Kurdistan Regional

Kurdistan Regional (733)

April Report: Kurdistan Region oil production at record level, export commitments met

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - According to the April 2015 report published by the Kurdistan Regional Government, KRG, Ministry of Natural Resources, KRG commitments under the 2015 Federal Budget Law have been met, and oil production has reached record levels.

According to an agreement on oil export and budget, reached last December between the KRG and the Federal Government of Iraq, Kurdistan Region is committed to export 550,000 bpd (barrels per day) in return for a budget entitlement close to one billion US dollars per month to be paid by the federal government. The agreement was approved within the framework of the Iraqi Federal Budget Law for 2015.

In April, the Kurdistan Regional Government delivered to the Iraqi State Oil Marketing Company, SOMO, a total 16,878,985 barrels for an average of 562,633 bpd.

Kurdistan Region oilfields supplied 12,457,371 barrels averaging 415,246 bpd, while North Oil Company (NOC) oilfields, Kirkuk, supplied 4,421,614 barrels averaging 147,387 bpd. Oil from both sources is exported through a KRG pipeline to the Turkish oil export facility at Ceyhan.

In March the KRG published cumulative export data, noting that while it met its oil export commitments, the KRG has yet to receive its full entitlement per agreement under the Federal Budget Law of 2015.

Last week, in two separate meetings, the Kurdistan Region Prime Minister and a number of members of the Council of Ministers, met Kurdistan Region Baghdad representatives, and the Speaker of the Kurdistan Parliament along with Parliamentary groups.

The Prime Minister reaffirmed KRG’s commitment to the December agreement and the Iraqi 2015 Federal Budget Law. He pointed out, however, that if talks with Baghdad do not produce positive results and Baghdad continues its breach of the Federal Budget Law, then the KRG will have to consider other options to stabilise the Region’s financial security.

Italy will continue its assistance to Kurdistan Region

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - Kurdistan Region Prime Minister, Nechirvan Barzani, yesterday received Italy's Ambassador to Iraq, Massimo Moratti and his accompanying delegation, who visited Prime Minister Barzani on the occasion of ending his duties in Iraq.

Mr Morrati pointed to the assistance that the Italian government provides to the people and government of Kurdistan Region, particularly humanitarian assistance and training of the Peshmerga forces, stressing that Italy’s assistance to the Kurdistan Region will continue.

Prime Minister Barzani thanked Mr. Morrati and praised his role as Italy’s ambassador to Iraq, who has been able to contribute to the establishment of solid relations between Kurdistan Region and Italy, and deliver the true image of the Region to his and European countries. He wished success to Mr. Morrati in his future position.

Prime Minister Barzani recalled that those visits by Italian senior delegations to Kurdistan Region, particularly during difficult times, are being highly appreciated.

He reiterated that the threat of the Islamic State terrorist organisation, ISIS, has not been eliminated, which is why it is essential to continue cooperation between the two sides.

Kurdistan Region President Meets US Ambassador to Iraq

Kurdistan Region President Masoud Barzani met with US Ambassador to Iraq Stuart Jones in Salahaddin today. The meeting focused on a discussion of the latest political and security developments in the country and the fight against the ISIS terrorists.

The US Ambassador reiterated the United States commitment to continue to support the peshmerga forces in the fight against terror.

They also discussed relations between Erbil and Baghdad and the situation of IDPs who have sought refuge in Kurdistan.

UK Military Senior Advisor commends Peshmerga Forces

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - Kurdistan Regional Government Prime Minister, Nechirvan Barzani, yesterday received the Defence Senior Advisor Middle East in the UK Ministry of Defence, Lieutenant General Tom Beckett, and his accompanying delegation.

General Beckett discussed the latest security developments in the region in general and in the Kurdistan Region in particular. He also discussed continuing and increasing trainings for Peshmerga forces by the UK military.

He commended the Peshmerga forces who courageously confront the Islamic State terrorist organization, ISIS. He lauded the protection they provide to all people in the Kurdistan Region regardless of their ethnic and religious backgrounds.

He informed the Prime Minister that the Peshmerga forces are successful in the training programmes and they satisfactorily fulfilled their tasks.

General Beckett also discussed the situation in the areas under the control of ISIS. He stressed the need for cooperation and coordination among all forces, including Iraqi and Kurdistan forces, in order to defeat the terrorists.

Prime Minister Barzani thanked the UK government for supporting and assisting the Kurdistan Region since the terrorist threat emerged. He expressed his wish that training programmes for the Peshmerga forces continue and increase.

He hoped that the ongoing satisfactory coordination and cooperation between coalition forces and the Kurdistan Region would continue and expand, which are vital to eliminate terrorist threats.

President Barzani Visits Kuwait

Kurdistan Region President Masoud Barzani arrived in Kuwait City on Saturday on an official visit to hold meetings with the Emir of Kuwait and other senior Kuwaiti officials.

On his arrival, the President and an accompanying senior KRG delegation were welcomed at Kuwait City airport by Sheikh Sabah Al-Khalid Al-Sabah, the First Deputy Prime Minister and the Foreign Minister of Kuwait.

President Barzani is due to also visit Abu Dhabi in this Gulf visit to meet with the leadership of the UAE. In both countries, the President will discuss bilateral relations, the threat of ISIS terrorists,and the plight of Iraqi IDPs who have sought refuge in Kurdistan.

Kurdistan Region President Sets Date for Presidential Elections

Kurdistan Region Presidency’s Chief of Staff Fuad Hussein announced that President Masoud Barzani has set the 20 August 2015 as the date for presidential elections in the Kurdistan Region. He added that the President has tasked the relevant KRG authorities to ensure fair and free elections are held for the President of the Kurdistan Region of Iraq.

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