(Thank you George for emailing this to Dinar Recaps.)
Here we are one day from September 2016 already. Iraq is moving at an exhilarated rate forward beyond my wildest dreams. Yes- they have a target timeframe for better security, better stability thus better days ahead. I can hardly believe the news.
I was told by my contacts that we should now watch for the HCL. I listen to them since they have never strung me along or gave me falsified information. So lo and behold what do we see in the recent news?
Recommitted work towards the finalization of the oil and gas law. Abadi and Jubouri are not going to stop until they get the draft oil and gas law ( or HCL), passed in parliament to become legal and a binding law. All the news points in a positive direction. If you can’t see the priority then you are blind and I simply can no longer help you see the trees from the forest. I can only explain so much in one news letter as I build upon each news letter to paint the full picture.
I don’t mean to “bore” anyone with more news of HCL today and I hope you can stay awake long enough to read today’s news letter. It is what it is and so we watch and wait.
Amazingly after almost 8 years finally we experienced the Amnesty law passed last week. Now amazingly, another miracle is about to happen. We will soon see the HCL passed.
Don’t see the progress? Don’t you see the amazing miracles happening?
Iraqi gov’t, Kurds to start talks on oil dispute
BAGHDAD - Reuters
The Iraqi government and the Kurdish regional authorities agreed to start talks to resolve a dispute on oil revenue-sharing that is holding back the nation’s crude exports, according to a statement from the Iraqi prime minister’s office.
The statement was published after a meeting in Baghdad between Iraqi Prime Minister Haider al-Abadi and Nechirvan Barzani, prime minister of the Kurdistan Regional Government (KRG).
Iraq’s oil ministry said on Aug. 26 it would consider selling crude through Iran should talks with the autonomous Kurds about oil exported by pipeline through their region from the northern Kirkuk fields to Turkey fail.
“The meeting dealt with issues related to oil production and distribution from the field of Kirkuk and the region” of Kurdistan, the statement said.
“It was agreed to start technical talks” between the oil ministries of the two sides.
Iraq, OPEC’s second-largest producer after Saudi Arabia, depends on oil sales for 95 percent of its public income. Its economy is reeling under the double impact of low oil prices and the war against Islamic State of Iraq and the Levant (ISIL) militants.
The KRG region produces around 500,000 barrels per day (bpd) on its territory and exports those volumes via Turkey. Baghdad would not be able to re-route those volumes to Iran but could order shipments of some 150,000 bpd via Iran that are being produced in the nearby province of Kirkuk.
Iraq’s state-run North Oil Company resumed pumping crude through the Kurdish-controlled pipeline to Turkey earlier this month as “a sign of goodwill” to invite the Kurds to start negotiations, Deputy Oil Minister Fayadh al-Nema said in an interview with Reuters on Aug. 26.
But the flow of crude extracted from Kirkuk by North Oil and pumped in the pipeline has been running at about 75,000 bpd since, or half the rate before it was halted in March, he said. It would only be increased if there is an agreement, he added.
The pipeline carries crude to the Mediterranean port of Ceyhan, where the Kurds have been selling it independently on the international market, along with oil produced in their northern region.
The KRG cabinet has been calling on Baghdad since March to resume the pumping of Kirkuk crude in full to help Arbil fund its war against ISIL.
Barzani assures infallible prov ready to resolve the outstanding issues with Baghdad
Prime Minister of the Kurdistan Regional Government , Nechirvan Barzani said the president Fuad Masum, readiness constantly holding meetings between Erbil and Baghdad to resolve the outstanding problems. “
He said the Patriotic Union of Kurdistan said Masum “received Tuesday, at the Peace Palace inBaghdad, Prime Minister of the Kurdistan Regional Government Nechirvan Barzani and his accompanying delegation,” adding that “discuss the status of the region in general and the situation in Iraq and Kurdistan and the political situation by another meeting.”
The President Republic during the meeting, was pleased to visit the Kurdish delegation to Baghdad and met with Iraqi officials in the federal government, especially since it has been discussed a number of important issues between Erbil and Baghdad.
for his part, President of the Kurdistan Regional government pointed to the readiness of the region to continue to hold meetings between Erbil and Baghdad, to reach a solution to all the problems.
a delegation of the Kurdistan Regional Government had reached Baghdad and held meetings, including with Prime Minister Haider al – Abadi series, the two sides agreed to hold technical talks between the Federal Ministry of oil and mineral wealth in the region on issues related to the production and distribution of oil through the region and the Kirkuk oilfields.
Political consensus to approve oil and gas law
Following the common understandings between the province and the center.
morning the whole number of deputies on the existence of conviction among political blocs approve oil and gas law after he suffered from many political differences on the approval, stressing that the next few days will see the discussion of the law in the House of Representatives sessions.
Calls to acknowledge, came after the political understandings that resulted from a meeting of Prime Minister Haider al - Abadi, the provincial delegation, who visited Baghdad yesterday, and discussed a number of important files, including oil.
The government spokesman, Saad al - Hadithi, have said »Sabah» that the meeting Abadi officials Kurds, seen to reach agreement on «hold technical talks between the Federal Ministry of Oil and Mineral Resources in the province on the oil file».
Said the Oil and Energy Committee rapporteur Adil Khamis: The «approve oil and gas law formula that satisfies all the political parties, would be a positive sign towards the development and construction of state institutions in a practical». He stressed in a statement »Sabah» that « the law Corner for several years on the shelves of the House of Representatives because of political differences it, but now the House of Representatives are now looking at the total broken laws -omnha oil and Algaz- as the backbone of the work of the state, and approval will organize state institutions work» .Khamis explained that «there is no intention and political consensus on the approval of the law; it will be a cause for resolving the many crises and the outstanding problems between the political blocs, including between the central government and the province will contribute to a starting job investments that will help in the development of the oil sector.
And the MP that « the next few days will witness the launch law for debate in the House of Representatives, in the presence of conviction among the blocks on the importance ofthis law and the benefits that could accrue to Iraq, including political stability , pointing out that« the Kurdistan Alliance has sufficient conviction to approve the law , although some
observations ». package laws as confirmed by a member of the legal Committee parliament, MP for the coalition of Kurdish blocs Amin Bakr, the intention of parliament to approve a draft oil and gas law in the coming period. Bakr said in a press statement: «we have a package of laws , including the justice and accountability and financial laws exempting companies from taxes and oil and gas law» adding that «there determination to approval ». region and the provinces for his part, said the Commission on oil and energy parliamentary member Zaher al - Abadi: that« the federal government withdrew a draft oil and gas law , because they need a consensus between the provincial government and the provinces, and therefore there must be harmony and visions of substantive enactment of the law ».
He pointed out in a statement to morning that the House of Representatives is determined to legislation discreet bill that would preserve the rights of the province and the center and the provinces and therefore need time for legislation.
The MP added that the law will contribute to resolving many of the problems and help to achieve the ambition of the people especially in the installation of provincial rights and benefits would benefit the whole of Iraq», pointing out that «the law is passed in this time will be by political blocs , as legislative.
I quote from the article above – “pointing out that the law is passed in this time will be by political blocs , as legislative (meaning legislation and a legal law).
I am emphasizing one more time to everyone. The HCL is not yet done since they are telling us in the part I quoted from the above article - there become legislation and voted and passed in parliament to be effective. What does this statement mean?
I keep telling all these so called intel “gurus” who always want to jump the gun and keep telling everyone that a particular law is done, when in fact it had not even passed parliament. Don’t they know how democracies work? Don’t they know they must be passed in parliament to become law?
Just like months ago they kept telling us Amnesty was done too. Really? Now they come on their calls and apologize for their mistakes and make excuses for their ignorance and mistakes. Is this responsible reporting?
Not having a legal binding law in place has been the key blockage for effectively implementing HCL in the past. There was no legal, binding law. Get it? Now they realize this and are putting the final touches on the draft law and they will finally finish it and get it passed very soon.
These backroom deals and handshakes don’t cut it. There must be a legal law in place.
I will not say it again – pay attention to the progress in HCL. Read my lips…PAY ATTENTION, PAY ATTENTION. This too in needed for any RV going forward. I have said this in the past and it has not changed. It is a mandated requirement to move forward with this country. They IMF and the USA will not sign-off on the RV until the wealth of the Iraq country is secure and being utilized as it should for the benefit of the citizens and not just for this bunch of pirates who have taken over Iraq since the USA pulled out in Dec 2011.
Other laws too are on the agenda and coming soon.
So there is a deadline. I know the target date and so we see the progress moving at a very rapid rate now. There are consequences too if Iraq can not get their full government established. It is not a pretty consequence and probably will result inoccupation of the and very possibly the establishment of an occupied government again. We have already see references of the USA and coalition forces go from “adviser” status, to being called “combat troops” to securing 5 large bases in northern Iraq.
Personally I do not believe Abadi or the other honest politicians will allow this to happen.