World Bulletin / News Desk
The regional government in Erbil has the right to sell its own oil if Baghdad does not uphold its part of an oil agreement, the Iraqi Kurdish administration’s parliament speaker said Saturday.
Speaker Yusif Muhammad Sadiq said that the Kurdish administration had alternatives if the central government continued not dispersing the share of the regional government from the federal budget.
"We prioritize our relations with Baghdad and maintain our loyalty to the mutual agreement. However, we have the legal right to sell our oil independently without consent from the central government, if they do not distribute our share from the budget and do not honor the agreement," Sadiq said.
The Iraqi Kurdish administration and the central government reached an oil agreement on Dec. 2, 2014, according to which Erbil could export oil in exchange for a share in Baghdad’s budget.
The agreement specified that the Iraqi Kurdish administration would export 250,000 barrels of oil per day, with the Kirkuk province providing 300,000 barrels per day under the supervision of central government’s oil marketing company, SOMO. In return, Baghdad was to provide 17 percent of the national budget to the Kurdish regional government.
Sadiq said that the regional government had responsibilities to its citizens and could resort to not only selling oil independently but also signing free trade deals.
Electoral coalitions in Iraq are often formed based on sectarian and ethnic lines
Al-Aqsa officials are warned not to carry out any renovation work at flashpoint holy site, local official says
Rescue team has not ruled out possibility of locating more bodies
Israeli officials say Gaza economy was “like from zero to below zero”
Salim al-Jubouri also stresses need to support war-ravaged Nineveh province in post-ISIL era
Press Secretary Sarah Sanders insisted that Trump said "I'd," not "I" as the newspaper reported.
Palestinian minister says Israeli government violates Christian, Muslim places of worship
Five people are still missing after the mudslides, according to an update on the County of Santa Barbara's website, which warned people to "anticipate the numbers of missing persons to fluctuate significantly."
Haider al-Abadi forms Victory Coalition and calls on political groups to join his ‘supra-sectarian national coalition’
‘The U.S. Pacific Command has detected no ballistic missile threat to Hawaii,’ says Pentagon
Palestine Liberation Organization calls for the assurance of the establishment of the Palestinian state
Antonio Guterres says UN supports Colombian peace process
Speculation about Haley's presidential ambitious has picked up since she defended Trump's decision to recognize Jerusalem as Israel's capital, staring down friends and foes alike at the world body.
"The G7 serves well as a proving or testing ground for discussions that could eventually go into the G20 or the United Nations or international financial institutions," Peter Boehm, Canadian Prime Minister Justin Trudeau's G7 representative, said in an interview with AFP.