Monday.....14 Feb 2025 21:06
Hxxps://channel8.com/kurdish/109942
A member of the Iraqi parliament says the budget amendment will be published in the official newspaper (Waqi'i Iraq) in four days and then can be implemented, a member of the Oil and Gas Committee said, "oil exports need an agreement with Turkey."
"The amendment was approved on February 2 and will be published in the official gazette 15 days later, even if the president does not sign it," Dara Sekaniani, a member of the Iraqi parliament's legal committee, told Channel 8.
"The resumption of oil exports requires a technical agreement with Turkey," Aso Faraidoon, a member of the Iraqi parliament's oil and gas committee, told Channel 8.
"Iraq has been allocated oil production within the framework of OPEC countries and has more production capacity, so it must reduce its oil production after the export of oil from the Kurdistan Region," he said.
According to the amendment, the cost of oil will be increased from $6 to $16 a barrel, which is the average price and the price of oil production and transportation must be decided within 60 days.
The Iraqi parliament approved the amendment to the Kurdistan Regional Government's oil budget on February 2, which will come into force 15 days later.