Posts Tagged ‘Oil field’

Sunday, 22 November / 1 December 2013 09:41

Visiting Iraqi Oil Minister Abdul-Karim and coffee Kuwait soon to discuss the file management of common fields between the two countries.

Detection and Foreign Ministry Undersecretary Khaled Al-Jarallah Kuwait in a press statement about “a planned visit by a coffee to Kuwait to discuss the mechanism for the implementation of the common fields between the two countries that took place recently.” (more…)

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10/30/2013 12:00 AM

predicted a specialist oil that there is a change in the course of marketing policy of Iraq’s oil and toward the Asian market, which is a good indication of the acquisition Iraq it, founding it on the country’s progress because increases export capacity of crude oil in order to acquire the Asian market.

comes at a time encouraged where that Iraq has excess capacity of crude oil in the coming years, as it determines the role of Iraq’s future as a key regional oil market. marketing policy and former oil minister, Dr. Ibrahim Bahr al-Ulum said in a statement to the (morning): “The marketing policy of oil within The current plan successful and need to find buyers in the Asian market, especially China and India, as it would guarantee supplies to accommodate hops production expected production from oil fields new task fields crazy and Badra and others will enter the product line in the near future. ” (more…)

Friday, 18 October 2013 08:30
Baghdad (AIN) –The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, assured that “Iraq is working to increase its oil production and will be the main provider of crude oil in the world.”

A statement by Shahristani’s office cited “The Deputy PM for Energy Affairs participated in the 22nd International Energy Conference which was held in Daigo city in South Korea.” (more…)

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Wednesday, October 16 1 / Okrudolf 2013

Deputy Prime Minister for Energy Hussain al-Shahristani said the Iraqi government is currently working on promoting free-market policy through the creation of new economic legislation suited to the global economic openness and that would encourage foreign investment, both direct and indirect. (more…)

10/09/2013 12:00 AM

BAGHDAD – morning
adviser said the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini that define the role of any other country Geo strategically based on available resources and comparative advantages of the country as well as its location within the circle of regional surrounding it. (more…)

confirmed the Commission on oil and energy parliamentary, it’s the process of an amendment the second law on private investment in the field of oil to encourage domestic and foreign companies to invest in the oil sector.

Said decision of the Commission on oil MP / Kurdistan Alliance / Qassim Mohammed Qassem: that his committee had conducted an amendment to a preliminary law on private investment in the oil field, and now the process of an amendment the second out format agreed by the parliamentary blocs to be passed to the presidency of the Council for the purpose of voting. (more…)

19/06/2013 12:00 AM

Iraq seeks to solve the dilemmas facing file joint oil fields with neighboring countries. urged the Oil and Energy Committee in the House of Representatives on the need to speed up in finding logical solutions on this file, especially with Iran and Kuwait.

lies shapes in the desire of Iraq’s efforts that there would be exaggerated compensation for crude oil extracted from these fields, by those countries, and retroactively, while those countries still refuses to do so. Committee member Rep. (more…)

Inside of the Baghdad Convention Center, where...

05/16/2013 12:09
The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy. (more…)

Date: 2013-02-22 08: 00: 08 Friday

Baghdad (newsletter). I returned the Financial Committee member MP/Kurdistan blocs Coalition/najeeba Najib, oil and gas law of economic laws which are still disabled inside the House, calling for efforts to legislation after adoption of the general budget.

Najib said (News Agency): the intensification of the work of Parliament and the Federal Government to reach agreement on a draft pass the oil and gas law formula gives powers to the local authorities in the provinces and the territory on how to manage oil fields. (more…)

Iraq and Kuwait agree on not Leaning drilling in 13 joint oil wells
Economic dinars Agency – 12/08/2012 – 6:03 pm

BAGHDAD / JD / .. Iraq signed with Kuwait bilateral agreements to overcome the outstanding problems regarding the joint oil fields, both parties not to abuse exploitation of oil and drained through technical deprive a country at the expense of another. (more…)

Posted 07/07/2012 08:36 AM

Babinaoz (Reuters) – beyond what is produced from associated gas from oil fields in southern Iraq billion cubic meters of which a third is investing a record amount. The loss of the country by the combustion of the gas of five million dollars a day.

He said the commercial director of Royal Dutch Shell Ali al-Janabi, what results from the three southern oil fields, including Rumaila and West Abu Zubair and the first phase, of about one billion and 100 million standard cubic meters. Aban al-Janabi and that it invests only 400 million standard cubic meters while burning 700 million meters without making use of it. (more…)

Date: Monday 07/02/2012 12:46

Baghdad / WAP / said a member of the Commission on oil and energy parliamentary MP Ali Fayad, for that the committee has prepared a number of laws concerning oil investment in the next phase. (more…)

05-06-2012 11:00 AM
The Oil Ministry announced on Tuesday that Iraq’s oil production will reach sixty billion barrels in 20 years, while confirming that the expedition patches that were presented in the fourth round of licenses contain fifteen trillion cubic meters of natural gas.

The Minister of Oil Abdul Karim Laibi told ‘Sumerian News’, the ‘domestic production of oil during the next twenty years will reach sixty million barrels revenues estimated at five trillion dollars at the rate of $ 85 per barrel.’ (more…)

06/04/2012

BAGHDAD / JD / .. revealed to the Commission on oil and energy that the expectations of the parliamentary foreign invested companies to participate in the fourth round of licenses that Iraq will be the first country in the Middle East oil exports in the coming years. (more…)

On: Friday 5/4/2012 5:22

The Ministry of Oil to put the finishing touches to invest in the common fields with Iran and Kuwait, noting that the solution to the problems of the common fields will be in accordance with the established global contexts. Said the spokesman of the Ministry of Oil, Assem Jihad, “Alsumaria News”

The Ministry of oil and put the finishing touches from the investment of the common fields with Iran and Kuwait and in a form that serves both countries, “adding that” the technical committees shared between Iraq and Iran, Iraq, Kuwait is working to resolve outstanding issues with respect to these fields. ” (more…)

On: Wednesday 02/22/2012 11:09

Baghdad (news) .. Warned a member of the Committee on Energy and Oil MP / mass change / Bayazid Hassan Kuwait over the rights of Iraq’s oil through the use of horizontal drilling on its oil fields near the Iraqi border.

said Hassan (of the Agency news) said on Wednesday: The use of the Kuwait modern technology known as drilling horizontal to extract oil from fields near the Iraqi territory Saatheraly oil reserves in the fields of Basra and the offense must be viewed through diplomatic channels and dialogue between the two sides to resolve it. (more…)

SUNDAY, 29 JANUARY 2012

Said the International Energy Agency in its report that oil production in Iraq rose by 12% in 2011, while warning that the political instability inside Iraq in the development of operational and logistical constraints on the oil sector.

A report by the International Energy Agency obtained by “Twilight News”, that “Iraq’s oil production rose by 12% in 2011 compared to the previous year but this increase was not reflected in exports due to poor infrastructure.” (more…)

On: Tue 03/01/2012 7:47

Expected economic researcher Hussein star to become Iraq’s biggest player in the world oil market, particularly in the dialectic of prices during the next ten years. The star, according to the Agency (news): Iraq has undistributed oil strategically significant, and is expected to witness the discovery of new oil fields

And distinctive and high quality in all governorates of the country, noting that the IMF report on the oil and gas in Iraq, was based on old data and Mmsouhat.

He called the star to a new survey and accurate addition to studies prepared by the Iraqi experts as well as studies of international companies in order to enable Iraq to explore the fields and oil wells, a new, more of the figures mentioned by the report of the Fund, the World Bank’s oil and gas in Iraq. (more…)

Date: Mon 02/01/2012 8:48

Baghdad (news) .. Likely economic researcher Hussein star that Iraq will be a driving force in the management of oil policy, and influential first in oil prices in international markets within the next ten years.

He said the star in a statement to the Agency (news) on Monday: that Iraq has oil reserves, strategic, It is expected to witness the discovery of new oil fields and distinct and high quality in all governorates of the country, adding that the IMF report on the oil and gas in Iraq, was based on Mmsouhat and old data. (more…)

among the oil expert suggested increasing the share of Iraq’s export of oil by OPEC, as confirmed among the parliamentary adoption of the price of $ 85 a barrel in the state budget for next year 2012.

And oil expert predicted Halim Kazem increase the share of Iraq’s export of oil during the year (2014) by the “OPEC” as a result of decline in many countries Bantegadtha oil. Kazim said, according to the Agency (news): Many oil-exporting countries in the world would fall produced oil during the year (2014), which will push the “OPEC” to increase the versions of some oil-producing countries and with an increase of local production such as Iraq and Saudi Arabia. (more…)

Revealed a senior political source from the failure of Hashemite Kingdom of Jordan to pay the price of Iraqi oil imported by Oman at preferential prices, pointing out that the latter argue not to resolve a debt on Baghdad.

The source, who is close to the circles of senior government, that “Iraq has resumed two years ago to provide suffered by 10 thousand barrels of crude oil at preferential rates of not more than $ 30 while the world oil prices exceeded the barrier of $ 100 per barrel. ”

(more…)

Economic Commission: Iraq will be linked to global oil markets is directly related to the fact that oil production is increasing than in the previous

A member of the Economic Commission Resan MP Abdul-Hussein Iraq’s ability to produce more than (10) million barrels of oil per day and will have an active role of world oil prices.

The Resan in a statement that Iraq could be up to the production of (10) million barrels of oil per day during the coming years and this number is normal for him, he owns oil fields, large and tours licenses with large international companies, solid addition to the projects are to improve the Iraqi oil. (more…)

BAGHDAD (Alakharia) .. Expected oil expert Halim Kazem increase Iraq’s share of export of oil during the year (2014) by the “OPEC” as a result of decline in many countries Bantegadtha oil.

Kazim said in a statement to the Agency (news) on Saturday: a lot of oil exporting countries in the world would fall having produced oil during the year (2014), which will push the “OPEC” to increase the publication of some oil-producing countries and with an increase of local production such as Iraq and Saudi Arabia. (more…)

Beirut, November 25 (Rn) – considered the “no T-F” British specialized in the development of transparency in the oil projects that oil licensing rounds Iraqi riddled with administrative problems and significant legal supposed to be addressed before the adoption of the law of oil and gas. and Iraq had signed contracts with companies a global giant in the field of energy through three rounds of licenses to develop 11 oil fields.

Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day by 2017, but experts have questioned the arrival of the production to that goal, and said that seven million barrels per day is a reasonable figure. The director of the organization Keith Mary, told the Kurdish news agency (Rn) that “there is a need to review the terms of licensing rounds and coordinated with the draft law of oil and gas for the year 2007, including the problem of tax liabilities for capital gains resulting from the transfer of licenses, which not mentioned in the law tax adopted in Iraq. ” (more…)

Called economic expert reconcile the need to provide Secretariat, the legislative environment that meets the goals of the investment process, the ambition of the citizen and the investment companies wishing to work in Iraq.

Al-Mani said on Friday: that the reality of work in the country requires copies of legislation, which began during the period before, and which can not be adopted during the period of economic transition, the current adopted country, and work on the invitation of overseas investments to come and work in various economic sectors, pointing to the need to speed up in the formation of a higher council for business, managed by experts from various sectors of the economy, working to contain all the economic problems, and this is an important step on the road back to life the various economic sectors and attract global capital. (more…)

Baghdad, November 25 (Rn) – The Commission on oil and energy in the Iraqi Council of Representatives on Friday it made a formal request asking the Ministry to disclose daily oil production of Iraq oil exports and to promote transparency and confidence in the policy of the country’s oil.

The Iraq’s oil production is currently about 2.8 million barrels a day, the first time I had reached this level in 20 years thanks to increased investment and the decline of violence, and the issue of which about two million barrels.

A member of the Furat al-Shara told the Kurdish news agency (Rn) that “the Commission skipping and energy to see the announcement a day of Iraq’s oil production and exports are important for strengthening Balssayash Transparency International, Iraq’s oil.” (more…)

Beirut, November 24 (Rn) – Organization said “any T-F” British specialized in the development of transparency in oil projects in Iraq is a lack of transparency in its dealings in the oil fields.

Iraq had signed contracts with international companies in the energy giant to develop 11 oil fields.

Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day by 2017, but experts have questioned the access to the production of that goal, and they said that seven million barrels a day was a reasonable figure.

Iraq was not initiated after the law regulates the oil and gas due to differences on the management of oil wealth, even though imports of oil account for 95 per cent of the country’s financial budget. (more…)

Newspaper reports revealed that the local economic region of Kurdistan in its territory includes forty percent of oil reserves in Iraq.

They noted reports that the region intensifies its efforts to raise the ceiling on oil production to two hundred and fifty thousand barrels per day by the end of this year.

Press reports indicated the economic to the Minister of Natural Resources in the province Iachta Hawrami announced at a conference of oil and gas contract in the region in the thirteenth of this month, attended by the largest foreign oil companies operating in the province, the government struck a deal with the world’s largest oil company is Exxon Mobil and the U.S. that will work under which exploration and extraction in six oil fields in the region.

http://bit.ly/sGY540

On: Sat 12/11/2011 12:50

Baghdad (news) .. The Centre for research and development of oil one of the formations and the oil ministry studies field research to assess the environmental impact of parts of Iraq’s oil for the purpose of facilitating the work of the investment companies of the oil.

The Senior Engineer in the Department of Planning and Follow-up of the Centre for research and development of oil Issam Ali valuable statement to the Agency (news) on Saturday: There are studies of field research and developed by the Center for research and development of oil to the areas where there are oil through environmental impact assessment, social and health for the region to facilitate the functions of the companies wishing to invest in the oil sector. (more…)

13/10/2011 10:31

Baghdad, October 13 / October (Rn) – The Iraqi Oil Ministry said Thursday it plans to increase its exports of crude oil during the next year to more than 2.5 million barrels per day, indicating that production is expected to reach 3.3 million barrels per day.

The current production of crude oil from Iraq, about 2.7 to 2.8 million barrels per day of crude oil and the export of more than two million barrels a day, and relies on imports to cover the financial budget by up to 95 per cent.

(more…)