Friday, April 18, 2025
Iraq “officially” reassures energy companies in the Kurdistan Region and pledges to pay their dues, 18 APTIL
Iraq “officially” reassures energy companies in the Kurdistan Region and pledges to pay their dues
Shafaq News / Deputy Prime Minister for Energy Affairs, Iraqi Oil Minister Hayyan Abdul Ghani, revealed on Wednesday the details of the oil file between Baghdad and Erbil, stressing the amendment of the budget law to ensure the payment of the dues of companies operating in the Kurdistan Region, and provide official guarantees to them.
Abdul Ghani said in a speech during his participation in the 9th Sulaymaniyah Forum, followed by Shafaq News Agency, that “the federal government held negotiations with the region that resulted in the amendment of the budget law in order to cover the wages of companies operating in Kurdistan, and the law has already been amended to achieve this purpose.”
He added, “They reassured the producing companies in the region by obtaining an official letter signed exclusively by the Minister of Finance, including a pledge to pay the dues of those companies, which restored confidence and removed fears.”
Abdul Ghani continued, “The amount of oil produced in the Kurdistan Region is deducted from Iraq’s share within OPEC, and we were forced to reduce federal production so as not to affect Iraq’s total share, but this reflected negatively on exports. ”
He stressed that the visit of the Federal Prime Minister to the Kurdistan Region and his meeting with officials there, “had a great impact on accelerating the pace of negotiations between the two sides and achieving recent understandings.”
These statements come in light of a reminous effort to unify the oil policy between Baghdad and Erbil, amid challenges related to export and international obligations, at a time when the government hopes to consolidate trust with companies and ensure the stability of production and export.
ADAM STEPHENS UPDATE, 18 APRIL
ADAM STEPHENS
Hi Everyone...
We are on the doorstep of an amazing leap into a new future for yourself, your families, and for humanity.
Many have asked me what's going on.
Here's the deal... almost all of my contacts have gone silent. Others are saying they want to not say a word.
Last week I shared that I'm going to respect their silence out of protection and caution for them and their long awaited blessings.
What we can see is a lot of movement in Iraq and tons of articles being put out into the open air... why... To communicate to us that the RV is here. It's about to happen.
I've been paying close attention to Swisher1776 on X... and on some others there who are tearing apart the posts and translating information.
There is not much we can grab other than to know that notifications are all that's left.
Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja, 18 APRIL
Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja
Kurdistan Region President Nechirvan Barzani called on Prime Minister Mohammed Shia al-Sudani on Wednesday to activate Article 140 of the Constitution regarding the disputed areas between Erbil and Baghdad, while praising his role in establishing Halabja Governorate.
In a speech delivered at the ninth Sulaymaniyah Forum, Nechirvan Barzani said, "In the Kurdistan Region, regarding our relations with the federal government in Baghdad, we affirm our unwavering commitment to the Iraqi constitution as a framework for regulating this relationship. We believe that the constitution, with its principles of federalism, pluralism, and partnership, is the true guarantor of the rights of all components of Iraq without discrimination."
He added, "The recent period has witnessed remarkable progress in resolving the issues between Erbil and Baghdad, thanks to the commendable efforts of Prime Minister Mohammed Shia al-Sudani, which deserve our appreciation." He added, "Al-Sudani's vision of strengthening commonalities and reducing differences is the correct vision for a solution, and I emphasize here the urgent implementation of the property restitution law and the activation of the committee to implement Article 140 of the Iraqi Constitution."
Nechirvan Barzani stressed that "we will continue constructive dialogue with the federal government to reach permanent solutions to all problems in a way that serves the interests of Iraq, with all its components , and guarantees and secures the constitutional rights and entitlements of all."
He stressed that "the Kurdistan Parliament must be activated in light of the current circumstances and challenges in the region. Therefore, the primary task of the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, and the winning parties in the Kurdistan Parliament elections is to expedite the formation of the new government cabinet for the Kurdistan Region, and for it to be a government that responds to the aspirations of the citizens and is capable of dealing appropriately with developments and challenges." link
🚨IQD RV🚨: IRAQ FINANCE COMMITTEE: BUDGET AT RISK WITHOUT OIL PRICE REVISION !!, 18 APRIL
IQD RV
IRAQ FINANCE COMMITTEE: BUDGET
AT RISK WITHOUT OIL PRICE REVISION
Iraq may face revenue shortfalls if budget assumptions are not adjusted potential financial instability if the government fails to revise the projected oil price in the federal budget “It is still unclear whether the government has adjusted the oil price assumption in the budget.”
Shafaq News/ On Wednesday, Iraq’s parliamentary finance committee warned of potential financial instability if the government fails to revise the projected oil price in the federal budget amid falling global crude prices.
Committee member Jamal Kocher told Shafaq News that the 2023–2025 budget law set the oil price at $70 per barrel, while global prices at the time exceeded that figure, noting, “It is still unclear whether the government has adjusted the oil price assumption in the budget.”
“Iraq’s operational budget amounts to 90 trillion dinars (around $68.7 billion) and if oil prices drop below $60 per barrel without corrective action, the country could face a financial crisis,” he pointed out.
Regarding the status of the 2025 budget tables, Kocher said they are still pending in the Council of Ministers and no date has been set for submitting them to parliament.
Earlier, Prime Minister Mohammed Shia al-Sudani’s economic adviser, Mudhhir Mohammed Salih, told Shafaq News that the delay stems from revisions involving extraction and transportation costs for oil from the Kurdistan Region.
Iraq’s economy is heavily dependent on oil exports, with petroleum revenues accounting for over 90% of the federal budget. In 2023, Iraq passed an unprecedented three-year budget (2023–2025) based on an average oil price of $70 per barrel and a daily export target of 3.5 million barrels.
However, global oil prices have dropped significantly in early 2025, raising concerns that Iraq may face revenue shortfalls if budget assumptions are not adjusted.
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