Finally forward movement on the budget schedules... Article: "After a "difficult labor", the 2025 budget tables finally find their way to the Council of Ministers"
Quote: "The Iraqi parliament recently approved an amendment to the general budget related to Article 12, which settles a dispute between the Kurdistan Region and the federal government over receiving the region’s oil"
FRANK26: "MY ACCOUNT... OR MY INTERNATIONAL CURRENCY.".......F26
PUK President Bafel Talabani praises PM Barzani for MyAccount Initiative
2/23/2025
ERBIL (Kurdistan24) –
At the seventh Baghdad International Dialogue Conference on Sunday, Bafel Talabani, President of the Patriotic Union of Kurdistan (PUK), expressed his gratitude towards Kurdistan Region Prime Minister Masrour Barzani for the successful launch of the MyAccount initiative.
Talabani took a moment during his speech to commend Barzani, stating, "Thanks to Prime Minister Masrour Barzani, the MyAccount initiative and Tawtin are progressing very well." He highlighted the importance of these projects for the region and acknowledged their positive impact.
The PUK leader also shared insights into his recent discussions with Prime Minister Barzani. He revealed that they had met before Talabani’s trip to the United States to discuss various topics, including the MyAccount initiative.Talabani noted that he had posed questions to the Prime Minister about the project, and he was thoroughly impressed with the questions.
In a further update, Talabani mentioned that the premier had sent a dedicated team to Sulaimani to examine the MyAccount initiative in detail, working alongside legal and financial experts to assess its alignment with the Tawtin initiative. This collaborative approach, Talabani said, reflects the shared commitment to ensuring the success of both projects.
In response to a question from Kurdistan24 reporter Dilan Barzan regarding the formation of the tenth cabinet of the Kurdistan Regional Government (KRG), Talabani expressed optimism about the ongoing talks between the PUK and the Kurdistan Democratic Party (KDP). He hoped the negotiations would proceed in a positive spirit, resulting in a fruitful outcome for the region.
The KDP and the PUK held a crucial meeting in Sulaimani on Saturday, to discuss political cooperation and mechanisms for forming the KRG's tenth cabinet.
Article: "Huge wealth.. What do you know about 'precious' minerals in Iraq?"
Quote: "Iraq is witnessing An important shift in its economic strategy, as the government is moving towards diversifying sources of income and strengthening non-oil sectors, with the project to localize precious metals among the most prominent projects on this path."
Article: "Kurdistan oil to flow again within two days"
Quote: "Iraq is awaiting Turkiye’s approval to restart oil exports from the Kurdistan Region via the Ceyhan pipeline within two days, Iraqi Oil Minister Hayyan Abdul Ghani revealed on Monday."
Erbil, Baghdad Reach Agreement to Resume Kurdistan’s Oil Exports
According to the statement, oil exports will resume in accordance with available quantities, ensuring a gradual return to international markets.
2/23/2025
ERBIL (Kurdistan24) –
In a significant breakthrough, Erbil and Baghdad have reached an agreement to resume the Kurdistan Region’s oil exports, marking a step toward resolving a longstanding economic and political dispute.
As part of the agreement, a joint technical committee has been formed to inspect and assess Kurdistan’s oil export pipelines.
The Kurdistan Regional Government’s (KRG) negotiating delegation announced the agreement on Sunday, emphasizing that it was reached following extensive communications and coordination between the Iraqi Federal Oil Ministry and the Kurdistan Region’s Ministry of Natural Resources (MoNR).
According to the statement, oil exports will resume in accordance with available quantities, ensuring a gradual return to international markets.
To facilitate this process, a joint technical team was established on Sunday to conduct inspections on Kurdistan’s oil export pipelines. This step is aimed at ensuring the smooth and efficient flow of oil exports, which have been suspended for nearly two years.
“In this regard, we reaffirm our commitment to implementing the provisions of the federal general budget law,” the KRG delegation stated, signaling a commitment to the legal and regulatory framework governing oil revenues and resource management in Iraq.
The agreement follows an announcement by the Iraqi Oil Ministry on Saturday stating that all necessary procedures for resuming Kurdistan’s oil exports via Turkey’s Ceyhan port have been completed.
This development paves the way for Kurdistan’s crude oil to re-enter international markets, stabilizing the region’s energy sector and restoring a crucial revenue stream for both Erbil and Baghdad.
The halt in Kurdistan’s oil exports, which lasted nearly two years, has had profound economic ramifications, resulting in an estimated $26 billion in losses for both Iraq and the Kurdistan Region.
The prolonged suspension also disrupted global energy markets, exacerbating supply chain challenges and economic uncertainty.
Reports by Reuters, citing eight different sources, previously suggested that the Trump administration had urged Iraq to expedite the resumption of Kurdistan’s oil exports, highlighting the geopolitical and economic significance of Kurdish crude in the broader energy landscape.
As Erbil and Baghdad move forward with the technical implementation of this agreement, attention will be focused on ensuring transparency and efficiency in oil export operations.
The resumption of exports is expected to provide much-needed financial relief to the Kurdistan Region while also strengthening the broader economic ties between the federal and regional governments.