Post By Rudie Part 1
Welcome to dinarupdates.com for Millionday news time!
[millionday] U.S. Vice President Joe Biden, in a telephone call with Iraqi Prime Minister Nuri al-Maliki file the ongoing negotiations between the central government in Baghdad and the Kurdistan region of Iraq on oil exports and budget issues.
The White House said in a statement that Biden urged the parties to work towards a permanent framework agreement regarding oil exports, and welcomed the progress that has been made for the drafting of a memorandum of understanding is temporary.
The statement said that Biden said during a telephone conversation with President of Iraqi Kurdistan Massoud Barzani stressed that the United States as a neutral intermediary, is committed to facilitating this agreement.
[millionday] so as we see the US is happy -- so we will look some more to see what we find - brb with more - not much to say about the call but what it is
[millionday] here we go >> Kurdistan region announced the resumption of the export of crude oil, the amount of thousand barrels per day through a network of pipelines National Sumo "goodwill gesture" to resolve outstanding problems with the federal government in the capital, Baghdad.
It is noteworthy that a severe crisis erupted between Baghdad and Erbil on the back to stop the Kurdistan region in April 2012 to pump oil until further notice because of disagreements with Baghdad on the financial dues to oil companies operating in it.
[millionday] note -- there have been huge agreements today concerning the oil exports - normally we talk a lot of economics but resolve is very important as well - brb with more on this
[millionday] The head of the Kurdistan Regional Government Barzani that "the talks with Baghdad over oil export file and the general budget and continuing these discussions have not resulted so far from any agreement to remember Barzani added, "It's a goodwill gesture by the territorial Government has proposed granting the negotiations another chance of positive actions for the export of oil and input them to export oil would be increased by 100,000 hundred thousand barrels per day, starting from the first month of next April 2014 and will continue until they reach the negotiations to a positive outcome."
[millionday] note -- as we see they are trying to resolve the issue - some reserves have been "found" in kurdistan and all of these agreements are making many very happy
[millionday] The President of the Kurdistan Regional Government, said that "the Kurdistan Regional Government did not put any preconditions for this initiative, the government will seek the region in the coming weeks to discuss the full settlement mechanism on the export of petroleum products to the Kurdistan region, management and control of the oil sales revenue."
Barzani pointed out that "the provincial government will retain in all circumstances all its rights under the permanent Iraqi constitution."
[millionday] so as we see this is very important due to the problems they have had over and over from not reaching an agreement -- so we shall see as i say lol - brb with more
[millionday] here we go - i would say this might mean it is real
[millionday] The Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov decision of the Government of the Kurdistan region to export oil through the region's national oil marketing company SOMO.
Mladenov said in a press statement: "I welcome the decision of the government of the Kurdistan region to export one hundred thousand barrels of oil a day through the region, the Iraqi pipelines starting from the first of next April." He added: "that is encouraged in this initiative, it did not include any preconditions,"
[millionday] note -- remember that with the whole region they are asking for 400 thousand -- so huge progress for revenues expected
[millionday] Asserting that the federal government and the provincial government have taken steps that will allow progress on all outstanding issues related to the management of oil and gas sector and the sharing of wealth, as stipulated in the constitution.
" And urged the representative of the Secretary-General of the United Nations on all sides to work in a spirit of consensus with the goal of resolving all issues related to the approval of the federal budget law for 2014 as soon as possible, stressing the readiness of the UN mission to help Iraq (UNAMI) to assist in that process if necessary .
A source revealed early in a press statement on the agreement between the governments of Baghdad and Erbil on the export of oil through the region, SOMO, and against the backdrop of the agreement will be approving the budget, with the participation of the Kurds.
millionday] whooopow -- meaning all outstanding issues as i brought up the approval of the budget as --- soooooon--- as possible with participation of the kurds
[millionday] i have to say i love when a plan comes together -- so when someone is telling what they think -- remember the ink smile brb with more
[wmawhite] millionday .........please note that prior to the agreement with the Kurds there was no true estimate on revenue for the budget..........therefore, no budget. Now, with the agreement in place they can now move towards approving the budget.
jimplants] IMO the Kurds are sandbagging they have agreed to 350 thousand bpd they only need to increase that by 14% and they are at the 400 thousand they have been fussing about and we know they have oil running out of their ears
[millionday] ok so i am going to remind you of something a few weeks ago we saw this
[millionday] Hussein al-Tamimi Tgb counting expert in the transport sector orientation to build fleets transfer the functions of the different need for the next phase, to afford the move of the economic feasibility of the country,
noting that rely on global companies in the transportation requirements of the country of various goods needs to be expensive, as well as the lack of coordination in the transport mechanism and the consequent financial obligations.
[millionday] smile - so this is being brought to you because they are working hard and fast on ports to everywhere and also roads to Europe
[millionday] this is for trade -- now common sense would tell us that of course they need a reality rate to make the money back from the demand being met from the minister of transportation
millionday] so as we know they are getting things ready to hit the globe -- that is the point and also it is economics 101 – macro - the global trade only works with the true value being reflected by the rate of their currency – hence the arguments about China and their rate being off by a little
[millionday] imagine how hard it would be to even make sense out of how far off Iraq is - it isnt going to happen and it cant - brb with more news
[millionday] this was from the US response - The United States welcomes the decision by the Kurdistan Regional Government (KRG) to begin oil exports of 100,000 barrels-per-day on April 1 through the Iraqi-Turkey pipeline pursuant to existing export arrangements with the Government of Iraq (GOI).
A statement by the US Embassy received by AIN cited "We further welcome the commitment from the KRG to ensure that these exports continue in parallel to ongoing talks towards a framework agreement on the management of the hydrocarbon sector."
"The United States urges the joint GOI-KRG committee, comprising experts from the GOI’s Ministry of Oil and the KRG’s Ministry of Natural Resources, to meet and assess future month-to-month export targets based on technical capacities and in a manner consistent with the Iraqi Constitution," the statement added.
millionday] so lets think about this >> they are happy over the agreement and also are happy about the hydrocarbon sector agreement --- i might guess that the hcl is done and waiting - but -- we were told in ink that it was - so no guessing here
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