Posted on 06/29/2017 5:10:36 AM PDT by Texas Fossil
ERBIL, Kurdistan Region – Kurdish Prime Minister Nechirvan Barzani said that total Rosneft investment in the Kurdistan Region is possibly around $3 billion after signing a preliminary Memorandum of Understanding with the Russian oil giant.
The agreement signed last week in St. Petersburg will not come into effect for another at least three months, after it is ratified by the Kurdish government, he explained. During that time, the two sides will enter negotiations to put the final touches on the oil and gas agreement aimed at increasing oil exports to up to 1 million barrels. The deal also touches on exploration and extraction of oil at five blocks in the Kurdistan Region.
Barzani made the revelations speaking at a press conference on Tuesday evening after he returned from Russia where his government signed what he called “an initial agreement, a Memorandum of Understanding” with Rosneft ahead of a meeting with Russian President Vladimir Putin in St. Petersburg on Friday.
“It was signed as a Memorandum of Understanding, but this is an understanding that possibly is more than 200-pages long and needs very careful [study] and it may take three to four months before we can say that it will come into effect, because it takes time,” Barzani said.
He complained of a “meaningless campaign” targeting the deal without first allowing the travelling delegation to reach home and explain its details to the Kurdish people.
(Excerpt) Read more at rudaw.net ...
The details of the negotiations and meetings also must be examined and approved by the Oil and Gas Council, Barzani explained.
Now, note, this will make the KRG dependent on Russia and Turkey for economic growth/security. Russian company buys the oil and develops the field delivery system, Turkey's pipeline transports to Turkish port.
Rosneft and Kurdish ministry sign long-term contract on oil and gas
I didn’t know until today that it was Barzini all along.
The “Deal”.
But remember, this is KRG. If Syrian Kurds were Like KRG and pipeline existed West of Rojava or throught the Southeast part of Syria to the coast, what position would they be in? Especially if it was on NW Coast of Syria.
Just part of it. Barzani gets very wealthy for dealing with Erdogan. But problem is dependence upon Turkey for oil delivery. It’s a trap.
Rex Tillerson mad oil purchases directly from KRG during his time with Exon. But it was not a Nation buying the oil. The new deal with Russia will be national purchase.
Only real solution is pipeline to port directly. Best through North Western Syria. (Just where Erdogan has said he will stop Kurds.)
If that existed, then it “might” (?) be possible to unify the Kurdish nation.
Syria Ping (related)
“But I didn’t know until this day that it was Barzani all along.”
From you lips to God’s ear brother.
The ability to quote that movie from memory is a defining trait of a generation.
:) It is.
But the only Don that ever lived like Vito did was Castellano.
And we know how he ended up. Dead in front of Shark’s steakhouse.
You can’t be that far removed from the rank and file without some animosity growing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.