10 day count down to GKPmas ? I'll start, hopefully tcpp, may be able to finish? On the tenth day of gkpmas, my tk gave to me... a production rise in a shaikan tree :) wonder who will do tomorrows.. well we do have time on our hands until 30th ? Might as well keep it jovial ?
When the Americans pulled out of Iraq they gave billions to Bahgdad for the infrastructure to be improved. It is well documented that most of it was stolen by various means, corruption, and even Americans who were charged with making sure that the money was well spent were found to have acted illegally and are being charged accordingly. Do we expect Bahgdad to pay us what is owed, in my opinion just a very small chance.
Alot of positive vibes coming out of Baghdad & Erbil,but that word "Constitution" keeps cropping up with nobody saying anything about an interpretation of it.Payments are to be made but will Baghdad agree to let the Kurds pay the oil co's before Baghdad receive their share?
I read your piece and it is very apt, the only two things that concern me are, if Baghdad have now started paying 800m a month to KRG ? and the agreement was (I think 1.7 billion) where is a: the balance going to, if not coming to KRG ? and b: what about all the back payments? When will they ever be paid? can they ever be paid? Not if they have been permanently diverted elsewhere? Also, knowing how they always seem to fail to agree about anything? I mean look at the turmoil IS have created and they number only thousands not even 100's of? And all to our sp's demise? Surely... shouldnt they perhaps, instead of being we are not letting go of our prized assets to a super major, simply, let go, but with strict stipulations... ie: as the oil quantity is reassessed and production increases, so do their payments increase? As IMO this would bring enough cash in to the region, to then have the confidence to negotiate, on a level playing field? And may actually get a decision that is acceptable to all, as I personally cant ever see them agreeing about anything, at the moment, now or ever :( Although, I really wish they would ? :) Holding till bitter/sweet, end!
A locked in payment mechanism is what this share has always demanded to come good. We've been sat on the edge of our seats for years now re. am oil and gaw law and payments. Its just never come, but it will do one day. We've never been closer and in an ironcially sad way, we should all be thanking IS for their despicable ways.
This is from Aug 2011. Back then, the agreement re. laws, which is actually more about payments, was seemingly just around the corner -
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