IRAQ Builders
IRAQ Builders is a group of doctors, pharmacists, engineers, workers, businessmen and many other people from Iraqi society standing together with the forgotten and neglected poor families against...
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IRAQ Builders - Video
Truth behind indian trapped in Iraq explained by foreign minister sushma swaraj
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Truth behind indian trapped in Iraq explained by foreign minister sushma swaraj - Video
Iraq says woman detained in Lebanon is not Baghdadi wife
Iraq says woman detained in Lebanon is not Baghdadi wife http://www.sanalio.com .BAGHDAD (Reuters) - Iraq #39;s Interior Ministry said on Wednesday that a woman detained by Lebanese authorities...
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Iraq says woman detained in Lebanon is not Baghdadi wife - Video
Iraq's government has reached a temporary agreement with authorities in the Kurdish region to end a dispute over oil exports and budget payments to the semi-autonomous region.
Under the deal, the Kurdswill be allowed to sell 300,000 barrels per day (bpd) to Turkeyfrom Kirkuk via a pipeline running through their territory, in addition to 250,000 bpd from the region's own fields.
The crude will be sold by Iraq's state oil marketing organisation (SOMO), representing a compromise by the Kurds, who have long insisted the constitution entitles them to sell oil on their own terms.
In return, Baghdad will resume payments to the Kurds of 17 percent share of the national budget, and will disburse $1bn towards salaries and equipment of the Kurdish peshmerga forces, who are fighting the Islamic State in Iraq and the Levant (ISIL) in the north.
The Kurds have suffered a financial crisis since the federal government cut funding early this year as punishment for their move to export oil independently.
The agreement will help Iraq increase oil exports at a time when its budget is strained by low oil prices and the cost of financing the war against ISIL fighters who control much of the country. It will last at least for the budget year if neither side defaults.
Significant boost
"It needs some technical work which starts immediately by the KRG," Iraqi Finance Minister Hoshiyar Zebari told the Reuters news agency, describing the deal as a win-win for both sides.
A source in the Kurdistan Regional Government (KRG) said the region will sell 250,000 bpd of oil produced in areas under its control to SOMO at Ceyhan but would be free to sell anything produced over and above that amount.
That could mark a significant boost for the region, which has said it plans to export as much as 1 million bpd by the end of next year, but has faced long-running opposition from Baghdad to exporting its own crude.
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Iraq government reaches oil deal with Kurds - Middle East ...
Iraq's central government and leaders of the nation's semiautonomous Kurdish region unveiled an oil and budget deal Tuesday aimed at resolving a months-long dispute and presenting a united front against Islamic State militants.
The accord provides an interim resolution to a divisive issue at a time when the extremists threaten the central government in Baghdad and the Kurdish regional administration in the northern city of Irbil. The United States and other Iraqi allies have long pushed for an agreement to help improve often frosty relations between Baghdad and Irbil.
The deal calls for an Iraqi state entity to sell oil from Kurdish-controlled areas in the north while long-suspended federal revenues are restored to the Kurdish region. Both sides appeared to have compromised for now on the central issue: Who has the ultimate rights for the vast amounts of oil found beneath Kurdish lands?
Authorities said they hoped the accord would boost the nation's faltering economy.
"This deal is a win-win deal for both sides," Iraqi Finance Minister Hoshyar Zebari, a Kurd, told the Associated Press.
The disputed status of Iraq's oil revenues has stoked tension for more than a decade and recently threatened the government of Prime Minister Haider Abadi, a moderate backed by the United States and Iran, Iraq's major allies. Oil is Iraq's major source of revenue.
Abadi came to power in September, a few months after Islamic State insurgents swept through a large part of the country in June, chasing government forces and posing a grave security threat less than three years after U.S. troops left Iraq. The Pentagon has since launched airstrikes in Iraq and neighboring Syria against Islamic State, which President Obama has vowed to "degrade and ultimately destroy."
Though leading a Shiite-dominated government, Abadi has vowed to reach out to Iraq's disenchanted minorities, including Kurds and Sunni Muslims, as pro-government forces struggle to regain ground lost to the militants. Many experts saw Tuesday's agreement as a concrete marker of improved relations between Baghdad and the Kurdish region.
Brett McGurk, the U.S. deputy assistant secretary of State for Iraq, called the deal an "important breakthrough" in a Twitter post.
The United Nations envoy to Iraq, Nickolay Mladenov, hailed the two sides' "leadership and spirit of compromise in reaching this encouraging agreement."
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Iraq, Kurds agree on oil deal, uniting to fight Islamic State