Download PDF H.E. the Prime Minister esquire; H.E. the Speaker of the Federal Parliament esquire; T.E: Members of the Federal Parliament and Ministers esquires. On 2nd December 2014 a brief announcement was made in Bagdad pertaining to an oil agreement between the Iraqi Federal Government (IFG) and Kurdistan Regional Government (KRG). According to the said announcement (and
Read MoreWith the skyrocketing growth of unconventional oil and natural gas production in the U.S., an intense debate on the impact of energy exports on U.S. consumers, the nation’s energy and economic security and foreign policy has become a major topic of interest. Throughout its history, the United States has attempted to ensure energy security by regulating the price of oil, control
Read MoreMy views and conclusion are summarised below: The KRG will receive: 17% (“Ayad Alawi’s” gift, not the Parliament’s, regardless of their true population percentage) + a payment amounting to 17% of the sovereign expenses which is their legal budget obligation + a payment amounting to the net income of the open unspecified or defined oil production for internal consumption (which
Read MoreAs U.S. shale and Canadian oil sands companies continued to pump out crude, Saudi Arabia let its taps flow and the subsequent plunge in the oil price threw a wrench in their rivals production plans In the high-stakes contest between the United States, the biggest shale oil producer, and Saudi Arabia, the biggest oil exporter, America has blinked first. The OPEC refusal to cut
Read MoreERBIL, Iraq — The new oil agreement between Iraq’s federal government and the autonomous Kurdish government in the north appears to have left some room for confusion as to what the Kurds should do with the significant amount of oil that they do not export under Baghdad’s supervision. According to the deal signed on Dec. 2, the Kurdistan Regional Government (KRG) pledges to exp
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