Authorities in Iraq's semi-autonomous Kurdish Region say they have fulfilled all of their obligations in co-ordination with Baghdad to resume oil exports.
The Kurdistan Regional Government's Ministry of Natural Resources said it is now waiting for an agreement to be signed with the federal government.
“All domestic and foreign companies, except one foreign entity yet to formalise its commitment, have signed the agreement,” the ministry said in a statement on Wednesday.
“This exception does not impact the trilateral agreement among our ministry, the participating companies, and the federal Ministry of Oil.”
The ministry had submitted its official approvals to the Iraqi government on Tuesday.
“We await the federal ministry’s response to finalise the agreement, enabling the State Organisation for Marketing of Oil to commence oil exports from the Kurdistan Region promptly and implement the agreement’s provisions,” the statement added.
Control of the development of oil resources has been a key challenge since the 2003 US-led invasion that toppled Saddam Hussein and helped the Kurds gain official semi-autonomy.
The Kurds argued that the Iraqi constitution allows them to sign deals bypassing Baghdad, while the federal authorities maintain that this is illegal. The struggle has forced Baghdad at some points to withhold the KRG's share of the budget, plunging the region into economic hardship.
In July, the Iraqi cabinet approved a long-anticipated agreement with the Kurdish Region over oil exports. The KRG will “immediately begin delivering all the crude oil produced from the region’s oilfields” to the state oil marketer Somo for export, it said at the time.
In return, the Iraqi Finance Ministry will be “committed” to pay the Kurdish Region $16 a barrel, a price set late last year in amendments to the federal budget law and approved by the cabinet, it said.
At least 230,000 barrels a day will be handed over to Baghdad out of the region’s current total production of 280,000 barrels a day. The remaining 50,000 barrels will be reserved for local consumption.
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
More from Neighbourhood Watch:
Virtuzone GCC Sixes
Date and venue Friday and Saturday, ICC Academy, Dubai Sports City
Time Matches start at 9am
Groups
A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; C Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The biog
From: Ras Al Khaimah
Age: 50
Profession: Electronic engineer, worked with Etisalat for the past 20 years
Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'
Favourite quote: 'Life is so simple, enjoy it'
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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
