Tuesday, 28 December 2010

Who will blink first?

Recognize my oil deals first then I will let you have the revenues you need, that's the condition set by Iraq's northern semi-autonomous Kurdish region on Tuesday to the central government in Baghdad to resume oil exports, The Associated Press reports.

The Kurdish reply came after numerous statements made by Iraq's new Oil Minister, Abdul-Karim Elaibi, that his Ministry is ready to receive all the oil produced to export it , have the revenues and will pay only the costs incurred by the developers until a final solution is reached on the deals .

Ali Hussein Balo, an adviser to the Kurdish Ministry of Natural Resources said the crude-rich region can significantly contribute to the nation's target of raising oil exports next year by shipping 150,000 barrels a day out of the country, but only if all "our deals are recognized officially in a signed paper by Baghdad," he told the AP.

Again, we are witnessing a psychological warfare between the Kurds and Arab-led government.

The Kurds are trying to play a hardball to get their controversial oil deals recognized by Baghdad which needs each drop of oil produced to generate the sorely needed cash. While Baghdad is trying to make use of the pressure the Kurds face from oil companies who want to end this nightmare and to get their money back.

In less than a week, Baghdad twice announced remarkable increases to it's daily production from around 2.4 million barrels a day to more than 2.6 million barrels now. It promises more increases in the future as if it is telling the Kurds that I can spare your contribution so you have two options; either to accept my condition or keep you oil underground.

Who will blink first?

kassakhoon@gmail.com

25 comments:

Maury said...

Why would the Kurds blink? They smuggle the oil into Iran and keep all the proceeds. Blinking would mean giving most of the revenue to Baghdad. I can see this impasse lasting several generations, or at least until the oil is gone.

http://musingsoniraq.blogspot.com/2010/07/kurdistan-admits-to-smuggling-oil-to.html

網站設計 said...

hooray, your writings on theater and writing much missed!

抓姦 said...

hooray, your writings on theater and writing much missed!

偵探社 said...

hooray, your writings on theater and writing much missed!

尋人 said...

hooray, your writings on theater and writing much missed!

討債 said...

hooray, your writings on theater and writing much missed!

討債 said...

Thank you, that was extremely valuable.

法律諮詢 said...

hooray, your writings on theater and writing much missed!

Anonymous said...

Possible solution?

http://www.atimes.com/atimes/Middle_East/MA06Ak01.html

網站設計 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

抓姦 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

偵探社 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

尋人 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

討債 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

討債 said...

Thank you for sharing!

法律諮詢 said...

Keep the faith, my Internet friend. You are a first-class writer and deserve to be heard.

網頁設計 said...

Whats up ! Love your blog thanks for sharing it with everyone

抓姦 said...

Whats up ! Love your blog thanks for sharing it with everyone

偵探社 said...

Whats up ! Love your blog thanks for sharing it with everyone

尋人 said...

Whats up ! Love your blog thanks for sharing it with everyone

討債 said...

Whats up ! Love your blog thanks for sharing it with everyone

討債 said...

Love your blog thanks for sharing it with everyone

法律諮詢 said...

Whats up ! Love your blog thanks for sharing it with everyone

網頁設計 said...

hooray, your writings on theater and writing much missed!

Gas fires milton keynes said...

It’s really nice post. I would like to appreciate your job and would like to tell to my friends.