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


yota691
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Nineveh - conscious

A delegation from the Ministry of Oil visited the provinces of Kirkuk and Nineveh to discuss the most important issues related to the development and rehabilitation of distribution outlets.

"The delegation, which includes the Undersecretary of the Oil Minister and a number of senior cadres in the ministry, held several meetings with officials in the two provinces to discuss ways to deal with any fuel crisis that could occur and speed up its solution," a ministry statement said.

Stressing that "the delegation decided to increase the share of Nineveh from gasoline to 100 thousand liters per day as well as processed with white oil"

The statement added that "the visit a number of stations and the establishment of the Ministry of Oil for the purpose of reviewing the rates of completion and urge to expedite the work to return to serve the people of the province."

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Release Date: 2018/8/12 20:24 • 25 times read
The Ministry of Oil investigated suspicions of corruption
[Ain-Baghdad] 
The Oil Ministry on Sunday formed a commission of inquiry into charges of corruption directed by former MP Haitham al-Jubouri.
The Ministry of Oil said in a statement that "the Ministry of Oil confirms its keenness to optimize the national wealth through maximizing and sustaining national production of oil and gas in support of the national economy. Concerned and the media in evaluating the performance of the ministry and its national companies, by marking the sites of imbalance here and there .. Service for the public good. 
"The leadership of the oil sector was keen to cooperate with the regulatory bodies to clarify the facts of things to reach the common national goals and the public interest, especially parliamentary committees, by answering all questions and inquiries on various issues related to the oil issue, regardless of the nature of these questions and their motives And whether they are relevant or not. "
The ministry said that "from the follow-up of the Ministry of the observations raised by Jubouri in one of the satellite channels on some issues related to oil issues, instructed the Minister of Oil to form a committee of the relevant departments and companies in the Ministry to review all the points mentioned by the former MP in the program for verification, To inform him of the results of the final report, as well as to communicate with the MP to discuss all the files that he owns on issues that concern the oil issue, in the interest of the ministry to remain open before it and the relevant authorities to learn more closely about the oil activity.
"Deep appreciation for all sincere efforts aimed at preserving national wealth, by diagnosing professional and national imbalances away from narrow interests, calls upon all concerned, the media and individuals to respect the rules of freedom of expression and respect for the opinion of the other, And to ensure that data and documents are impartial, as freedom of expression and opinion does not mean insulting others and targeting the state and its official institutions. " 
Former MP Haytham al-Jubouri raised accusations of corruption in the oil sector in a television interview and was then subjected to a wave of attack and criticism.
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  • yota691 changed the title to Petrofac is awarded a $ 370 million contract to develop the Majnoon field
 
9417.jpg

  

 energy


Economy News _ Baghdad

Petrofac, the British oil company, received a contract worth 370 million dollars from the Basra Oil Company to expand processing facility in the field of Majnoon oil in southern Iraq.

The 34-month contract includes the scope of the engineering procurement and construction project and two oil-processing training, capable of treating 200,000 barrels of oil a day, the company said in a news story on its website, Al-Iktissad News.

Petrofac was awarded a contract in 2011 for engineering services and construction management at the Majnoon field. 


Views 68   Date Added 08/14/2018

 
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Kurdish Officials: Iraq, Turkey Can’t Export Kirkuk Oil Without Kurdistan Deal

By Tsvetana Paraskova - Aug 15, 2018, 2:00 PM CDT Oil storage

Iraq and Turkey must reach a deal with the Kurdistan Regional Government (KRG) first in order to export oil from the Kirkuk fields in northern Iraq via Turkey, Kurdish officials told local media this week.

Around 300,000 bpd of crude oil previously pumped and exported in the Kirkuk province have been shut in since the Iraqi federal government moved in last October to take control over the oil fields in Kirkuk from Kurdish forces.

Before Baghdad seized control of the oil fields, the Kurdistan Region was exporting the crude oil via the Kurdish-operated pipeline to the Ceyhan port on the Turkish Mediterranean coast.

 

Earlier this week, Iraq’s Prime Minister Haider al-Abadi visitedAnkara, where he discussed many issues, including oil exports via Turkey, with Turkish President Recep Tayyip Erdo?an.

According to the Kurdistan 24 outlet, the two leaders reportedly reached an initial deal to sell Kirkuk’s crude oil via Turkey, possibly through a new pipeline closer to the Syrian border that would cross only a small portion of land controlled by the KRG.

Kurdish officials, however, argue that Turkey and Iraq will need first to strike a deal with Kurdistan before proceeding with plans to export Kirkuk’s oil.

“It is in the best interest of Baghdad to resume the export of Kirkuk’s oil through the Kurdistan Region’s pipeline as they would benefit more from the revenue than the KRG,” Rebwar Talabani, the head of the Kirkuk Provincial Council (KPC), told Kurdistan 24. According to the Kurdish official, it is ‘unrealistic’ to think that Iraq’s federal government could export oil from Kirkuk via the Nineveh province because security and safety concerns persist in the area.

Related: Crude-By-Rail Could Save The Permian Boom

“Turkey and Iraq cannot take any steps regarding Kirkuk’s oil export without first reaching an agreement with the Kurdistan Region. The oil pipeline is completely under the control and protection of the Kurdistan Region,” Bewar Khinsi, an adviser on natural resources to the Kurdistan Region Security Council (KRSC) Chancellor, Masrour Barzani, said.

Last week, KRG’s Prime Minister Nechirvan Barzani said that exporting Kirkuk’s oil via Turkey was at the top of the agenda for the talks between Kurdistan and Iraq.

Currently, fields controlled by KRG export around 350,000 bpd via the pipeline to Ceyhan, roughly half its capacity, industry sources told S&P Global Platts last week.

 

https://oilprice.com/Latest-Energy-News/World-News/Kurdish-Officials-Iraq-Turkey-Cant-Export-Kirkuk-Oil-Without-Kurdistan-Deal.html

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  • yota691 changed the title to Kurdish Officials: Iraq, Turkey Can’t Export Kirkuk Oil Without Kurdistan Deal

BASRA, Iraq, Aug 16 (Reuters) - Iraq exported an average of 3.6 million barrels per day (bpd) from its southern oilfields so far in August, two oil executives said on Thursday. 

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Iraqi Oil Ministry Bans Kurdish Language In Documents

https://oilprice.com/Latest-Energy-News/World-News/Iraqi-Oil-Ministry-Bans-Kurdish-Language-In-Documents.html

By Irina Slav - Aug 16, 2018, 9:30 AM CDT flaring

The Iraqi Oil Ministry has banned the use of Kurdish words in official documents, threatening Kurdish employees with lawsuits if they violate the ban, Kurdish media report, citing a document issued earlier this week by a senior Oil Ministry Official.

“There are Kurdish terms used in most of the documents the NGC submits which is against the motion issued in 1968 to maintain the safety of the Arabic language,” Hamdan Uwaij Rashid, General Inspector at the Oil Ministry said in the statement, which was addressed to the North Gas Company.

Apparently, the document is a follow-up on another one, issued by the Iraqi Secretariat of the Council of Ministers, which was circulated to all Iraqi institutions in August 2017. Interestingly enough, this was before the historic Kurdistan independence referendum that heated up relations between Erbil and Baghdad and eventually led to Iraqi forces retaking control of the city of Kirkuk and the surrounding fields from the Kurdish Peshmerga.

 

The Kurdistan Regional Government estimates local crude oil reserves at some 45 billion barrels—this puts Kurdistan ahead of Nigeria in terms of reserves and what’s more, this oil is cheap to pump. According to figures for 2016, Kurdistan pumped about half a million barrels daily, which was expected to rise to above 600,000 in 2017. Most of this is exported to Turkey, but since the Iraqi government took over the Kirkuk fields, some 300,000 bpd in production has been shut in.

Earlier this week, Kurdish officials said Iraq cannot export the Kirkuk oil to Turkey without first inking a deal with the KRG, following reports that Iraq’s Haideer al-Abadi and Turkey’s Recep Erdogan had struck an agreement for the resumption of Kirkuk oil exports to Turkey. The message from Erbil suggests relations between the central government and the Kurdistan authorities have yet to settle.

By Irina Slav for Oilprice.com

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  • yota691 changed the title to The Kurdistan region owe Baghdad $ 500 billion
Al-Quds Al-Arabi: The Kurdistan region owe Baghdad $ 500 billion
 

 

 
 

Date Posted       16/08/2018 11:45 AM

 
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Al-Quds Al-Arabi newspaper reported that the Kurdistan region owed the central government in Baghdad half a trillion dollars, because of a series of violations since the year two thousand and three.

The newspaper quoted an Iraqi government source as saying that the region is condemned to the federal government about 500 billion dollars, because of violations, including the export of oil and control of border crossings, and other financial consequences, over the past years.

The federal oil minister, Jabbar al-Allaibi, filed a lawsuit against the Kurdistan Federal Court against his counterpart in Kurdistan, Minister of Natural Resources Ashti Hawrami, in which he demanded the implementation and implementation of the provisions of the Constitution and the relevant laws. .

It is noteworthy that the federal government and over the years that have passed, did not receive the imports of oil exported from Kirkuk and the region, while Erbil insists on the legislation of the law of oil and gas inactivated in the federal parliament since the year of two thousand and ten, as a prerequisite to the delivery of financial oil imports to Baghdad,

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{Document) violation of the provisions of the Iraqi Constitution .. Federal oil prohibits the use of Kurdish in its official writings

Threatened to take legal action against violators

 

 arabic

 17/08/2018 - 11:58

 
 
(Document) violation of the provisions of the Iraqi Constitution .. Federal oil prohibits the use of Kurdish in its official writings
 

An official document issued by the Iraqi Ministry of Oil issued an order prohibiting the circulation of the Kurdish language in its official documents, threatening to take legal action against the violators.

This is despite the fact that Article IV, the first paragraph of the Iraqi Constitution provides that the Arabic language and the Kurdish language are the official languages of Iraq.

According to an official document issued on Monday (August 13), the Inspector-General of the Iraqi Oil Ministry, Hamdan Awajel Rashid, ordered the North Gas Company to stop trading Kurdish words in official documents.

According to the text of the document addressed to the North Gas Company, "Most of the correspondence issued by your company to our office is fixed in some terms in Kurdish language, thus violating the provisions of the law to preserve the safety of the Arabic language ... which obligates your company to abide by the law."

kurdishforbidn.JPG

"Otherwise, the employee will be subject to disciplinary accountability under the law" Discipline of State Officials in Force ".

Rashid said it would be a "future course of action."

The Iraqi authorities had isolated one of the officials in the North Gas Company after he printed a picture of the governor of Kirkuk, former Necmettin Karim on the company's evaluation in 2018.

After the Kurdistan Region referendum in September last year, Iraqi forces and the Iranian-backed Popular Army militia regained control of Kirkuk on 16 October 2017 after the city remained one of the most prominent Kurdish areas outside the administration of the Kurdistan Region or called the (disputed) ) Under the protection of the Peshmerga and the Kurdish security forces since the surprise attack of Daish in 2014 and the withdrawal of the Iraqi army to attack the organization.

Since the conquest of Baghdad control of Kirkuk has been isolated dozens of Kurdish officials, officers and officers, while replaced by other Arabs and Turkmen, and has been banned raising the flag of Kurdistan in the city, which was made by an official decision of the provincial council.

 

http://www.basnews.com/index.php/ar/news/iraq/459787

 
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BP And PetroChina Set To Rake In Billions Developing Iraq's Super-Massive Rumaila Oil Field

Summary

BP plc and PetroChina Corporation are developing Iraq's super-massive Rumaila oil field.

The consortium plans to boost the Rumaila field's crude output to 2.1 million barrels per day by 2020.

Going over the significance of the petroleum production license covering the Rumaila oil field.

Why sub-contractor arrangements are worthwhile to firms the size of BP plc and PetroChina Corporation.

Located in 1953 by BP plc (NYSE:BP), back when BP was British Petroleum, the Rumaila oil field in Iraq is truly massive. It is expected to house 17.7 billion barrels of recoverable oil. As of 2016, the field had pumped out its 3 billionth barrel of crude oil. That means there is still an enormous amount of crude left to be recovered by the consortium developing the Rumaila oil field. In 2009, BP plc and PetroChina Corporation Limited (NYSE:PTR) won the sub-contractor petroleum production license to develop the field. The consortium is 38% owned by BP plc, 37% owned by PetroChina Corporation, and 25% owned by the State Oil Marketing Organization (part of Iraq’s national oil company). Let’s go over what the consortium has in store for the Rumaila field going forward.

A close up of a map Description generated with very high confidence

Source: BP plc (as of August 2015)

Super-massive oil field

BP and PetroChina agreed to share the $2 per barrel in remuneration fees as part of the sub-contractor agreement, which is on top of recouping the development costs to ramp up the Rumaila oil field’s production capacity. In 2009, the field was producing 1 million barrels of crude per day. Fast forward to 2017, and that had risen to 1.45 million barrels per day by the latter part of the year. Production is expected to increase to ~1.5 million barrels per day this year as additional water injection wells are utilized to boost reservoir pressure, which in turn bolsters the productivity of producing wells.

 

https://seekingalpha.com/article/4199988-bp-petrochina-set-rake-billions-developing-iraqs-super-massive-rumaila-oil-field

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ATEGORY: IRAQ OIL & GAS NEWS

POSTED ON17 AUGUST, 2018

DNO Presses Foot on Accelerator in Kurdistan

dno-presses-foot-on-accelerator-in-kurdi

DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 million and free cash flow of USD 142 million during the first half of the year.

“With growing production and robust and reliable revenues, the dividend announcement underscores confidence in our strong growth prospects,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani (pictured). “Kurdistan is back and so is DNO,” he added.

The Company continues to ramp up activity in the Kurdistan region of Iraq, where fast track development of the Peshkabir field is expected to boost output by another 15,000 barrels of oil per day (bopd) to 50,000 bopd by yearend.

The Company, the most active driller in Kurdistan, has three rigs operating across its licenses with a fourth to be added next month.

Two rigs will be active at the flagship Tawke field to reverse natural field decline through workovers and the drilling of two wells in the main Cretaceous reservoir and two wells in the shallow Jeribe reservoir.

Operations will commence at the Baeshiqa license with another rig to be mobilized to spud the first well in September as part of a back-to-back, three-well exploration program. DNO acquired a 32 percent interest in and operatorship of the Baeshiqa license last year, joining ExxonMobil (32 percent), the Turkish Energy Company (16 percent) and the Kurdistan Regional Government (20 percent).

At Peshkabir, the fourth rig will spud Peshkabir-8 in 10 days followed by Peshkabir-9 in October. Early production and successful appraisal have raised previous field proven (1P) and proven and probable (2P) reserves. Two newly completed wells, Peshkabir-6 and Peshkabir-7, will commence testing by the end of this month before being placed on production. Peshkabir-6 is key to unlocking further Cretaceous and Triassic reserves.

“Peshkabir is proving prolific in production and has generated over USD 300 million in gross revenue since startup last year or three times the investment,” said Mr. Mossavar-Rahmani.

Elsewhere, DNO recently completed the sale of its Tunisia assets and relinquished Block SL18 in Somaliland as part of the Company’s ongoing rationalization of its portfolio through divestment of non-core assets and focus on expanding operations in Kurdistan and Norway.

Offshore Norway, the Company recently added six new exploration licenses for a total of 21 licenses and plans to participate in one exploration well in the fall, followed by at least five wells next year.

DNO retains indirect interests in North Sea assets through its 28.23 percent strategic stake in Faroe Petroleum plc and, given the size of its shareholding, will request seats on the board and has asked for an extraordinary general meeting to be called for this purpose.

DNO exited the second quarter with a cash balance of USD 584 million in addition to USD 288 million in marketable securities and treasury shares. The Company’s outstanding bond debt stands at USD 600 million.

The planned annual dividend distribution of NOK 434 million (USD 50 million equivalent), payable in two tranches, is subject to shareholder approval. To facilitate the distribution of the planned dividend, the DNO Board of Directors will convene an extraordinary general meeting on 13 September 2018 (i) to seek approval for payment of a dividend of NOK 0.2 per share in H2 2018 to be distributed to shareholders of record on 13 September 2018 (as registered in the VPS on 17 September 2018), and (ii) to seek authorization to approve an additional dividend payment of NOK 0.2 per share in H1 2019.

(Source: DNO)

http://www.cursorinternational.com/category/iraq-oil-gas-news/

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Iraq plans to deliver gas to homes instead of cylinders

Iraq plans to deliver gas to homes instead of cylinders
Iraqi Oil Minister Jabbar al - Allaibi
 
 
 
 19 August 2018 11:49 p

Mubasher: The Iraqi Oil Ministry plans to supply citizens with liquid gas via the pipeline network, instead of gas cylinders .

The Minister of Oil, during a visit to the gas filling company in Taji, he directed the management of the company to accelerate the development of plans to apply this experiment on a number of residential neighborhoods in Baghdad and the provinces, and then circulate to all cities .

Jabbar al-Allaibi said in a statement to the ministry on Sunday that citizens will be provided with liquid gas through pipelines for horizontal construction, and not to shorten them on vertical residential complexes and industrial and commercial centers .

Al-Luaibi added that the ministry is working to encourage citizens to use liquid gas fuel for vehicles and to spread this experience to all of Iraq, for economic and environmental returns .

Iraq earned $ 252 million in gas exports in 2017 .

And has Iraq reserves estimated at 137 trillion cubic feet of gas is 70% of the Iraqi gas companion gas to extract oil for processing, Iraq occupies the eleventh place among the nations of the world 's rich natural gas .

https://www.mubasher.info/news/3332189/العراق-يخطط-لتوصيل-الغاز-للمنازل-بدلا-من-الأسطوانات

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Iraqi Oil Exports From South Set To Reach New Record

By Tsvetana Paraskova - Aug 21, 2018, 3:00 PM CDT Oil terminal

Iraq’s oil exports from its southern ports are heading for a new record this month if they continue the pace set so far in August, which would be the second consecutive month of setting records in southern oil exports, Reuters reported on Tuesday, citing industry sources who have been tracking shipment data.

Between August 1 and 19, Iraq’s southern oil exports averaged 3.7 million bpd, an increase of 160,000 bpd from the previous record of 3.54 million bpd set in July, an industry source who has compiled ship-tracking data told Reuters.

According to a second source, the oil exports from Iraq’s south have been at least 3.6 million bpd on average so far in August.

 

In July, Iraq’s exports from the south averaged 3.543 million bpd, slightly up from the June exports of 3.521 million bpd.

If the pace of exports continues this month, Iraq will set a new record in its exports from the south in August—a sign that the OPEC’s second-largest producer is following through the cartel’s decision to ease compliance rates, or in other words, to boost oil supply and offset production losses.  

Before OPEC’s decision in June to increase supply, Iraq had been ramping up exports from its southern ports to compensate for lost exports in the north. Around 300,000 bpd of crude oil previously pumped and exported in the Kirkuk province have been shut in since the Iraqi federal government moved in October to take control over the oil fields in Kirkuk from Kurdish forces.

Related: Venezuela Takes Unprecedented Action To Stabilize Currency

According to shipping data obtained by Reuters, exports from the north have averaged 350,000 bpd so far in August, up from 300,000 bpd in July, but still well below the 500,000 bpd in early 2017.

Iraq’s crude oil production rose to its highest level in 13 monthsin July—to 4.46 million bpd, Platts quoted the Iraqi State Oil Marketing Organization (SOMO) as saying earlier this month. That’s the same number that Iraq reported to OPEC for its July production, but according to OPEC’s secondary sources, Iraq’s production in July was 4.556 million bpd, up by 24,100 bpd from June.

Iraq is also seeking to attract more clients in Asia and it has reduced the official selling price (OSP) for its flagship Basrah Light grade for September loadings to less than the rival Saudi Arab Medium grade for the first time in five months, Platts reported earlier this month.

 

 

https://oilprice.com/Latest-Energy-News/World-News/Iraqi-Oil-Exports-From-South-Set-To-Reach-New-Record.html

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  • yota691 changed the title to Oil: Our total exports rose to 109 million barrels last July

Oil: Our total exports rose to 109 million barrels last July

02:29 - 29/08/2018

 
image
 
 

Baghdad - 
The Ministry of Oil, on Wednesday, the high total oil exports and revenues achieved for the month of July compared to last June, according to final statistics issued by the Iraqi Oil Marketing Company (SOMO). 
A spokesman for the Ministry of Oil Assem Jihad said in a statement received by "Mawazine News", a copy of it, "The total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq amounted to (109) million and (857) thousand and (705) Barrels, with revenues amounted to (7) billion and (532) million and (500) thousand dollars, while not recorded statistics exports from the fields of Kirkuk. " 
Jihad said that "the average price per barrel amounted to (68,566) dollars." He pointed out that "the exported quantities were loaded by (42) international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the unilateral buoys on the Gulf."

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  • yota691 changed the title to Iraq exports more than 100 million barrels of oil revenues of more than 7 billion dollars

Iraq exports more than 100 million barrels of oil revenues of more than 7 billion dollars

Iraq exports more than 100 million barrels of oil revenues of more than 7 billion dollars
 



 Twilight News    
 one hour ago

The Ministry of Oil announced the increase in the total oil exports and revenues achieved for the month of July compared to last June, according to the final statistics issued by the Iraqi Oil Marketing Company (Sumo), where the amount of exports of crude oil (109) million and (857) thousand And (705) barrels, with revenues amounted to (7) billion and (532) million (500) thousand dollars. 
The spokesman for the Ministry of Oil Assem Jihad said that the total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq amounted to (109) million and (857) thousand and (705) barrels, revenues amounted to (7) billion and (532) Million and (500) thousand dollars, while not recorded statistics exports from the fields of Kirkuk. 
Jihad said the average price per barrel amounted to (68,566) dollars.
He pointed out that the exported quantities were loaded by (42) international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the monolithic buoys on the Gulf.

Keywords: 

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By the numbers that are coming out of Iraq lately for oil sales you would think

that they are rolling in $$ enough to cover clean water and electricity for their people. :shakehead:

Have a good night Yota and DV  :D

11 hours ago, yota691 said:

Iraq exports more than 100 million barrels of oil revenues of more than 7 billion dollars

Iraq exports more than 100 million barrels of oil revenues of more than 7 billion dollars
 



 Twilight News    
 one hour ago

The Ministry of Oil announced the increase in the total oil exports and revenues achieved for the month of July compared to last June, according to the final statistics issued by the Iraqi Oil Marketing Company (Sumo), where the amount of exports of crude oil (109) million and (857) thousand And (705) barrels, with revenues amounted to (7) billion and (532) million (500) thousand dollars. 
The spokesman for the Ministry of Oil Assem Jihad said that the total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq amounted to (109) million and (857) thousand and (705) barrels, revenues amounted to (7) billion and (532) Million and (500) thousand dollars, while not recorded statistics exports from the fields of Kirkuk. 
Jihad said the average price per barrel amounted to (68,566) dollars.
He pointed out that the exported quantities were loaded by (42) international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the monolithic buoys on the Gulf.

Keywords: 

 

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Iraq sells oil in August worth $ 7.7 billion

Release date: 2018/9/2 14:09  46 times read
Iraq sells oil in August worth $ 7.7 billion
(Baghdad: Al-Furat News) The Ministry of Oil, on Sunday, the total increase in the quantities exported crude oil and revenue achieved for the month of August.
The ministry spokesman, Assem Jihad, in a statement received by the agency {Euphrates News} copy of it, "The rate of exports and revenues achieved for the month of August last rose compared to last July, according to preliminary statistics from the Iraqi Oil Marketing Company (Sumo), where the amount Exports of crude oil more than 111 million and 61 thousand and 618 barrels, with revenues amounted to more than 7 billion and 729 million and 57 thousand dollars, while the statistics did not record exports from the fields of Kirkuk. 
He pointed out that "the daily rate of exports amounted to 3 million and 583 thousand barrels," adding that "the average price per barrel amounted to (69.593) dollars." 
Jihad pointed out that "the ministry, through its belief in informing the people about the export operations and the revenues generated from it, took this monthly action."
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  • yota691 changed the title to US report: Iraqi approach to extend an oil pipeline towards Syria
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