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    KRG plans to issue currency and sell their oil...

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    goodyboy
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    KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sat 07 Jun 2014, 20:29

    from the iBeach...  What a Face 

    comments from Kapistan...
    It could be a bluff to get the oil agreement done and new GOI formed.   One thing for sure, if they do, it's a setback for Iraqi dinar investors.  Clearly, the Kurds are frustrated for whatever the reasons..they are being held back for years.  We have to wait and see.

    ...article posted earlier explaining that a tanker is adrift after being refused as a result of the central government (GOI) saying it will sue anyone who buys the Kurds oil.  This is a lot of oil just drifting at sea...

    The provincial government (KRG) plans to issue currency in cash to complete the steps to secede from Iraq
    6/7/2014

     

    BAGHDAD / Obelisk: A source familiar with the Kurdistan Regional Government, on Saturday, for the determination of the provincial government to issue its own currency in the province in order to achieve the goal of secession from Iraq.

    The source said the "obelisk", "The process of issuing its own currency province of Kurdistan has been the subject of discussion in the parliament session, which was held last Wednesday, which has been meeting with the prime minister of the region Nechirvan Barzani."

    The source added that "the meeting saw a discussion on the provincial government to export oil and the U.S. government's opposition to him."

    He explained that "the conferees agreed that the export was done without the approval of the federal government, while Barzani stressed that the differences with the United States will not go beyond this limit."

    The president of Iraq's Kurdistan region, Massoud Barzani, in (the 22 of last May) for the export of the provincial government for oil without the approval of the federal government, while the experienced export process rejected much of the federal government filed a lawsuit against the Ministry of Natural Resources and the oil in the region to export oil without approval, and filed a second lawsuit on the Turkish government refused to learn that the federal government and imported oil from Kurdistan.

    He said Prime Minister Nuri al-Maliki on Monday (June 2, 2014), the export of oil from the Kurdistan region, "a violation of the sovereignty and the constitution, and the process closer to the smuggling."

    The U.S. government announced its rejection on several occasions to the provincial government to export oil without the approval of the federal government of Iraq, according to the words of a spokeswoman for the Ministry of Foreign Affairs Jane Bsaki.

    The move to the Kurdistan region of the judge to issue its own currency by Sir steps toward complete separation from Iraq.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=/search%3Fq%3D%25D9%2585%25D9%2586%25D8%25B8%25D9%2585%25D8%25A9%2B%25D8%25A7%25D9%2584%25D8%25AA%25D8%25AC%25D8%25A7%25D8%25B1%25D8%25A9%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25A7%25D9%2584%25D9%2585%25D9%258A%25D8%25A9%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%26lr%3D%26hl%3Den%26tbs%3Dqdr:d&rurl=translate.google.com&sl=ar&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D31548&usg=ALkJrhhto8SuXhQqVZoWGLAq8Sshg7DDQQ


    ...  What a Face 
    my too sense...



    Last edited by goodyboy on Mon 09 Jun 2014, 13:31; edited 2 times in total
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sat 07 Jun 2014, 20:41

    ...  What a Face 
    I wonder if they will take IQD or an Iraqi smart card with Okie's signature on it?

    Kurdish oil tanker looking for a buyer
    6/8/2014 0:00

    BAGHDAD - morning

    Still confusion marred path tanker loaded with oil from the Kurdistan region which is now in confused seas, as a maritime expert stressed that Iraqi tanker adrift without a specific destination in the Atlantic Ocean after leaving the Moroccan territorial waters by order of the authorities there.

    The expert said Kazem cup erythema in a press statement that "the airline (United Leader graying) that carry on Saratha aware of the Marshall Islands turned away a distance of 16 nautical miles from the coast of Morocco, according to accurate data source systems, navigation world provides a tracking service vessels via satellite," noting that " tanker became outside the territorial waters of Morocco, which is a floating currently in the Atlantic Ocean without running the engine or throw the anchor, and this case clearly expressing the concern and confusion master ", pointing out:" It is still loaded with a cargo of oil, because the immersion of them up to a depth of 16 meters, even were not loaded with a large quantity of oil to the draft of much less. "

    He cautioned erythema, who works for more than 30 years guiding navigational at the General Company for Ports of Iraq that "the carrier if they have a specific destination when surrendered to the currents of marine driven very slowly at a rate of half a nautical mile per hour," noting that "it seems that the Iraqi government has succeeded to a very now to prevent the tanker from unloading its cargo. "

    According to the tracking data via satellite ships that sailed the tanker after the first of the Turkish port of Ceyhan, heading to the Gulf Coast in the United States diverted to the Mediterranean at the end of last week.

    While news agencies reported that Italy warned, yesterday, oil traders will likely face legal action by Baghdad if bought exports disputed from the Kurdistan region of Iraq, as ordered by the Moroccan authorities, last Thursday, the oil tanker "United for Adrchib" to leave its territorial waters, in compliance Baghdad warnings not to deal with it and considered stolen and smuggled cargo.

    The Iraqi oil exports from the Kurdistan region until the week before last, only limited quantities transported by road tankers to the two ports Turkish before he declared the region for the export of the first large shipment via Turkey by tanker (United Leader Shipp), and led the development of the complexity of the crisis more between Baghdad and Erbil , has threatened the Iraqi Oil Marketing Organization (SOMO) to take legal action, then the Iraqi government announced its intention to sue arbitration against Turkey before the International Chamber of Commerce, and promised the federal government what happened as "the process of stealing and smuggling of Iraqi oil," while the head of the provincial government Barzani It is not a retreat from the export of oil extracted from the fields of the region, and waved to resort to other options did not disclose the nature, if not reach a common understanding.

    http://alsabaah.iq/ArticleShow.aspx?ID=72296


    ...  What a Face 
    6/8/2014
    Iraq Oil Report tweet...
    https://twitter.com/iraqoilreport/status/475467276951748608

    Kurdish-chartered oil tanker stuck in purgatory of political, legal controversy. Buyer warned off.
    http://t.co/5ccCD0JOKW


    Last edited by goodyboy on Sun 08 Jun 2014, 08:27; edited 2 times in total
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sat 07 Jun 2014, 21:28

    from the iBeach...  What a Face 

    Kurdish exports in limbo
    6/8/2014



    By BEN VAN HEUVELEN of Iraq Oil Report
    Published Sunday, June 8th, 2014

    The Kurdish-chartered oil tanker United Leadership is stuck in a purgatory of political and legal controversy, sailing in circles off the coast of Morocco. The autonomous Kurdistan Regional Government (KRG) has not yet offloaded its first-ever ship full of independent pipeline exports, and no money has landed in the KRG's account in Turkey's Halkbank, according to two senior Turkish government officials. For the moment, at least, the sale has been prevented by legal and commercial threats...


    Last edited by goodyboy on Sun 08 Jun 2014, 08:39; edited 3 times in total
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sun 08 Jun 2014, 08:22

    ...  What a Face 

    Kurdish politician: the Kurdistan region is moving towards economic independence
    6/8/2014

    Writer and political analyst Haval Zakhuya said the data refers (suggests) to the political move of the Kurdistan region invested in oil and gas, which means that they are moving towards economic independence.

    He Zakhuya in a press statement that any independence does not come suddenly, but it is the stages of successive and well thought out (planning), and the scenario is clearly visible, which can be read according to the movement taking place in Kurdistan...and the trend towards moving to invest natural wealth to secure the salaries of employees province, which are broke from months of Baghdad, and revive the economic sector by making use of the proceeds of oil, which the provincial government began exporting to world markets via Turkey.

    Zakhuya ruled (predicted) that resolved oil crisis relationship between Baghdad and Erbil in the short period ahead, is likely to head toward things being more complex with this issue, in light of being stuck by the province's (KRG) right to benefit from the wealth and be able to secure the salaries of his staff on the one hand, and the insistence of Baghdad on their positions that reject such a move without referring to on the other hand.

    http://translate.google.com/translate?hl=&sl=ar&tl=en&u=http%3A%2F%2Fwww.burathanews.com%2F&sandbox=1
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sun 08 Jun 2014, 08:45

    ...  What a Face 
    from email from lil sister...

    Olemartin...We are certainly watching high stakes poker.  Remember the pressure that Hakim and Sadr's coalitions are facing.  We saw an article in which Maliki was threatening to release files with evidence of corruption on any MP that participates in the coalition against him.  To counter this level of pressure and help the new coalition stay intact, the Kurds are playing every card they have.  

    I believe that there are many Kurdish leaders clamoring to leave Iraq, sell oil unilaterally, and print a new Kurdish currency.  Khalil has plausible deniability -- he knows the threats that are being made and the reasons, but he can remain more neutral.

    The Kurds have the opportunity to be king makers in this parliamentary system.  They can and should demand that their support only go to the group that will allow them to sell oil and be fairly compensated.  Maliki is the product of his development under the harsh Sunni dictatorship - he can only trust and support Shi'ites.  If he had cultivated their support through Article 140 (HCL) and measures of independence, he would be unstoppable.
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Sun 08 Jun 2014, 12:52

    from the iBeach...  What a Face 
    http://www.ripcurl.com/events/2014-rip-curl-gromsearch.html

    Imagemaker..."Isn't it ironic that Baghdad only follows the constitution when its to their benefit..."

    Oil: We're going after those who are involved in dealing with the Kurdish oil smuggled out of Iraq
    06/08/2014 14:43

    Tomorrow's Press / Baghdad: Ministry confirmed oil, Sunday, that the marketing of Iraqi oil extracted from fields in the Kurdistan region of Iraq without the consent of the government and the oil ministry federal constitutional violation explicit and overcome glaring federal authority and validity, indicating that it would hunt down those who become mired in dealing with the oil province Kurdistan getaway from Iraq.

    The ministry said in a statement received "tomorrow's Press," "The Practice of the Kurdistan region caused damage to the economy and the federal budget, and that leads him some officials in the Government of the Territory of rationalizations and justifications illogical and unrealistic about having to oil marketing beyond the borders of ways and mechanisms of illegal talk is not precise aims to distort the facts and jamming on our citizens in the region in particular and Iraq in general. "

    He added that "in order to uncover the truth in front of our citizens all, the oil ministry and through the experience of the days and previous years, confirm that the Government's commitment to the region of their obligations to the Iraqi people and the federal government and not honoring promises made by the representatives of the Government of the Territory in meetings and dialogues that let them sincerely in pursuit of us to heal the rift and bridge the gap that they were trying to expand insisting on the non-disclosure of their activities oil and refusing to deliver revenue to the federal treasury over the past years (2010, 2011, 2012.2013), which exceeded the value of about $ 119.70, in addition to the losses of 2014, which estimated up to 31 of the month of May last more than six billion. "

    The ministry predicted according to the statement that "up losses for the remaining months of this year nearly 2014 (8400), and thus the total losses suffered by the Iraqi economy more than (34) Thirty-four billion dollars."

    The statement noted that "in addition to not declare the region about the fate of these funds and where to go, particularly in the years (2010, 2011, 2012.2013), although for the region to its full share of the federal budget and 17% for the years in question, as well as not Territory observes its commitments made by the federal government handed over the amount of 400 thousand barrels per day within the budget of 2014, which caused additional losses amounted to more than six billion and 288 million dollars for the period from the month of January until the end of the month of May 2014. "

    And demanded the Oil Ministry, "the Turkish government to respect the sovereignty and the national wealth of the Republic of Iraq and the need to abide by the International Convention governing the operation of oil exports from the Turkish port of Ceyhan and signed between the two countries in 2010", and expressed surprise at "the silence of many of the actors and the concerned parties and not commenting on the news and documents published and reported by some media recently, which confirms that the Government of the Territory to sell oil to Israel and bringing them to the refineries. "

    The Ministry confirmed the oil they "will spare no effort to preserve the national wealth and work to optimize and protect them for a better future for our people in all our provinces dear," adding, "We reserve the right to legal prosecution of all those involved in dealing with the oil being ejected cross-border manner It is illegal without the permission of the federal government. "

    It is noteworthy that the Oil Ministry announced that, in the 23 May last, for filing a lawsuit against the Ministry of Natural Resources in the Kurdistan region for its oil exports without the consent of Baghdad, confirmed the start of legal proceedings against Turkey and company Botas for violating the agreement signed between the two countries in 2010.

    The Committee on Energy and industry in the Kurdistan Parliament announced on the first of June, Germany and Italy bought the oil exported from the region.

    The Turkish Energy Minister Taner Yildiz announced, on May 22 last, the Kurdistan region of Iraq began exporting the first shipment of crude oil through the Turkish port of Ceyhan on the Mediterranean despite the conflict has existed since a long time with Baghdad about the sharing of oil revenues.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D2781928&usg=ALkJrhglM73GKSlbh6fx1n1FgPdlaocdOA
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    Re: KRG plans to issue currency and sell their oil...

    Post  goodyboy on Mon 09 Jun 2014, 13:09

    ...  What a Face 
    Iraq Solidarity News tweets/retweets...


    essentially up yours Baghdad...

    Iraq Solidarity News ‏@iraqsolidarity  1h
    Second tanker of Kurdish oil leaves Turkey despite Baghdad protest
    http://bit.ly/1hAnEPB

    Ben Van Heuvelen ‏@berendvh 3h
    A second tanker filled with 1 million bbl of KRG pipeline exports has left Ceyhan.
    http://www.iraqoilreport.com/oil/production-exports/second-tanker-loads-kurdish-pipeline-exports-12479/ …

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