Member Info for HGNAHMED

(from the updated version) 👇

Erbil and Baghdad are in agreement over the protocol for resuming oil exports, however, the International Oil Companies (IOC) operating in the Region require guarantees that they will be compensated 16 US dollars for each barrel of oil produced, a requirement that Baghdad has refused to guarantee as of the time of writing this article.

https://thenewregion.com/posts/2980

ERBIL, Kurdistan Region of Iraq – Negotiating delegations from Erbil and Baghdad on Thursday signed a final draft on the resumption of the Kurdistan Region’s oil exports, after a meeting between the two sides concluded earlier in the day.

Erbil and Baghdad have spent months seeking to come to an agreement regarding the resumption of the Kurdistan Region's oil exports and the handover of revenues to the Iraqi federal government.

https://thenewregion.com/posts/2980

The meeting between the negotiating team of Erbil and Baghdad has come to an end، and the two sides have signed a joint protocol on the resumption of oil exports.

The KRG's and Baghdad's negotiating delegations on Thursday signed the final draft of an agreement on the protocol of resuming the Kurdistan Region's oil exports, The New Region has learned, after a meeting between the two sides concluded earlier in the day.

https://x.com/thenewregion/status/1963608210453020836

https://www.ava.news/news/33891

The source said a high-level meeting is underway between representatives of the KRG, the Federal Financial Monitoring Bureau , and the Iraqi Ministry of Finance, focused on the issue of the Kurdistan Region’s non-oil revenues.

https://channel8.com/english/news/43889

#LATEST: A high-level Kurdistan Regional Government (KRG) delegation is in Baghdad to hold talks with the Iraqi government over non-oil revenues and the resumption of oil exports, as civil servants in the Region continue to endure a deepening financial crisis fueled by ongoing disputes between Erbil and Baghdad.

https://x.com/zoomnewskrd/status/1963524827064442974

A KRG delegation is scheduled to continue negotiations in Baghdad this week in hopes of accelerating the process.

The Kurdistan Regional Government (KRG) said on Wednesday it has met all requirements for resuming oil exports through Iraq’s state marketer SOMO and urged Baghdad to expedite a final agreement.

Prime Minister Masrour Barzani, chairing a cabinet meeting attended by Deputy Prime Minister Qubad Talabani, noted that the ministries of Oil and Natural Resources, the North Oil Company, and SOMO had already signed a joint protocol to restart exports, with efforts underway to restore production to pre-attack levels.

https://www.basnews.com/en/babat/893700

(another version/statement)

The Council praised the negotiating team for defending employee rights and financial entitlements, while instructing them to continue😎 meetings in Baghdad tomorrow😎 to speed up an agreement on exports through the state's oil marketing company SOMO

https://x.com/zoomnewskrd/status/1963267450754990565

The KRG's Council of Ministers on Wednesday instructed the Kurdistan Region's negotiating delegation in Baghdad to continue their efforts to expedite the finding of a solution to the resumption of oil exports - Statement

https://x.com/thenewregion/status/1963255402251849761

Here’s why International Oil Companies in the Kurdistan Region are in no hurry to restart exports—and why this moment offers them maximum leverage:

https://x.com/NatlContext/status/1907850050111455345

https://x.com/KurdistanWatch/status/1963215347877642712

According to officials, the federal committee will hold a high-level meeting with the KRG delegation on non-oil revenues. A joint report is expected to be prepared following the talks, which will then be presented to Iraqi Prime Minister Mohammed Shia al-Sudani.

https://channel8.com/english/news/43786

The Kurdistan Region’s Council of Ministers is currently holding its first meeting in over a month, focusing on the work of joint committees with Baghdad over civil servants’ salaries, non-oil revenues, and the resumption of oil exports, as disputes with the Iraqi federal government remain unresolved.

https://x.com/zoomnewskrd/status/1963173973685899286

ERBIL — The Kurdistan Regional Government (KRG) and the federal government have reached an agreement on the use of the ASYCUDA customs system, resolving a long-standing dispute that had hindered trade and burdened businesses in Kurdistan.

Officials said that the move will allow companies in the Kurdistan Region to conduct import and export activities normally and legally, on the same terms as businesses in central and southern Iraq.

https://www.basnews.com/en/babat/893637

💥Oil companies have asked the Iraqi Oil Ministry to sign a written agreement before resuming oil exports from Kurdistan.

Kurdistan24 learned that the meeting discussed the final steps to resume oil exports through the port of Jayhan and increase oil production and the trilateral agreement between the Iraqi government and the Kurdistan Regional Government and companies.

https://x.com/swisher1776/status/1962866324360634440/photo/1

Rudaw spoke with two sources in Baghdad and another source in the Kurdistan Region who are familiar with the details of the negotiations between them.

The aim is to remove barriers to the delivery of oil from the Kurdistan Region for export through the Turkish port of Ceyhan.

According to a source in Rudaw in the Kurdistan Region، the oil companies want to be given a guarantee from Baghdad to spend $16 on the cost of extracting and transporting oil on a regular basis.

One of the biggest challenges facing some oil companies is the cost of transporting oil from their fields to the export pipeline.

An official at one of the oil companies told Rudaw: "The cost of this transportation is between $1 and $3 per barrel."

https://www.rudaw.net/sorani/kurdistan/020920254

One of the main obstacles to resuming oil exports is the debt owed to international oil companies operating in the Kurdistan Region, which amounts to about $1 billion, Channel8 has learned.

Under the proposed arrangement, the companies would be repaid in installments within three months after exports restart. However, the Iraqi government has not yet agreed to a tripartite deal between Erbil, Baghdad and the Association of the Petroleum Industry of Kurdistan (APIKUR), leaving the payments issue unresolved.

https://channel8.com/english/news/43534

The return of U.S. companies to Iraq is linked to several factors, most notably the U.S. desire to counterbalance China's enormous influence in Iraq's oil and gas sector. The assurances provided by the Government of Iraq regarding transparency, contract stability and security have also been an important catalyst.

According to the decree, Chevron's return came after Baghdad agreed to the three conditions offered by the U.S. companies: "cohesion" that ensures the completion of the facilities associated with the projects, "security" that includes the security of employees and the correctness of business and legal practices, and "facilitation of procedures" that ensures that the deal remains as it is regardless of any future government changes.

The new contract refers to providing the company with a share of the project's revenues, but only after production begins, reflecting a new model that Iraq is seeking to adopt to attract large investors.

https://baghdadtoday.news/282045-.html

KRG Delegation including OIC's representatives to Visit Baghdad for Final Export Deal Talks

ERBIL — A senior delegation from the Kurdistan Region’s Ministry of Natural Resources and representatives of international oil companies will travel to Baghdad on Sept. 2 for talks with Iraq’s Ministry of Oil and the state oil marketer SOMO to finalize an agreement on restarting oil exports to Turkey’s Ceyhan port, officials said.

Sabah Subhi, a member of the Kurdistan parliament’s Oil and Gas Committee, told Kurdistan 24 that the meeting aims to secure a written deal, as some companies have refused to resume exports without formal guarantees. Subhi said production levels in the Kurdistan Region are now rising and that an Iraqi delegation’s visit to Ceyhan last week completed the necessary technical procedures, paving the way for exports to resume.

https://www.basnews.com/en/babat/893189

According to Sudani’s advisor,😎 the Iraqi Council of Ministers discussed the work of the joint committee and gave it one week to reach an agreement😎 on outstanding issues, including non-oil revenues and oil exports between Erbil and Baghdad.

Channel8 has learned that during the meeting,😎 Sudani said people cannot be left without salaries, urging both Erbil and Baghdad to reach a conclusion within the week so that July and August salaries can also be addressed.😎

https://channel8.com/english/news/43255

Iraqi Council of Ministers Approves June Salaries for Kurdistan Region Public Employees

Meanwhile, the joint committees from Baghdad and Erbil will continue their negotiations to reach a comprehensive agreement on non-oil revenues and the export of oil from the Kurdistan Region.

https://www.kurdistan24.net/en/story/860085/iraqi-council-of-ministers-approves-june-salaries-for-kurdistan-region-employees

#BREAKING: The disbursement of the Kurdistan Region's civil servant salaries was approved in a vote by the Iraqi Council of Ministers, according to The New Region's Baghdad reporter

https://x.com/thenewregion/status/1960328491565531304

https://x.com/Rudawkurdish/status/1960328676832100610

https://baghdadtoday.news/281818-.html