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mike alfred

Kurdistan Boycott Parliament Sessions on Budget Debate - 0 views

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    The oil policy defined in the annual budget is the main conflict between Baghdad and Kurdistan. According to this new policy, Kurdistan will have to export 400,000 barrels oil per day through Baghdad pipelines and in the failure, the 17% deduction will be made in the final budget of Kurdistan. Kurdistan is not ready to accept this term and consider as against the interest of Kurdistan.
mike alfred

Kurdistan Oil Stock Reaches 2.8 Million Barrels: Turkey - 0 views

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    The oil and energy ministry of Turkey announced that the Kurdistan oil stock at Turkey port has reached 2.8 million barrels with the export of 100,000 barrels per day. It shows that the performance of oil industry is so good in Kurdistan. Kurdistan with the cooperation of Iraq is exporting crude oil in the international market via Turkey.
mike alfred

Kurdistan New Currency - The Beginning of a Big Crisis - 0 views

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    Kurdistan regional government is asking for separation from central government and wants to make their own country with the name of Kurdistan. The initial step that Kurdistan regional government took for the separate home land is the issuance of their own currency instead of Iraqi dinar.
mike alfred

Consensus is developing between Kurdistan and Iraq - 0 views

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    The development in the negotiation between Iraq and the Kurdistan is reported by Iraq media to create consensus between both of the regions to meet the challenges of the country. For this purpose a meeting is going to hold in Baghdad between Iraq government officials and the Kurdistan delegation. According to Iraq media the delegation will discuss the present tension between Iraq and Kurdistan about Iraq oil policy.
mike alfred

Law to Distribute Oil Revenues to Citizens of Kurdistan - 0 views

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    A draft prepared by ministry of oil and natural resources of Kurdistan regional government for the distribution of oil revenue among people of Kurdistan. There are many of suggestions are given in this regard for the distribution of resources but important one was to keep the share of new born Kurdish in the bank account of every citizen.
mike alfred

The Independent Oil Export is Not Favorable For Kurdistan And Iraq - 0 views

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    Kurdistan regional government is exporting its own oil through Cyhan port to sale in the international market by the stock available in the Turkey. Bagdad considers this deal as illegal and wants to go in court against this deal between Kurdistan and Turkey.
mike alfred

Dinar Shortage - Regional Govt. in Kurdistan May Deal in USD - 0 views

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    The Kurdistan Regional Government is now forced to deal in dollar or it will have to print its own currency to fulfill the daily needs of the region because Iraq government is unable to send funds to Kurdistan to pay the staff salaries amounted to 680 billion Iraqi dinars.
mike alfred

Kurdistan And Turkey to Increase Oil Trade Volumes - 0 views

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    Both of the regions decided to enhance the oil trade in the region. Some new contracts are also signed by Kurdistan with Turkey to expand the oil contracts of Kurdistan with Turkey. The volume of oil trader will also be increased as a result of this new contract.
mike alfred

Kurdistan Increases Oil Exports - 0 views

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    It is good news for Iraq that Kurdistan is taking interest in the improvement of the country by exporting oil for the betterment of the country. The Kurdistan region exported oil through Ceyhan port. The KRG oil is equal to 150,000 barrels a day and it was exported to Turkey through Ceyhan. With the stable price of the oil and that also at a lower rate of $80 per barrel; every country is interested in importing and storing oil.
mike alfred

Kurdistan Printing New Currency to Secede from Iraq - 0 views

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    It will be a clear sign of secede from Iraq that will also destroy the political environment of the country and will impact the economy of Iraq adversely. The decision is pending approval in the parliament of Kurdistan and the voting is required for this change to be happened. The economy of Iraq, especially the economy of Kurdistan will have to bear a huge loss, if the things remained in the practice for a longer period of time.
mike alfred

Iraqi Oil Export Through Kurdistan Region to be Done - 0 views

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    Tatar Yaldiz, the Turkish energy minister told that exporting crude oil through Turkey will be favorable not only for Kurdistan but also for the Iraq. The Turkey Minister hoped that it can also be a good solution for recent tension between Kurdistan and Iraq government.
mike alfred

Salaries Are Paid in US Dollars in Kurdistan Instead of Iraqi Dinars - 0 views

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    Delay in annual budget of Iraq has seriously harmed Iraq and its economy. It also creates instability in the political environment of the country. We can even say that it can divide the country in two parts if remained unapproved for more couple of days. The attention of Kurdistan is so clear about this issue. Kurdistan waited a lot for the approval of annual budget and finally decided to print its own currency to satisfy its own needs.
mike alfred

Kurdistan donates its budget to the poor of Iraq - 0 views

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    Kurds are ready to donate their right also provided that Baghdad provides for compensation for the victims of the Anfal genocide and forced displacement and the grievances of the Kurdish people toward contracts that they received as a result of the previous policies of successive governments.
mike alfred

Baghdad Erbil Conflict And Economy of Iraq - 0 views

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    The oil conflict between Iraq and Kurdistan has reached at a serious stage where both of the regions have taken stand on their own conditions to resolve this matter. Kurdistan decided to boycott all parliamentary sessions and meetings for discussions and approval of the annual budget of Iraq, until new rules and regulations for oil and gas.
mike alfred

Revaluation Can Happen Before June 2014 - 0 views

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    Iraq is looking to develop consensus with Kurdistan to approve annual budget because budget cannot be approved without cooperation of Kurdistan. The new ambassador of United States of America for affairs of Iraq will meet Noor Al Maliki by 25th May to discuss the present economic and political condition of Iraq. The Kurdistan and Iraq conflict will be at the top of the list in the discussion.
mike alfred

Daash has no future in Kurdistan : Barzani - 0 views

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    News from Erbil-Iraq, December 23, Kurdistan President named MassoudBarzani said on Tuesday that there should be an independence of the region as this is the natural right for us to enjoy the independence in decision, policies and use of the resources.
mike alfred

Tamimi Proposed Solution to Resolve Differences - 0 views

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    The major difference between Baghdad and Erbil is the disputed oil policy for Kurdistan. Baghdad wants Kurdistan to export 400,000 barrel oil per day through Baghdad pipelines. Kurdistan considers this oil policy against their economy and ready to export just 100,000 barrels through Baghdad.
mike alfred

Dubai Proposes Long Term Business Relations With Erbil - 0 views

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    Iraqi Dinar 123 News:- Dubai will form a long term business relationships with Kurdistan as it is always welcomed by the people of Kurdistan; said UAE Consul General Rashid Al Mansouri. He said that UAE is always there to support Erbil in the economic development of the region.
mike alfred

Korean companies discover new oil reserves in Iraqi Kurdistan - 0 views

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    According to the Foundation in the news report that a joint venture to explore for oil comprising enterprise Korean oil enables the discovery of new reserves in the field Haulir in the Kurdistan region of Iraq, the hole Albanan exploration fourth in a field Haulir produced the successful 4,320 barrels of light oil daily drilling tests, which began in January last year.
mike alfred

New Parliament Seating With New Challenges - 0 views

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    The new parliament of Iraq is seating at 15th of June 2014 in the parliament house to decide the prime minister of Iraq. Hopefully Noor Al Maliki is the new prime minister of Iraq again. Unfortunately, parliament of Iraq will not be able to approve budget of Iraq for 2104 because Kurdistan regional government is not participating in the budget meeting.
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