US report: Iraqi approach to extend an oil pipeline towards Syria

[yota691]

Exxon Mobil is committed to developing an oilfield in Basra

By

 rami

 -

February 28, 2018

5

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The US company ExxonMobil on Tuesday, the schedule of development of the oil field in West Qurna / 1 in the province of Basra.
A statement by the Ministry of Oil, “Oil Minister Jabbar Ali Allaibi received the president of Exxon Mobil in Iraq Tahir Hamid, and during the meeting discussed ways to improve the reality of oil and gas industry in Iraq.”
The Minister of Allaibi “on the need to develop production in West Qurna / 1 and give priority in the operation of manpower in this project and other projects.”
For his part, the president of ExxonMobil in Iraq, “the readiness of his company to develop the oil industry in Iraq and to adhere to the dates and plans prepared in advance to develop the West Qurna / 1”.

[yota691]

Increase oil flows through the Kurdistan pipeline to 360 thousand b / d

 

energy Economy News _ Baghdad A source close to Reuters told Reuters on Wednesday that crude oil flows through the main pipeline from Iraqi Kurdistan to Turkey have increased to about 360 thousand barrels per day of 310 thousand barrels per day on average in the recent period.  It was not clear whether the increase was linked to statements by Iraqi Prime Minister Haidar al-Abadi on Tuesday that the Iraqi government had agreed with the authorities of the Kurdistan region to resume exports of Kirkuk oil through the Turkish port of Ceyhan.  Under normal conditions, the pipeline carries about 600,000 barrels per day of crude. Views 12   Date Added 28/02/2018

[yota691]

The Washington Institute 's economy puts a solution to Baghdad and Erbil and excludes Iran's success in Iraq

 

 Twilight News    
 3 hours ago

The Washington Institute has ruled out the success of Iran in investing in the field of energy in Iraq, returned legislation of the oil and gas law is the best solution to resolve differences over the export of oil, and the sharing of wealth between the federal government in Baghdad and the Kurdistan Regional Government.

"Iran has a great influence on Iraq and its policies, but the energy sector remains the arena for competition between the two countries for market share, OPEC quotas and international investment," Wahhab said in an interview. Iraq is making progress in Iraq's energy sector, but to no avail, Iraq needs capital and technical capacity. [To secure them], international alternatives are more competitive than Iranian companies, but Iraq can benefit from diversifying its export routes , Including the extension of pipelines to Iran. "

Technical assessments have been made for a pipeline allowing Iraq to import natural gas from Iran to feed power generators in Baghdad. The pipeline is 300 kilometers long and could cost up to $ 600 million, according to a study by the Bayan Center for Studies and Planning, a research center in Baghdad. The Iraqi Oil Ministry also noted in brief detail that it is considering the possibility of establishing a new pipeline to Turkey to replace the inoperable part of the Iraq-Turkey pipeline (ITP) located in Iraqi territory.

Separately, in the summer of 2016, officials from Iran and the KRG reached agreements on the technical details of an oil export pipeline that would allow the Kurdistan Regional Government to open a second oil outlet along with its line to Ceyhan. The proposed oil pipeline could carry between 250,000 and 400,000 bpd, which could facilitate the oil exchange deal with Iran. Accordingly, the Kurdistan Regional Government will supply Iranian refineries close to the Iraqi border with crude oil, and Iran will provide the equivalent to those who buy oil from the Kurdistan Region in the Iranian ports. In 2017, it appeared that Iran had entered into similar negotiations, this time with the Iraqi Oil Ministry. Since the Kurdistan Regional Government (KRG) lost control of the Kirkuk oilfields in favor of the Iraqi authorities, the Iraqi government transferred some Kirkuk oil to Iran.

Far from technical and financial considerations, Iran's record and reputation as an oil pipeline partner call for caution. Iran has a history of reversing its deals. Even a signed deal or memorandum of understanding with Iran may not do much. For example, a study conducted by the Oxford Institute for Energy Studies indicates that in the past decade, Iran has signed a large number of memorandums of understanding and / or contracts with Bahrain, Kuwait, Oman, Syria, the UAE and India, but none have been implemented.

As for the problems and risks faced by Iraq's oil and gas sector, Wahhab said: "It has become debatable, despite the fact that Iraq is suffering from the curse of resources. Indeed, while the flow of oil revenues has given the country a well-armed army and saved its people from starvation, successive governments have failed to invest oil revenues in a way that translates into a modern and sustainable economy. Corruption is rampant.

Iraq has no choice but to reform its oil-based economic system in a way that enhances the role of the productive private sector. The rule of law, transparency and the suppression of corruption are therefore essential.

Under Saddam Hussein, oil revenues financed the wars of his regime and the brutal suppression of local opposition, popularization and tolerance of dictatorship. However, since the liberation of Iraq from Saddam, the one-party rule has been replaced by decentralized but competitive centers of power that flourished in an environment of growing chaos due to weak and worn-out state institutions, and promoted identity policies that in turn promoted the theory of nepotism instead of strategic policies Long-term. As a result, civil wars, terrorism, corruption and mismanagement have wasted Iraq's record revenues from oil sales.

 But the only way out of this crisis is through Iraq reforming its oil-based economic system in a way that enhances the role of the productive private sector. Therefore, the rule of law, transparency and the reduction of corruption must be [established]. Iraq is getting help from the World Bank and the International Monetary Fund to reform its economy. The country has the ingredients to become an advanced and prosperous country, but its policy is an obstacle.

On the oil and gas law and the resolution of disputes between Erbil and Baghdad, Wahhab said: As mentioned above, politics has overtaken politics in Iraq. Iraq's parliament passed a preliminary reading of the national hydrocarbons law in 2007. The bill was well executed in codifying constitutional provisions on Iraq's oil resources such as oil federalism and revenue sharing. But disputes over the determination of rights and responsibilities between the federal government in Baghdad and the Kurdistan Regional Government in Erbil undermine the passing of the law. Although the KRG has passed its regional natural resources law, Iraq still lacks a national oil law and relies on old laws and regulations.

Since parliament failed to pass the law in 2007, oil policies and industries in Iraq and the KRG have been mixed. Disputes over rights and earnings continue. In fact, the balance of power between the Kurdistan Regional Government and Baghdad replaced the rule of law. Indeed, many of their conflicts over oil, gas and budget result in the absence of such a law.

"I think that the next parliament elected in May 2018 should give priority to the issuance of an oil and gas law so that the KRG can save its debt-laden economy and allow the energy sector in Iraq to reach its full potential," he said. Maximizing economic gains from its lucrative industry.

On the best contracts for Baghdad and Kurdistan Wahab pointed out that we are aware today that Iraq and the Kurdistan Regional Government have concluded contracts that suit their industries better. In other words, technical service contracts (TSCs) are somewhat appropriate for Iraq, while production sharing contracts (PSCs) are suitable for the emerging energy sector in the Kurdistan Region. However, both sides need to conduct reviews in an environment where oil prices are low.

Keywords: 
 

[yota691]

Federal oil: ready to resume the pumping of Kirkuk oil to Ceyhan in agreement with Kurdistan

 

 

 28/02/2018 - 23:57

 

 

 

The Federal Oil Ministry announced on Wednesday its readiness to resume pumping oil through the Kirkuk pipeline (the Kurdistan oil pipeline) to the Turkish port of Ceyhan in agreement with the Kurdistan Region.

The ministry said in a statement that the minister of oil Jabbar al-Luaibi met with the deputy Russian company Rosneft Didier Kasimiro, and confirmed that the doors of the ministry is open to the international oil companies to participate and contribute to investment projects for the rehabilitation of oil pipelines, and the establishment of refineries, Infrastructure.

The sale of Kirkuk crude since the restoration of militias popular and other Iraqi forces control of the fields of the Kurds in October last in light of the continuing tension between the federal government and the Kurdistan Regional Government after the referendum on the independence of the territory from Iraq on September 25 last.

The statement added that the ministry, in an effort to increase the volume of financial revenues is ready to resume pumping crude oil through the Kirkuk-Ceyhan pipeline in agreement with the Kurdistan Region.

 The spokesman of the Iraqi Oil Ministry pointed out on 21 of this month, close to reach an agreement between Baghdad and Erbil on the oil file, noting that the talks between the two sides have made good progress.

Asim Jihad said in a special statement to (Basneoz) that "there is good progress in the talks between Baghdad and Erbil, especially after the recent meetings between Prime Ministers of the Kurdistan Region, Najirvan Barzani and Iraqi Haider Abadi."

 "The (Federal) Oil Minister held a number of meetings with Kurdish officials regarding the existing problems and there is an attempt to solve them and reach an agreement," the spokesman of the Federal Oil Ministry said.

The Iraqi oil minister Jabbar al-Luaibi visited Turkey recently at the invitation of his Turkish counterpart Birat al-Bayraq to discuss the resumption of oil exports through the Turkish port of Ceyhan.

Oil Ministry spokesman Assem Jihad said in a statement on February 19 that al-Luaibi's visit to Turkey was aimed at reaching an agreement to resume the shipment of Iraqi crude.

The Iraqi Prime Minister Haider Abadi, announced on Tuesday, an agreement with the Kurdistan Regional Government to resume the export of Kirkuk oil, through the Turkish port of Ceyhan.

Abadi told reporters that the Iraqi government agreed with the Kurdistan Regional Government to «resume the export of Kirkuk oil through the Turkish port of Ceyhan soon».

Abbadi did not specify a precise date for the resumption of oil exports.

He also referred to an agreement on "dealing with differences later."

[yota691]

Kirkuk oil still hostage to political stalemates

Kurdistan's export pipeline to Turkey is the key to unlocking stranded Kirkuk production, but Baghdad, Erbil, and Ankara cannot agree on terms.

Iraqi Prime Minister Haider al-Abadi (center) and Oil Minister Jabbar al-Luiebi (center-right) meet in Baghdad on Jan. 20, 2018, with KRG Prime Minister Nechirvan Barzani (center-left) and his delegation. (Iraqi Prime Minister's media office)

By BEN VAN HEUVELEN, BEN LANDO, SAMYA KULLAB AND STAFF
Published Thursday, March 1st, 2018

 

Iraq still cannot exploit the majority of Kirkuk's oil production capacity, despite optimistic statements from Prime Minister Haider al-Abadi and recent diplomatic efforts with Turkey.

The Bai Hassan field and the Avana Dome of the Kirkuk field are together capable of producing almost 300,000 barrels per day (bpd), but they are entirely shut down because their output would have nowhere to go. The fields are connected to Kurdistan's export pipeline to Turkey, but political disputes are preventing Baghdad-controlled oil from flowing through infrastructure under Erbil and Ankara's authority.

[yota691]

Iraq exports 95 million barrels of oil in 28 days

12:34 - 01/03/2018

 

  

Information / Baghdad ..

The Ministry of Oil announced on Thursday that its exports reached more than 95 million barrels during the month of February, noting that the revenues achieved amounted to more than five billion dollars.

 "The volume of exports of crude oil for the month of February amounted to more than (95) million and (940) thousand and (404) barrels with revenues of more than (5) billion and (769) The ministry said in a statement received / ) Million and (532) thousand dollars, "noting that" the statistics did not record any oil exports from the fields of Kirkuk,

The statement added that "the daily rate of export amounted to (3,426) million barrels per day," stressing that "the average price per barrel (60,137) dollars per barrel."

The ministry said that "the number of days of February is 28 days, that is, three days less than the month before", "This affects the total amount exported and revenue achieved." Ending / 25

[yota691]

Kurdistan Regional Government confirms its readiness to export Kirkuk oil through the pipelines of the region

Date Posted       02/03/2018 01:26 PM

The Kurdistan Regional Government confirmed its readiness to export Kirkuk oil through the pipelines of the region. The spokesman for the Kurdistan Regional Government, Sven Dzi, said in press statements that the region presented this proposal to Baghdad, which confirmed it in turn, considering it a positive step forward in the oil file. Dzei pointed out that there is no solid agreement on the proposal until now, expressing the hope that the agreement will be well. In turn, a member of the Committee on oil and energy parliamentary Zaher Abadi said that reaching an agreement will protect the oil of Kirkuk from theft using tanks, stressing that this step is in the interest of Iraq and the people of Kurdistan.

[ChuckFinley]

Thanks Yota, nice to see some good news. 

[boosterbglee]

http://www.almaalomah.com/2018/03/01/287066/

 

Exports 95 million barrels in February..............what are they doing with all that money?  I want some!

 

[10 YEARS LATER]

26 minutes ago, boosterbglee said:

http://www.almaalomah.com/2018/03/01/287066/

 

Exports 95 million barrels in February..............what are they doing with all that money?  I want some!

 

 

The $$$$$ most likely is quietly being funneled into un-numbered Swiss Bank Accounts.

[yota691]

Kirkuk oil smuggling ring exposed, pro-Iran militia blocks investigation: Police

 Mewan Dolamari |

March 10-2018     09:05 AM

 

---

A trench dug by smugglers to collect leaking oil after holes were bored into a pipeline from one of the main oil fields in Kirkuk. (Photo: Kurdistan24)

 

Kirkuk Oil Iraq Kurdistan Iran 

A+AA-

ERBIL, Kurdistan Region (Kurdistan 24) – Pressure from Iranian-backed Hashd al-Shaabi militia leaders shut down an investigation in Kirkuk province of oil being smuggled from Iraq to Iran, said a police source on Friday.

Security forces on the K1 – Yaychi road outside Kirkuk city arrested a driver and confiscated his Mercedes oil tanker carrying 36,000 liters of unrefined oil, known as 'black' oil, for not having documents required to transporting it, a Lieutenant Colonel from Kirkuk police told Kurdistan 24 on condition of anonymity.

According to the officer, the driver admitted after his arrest that he and others had been smuggling oil illegally from one of the oilfields.

After security forces followed information acquired during the arrest, they found a portion of the main pipeline in southwest Kirkuk province with holes bored into it, and another section of pipe welded to extract oil. Also, a trench had been dug around the pipeline, sometimes used by smugglers to collect escaping oil before being pumped out.

After few hours inspecting the area, some leaders of Shia Hashd al-Shaabi militias, also known as Popular Mobilization Forces (PMF), intervened and caused the investigation to be halted.

“Because it turned out that those who were smuggling the oil illegally were working for some of the Shia militia leaders,” the police source said.

Now, he added, the case has been officially closed by Kirkuk police under the pressure of Hashd al-Shaabi leaders.

Photos below show the area of pipeline in which smugglers bored holes extract oil to be pumped into tankers, shipped, and illegally sold.

Oil fills a trench dug by smugglers who bored holes into a pipeline from one of the main oil fields in Kirkuk. (Photo: Kurdistan24)

The damaged pipeline, with a pool of leaking oil around it. (Photo: Kurdistan24)

 

Police investigating an oil-smuggling operation on the Kaywan – Yaychi road, outside Kirkuk. (Photo: Kurdistan24)

A section of pipe welded into a pipeline by smugglers in order to extract oil. (Photo: Kurdistan24)

 

Kirkuk is a diverse province with multiple ethnic and religious communities, including Turkmen, Arabs, Christians, and Kurds, who make up a majority of the population.

Kirkuk is one of the disputed territories between the Kurdistan Regional Government (KRG) and the federal government of Iraq. Historically claimed by the Kurds, it was under the protection of Kurdish Peshmerga forces from 2014, following the emergence of the Islamic State (IS, until late 2017.

On Oct. 16, Iraqi forces and Iran-backed Shia Hashd al-Shaabi militias carried out a military attack and took control of Kirkuk and other disputed territories, pushing the Peshmerga from the territories. The offensive resulted in the displacement of over 180,000 people to the Kurdistan Region, mostly from Kirkuk.

Editing by John J. Catherine

[yota691]

• North Gas Company wants to sell 100 thousand tons of sulfur

By

 rami

 -

March 11, 2018

21

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The North Gas Company, one of the oil ministry’s formations, announced on Sunday that it will hold an open auction for the sale of 100 thousand tons of sulfur product available to it according to specifications and conditions set by the Sale and Rent of State Funds Law 21 of 2013.
“The auction date will be on 26/3/2018 at 10 am in the sports club hall located in the residential complex of the Northern Gas Company of Kirkuk province,” the company said in a statement.
“Sulfur purity is 99.8%, organic ash 0.08%, 0.12% inorganic ash, light yellow color and quality of molded molds are broken and loaded by the buyer.”
She pointed out that the company to be awarded the tender to pay the amount of the full amount (sales allowance) within (7) days of the date of the deterministic transfer or approval of the Minister, and be committed to load the sulfur procurement after the completion of the procedures of contracting and loading and transport during the period (180) And is also committed to the export of sulfur sifted outside Iraq in accordance with environmental conditions and is not entitled to provide excuses for environmental violations.
The company, which has been awarded the bidding, is committed to the task of breaking down, packing, loading and transporting the material, as well as choosing a border port to secure the export.
However, the North Gas Company is not obliged to compensate for damages or differences that appear as a kind, noting that the assignment is made on the recommendation of the Committee and the approval of the Director General of the North Gas Company and the approval of the Minister of Oil.

[Butifldrm]

MARCH 12, 2018 / 5:41 AM / UPDATED AN HOUR AGO

Iraq says plans to reduce oil products imports by 25 percent

 

Reuters Staff

1 MIN READ

•  
•  

 

BAGHDAD (Reuters) - Iraq’s oil ministry on Monday said the nation would reduce its petroleum products imports by 25 percent as crude oil refineries are being rehabilitated following fighting with Islamic State militants.

 

Iraq is also producing more oil products by processing natural gas liquids, Oil Minister Jabar al-Luaibi said in a statement, without indicating a specific timeframe for the import cuts.

The ministry has announced in the past few months an increase in the capacity of the Kirkuk oil refinery as well as plans to this year to rehabilitate parts of the Baiji plant, which used to be Iraq’s largest petroleum processing facility.

Iraq is OPEC’s second-largest oil producer after Saudi Arabia. Its refining capacity was curtailed when Islamic State militants overran Baiji, north of Baghdad, in 2014.

Iraqi forces recaptured Baiji in 2015 but it sustained heavy damage. The country now relies mainly on the Dora refinery, in Baghdad, and the southern Shuaiba plant.

 

https://www.reuters.com/article/us-iraq-energy-oil/iraq-says-plans-to-reduce-oil-products-imports-by-25-percent-idUSKCN1GO13U

[yota691]

Oil Minister to reduce imports of oil derivatives by 25%

 

Monday 12 March

 

 

 

 

Alsumaria News / Baghdad Face Oil Minister Jabbar Ali Allaibi, Monday, reducing the import of oil derivatives by 25% , which provides financial revenues of the federal treasury.  Al-Luaibi said in a statement received by Alsumaria News that "the face of reducing the import of oil derivatives by 25%, which provides financial revenue to the federal treasury," noting that "this action comes thanks to the policy of the Ministry of sound in the proper planning of the provision of oil derivatives for citizens, ministries and government facilities, "He said.     "A number of refineries that have been destroyed by terrorist gangs have been rehabilitated and the resumption of production has contributed to the addition of additional quantities of national production, as well as the addition of a number of production units to the refineries of the south and center," he said.  "The achievement of self-sufficiency in the production of liquid gas has had a significant impact in reducing the proportion of imports by covering a large part of consumption in some facilities and compensated with liquid gas, and the operation of production units in the refineries of modern and Chinese and Qayara and Kirkuk had a role In increasing the production of oil derivatives. "  The ministry announced earlier on the large investment projects in the liquidation sector, including Kirkuk refinery and Maysan refinery , Nasiriyah, Faw and AnbarNineveh and others contribute to raising the productive capacity of oil derivatives in the country, moreover, the ministry has plans and projects to build refineries outside the country for the benefit of Iraq .

[yota691]

Al-Allaibi directed to reduce the import of oil derivatives by 25%

 

 Since 2018-03-12 at 15:42 (Baghdad time)

Baghdad - Mawazine News

The Minister of Oil, Jabbar al-Allaibi, on Monday, to reduce the import of oil derivatives by 25%, which provides financial revenues to the federal treasury, while stressed that the achievement of self-sufficiency of the production of liquid gas had a significant impact in reducing the proportion of imports.

The ministry said in a statement received / Mawazine News / a copy, that "Allaibi directed to reduce the import of oil derivatives by (25%), which provides financial revenues to the Treasury Federal.

He said Allaibi, "This move comes thanks to the policy of the Ministry of sound in the proper planning of the provision of oil derivatives to citizens and ministries and government facilities and companies and factories of the private sector and others," noting that "the rehabilitation of a number of refineries that have been destroyed by terrorist gangs and the resumption of production, In addition to additional quantities of national production, as well as the addition of a number of production units to the refineries of the south and center. "

He added that "the achievement of self-sufficiency in the production of liquid gas had a significant impact in reducing the proportion of imports by covering a large part of consumption in some facilities and compensated with liquid gas," explaining that "the operation of production units in refineries modern and Chinese and Qayara and Kirkuk had a role in Increase the production of oil derivatives. "

It is noteworthy that the Ministry of Oil, had announced earlier, for large investment projects in the liquidation sector, including Kirkuk refinery and refinery Maysan, Nasiriyah, Faw, Anbar, Nineveh and others, which contributes to raising the capacity of production of oil derivatives in the country, as well as plans and projects to establish refineries outside The country is in favor of Iraq

[yota691]

Kirkuk fields begin to re-start

NOC is taking initial steps to bring some production at Bai Hassan and Avana Dome back online, increasing crude flows to refineries in Kurdistan.

Iraqi security forces at the Bai Hassan oil field on Oct. 19, 2017. (STAFF/Iraq Oil Report)

By STAFF of Iraq Oil Report
Published Tuesday, March 13th, 2018

 

KIRKUK - The Bai Hassan oil field and the Avana Dome of the Kirkuk field have started initial runs of production, five months after they were shut in following a federal military operation to regain control of Kirkuk.

The state-run North Oil Company (NOC) has also increased the amount of crude it is sending to refineries in the autonomous Kurdistan region - a sign that Baghdad and the Kurdistan Regional Government (KRG) are making some attempts to resolve a political impasse that has effectively stranded almost 300,000 barrels per day (bpd) of production.

[yota691]

Iraq is preparing to pump 50 thousand barrels per day of oil fields in Kirkuk

North oil tests began in both fields

 

 14 March 2018 06:23 PM

Mubasher: The North Oil Company, run by the Iraqi Ministry of Oil, began testing in the fields of Havana and Baye Hassan oil in Kirkuk, for processing to start pumping more than 50 thousand barrels per day.

"The state-run oil of the North has started testing in both fields to increase crude supplies to local refineries," the company's officials told Reuters on Wednesday.

In October last year, Iraq's oil minister announced the   return of the Bay Hassan and Havana fields in the northern Iraqi province of Kirkuk to the national production system .

An Iraqi oil official said at the end of last November that his country was preparing to transfer most of the production of oil fields in Kirkuk to local refineries .

[yota691]

Oil calls for investors to build a modern refinery capacity of 70 thousand barrels per day

 

Ministry of Oil logo

energy Economy News Baghdad: The Iraqi Oil Ministry called on companies on Thursday to invest in a project to build a modern refinery capacity of 70 thousand barrels per day in Anbar province. The ministry said in a statement published on its official website, read by "Economy News", that "the refinery of modern investment located in the province of Anbar with a capacity of 70 thousand barrels / day, and investors to implement BOOT or BOO according to the investment law in refineries No. 64 of 2007 and its amendments " . "The products of the refinery should be environmentally friendly and in accordance with international standards," she added. "The investor is covered by tax exemptions under the Investment Law No. 13 of 2006 ". "Under the second amendment to the Investment Law No. 64 of 2007, the discount rate on the price of crude oil on the ship is 8% but not less than 5 dollars and not more than 10 dollars from the world price ." She pointed out that "the information bag for the refinery was prepared by the Department of Studies, Planning and Follow-up and the price of the bag (30) thousand dollars (non-refundable)", noting that "the date of closing the sale of bags end of official working day on Sunday 29/4/2018 And the deadline for receipt of documents submitted by companies wishing to invest in the refinery above the end of the official working day on Thursday 14/6/2018, and the documents are submitted to the Department of studies and planning and follow-up directly closed and otherwise the documents are rejected . Views 17   Date Added 03/15/2018

[yota691]

 

Iraq calls on investors to participate in Anbar refinery project

13:52

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BAGHDAD (Reuters) - 
Iraq's oil ministry on Thursday called on investors to participate in a project to build a 70,000 bpd oil refinery in the western province of Anbar. 
"The oil invited investors to participate in a project to build a refinery oil capacity of 70 thousand barrels per day in Anbar province in the west, indicating that the implementation of the refinery style" BOOT "or" BOO, "the system Construction, ownership, operation, construction, ownership, operation and transfer of ownership, in accordance with the Investment Law in Refineries No. 64 of 2007 and its amendments. "
"The products of the refinery will be environmentally friendly and in accordance with international standards, and that the investor is covered by tax exemptions under the Investment Law No. 13 of 2006." 
The Ministry pointed out that "the last date for receipt of papers from companies wishing to invest in the refinery June 14 next." 
The Anbar refinery comes as part of the government's plan to increase oil processing capacity in the country and reduce its imports of oil derivatives. 
The ministry announced earlier, its intention to invite investment companies to participate in the implementation of the refineries of Anbar, Qayara and Dhi Qar, with a total capacity of 400 thousand barrels per day for the three refineries. 
And put Iraq, investment projects in the Iraqi oil refineries, including the refineries of Kirkuk, Maysan, Nasiriyah, Faw, Anbar and Nineveh, in an effort to enhance the capacity of Iraqi production of oil derivatives.

[Pitcher]

Iran: We are ready to trade Iraqi oil

By rami

 -

March 15, 2018

 

Iran’s oil minister, Bijan Zangana, has declared his country’s willingness to trade Iraqi oil.

“The operational and logistic activities and the provision of trucks to exchange oil for northern Iraq (Kirkuk) through Iran are currently underway and once they declare their readiness, we are ready,” Zankana was quoted by the official IRNA news agency as saying on Wednesday. As well. ”

As to how to transfer the two sums related to the agreement with Russia, he said, there is no problem with the transfer of funds related to the agreement where the external party undertakes the transport itself.

He explained that alongside Russian companies, we are in talks with other companies to develop oil fields in the country.

“Iran has not agreed to cut oil for the whole year and Opec can change its view, but I do not think this change is going to happen,” said Iran’s oil minister.

Iraq had announced on the ninth of last December to sign an agreement with Iran to export oil from the fields of Kirkuk at the rate of 30 to 60 thousand barrels per day using trucks temporarily until the implementation of an oil pipeline linking the two countries in the northern region of Iraq.

The pipeline could replace the existing export route from Kirkuk through Turkey and the Mediterranean.
Oil Minister Jabbar al-Luaibi said that under the agreement, “about 30 thousand barrels per day of crude will be transported by truck to the Iranian refinery Kermanshah at the start of export.”

The agreement included Iraq and Iran to swap up to 60 thousand barrels per day of crude produced from Kirkuk with Iranian oil for delivery through the ports of southern Iraq “the same amount and the same specifications.”

The sale of Kirkuk crude has been suspended since the security forces imposed the federal authority on the province and its oil fields on 16 of last October.

The field of Kirkuk is one of the important oil fields in Iraq. It is estimated that the field reserves amount to about 10 billion barrels of oil of good quality, and the maximum capacity of production field is one million barrels per day, but the average production during the past few years fell significantly until it dropped to about 150 A barrel a day only.

The current production capacity of Iraq is about 4.8 million barrels per day, while actual production to about 4.4 million barrels per day in line with the agreement of the OPEC countries to reduce production in order to support prices.

Edited March 16, 2018 by Markinsa
Inserted title and added link to title.

[Markinsa]

Link?

[Pitcher]

I read a lot of articles on Iraq. I’m not sure this is the correct one but it’s from this webpage

 

http://en.economiciraq.com/2018/03/15/jabbar-al-allaibi-national-oil-company-will-open-oil-horizons-for-iraq/

[yota691]

 

"Dana Gas" plans to increase production in the Kurdistan region to 170%

15:41

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Follow - up / Tomorrow 's Press: 
Company plans to "Dana Gas" United Arab Emirates, raising its output of oil fields in the Kurdistan region to 170% over the next three years. 
"Our goal this year is to increase production in Iraq by 20 percent with the development of the Khor Mor and Chamchamal oil fields in full," Chief Executive Officer Patrick Alman told a news conference on Thursday.
"The two fields contain huge reserves estimated at 75 trillion cubic feet of wet gas, 7 billion barrels of oil, and with the entry into development over the next two to three years we will raise our production for the remaining to 170%." 
"PPL intends to invest $ 47 million in capital expenditures this year, with little change from last year's spending," he said. 
It is noteworthy that the volume of the company's production in the Kurdistan region, did not see any change last year, as it settled at 25 thousand and 750 barrels of oil equivalent day, the same level of production in 2016.

[Markinsa]

4 hours ago, Pitcher said:

I read a lot of articles on Iraq. I’m not sure this is the correct one but it’s from this webpage

 

http://en.economiciraq.com/2018/03/15/jabbar-al-allaibi-national-oil-company-will-open-oil-horizons-for-iraq/

 

Wrong link, I was able to find the article. 

[Pitcher]

The Minister of Planning, Salman Jumaili, on Thursday, the company “Exxon Mobil” specialized in energy, to redouble its efforts to develop the oil industry in Iraq, stressing the government’s readiness to support its efforts to achieve the desired results of oil investments.
The Office of Jumaili said in a statement that the latter “met in his office,” was discussed and discussed the reality of oil production in Iraq and mechanisms to increase this production to achieve the ceiling today, the headquarters of the new head of the Russian company Oksin Mobil Taher district, “indicating that the production needed by the country To meet the requirements of development. ”
Al-Jumaili stressed on the importance of dealing and contracting of major international companies to implement projects, especially in the field of oil, because such companies have the capacity and competence that qualifies them to implement such projects according to time, quality and high quality.
He pointed out that “this principle is pursued by the Iraqi government in the file of investment and the implementation of strategic projects,” noting that “companies that develop the oil industry can also implement other projects accompanying, such as desalination projects, especially in the province of Basra.”
Jumaili called on “the company to increase its efforts to develop the oil industry in Iraq,” expressing “the readiness of the Iraqi government to support these efforts to achieve the desired results of oil investments.”
For his part, the head of the company, Oksin Mobil in Iraq Taher Haidam, that his company “has been working in Iraq since 2010 in the province of Basra in the West Qurna I also develops other programs such as desalination and development of two other fields, and the exploitation of gas associated with the production of energy And to promote and develop the oil industry in Iraq and reach the target ceiling of

http://en.economiciraq.com/2018/03/16/iraq-calls-for-oksin-mobil-to-double-efforts-to-develop-the-oil-industry/