul. The situation with a badly trained and poorly organized Iraqi military and poorly equiped Peshmerga leads to the general collapse as Sunni ISIS militants in Syria push into Iraq in 2014. U.S. airstrikes help prevent the fall of Erbil, capital of the Iraqi Kurdistan region. France moves to aid Kurdistan as the EU fails to come up with a response. By 2015 the situation changed, with U.S. led airstrikes the Kurds had taken Sinjar from ISIS. an agreement.
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Getting it right in Iraq in 2014-2015- Ali Khedery on Haider al-Abadi, the Dawa Party, Iran's influence in Iraq, and Iraq's tangled tortuous politics
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Khedery who has observed first hand the problems in Iraq, the corruption, sectarianism and the misrule of Hussein and Maliki, says it will take a change of heart in Iran, a new tolerance for different religious faiths and opinion, and good honest leadership, to turn things around. All of which are today difficult to find, making this Iraq's last chance to be an independent state. He provides a view from inside Iraq that American political and military leaders talk only in sparing terms- the enormous mistakes of Hussein, followed by Maliki and Iran, including the war in Syria, that have happened in the last 40 years. Compare this with the view presented by a military advisor such as Gen. James Jones in the WSJ calling for action in Iraq to prevent a ISIS terrorist state in the Middle East.
Grouped Articles
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