Article

2014-06-24 Iraq

Iraqi Kurdistan gets around $100 million for first major oil export as third oil tanker

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Posted by Squinty 2014-06-24 00:00|| || Front Page|| [5 views ] Top

#1 Kurdish officials have pledged to stick by Iraq's revenue-sharing framework, which sees Erbil take 17% of the proceeds from all national oil sales. But successful deposits for their oil would give more leverage to the KRG as it seeks greater economic independence, and could pave the way for Kurds to access international loans to fund their budget.

"When we approach international finance houses, they look to whether we can export and sell the oil. Now that we have done that, it is easier to get loans," KRG spokesman Safeen Dizayee said Monday in an interview. "There are serious negotiations, and I think we will get a deal soon."

Posted by Squinty 2014-06-24 00:05|| 2014-06-24 00:05|| Front Page Top

#2 President Obama will look without fondness

He'll hate Israel more than he does now?

Posted by g(r)omgoru 2014-06-24 03:48|| 2014-06-24 03:48|| Front Page Top

#3 Under a 2003 agreement sales of Iraqi oil were to be deposited in an account held by JPMorgan Chase in NY city. Thus, the deposit of funds received for sale of Kurd oil through Ceyhan, Turkey, in the Turkish bank will likely make Kerry's head explode.

Posted by Muggsy White8658 2014-06-24 08:32|| 2014-06-24 08:32|| Front Page Top

#4 will likely make Kerry's head explode.

We can only hope!

Posted by Old Patriot 2014-06-24 22:15|| 2014-06-24 22:15|| Front Page Top

#5 Kookie r gud

Posted by badanov 2014-06-24 22:21|| http://www.chriscovert.net 2014-06-24 22:21|| Front Page Top

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