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yota691

Iraq exports natural gas to Kuwait

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Economy News _ Baghdad

Iraqi oil minister Jabbar Ali Hussein al-Allaibi said on Friday that the joint technical committee between Iraq and Kuwait has taken advanced and important steps to expedite the implementation of the agreement to export Iraqi crude gas surplus from the Rumaila field to Kuwait.

"The Joint Committee has completed all relevant procedures and is now finalizing the implementation of the agreement in the near future," Al-Allaibi said in a statement received by Al-Iktissad News.

He added that "the agreement provides for the export of 50 million standard cubic feet per day of raw gas from Rumaila field in the province of Basra within the first phase up to 200 million standard cubic feet per day within the second phase of the Convention."

Al-Luaibi described the Kuwaiti side's endorsement of "the great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two countries and enhances bilateral relations and expand investment opportunities and prospects for joint cooperation."

 

 

Views 1   Date Added 09/22/2017

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Editorial date: 2017/9/21 23:05 • 249 times read
Oil Minister: Export of crude gas to Kuwait soon
[Ayna-Baghdad] 
Oil Minister Jabbar Ali al-Allaibi announced that the export of Iraqi crude gas to Kuwait will be soon.
"The joint technical committee between Iraq and Kuwait has taken advanced and important steps to expedite the implementation of the agreement for the export of Iraqi crude gas surplus from the need of Iraq from Rumaila field to Kuwait," the statement quoted the ministry as saying. 
He added that "the Joint Committee has completed all the procedures related to this and is now putting the final touches for the implementation of the Convention in the near future." 
"The agreement provides for the export of [50] million standard cubic feet per day of raw gas from Rumaila field in the province of Basra within the first phase up to 200 million standard cubic feet per day within the second phase of the Convention."
Meanwhile , Oil Minister Jabbar Ali Allaibi welcomed the ratification by the Kuwaiti side of the memorandum of understanding signed between the Iraqi ministries of oil and the oil of Kuwait and the issuance of an Amiri decree approving the listing matches the memorandum on the development and exploitation of the joint border fields to serve the interests of both countries. " 
Promised oil minister" so great accomplishment achieved After decades of putting things in perspective and contributing to the settlement of all outstanding issues between the two countries and working to strengthen bilateral relations between the two countries and expand investment opportunities and prospects for joint cooperation. " 
Al-Allaibi praised the position of Kuwaitis and their sincere desire to Help hard and harness all the possibilities available to support Iraq and its people. "
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5 hours ago, yota691 said:

"The joint technical committee between Iraq and Kuwait has taken advanced and important steps to expedite the implementation of the agreement for the export of Iraqi crude gas surplus from the need of Iraq from Rumaila field to Kuwait," the statement quoted the ministry as saying.

 

"Implementation"!  Snow's favorite word here in DV!!! :twothumbs:

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(by don961)

Iraqi oil: the completion of important steps to implement the agreement to export gas to Kuwait

In the economy of 22 September, 2017 

 
IMG_8488-1-300x189.jpg
Baghdad / SNG
 

Iraqi oil minister Jabbar Ali Hussein al-Allaibi said on Friday that the joint technical committee between Iraq and Kuwait has taken advanced and important steps to expedite the implementation of the agreement to export Iraqi crude gas surplus from the Rumaila field to Kuwait.

"The Joint Committee has completed all relevant procedures and is now finalizing the implementation of the Convention in the near future," Al-Luaibi said in a statement.

He added that "the agreement provides for the export of 50 million standard cubic feet per day of raw gas from Rumaila field in the province of Basra within the first phase up to 200 million standard cubic feet per day within the second phase of the Convention."

Al-Luaibi described the Kuwaiti side's endorsement of "the great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two countries and enhances bilateral relations and expand investment opportunities and prospects for joint cooperation."

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17 minutes ago, ChuckFinley said:

Thanks Yota and Thug. This could be the driver that gets this done. :twothumbs:

 

 

Exciting times Chuck, like you said several times... this could be it !!

 

     pp

Edited by pokerplayer
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2 minutes ago, pokerplayer said:

 

 

Exciting times Chuck, like you said several times... this could be it QQ

 

     pp

You can say that. Most excitement we have had in a looooooooong time. This just maybe coming to an end. 

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1 hour ago, ChuckFinley said:

You can say that. Most excitement we have had in a looooooooong time. This just maybe coming to an end. 

Keeping the faith!!!  Yes indeed, keeping the faith!!! :praying:

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Just now, Freedomwish said:

Keeping the faith!!!  Yes indeed, keeping the faith!!! :praying:

You have to. It is to easy to beat yourself down in this investment.   :bump: :praying:

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DT Thanks, DV,   Excellent news Iraq & Kuwait playing nice in the "Sandbox".  Let's pray the UN fully release Iraq from Ch7 to Article 8 ASAP.

 

GO HCL

 

GO RV / RI

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7 minutes ago, ChuckFinley said:

You have to. It is to easy to beat yourself down in this investment.   :bump: :praying:

Yes sir brother Chuck, thanks man :praying::hug:

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Just now, murd11 said:

Yes, makes you wonder how they export- import with such a difference in what their monies are worth! eh

Was thinking the exact same thing murd11

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Very careful to not mention a date on when all this will start.

have to agree the rate has to change before the gas changes hands.

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3 minutes ago, Miamiheatnic said:

Do you guys think this RV is going to happen this weekend??

 

I am sorry Miamiheatnic, I do not. While I would love to be wrong, I just don't see it happening.

 

  Sorry, but you did ask.

 

   pp

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2 hours ago, tigergorzow said:

DT Thanks, DV,   Excellent news Iraq & Kuwait playing nice in the "Sandbox".  Let's pray the UN fully release Iraq from Ch7 to Article 8 ASAP.

 

GO HCL

 

GO RV / RI

This might be the catalyst to show the UN that they will be can make arrangements to repay the 5 billion and Kuwait has agree to it.  That would get them over the top.  

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13 hours ago, yota691 said:

contributes to the settlement of all outstanding issues between the two countries

 

This could be the final ink on paper and the closing mechanism on the remaining Iraq's debt to Kuwait, required by UNSC to lift Iraq out of chapter 7 completely.

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2 hours ago, zul said:

 

This could be the final ink on paper and the closing mechanism on the remaining Iraq's debt to Kuwait, required by UNSC to lift Iraq out of chapter 7 completely.

That is a pretty big statement.  I am hoping it is enough to push this over the top. 

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The cool portion of this, is that natural gas is seldom used in the valuation of Iraq's wealth when I have looked at the viability of this thing. At one time they burning it off and it appeared that they did not even care. The natural gas alone could bring the infrastructure into being ready to support advancement.

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1 hour ago, moneysoon said:

The cool portion of this, is that natural gas is seldom used in the valuation of Iraq's wealth when I have looked at the viability of this thing. At one time they burning it off and it appeared that they did not even care. The natural gas alone could bring the infrastructure into being ready to support system" rel="">support advancement.

 

Iraq has soooo much Natural Gas it's coming outta their . . . .Well, they don't need to Burn $$$$. Folks from all over use natural Gas. :tiphat:

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