Highlights/Thoughts
Click on the title of this posting to get the details of this article
1. A member of the Iraqi Council of representatives of the Kurdish coalition said that an agreement between the Kurdistan Regional Government and the federal Iraq states states that oil will begin pumping today
2. The Kurdistan News Agency announced today that the Ministry of natural resources in Kurdistan would begin pumping 100,000 bpd today
3. He said that "after the federal Iraq Government pledged to give financial receivables for oil companies operating in the region of Kurdistan, the territorial Government agreed to resume oil shipments to abroad"
4. Avi said the financial returns from oil in the region would go to the Iraq Reconstruction Fund in the USA, which is distributed throughout Iraq
It has been rumored that the RV would need to take place before the oil began pumping in the Kurdistan region. If they are actually pumping as this article states, we might be able to put that rumor to rest.
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