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Showing posts with the label Trade & Economy

Who really controls Kurdistan’s gas? The Dana Gas deal, the KRG’s silence and the hidden cost of selling energy to Iraq

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By Dr. Pshtiwan Faraj | Kurdish Policy Analysis      A $2.239 billion arbitration settlement, a contract running until 2049, expanded rights for Pearl Petroleum and a new battle over gas sales to Baghdad are raising uncomfortable questions about who ultimately controls Kurdistan’s most strategic natural resource. The latest dispute over Khor Mor gas is exposing a much deeper problem in the Kurdistan Region’s energy sector: the public still does not appear to have a clear picture of who controls the region’s gas, who is authorized to sell it, and how much of its future value has already been committed to private companies. At the center of the controversy is Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum, and a settlement agreement reached with the Kurdistan Regional Government (KRG) on August 30, 2017. Kurdistan Parliament member Kawa Sheikh Ali has now sharply criticized that agreement, asking why a government would effectively commit its natural ...

Erbil, Baghdad ASYCUDA rollout aims to streamline trade while safeguarding Kurdistan Region’s legal autonomy

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Erbil–Baghdad Breakthrough: New Customs Deal Unifies Border System Across Kurdistan  Kurdish Policy Analysis ERBIL, Kurdistan Region - Erbil and Baghdad have reached a new agreement to implement the Automatic System for Customs Data (ASYCUDA) across the Kurdistan Region's border crossings, in a move aimed at unifying procedures while preserving the Region’s legal framework, officials said on Wednesday. Sami Jalal, an advisor to the Kurdistan Region’s Ministry of Interior, confirmed to kurdish local media Rudaw that delegations from the federal government and the Kurdistan Regional Government (KRG) finalized the agreement earlier in the day, stressing that “according to the agreement, all laws and special characteristics of the Kurdistan Region will be respected.” “In the implementation of the system, all laws and specificities of the Kurdistan Region have been taken into account,” he added . The move follows months of disputes between Baghdad and Erbil over control of the Region’s...

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