Riyadh to Baghdad: Gulf investment and operation of the oil pipeline in exchange for the relationship with Iran

[yota691]

Saudi energy minister in Baghdad today

5/22/2017 0:00    BAGHDAD / Tariq al-Araji "Al-Sabah" informed sources that the Minister of Energy and Industry and Mineral Resources of Saudi Khaled Al-Faleh will visit Baghdad today  Monday.  According to sources, the minister will meet with Dr. Haider Abadi , the Prime Minister, as will hold a news conference with Oil Minister Ali Jabbar Allaibi.  The sources said the talks between the two ministers would focus on oil cooperation and the extension of reduced OPEC production, as well as other files.

[yota691]

Oil Minister meets his Saudi counterpart in Baghdad airport

economy

 Since 05/22/2017 15:43 am (Baghdad time)

BAGHDAD - The balance of News

Oil Minister Jabbar Laibi received on Monday, his Saudi counterpart Khaled Al-Faleh, to discuss the extension of production cuts led by OPEC.

A source, L / balance News /, said that "Oil Minister Jabbar Laibi, met with Saudi Oil Minister Khaled Al-Faleh, to discuss the extension of the reduction of oil production led by OPEC."

This official said ministry spokesman Assem Jihad earlier, said that "The Saudi Energy Minister Khaled al-Faleh will visit Iraq Monday to discuss the extension of production cuts led by OPEC with his Iraqi counterpart."

It is noteworthy that the visit of the Saudi energy minister, comes a few days of the meeting of the Member States of the Organization of Petroleum Exporting Countries "OPEC" in the Austrian capital Vienna before next Thursday, to approve the extension of the reduction of crude oil production an additional period, or not.

The visit comes after the Saudi minister less than two weeks on a visit to Baghdad, conducted by Algerian Energy Minister Noureddine Bouterfa, during which he held talks with his Iraqi counterpart on joint coordination between the producers phase Kadmh.anthy 29/6 n

[yota691]

Saudi Oil Minister of Baghdad: Iraq's corner foundation for the stability of the Arab world

 

Monday, 22 May 2017 18:50

 

 

 

 

Alsumaria News / Baghdad  confirmed Saudi Oil Minister Khaled Al- Faleh, Monday, that Iraq is a corner for the stability of the Arab world based on the state, as he pointed out that his country aspires to be an element to assist in the promotion.  Faleh said during a joint news conference in Baghdad with his Iraqi counterpart Jabbar Ali Allaibi and attended by Alsumaria News, said that " the region experienced fluctuations and problems of security and political wish to overcome them , " he said, adding that "Iraq is a corner foundation for the stability of the Arab world, and we have seen when Atoek Iraq sicken the rest of the nation Arabic".   He said al - Faleh, "We aspire to be an element to help Iraq to promote and at the same time to be a bridge for Iraq and the rest of the brothers , " pointing out that "there are important areas can be accessed in cooperation and partnership with Iraq and in several sectors."  Al - Faleh had arrived earlier, on Monday, to the capital Baghdad on an official visit.

[blueskyline]

https://www.google.com/amp/www.cnbc.com/amp/2017/05/22/reuters-america-iraqi-minister-agrees-with-saudi-call-to-extend-opec-cuts-for-9-months.html......

Iraqi minister agrees with Saudi call to extend OPEC cuts for 9 months

7 Mins AgoReuters

BAGHDAD, May 22 (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months.

Saudi Energy Minister Khalid al-Falih, speaking at the same news conference in Baghdad, said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Existing output curbs by OPEC and non-OPEC producers were due to last for the first six months of 2017. A meeting this week of the Organization of the Petroleum Exporting Countries this week will discuss whether the cuts are extended.

[nannab]

Isn't this one of the things we are waiting for,the approval of Iraq's extension on the reduction of oil

output. So maybe next Thusday?

[nannab]

ooops thank you blueskyline.

3 minutes ago, blueskyline said:

https://www.google.com/amp/www.cnbc.com/amp/2017/05/22/reuters-america-iraqi-minister-agrees-with-saudi-call-to-extend-opec-cuts-for-9-months.html......

Iraqi minister agrees with Saudi call to extend OPEC cuts for 9 months

7 Mins AgoReuters

BAGHDAD, May 22 (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months.

Saudi Energy Minister Khalid al-Falih, speaking at the same news conference in Baghdad, said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Existing output curbs by OPEC and non-OPEC producers were due to last for the first six months of 2017. A meeting this week of the Organization of the Petroleum Exporting Countries this week will discuss whether the cuts are extended.

 

[blueskyline]

Y/w Nannab , onward 

[yota691]

Iraq and Saudi Arabia agree on the need to extend a cut in oil production for nine months

 

 

Economy News _ Baghdad:         The largest oil producers in the Organization agreed (OPEC), Iraq and Saudi Arabia, on Monday, the need to extend the reduction of global oil production for an additional nine months. The news agencies quoted the Saudi Energy Minister Khaled al-Faleh, after a meeting with Oil Minister Jabbar Allaibi in Baghdad, saying that he "did not expect any opposition within the Organization of the Petroleum Exporting Countries (OPEC) to extend the cut for another nine months." The Saudi minister said at a joint news conference with his counterpart Jabbar Allaibi Iraq gave "green light" to a proposal to extend for nine months, it will be presented to a meeting in the Austrian capital. He added that "a new agreement would be similar to the previous agreement with minor changes and that any decision will not be finalized until OPEC meets." For his part, Allaibi said that he "agreed with Saudi Arabia on the need to extend the duration of nine months." It arrived in the Saudi energy minister today, to visit Iraq within the latest efforts of the largest oil producer in OPEC to convince Iraq, another senior member of the organization, to extend the nine-month production cut further to ease the supply glut of crude in world markets. It is said that, members of the OPEC nations meet in Vienna next Thursday, to discuss the extension of the original agreement, which was reached last December, which the organization agreed and 11 countries abroad, including Russia, which reduced production by about 1.8 million barrels per day in the first half of 2017. The Prime Minister Haider al-Abadi, said 16 of this May, that "the stability of oil prices is important for the country," adding that "Iraq with OPEC cut production to raise prices and increase our resources," pointing out that "Iraq is committed to reducing its production 210 thousand barrels under OPEC's agreement. "
Views 80   Date Added 05/23/2017 11:15 -   Last Updated 05/23/2017 12:30 -   No. Content 7599

[yota691]

Saudi minister of Ebadi: We want to obtain Iraqi products

History of edits:: 2017/5/22 20:55 • 767 times readable

{Baghdad: Euphrates News} expressed Saudi Arabia's energy minister on Monday expressed his country's desire to get Iraqi products, during a meeting with Prime Minister Haider al-Abadi.

A statement by the Prime Minister 's Office, received by the agency {Euphrates News}, a copy of the Abadi "received in his office on Monday, Minister of Energy and Industry Saudi Khaled bin Abdul Aziz Al - Faleh and Mineral Resources and his accompanying delegation, was discussed during the meeting to strengthen bilateral cooperation between the two countries in the fields of oil and industry, petrochemicals, electricity, minerals, trade and banks, as was discussed cooperation to support oil prices in OPEC. " 
The statement, from Abadi , his emphasis on " the importance of expanding bilateral cooperation at a steady pace for the benefit of the two countries , " he said, adding that " the cooperation between the countries of the region would lead to a comprehensive renaissance that will benefit everyone." 
For his part , the Saudi minister transferred, " the greetings of the King of Saudi Arabia and officials in the kingdom and their blessing to the achievements of Iraq 's victories , " noting " the importance of Iraq 's role in the region 's tireless efforts and the steps that he takes in all areas." 
He expressed "readiness of Saudi companies for cooperation and investment in Iraq, and the desire of the Saudi market to get Iraqi products." 
The Prime Minister Haider al - Abadi, said 16 of this May, that " the stability of oil prices is important for the country," adding that "Iraq with OPEC cut production to raise prices and increase our resources , " pointing out that "Iraq is committed to reducing its production 210 thousand barrels under OPEC 's agreement ".anthy

[yota691]

05/23/2017 (21:01 pm)   -   Number of readings: 144   -   Issue (3931)

 

 

Riyadh to Baghdad: Gulf investment and operation of the oil pipeline in exchange for the relationship with Iran

 Baghdad / Mohammad Sabah 
 

In the second visit by a senior Saudi official to Iraq since last February, carrying Energy Minister Khaled Faleh , a new deal, and discussed the details with the Prime Minister Haider al - Abadi. 
Under the deal to restart the Iraqi oil pipeline, which was seized by the Saudi authorities, three decades, GCC investments before, in exchange for the Iraqi government solved the popular crowd, and define its relationship with Iran. 
The visit comes two days after the Riyadh summit hosted by Saudi Arabia after, and was attended by US President, and focused its agenda on the face of Iran 's influence in the region.

The Saudi Foreign Minister Adel al - Jubeir visited Baghdad, on 25 February, bringing with him a deal in exchange for normalization of relations with Baghdad. 
 Sources close to the Prime Minister's (range), then, that al - Jubeir presented to the Abadi , a list of demands from the Saudi monarch carry. These demands were focused on taking into account the balance in state institutions, and the granting of full rights to the Sunni component. It also includes the demands of the "Saudi Marshall" for the reconstruction of the Sunni provinces exclusively, in addition to the belt west of the capital. But Saudi Arabia 's supply collided with an Iraqi reservation. 
Furthermore, culminating in secret negotiations conducted by Iraqi and Qatari delegations visiting Qatari Foreign Minister Hamad bin Abdul Rahman Al Thani to Baghdad. During which the agreement on the re - opening of the Qatari Embassy. 
And I saw the Iraqi - Saudi relations, a breakthrough after the inauguration of Abadi , head of government in conjunction with formation of the international coalition led by the United States to fight Daesh. Washington exercised pressure on Riyadh to open up to Baghdad. These efforts culminated in Iraq 's invitation to participate in a conference held in Jeddah in 2014, for the war on terrorism to coordinate the efforts. 
The deputy close to Prime Minister, (range) yesterday, said that "Saudi Oil Minister Khaled Al - Faleh 's visit to Baghdad and his meeting Balebadi did not come suddenly , but came after intensive contacts with the Iraqi government, particularly the Prime Minister 's Office with the Saudi side." 
And confirms a senior deputy in the rule of law, preferring anonymity, said that "there are secret visits to Iraqi delegations discussed the return of bilateral relations and strengthened through the expansion of diplomatic representation in both countries and oil cooperation and economic and trade." 
 Visit unannounced, arrived Qatari Foreign Minister Hamad bin Abdul Rahman Al Thani, Minister of Petroleum and Saudi Khaled Al - Faleh, to the capital Baghdad on Monday. Received Prime Minister Haider al - Abadi both Al - Thani and al - Faleh in separate meetings, and discussed with them the strengthening of bilateral relations and the situation in the region. 
He said the source familiar with the Iraqi Gulf relations file that " the Saudi minister focused on re - oil pipeline that connects Iraqi oil facilities in southern Saudi port of Yanbu on the Red Sea operation," pointing out that " the Saudi authorities had refused to restart the pipeline , which stopped working after second Gulf war. " 
Saudi Arabia closed the pipeline in 1990 after the Iraqi invasion of Kuwait. And transmits the pipeline, which was established in the eighties of the last century, Iraqi crude to Saudi Arabia 's Yanbu port on the Red Sea, to diversify export outlets. 
Saudi Arabia announced that , at the time, lay hands on the Iraqi pipeline, and has repeatedly stressed Iraq retaining the right to recover the tube. 
The attention of the source , who heads a parliamentary committee that "Saudi Arabia requires the Iraqi government to run the oil - for - line that you specify the relationship with Iran and resolving the militias," but stressed that "these conditions seem difficult for the Iraqi government." 
He informed political source said that "al - Faleh 's visit falls within the Saudi approach to the formation of a strong alliance and strategic to counter Iran 's influence in Iraq and the region." 
The continued political source said that "Iraq 's commitment to the conditions offset by the Saudi companies Gulf investors to enter the local market." He stressed that " the talks with Qatar and Saudi Arabia take place in total secrecy by government delegations negotiating," adding that " the prime minister has a monopoly on this file away from its partners." 
The political source confirms " the difficulty of achieving the conditions of limiting the Saudi relationship with Iran , especially with the presence of blocks and political parties have close ties with Iran." He said that "the relationship with Iran needs a long time and can not be achieved during the current circumstances." 
Speaking MP who is close to Abadi , that "Arab - American Islamic Summit held recently in Riyadh will change a lot of political equations in Iraq and the region , " he said, adding "there are security agreements signed between Saudi Arabia and Iraq in the near time." 
He visited a government delegation headed by Undersecretary of Ministry of Foreign Affairs Nizar goodness of God, last March, Saudi Arabia and discussed with Saudi officials , relations between the two countries file. 
On the visit of the Qatari foreign minister to Baghdad and delivered Abadi , an invitation to visit Doha, the leader of the state law that explains " the Qatari delegation discussed two issues, the fate of the ransom hostages seized by the Iraqi government, and the opening of the Qatari embassy in Baghdad," he said . " The visit was arranged during the months the last four. " 
The attention of the President of the Parliamentary Committee to "negotiations between Iraqi and Qatari delegations paved the way for this visit , " revealing " an agreement between Abadi , Minister of Foreign Affairs of Qatar to open the Qatari Embassy in Baghdad with an invitation to visit Doha." 
For her part , confirms MP Nahla Alhbabi, a member of the State of Law bloc, said that " the Qatari and Saudi sides seek during the current period to restore diplomatic relations with Iraq , " noting that "the existence of strong intentions to open the Qatari embassy in Iraq soon." 
She said Alhbabi, in a statement (term), "after defeating Daesh Gulf states are trying to activate its relations with Iraq , which stopped because of the negative with the positions of the political process , " asserting that " the interest of these countries require to return again to Iraq and strengthen relations 
with him." 
On the other hand confirms MP Jamal panthers, a member of the Parliamentary Committee on Oil and Energy, "the presence of Saudi Iraqi talks earlier about the possibility of re - oil pipeline operation and bring it back to the service," stressing the need to strengthen Iraq 's relations with oil -producing countries. 
He added PANTHER (range), "the Iraqi government to activate these talks because they serve the political process and Iraq", adding that "dialogues will be reflected positively on the oil sector."

[tigergorzow]

Saudi Arabia to boost oil projects in Iraq if ties with Iran restricted: Source

May 24 2017 02:18 PM

Saudi Energy Minister Khalid al-Faleh

 

 

 

 

 

 

Saudi Energy Minister Khalid al-Faleh has focused on restarting production on the oil pipeline connecting Iraqi oil facilities, located south of the country, with the Saudi terminal of Yanbu' during a meeting with Iraqi Prime Minister Haider al-Abadi, a source said on Wednesday. 

 

The source, who asked to remain anonymous, stated that Saudi Arabia requires the Iraqi government to restrict its relation with Iran and dissolve the its militias to restart production on the oil pipeline. 
 

However, the source confirmed that it is difficult for the Iraqi government to meet these requirements. 
 

Iraq's commitment to meeting Saudi Arabia's requirements should be in return for investments of Gulf companies in the local market, the source pointed out.  
 

The source also noted that al-Faleh's visit to Baghdad and meeting with al-Abadi is not sudden, adding that it came after intensive contacts between the Iraqi government and the Saudi side.
 

Iraqi delegations' secret visits to Riyadh have discussed bolstering relations through expanding diplomatic missions as well as economic and trade cooperation between the two countries, the source revealed. 
 

Saudi Arabia shut the oil pipeline in 1990 after Iraqi invasion of Kuwait.

 

http://www.thebaghdadpost.com/en/story/11025/Saudi-Arabia-to-boost-oil-projects-in-Iraq-if-ties-with-Iran-restricted-Source