Oil launches project to develop nine exploratory platforms with Kuwait, Iran and territorial waters

[yota691]

Allaibi: look with Iran and Kuwait, the division of joint oil fields produce agreement

Number of readers: 108

 

 

Allaibi: look with Iran and Kuwait, the division of joint oil fields produce agreement

 

25-06-2017 04:11 PM

 

Euphrates -

 

Oil Minister Jabbar Allaibi revealed ministerial committees continue to discuss with the states of Kuwait and Iran to reach an agreement on oil production joint oil fields between the two countries divided, pointing to his call for competent foreign companies to bid for the development of these fields.

Allaibi said in a press statement that Iraq shares with Kuwait Bhkulain oil fields are Ratqa and the Dome of Safwan and cut off talks with them a long way fast as he shares with Iran, with 11 or 12 oil fields and talks with them still in the early stages, indicating that the neighboring countries accelerated in the development of these fields for its part on the contrary, the Iraqi side due to the financial health and the economic crisis experienced by the country.

He Allaibi he made a decision to bring these fields to develop through national effort and also develop the effort of foreign, indicating that the national effort longer needs to develop these fields as a result of Iraq's financial crisis, which invited him to make a call to the relevant foreign companies to bid for the development of these fields.

[copper13]

Does this mean the HCL is done?

[yota691]

Iraq plans to Explorations new oil and gas in 9 patches

Oil prices

Economy News Baghdad: The Oil Ministry announced on Tuesday that it calls for international oil companies to submit applications to qualify to participate in a project to explore and develop eight patches on the border with Kuwait and Iran, in addition to other freely. Located on the Kuwaiti border and patches are the vegetable water and Jabal Sanam and Umm Qasr. The patches on the border with Iran is Sinbad where Sinbad field is located, and Hovaiza which is located "Hovaiza field and installation Hovaiza Southern," and Alhhbana, and Zurbatiyah, the oil box where the southern box oil installation and oil fields box and Naoduman Tal Ghazal is located. Marine area is the Arabian Gulf area, which lies within Iraqi territorial waters in the Gulf. Companies should wishing to submit all relevant documents, no later than 20 August. The ministry asks qualified companies to participate to submit proposals on business models for oil contracts.       Views 404   Date Added 11/07/2017

[Wiljor]

Evening Yota, ramping up business 

[Hotcurl]

The more oil reserves, the stronger the future income stream.

Just sayin' ................

Semper Fi

GO RV

[skeetdog]

Thanks Yota...The best way to generate capital in Iraq, is to simply punch another hole in the ground...

[Bama Girl]

It is always intriguing to me when I read of any kind joint business deal between Kuwait and Iraq. I believe presently Iraq uses the dollar for international business (if I am wrong about this, let me know 😊) but doubt Kuwait does. My intrigue is when their deals go forward, how will it work if their currency isn't equalized? 

[Wiljor]

Iraq, July 13, 2017 

Iraq says it will offer new oil and gas exploration rights as it looks to boost energy revenues to fund its war against the Islamic State group and shore up its finances amid low oil prices.

Oil Minister Jabar Ali Al-Luaibi said late Tuesday that his ministry plans to put nine border exploration blocks up for bidding by international energy companies. Five are shared with Iran, three with Kuwait and one is in the Persian Gulf.

He did not provide a timetable.

Iraq has the world’s fourth largest oil reserves. This year, it added 10 billion barrels, bringing its total reserves up to 153.1 billion.

Low oil prices have taken a heavy toll, as some 95 percent of the country’s revenues come from the energy sector.

ekurd

http://iraqdailyjournal.com/story-z15589748

[Jaygo]

Pass it???? 

[The Englishman]

JULY 30, 2017 / 2:55 PM / 2 HOURS AGO

Iran, Iraq moving closer to construction of Kirkuk pipeline: minister

 

 

BEIRUT (Reuters) - Iran and Iraq are moving closer to building a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran, Iranian Oil Minister Bijan Zanganeh said on Sunday after meeting his Iraqi counterpart Jabar al-Luaibi, according to the official news site of the Iranian oil ministry.

Agreements were reached between the two ministers about an international company that will carry out a feasibility study of the project, Zanganeh was quoted as saying in the SHANA report.

Iraq and Iran signed a memorandum of understanding in February to study the construction of the pipeline.

Separately, Zanganeh said Iran would begin exporting gas to the Iraqi city of Basra in coming months.

He said there had been some problems in receiving payments for current gas exports to Iraq via banks and that Iran was receiving cash payments.

Reporting by Babak Dehghanpisheh; Editing by Dale Hudson

[The Englishman]

Baghdad-Tehran Agree on Joint Investment in Two Oil Fields

 

 

 kurdibas

 30/07/2017 - 18:48

Economy

 

 

 

ERBIL— Iraq and Iran have reached an initial agreement for joint investment in two oil fields in Khanaqin and Basra, Iraqi oil minister stated Sunday.

Abdul-Jabbar al-Luaibi told reporters after meeting with Iranian official in Tehran that there is an initial agreement for investment in Naft Khana Oil Field in Khanaqin, in the central Diyala province) and Sindbad Oil Field, in southern Basra province.

Naft Khana Oil Field lies in a domain disputed by Kurdistan Region and Baghdad, where the Kurdish authority intends to run the independence referendum along the rest of the disputed areas as well as Kirkuk and the three provinces of the Kurdistan Region.

Luaibi also stated that they have agreed with the Iranian officials over forming a joint committee to study the prospect of transporting crude oil from Kirkuk to Iran refineries.

Currently the oil from Kirkuk is transported to the global market via the Ceyhan pipelines through Turkey.

[ChuckFinley]

Not a fan of anything related to Iran, but this may push the National Oil Company to get done.  Then the HCL to get approved. 

[Spider]

2 hours ago, ChuckFinley said:

Not a fan of anything related to Iran, but this may push the National Oil Company to get done.  Then the HCL to get approved. 

There are possibility that happened. Its better before 25 September when Kurdish want to do referendum.

[ChuckFinley]

19 minutes ago, Spider said:

There are possibility that happened. Its better before 25 September when Kurdish want to do referendum.

Hear you Spider. 

[yota691]

Oil announces initial agreement with Iran on joint investment in two oil fields

economy

 From 2017-07-30 at 17:28 (Baghdad time)

Baghdad - Mawazine News

Oil Minister Jabbar Ali al-Luaibi announced on Sunday an agreement with the Islamic Republic of Iran on a joint agreement on the joint investment of the two oil fields of Khanh in the province of Diyala and Sindbad in the province of Basra.

"It was agreed in principle to jointly invest and develop the two Khana oilfields in Diyala and Sindbad province in the province of Basra," Al-Luaibi said in a statement received by Mawazine News, adding that he hoped to sign the final agreement in the first quarter of next year.

"It is agreed to form a joint committee to study the possibility of exporting quantities of crude oil from Kirkuk fields to a refinery in Iran via a pipeline network," he said. Are created for this purpose. "

For his part, said spokesman Assem Jihad, said that "the two countries agreed to discuss and study the possibility of the Iranian side to invest gas associated with the oil operations of some small oil fields in southern Iraq in order to produce quantities of dry gas and liquids and condensates to cover the local need," adding that " Including cooperation in the fields of joint investment between the oil companies of both countries in order to improve the performance of national companies, as well as continued cooperation in the fields of training and infrastructure and supply of gas to power plants.

Oil Minister Jabbar al-Luaibi visited the Iranian capital Tehran on Saturday to discuss means of joint investment in energy, including oil and gas. Spokesman Assem Jihad revealed a planned visit to the Saudi capital Riyadh next August after receiving an invitation from the minister. His Saudi counterpart

[yota691]

Oil launches project to develop nine exploratory platforms with Kuwait, Iran and territorial waters

An Iraqi oil field

Economy News Baghdad: The Ministry of Oil announced on Monday the launch of a project to develop nine exploration sites in the border and maritime fields with Kuwait, Iran and regional waters with the Arabian Gulf.  The Ministry of Oil said in a press statement that "in implementation of the plans of the Ministry of Oil based on its policy and approach to the exploitation of hydrocarbon wealth and investment for the benefit of Iraq and its people, the ministry announces the launch of a project to explore, develop and produce a number of exploratory wells and oil fields border land and sea In southern and central Iraq. " She added that "the exploratory spots on the Iraqi-Kuwaiti border is the patch of water vegetables and the ridge of Mount Sanam and Umm Qasr," built that "exploratory spots located on the Iraqi-Iranian border are Sinbad, Hawizah, Shihabi, Zurbatiya and Neptaneh." She pointed out that "the Gulf region lies within the territorial waters of Iraq in the Arabian Gulf," explaining that "it includes the scope of the contracts of exploration and development of the production of these exploratory wells and oil fields on all exploration operations include surveys and the excavation of wells exploration and evaluation and the program of survey and clearance of mines and non-flooded bodies Production of crude oil and optimal utilization of free gas or associated gas. " The Ministry of Oil pointed out that "foreign companies are committed to provide funding, expertise, technology, equipment, machinery, services and qualified workers to carry out their contracts provided the use of Iraqi qualified workers," adding that "the Ministry will grant contracts of these patches and oil fields to pre-qualified foreign oil companies, Companies through competition. "     Views 9   Date Added 31/07/2017