Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

Iraq wants oil companies to develop 11 fields

Iraq's oil minister is calling on international oil companies that won contracts to develop 11 oil and gas fields to show they are able to meet their obligations.

But Hussain al-Shahristani also stressed on Sunday that the oil companies will have Iraq's full backing in overcoming the numerous obstacles they will face as they develop the fields to which they won rights during two earlier oil licensing rounds.

Al-Shahristani told international oil company representatives at a conference that implementing the contracts on time and under budget was the country's "highest national priority."

The minister has said he wants to raise output from 2.5 million barrels per day to 12 million barrels per day in six years.

http://www.examiner.com/a-2732561~Ir...11_fields.html

The Ministry of Oil: what comes from the fields of the Kurdistan region of crude oil or petroleum products illegally

Renewed Iraqi Oil Ministry, Sunday, criticized the government of Iraqi Kurdistan, for the approval to export oil to one of the neighboring countries, without the consent of the central government, stating that what comes from the fields of the region is illegal, and demanded that the Government of the Territory of dispatch of documentation indicating the approval of Baghdad export of oil from the fields.

Said Oil Minister Hussain al-Shahristani said in an interview for "Alsumaria News" on the sidelines of a symposium held by the Ministry of Oil, on Sunday, with international companies to develop oil fields in Iraq, said that "oil exported from fields in the Kurdistan region, whether crude oil or black or any derivatives the other is illegal, "saying that" The Oil Ministry will not allow the export of oil through the region, but a carrier oil pipeline that connects to the Turkish port of Ceyhan on the Mediterranean."

The Oil Minister Hussain al-Shahristani has criticized strongly at 15 this month, in a meeting with journalists in Baghdad, the KRG authorities for allowing the export of fuel to Iran without the consent of the central government in Baghdad, noting that the smugglers are benefiting from the smuggling of refined products, while having the central government to spend money to import fuel of the inability of local production to meet all the needs of Iraq.

Shahristani said that "the Ministry of Oil does not allow the export of any oil products out of the border even if the oil black, which is now sold at a price of crude oil," noting that "The central government has to import fuel to meet shortfalls in some of the oil derivatives and insurance requirements of the Ministry of electricity from fuel to run power stations across the country."

The government denied the Territory atheist ten month, there were operations to smuggle crude oil through the border crossing points, confirming that the export is solely through a pipe Iraqi hyphen to Ceyhan in Turkey since 2009, with said that what comes across the border by truck is the remnants of the liquidation of crude oil in refineries Territory and Iraq, adding that the publication of news about the involvement of the region behind the smuggling of oil and "political purposes", meant to disguise the smuggling of large Iraqi crude oil through southern Iraq to Iran ..

He said al-Shahristani, that "claims that he had obtained the approvals of the Ministry of Oil is not telling the truth," pointing out that "The Oil Ministry has called the Kurdistan region to send a delegation to Baghdad and bring all the documents and official documents and approvals, which claimed the Minister of Natural Resources in the Region Ashti Hawrami that obtained for the export of these Materials to be discussed and accountability in its light. "

The Iraqi Minister of Oil that "The Ministry has no knowledge of issues, including the Kurdistan region from the fields or the quantities exported," he says.

He was minister of natural resources in the Kurdistan Regional Government Ashti Hawrami said in a press statement in for 11 of the current month, that what is being exported petroleum products is a surplus of the need for the Kurdistan region and is exported through specialized companies after fulfillment of customs duties and obtain the required approval in this regard from the central government.

Referred to as the "New York Times" published a report on the eighth of July the current which it pointed to a concern with the administration of the existence of the smuggling of Iraqi crude oil and oil derivatives, cross-border outlets in the Kurdistan region, while working as Washington to impose sanctions on Tehran.

The disputes over oil contracts, oil and gas law the National is a leading file contentious relationship between Erbil and Baghdad, although the Kurdistan region began in the first of June of last year the export of oil from fields in a formal, but soon stopped exporting due to differences on the benefits companies working in the extraction of oil, did not continue to export only about 90 days, which has been suspended since September last year until now.

http://translate.googleusercontent.c...rerziY3ATx-_UQ

Iraq’s Kirkuk seeks U.S. investment

U.S. firms are welcome to invest in the oil-rich Province of Kirkuk, an official statement said.

The statement, issued following a visit by some U.S. business representatives, said there were good investment opportunities in the province particularly in oil development, electricity and refining of crude oil.

The province, of which the city of Kirkuk, one of Iraq’s largest oil centers is the capital, is still restive due to rivalries over its oil fields between various Iraqi ethnic groups.

Kurdish claims over the province are being disputed by Arabs and Turkmen, an Iraqi ethnic Turkish group who make up a sizeable portion of Kirkuk’s population.

The statement said the U.S. representatives held meetings with provincial officials and visited several sites in the province.

The U.S. business leaders outlined the areas they are interested in, the statement said.
It said the provincial officials told U.S. investors that some projects were urgent in order to upgrade public utilities, housing and the service sector.

“We are planning to construct a large refinery and a large airport as well as power plants,” the statement said.

http://www.azzaman.com/english/index...07-18\kurd.htm

Oil confirms that the entry of equipment and workers in international companies from the most important impediments to development of oil fields

The Ministry of Oil in Baghdad, Sunday, to the entry of equipment and workers in international companies, which won the development of oil fields in the two rounds of licensing the first and second, is one of the most significant obstacles facing the development of these fields, stating that it had agreed with the Ministry of Interior to facilitate the entry of companies as soon as possible, as confirmed they are currently working in coordination with the Ministry of Environment to remove mines laid around the oil fields.

The oil minister, Hussain al-Shahristani said in an interview for "Alsumaria News", on the sidelines of a symposium held by the Ministry of Oil, on Sunday, with international companies to develop oil fields in Iraq, that "the objective of the symposium is to discuss the obstacles to international firms, which won service development oil fields in the two rounds of licensing the first, second and the possibility of overcoming them".

Shahristani said that "the most important constraints faced by these companies is difficult to obtain a visa (visa) make it easier for workers to have access to Iraq, in addition to not move its own equipment through the ports of Iraq," adding that "The Ministry agreed with the Ministry of the Interior to allow employees in the attributes of these companies entering as quickly as possible and to find land ports next to the ports for the introduction of equipment for the oil companies."

He said al-Shahristani said "Iraq took place during the two rounds of licensing the first and the second about 12 contracts with international companies to develop 12 oil fields in a number of provinces," he said, pointing out that "the development of these fields would increase the production capacity of Iraq from 2.0005 million thousand barrels to 12 million barrels per day during the next six years."

The Minister of Oil that "Rumaila in the province of Basra, which has won two contracts developed by British Petroleum British and the Chinese National Petroleum, if the development will add approximately 150 thousand barrels in domestic production during the current year 2010", he says.

The Ministry of Petroleum and occurred during the licensing round the first end of last year, 2009, a contract with the companies BP, the British and the Chinese National Oil Development Rumaila oil southern Iraq to an increase in the production field, the amount of 1.0008 million barrels, in addition to its current output of a million and fifty thousand barrels per day, up To 2.00085 million barrels a day during the next six years and at two dollars for every barrel of product.

For his part, said ministry spokesman Assem Jihad, the oil that "The Ministry will work in coordination with the relevant authorities to provide a suitable environment for international companies to accelerate the development of oil fields, which won contracts under development."

The jihad in an interview with "Alsumaria News," "The Oil Ministry needs to help all ministries and local governments in the provinces where there are oil fields to develop those fields that Iraq's infrastructure is still below the required level," noting that "Work is currently In coordination with the Ministry of Environment to remove mines laid around the oil fields because of previous wars."

The head of the Iraqi Organization for Mine Clearance Muzahim Jihad Matar said in an interview earlier for "Alsumaria News", that "there are 36 types of mines planted in Iraq from the origins of Italy, China and U.S, Iranian, Israeli, Russia and South Africa, "stressing that" all Iraqi provinces complaining about the huge risks of unexploded landmines and ordnance in their territory." He continued, saying that "the pollution produced by these wastes included areas of agricultural and economic sectors including oil wells."

http://translate.googleusercontent.c...1GZSLcdxPiv8IA

A member of Iraq: political blocs failed to reach the results of today's meeting and will meet next Sunday

Member of the Iraqi List, Izz al-Din State, Monday, from the end of the meeting of the political blocs without achieving results, also announced that the political blocs to hold a meeting last Sunday to reach agreement on candidates for positions of the three presidencies.

He said the State in an interview for a number of media, including the "Alsumaria News", the "Meeting of the political blocs held today did not yield any results," asserting that "the meeting saw the discussion of progress of talks between the political blocs to reach agreement on the candidates positions presidencies the three."

The parliamentary blocs agreed on Monday, a brief summary on July 12, to postpone the parliamentary session that was planned for Tuesday a brief summary July 13, for a period of two weeks, the aim of agreeing on the three presidencies as a single package, which is a violation of the deadline set by the Constitution.

He state that "the conferees agreed to hold another meeting next Sunday to resolve the issue before the end of the three presidencies of the two weeks set by the political blocs," and called on "all political blocs to continue dialogues out a satisfactory solution."

The leadership of the coalition of state law, Haider al-Abadi told a news conference at the headquarters of the House of Representatives on Monday, and attended "Alsumaria News", a touch of the National Alliance became prime minister, stressed in this connection that the Alliance is committed to a deadline weeks set by the political blocs to present its candidate for the post.
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http://translate.googleusercontent.c...iTmulCWXfejrnQ

Occidental and Pertamina are discussing deals with Sonangol in Iraq
An official of the Angolan national oil company Sonangol said on Sunday that the U.S. oil company Occidental Petroleum Corp., the major oil company Pertamina Indonesian government had showed interest in acquiring a stake in the projects of the company Sonangol to develop oil fields in Iraq ...

The good. Da Graca Luis CEO, Sonangol on the sidelines of a meeting in Baghdad between oil companies and the Oil Ministry "Our proposal will be that Sonangol has a 45 per cent ... in the star, Qaiyara."

"It would be the rest of the Occidental or Pertamina or whatever."

Sonangol has a current share of 75 percent in the draft oil fields, compared to 25 percent of the state oil company in Iraq.

The fields are fields in the group of companies awarded Iraq last year and could put Iraq among the major powers in the oil sector in the world compete with Saudi Arabia has a production capacity of 12 million barrels per day during the seven years.

The field is located Qayyarah - about 800 million barrels - and star - 900 million barrels - in Nineveh province in northern Iraq. And still maintain the most dangerous areas in the country despite the sharp decline in violence in general in other places.

Lewis said that the aim of attracting other international partners to the projects is the distribution of risks and investment costs.

The company snapped up the deals offer a fee of six dollars for a barrel and an average production target at 110 000 barrels per day for a field star and draw five dollars a barrel and production target at 120 thousand barrels per day to Gayyara.

The cartoons were among the highest fees paid for any oil companies that won contracts to serve the oil fields a 20-year-old raised by the government in licensing rounds, which reflects the risks and relatively low quality of the oil fields.

Sonangol announced that it would invest two billion dollars in Qayyarah.

It also said it would welcome a small building near the refinery will help in refining heavy oil in the reservoir which is being developed, but Lewis said construction of the refinery is not a requirement.

Lewis said that Sonangol will hold the first meetings with potential partners next month.

He said it was also likely to be an initial development plan for the two fields ready for next month.

http://translate.googleusercontent.c...KHpBj_FKA53Img

Ministry of Oil and conclude the adoption of the recommendations of the symposium will facilitate the task of global companies

Conclude the Oil Ministry said on Monday the first seminar of the adoption of recommendations that would facilitate the task of winning international companies to develop oil fields, including sector investment to ensure optimally and achieve the goal of Iraq aimed to reach volume production to 12 million barrels per day within the next six years.

The symposium was held on day one yesterday at the headquarters of the Ministry of Oil, the presence of Oil Minister Hussain al-Shahristani, and representatives of 35 international companies had won the sessions of the licenses that the ministry had declared last year, in addition to the ministries concerned and representatives of the provincial councils, and oil companies in Iraq.

The oil minister said in a speech at the opening of the symposium that this symposium is the first of its kind in Iraq gathered by national companies with 35 companies from major international companies contracted by the ministry to invest the largest oil fields with the service companies and those who have a responsibility to make necessary arrangements to ensure the work.

Shahristani said that the aim of all this is to raise the current production ceiling that does not exceed two million barrels per day to production capacity increase rates to 12 million barrels per day during the contract period six-year to one of eleven, Iraq contracted to develop, as well as the second decade of ten a field Ahdab.

http://radionawa.com/Ar/NewsDetailN....667&LinkID=155

Oil Minister invites foreign companies to initiate the development of Iraqi oil fields

Oil Minister Hussain al-Shahristani foreign oil companies signed contracts with the Iraqi government to initiate the development of oil fields of 11 and demonstrate their capacity to implement projects in time frames set by those contracts.

Shahristani said during a meeting with officials from various ministries and representatives of foreign oil companies held in Baghdad on Sunday, the success of these projects does not depend on achieving production rates stipulated in the contracts, but also lies in achieving those rates the lowest possible cost.

The news agency Associated Press as saying that al-Shahristani, the Iraqi government will do its utmost to overcome the obstacles impeding the work of these companies, he said, adding that the development of Iraq's oil fields is a top priority for the country.

Shahristani said the ministry did not give anyone the right to export crude oil, pointing out that the Kurdistan Regional Government is not entitled to do so.

He attributed the reasons Alchehrtani fuel shortage in the street during the past few days to a problem in the transfer of such materials to the fuel stations as a result of security conditions.

http://radionawa.com/Ar/NewsDetailN....648&LinkID=155

Baghdad mayor stresses the need to speed up the granting of investment licenses and the allocation of land for investors

The Secretary of Sabir al- Issawi, the need to accelerate the procedures of granting investment licenses and the allocation of land to investors, pointing out that the Municipality of Baghdad is negotiating with companies to build Turkey compounds within the project build one million housing units.

And the transfer of the Information Office of the Secretariat of Baghdad, the Secretary of Baghdad, as saying that the symposium, hosted by the Council of national reconstruction of Iraq addressed to discuss ways the real and the process by which speed up the procedures for granting investment licenses and land allocation and events for investors, adding that such so activities and seminars are important issues to discuss many of the obstacles Which impede the investment process and to find appropriate solutions, as well as discussion of ideas and proposals that can speed up the process of construction and investment and private sector involvement in building the capital Baghdad.

http://radionawa.com/Ar/NewsDetailN....640&LinkID=155

Maliki's coalition reveals near breakthrough of forming a government

The coalition of the rule of law led by Prime Minister outgoing Nuri al-Maliki, on Monday, close the drama in form the next government, saying that Maliki is the frontrunner for the post of prime minister.

A member of the state of law Khalid al-Asadi told Kurdistan News The "Dialogues list of coalition rule of law with the parties of the National Coalition has become more objective," expecting that "the end of forming a government in the coming days."

Asadi explained that "there are many understandings within the National Alliance and will yield understandings provide a single candidate for prime minister," pointing to "the adoption of new mechanisms is complicated to choose a candidate as prime minister."

He denied that al-Asadi "is the dialogue between the state of law and the parties in the National Coalition Building at the expense of the other political parties, "noting that "there is a fruitful dialogue, and a non- productive, this method commonly known in the dialogues between the political blocs."

He pointed out that al-Asadi "head the list of coalition rule of law, Nuri al-Maliki is more chance figures to take over as prime minister."

The press sources confirmed that negotiations were held between members of Sadr's movement and the rule of law led to an agreement on the consent of the Sadrists to take over al-Maliki as prime minister in return for carrying three conditions, the release of all detainees from the Sadrist movement, including the sentences imposed death sentences, the granting of the Sadrists as Secretariat General of the Council of Ministers, and access to four ministries and one of them a sovereign Mastan Khaddmytan and the Ministry of State.

The news prompted an agreement between the Sadrists and the rule of law criticism block the National Coalition and the Iraqi List, which guarantees that Roita illegally in exchange for personal gain is unacceptable, will not be allowed by passing.

http://www.aknews.com/ar/aknews/4/165157/