Oil Minister: We are ready to dialogue with Kurdistan to settle the oil files

[yota691]

Sudan: The government has passed important laws to revive the economy and investment

19/9/2017 12:00 am  Participated in the Iraqi - UAE Trade Forum  Baghdad / Sabah Minister of Industry and Minerals Mohammed Shiaa al-Sudani said that the Iraqi government and people appreciate all the supporting positions in the fight against terrorism.  "The Iraqi government and people appreciate the positions of our brothers in supporting the fight against terrorism and affirms pride in his relations with his brothers and neighbors," al-Sudani said during a speech at the Iraqi-UAE Trade and Investment Forum, which opened yesterday in the United Arab Emirates. Today is open to all and extends the hand of friendship and cooperation for the prosperity and well-being of its people and all the peoples of the region, "pointing out that" the economic relations of Iraq - the UAE is witnessing remarkable development, reflecting the capabilities and opportunities enjoyed by the countries, "stressing at the same time," the Iraqi government's keenness on Yeh and the development of these relations and upgrade them to the highest levels in all areas and sectors. " Al-Sudani stressed that this forum represents an important opportunity and an important event to complement the successful visits of officials in both countries and reflects the important role of businessmen and trade and investment missions in improving and deepening relations and adopting new initiatives between the two countries' business communities. And worked on the issuance of laws and legislation to serve the private sector and industrial work and investment to improve the business environment and to stimulate and encourage investors, noting that of these important economic decisions, the formation of the Higher Committee for Investment and Reconstruction headed by the highest o Plan an operational state support and protection of investors.

[yota691]

Oil Minister: ready for dialogue with the Kurdistan region to settle the oil files 12:16 2017/09/19 sweeteners number of reading 99 c Baghdad Today ***************************Follow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Site doesn't allow copy to paste....                                                           

[gregp]

GM, Yota. 

I smell an HCL.

As Money would say, " the big dance".

Thanks!

👍👍👍

RV 🚂🚂🚂🚂🚂

[yota691]

GM gregp and all of DV, Hopefully this subject will spread to other news outlet soon. This site use to allow copy and paste an they just recently change it. This site usually is ahead of others for news reporting and somewhat legit non biased IMO!! 

[Flamtap]

Let's all hope that this is the last hoorah! Thanks Yota

[gregp]

Awesome news, Yota! You rock!

[gregp]

37 minutes ago, yota691 said:

GM gregp and all of DV, Hopefully this subject will spread to other news outlet soon. This site use to allow copy and paste an they just recently change it. This site usually is ahead of others for news reporting and somewhat legit non biased IMO!! 

 

Baghdad today

Oil Minister Jabbar al-Allaibi announced on Tuesday the readiness of the federal government in Baghdad to start a process of negotiations with the Kurdistan Regional Government on the oil files.

"His country is ready to engage with Kurdistan to settle the oil files," he said. "Iraq needs a barrel price of 55-60 dollars to be a better financial situation."

Al-Allaibi expected global oil demand growth from 1.3% currently to 4% in early 2019.

During an energy conference in the UAE earlier in the day, al-Allaibi said Iraq did not see oil producers needing further cuts in crude production.

[gregp]

I emailed myself the article and it allowed me to copy. 👍👍

[yota691]

Thanks gregp I'll remember that!!!

[gregp]

12 minutes ago, yota691 said:

Thanks gregp I'll remember that!!!

 

You're awesome!!

[presence]

Good morning DV - and thanks again for the awesome posts and effort Yota- much appreciated.

 

i like the timing of this article immensely- a common statement of mine as of late- which shows a lot of positive and consistent inertia against the stagnation that's existed for far too long between the Kurds and Baghdad. There's more than enough to go around, financially speaking, without the need for corruption, so hopefully this is finally it!  Go RV!!!

[justchecking123]

1 hour ago, yota691 said:

GM gregp and all of DV, Hopefully this subject will spread to other news outlet soon. This site use to allow copy and paste an they just recently change it. This site usually is ahead of others for news reporting and somewhat legit non biased IMO!! 

I've always figured you knew these source's "legitimacy". Thanks for your tireless research and news reporting. Much respect. 

[Butifldrm]

Iraq 's oil economy is ready to settle differences with Kurdistan

 

 Twilight News    

 

 one hour ago

 

 

(Reuters) - Iraqi Oil Minister Jabbar al-Luaibi said on Tuesday that he was ready for dialogue with the Kurdistan Region of Iraq to settle oil files.

Al-Luaibi said his country needs oil prices between $ 55 and $ 60 a barrel in order to reach a better financial situation, according to the CNBC website.

At an energy conference in the UAE earlier on Tuesday, al-Allaibi said Iraq did not see oil producers needing further cuts in crude production.

 http://www.shafaaq.com/ar/Ar_NewsReader/3e92a5d2-ec69-4c98-8950-81c70c5452f4

[yota691]

Oil Minister: We are ready to dialogue with Kurdistan to settle the oil files

 

Tuesday 19 September

 

 

 

Alsumaria News / Baghdad  Oil Minister Jabbar al- Allaibi, on Tuesday, the readiness of the central government for dialogue with the Kurdistan region for the purpose of "settlement of oil files."  Al-Allaibi said in a statement to the channel "cnbc Arab", followed by Alsumaria News, "Baghdad is ready to dialogue with Kurdistan to resolve the oil files," noting that " Iraq needs a barrel price between 55 - 60 dollars to be a better financial situation." "The growth of global oil demand from current 1.3% to 4% after 2019," predicted Allaibi.     The origin of the renewed old dispute between the governments of Baghdad and Erbil to the oil contracts concluded by the province, which Baghdad considers illegal, while the region says it is based on the Iraqi constitution and bilateral agreements with the federal government.

[The Englishman]

KRG referendum won't impact Iraqi oil production, says minister

 

Next week's poll a "political" issue says Jabar Al Luaibi at UAE conference

 

LeAnne Graves

September 19, 2017

Updated: September 19, 2017 04:54 PM

 

Minister of Oil for Iraq Jabar Al Luaibi speaking at the Gulf Intelligence Energy Markets Forum in Fujairah. Antonie Robertson / The National

Kurdistan’s independence referendum won’t impact Iraq’s oil production, but Baghdad will guard its national interest, Iraq’s oil minister Jabar Al Luaibi said on Tuesday.

“There is no relation between the Kurd referendum and the production of Iraq Jabar Al Luiebi said on the sidelines of the Energy Markets Forum in Fujairah. The issue is “political,” he said.

The Kurdistan Regional Government (KRG) will hold a referendum on September 25. Iraqi Prime Minister called on the region’s government to suspend the poll, saying it “threatens Iraq’s national security.”

The United Nations, Turkey, Iran and the US have all urged the KRG to resolve issues with Baghdad via negotiations rather than secession.

 

“We are interested in guarding our interest as a country,” said Mr Al Lueibi. “We hope the Kurds will change for the interest of Kurdistan as well as Iraq and the region.”

But Mr Al Lueibi said that the Iraqi government was taking steps not to magnify areas of difference with the KRG government, especially the treatment of oil fields in the Kirkuk region.

“We hope that things will be settled in a wise political decision,” he said.

If it goes ahead, the referendum is expected to have a minimal impact on the oil prices. 

"The immediate impact of the referendum on the market will likely be marginal given

"The global market is currently well supplied and we do not expect any processes to initiate the secession of Kurdistan following the vote," said BMI Research yesterday. 

"According to our estimates, less than 12 per cent of Iraq's oil output, around 500,000 barrels per day is currently produced in the Kurdistan region.

 

The KRG in recent weeks has resolved a series of its disputes with oil and gas firms ahead of next week’s vote. The authority agreed to pay US$1 billion and a further $1.3bn in future receivables to the Peal Petroleum consortium, led by the UAE’s Dana Gas, bringing  to an end a dispute over payments launched in 2013.

Norwegian firms Genel Energy and DNO also reached a settlement agreement with the KRG in August over outstanding payments owed from 2014/15.

Meanwhile, Mr Al Lueibi said that some oil producers have raised the prospect of deepening production cuts by a further 1 per cent to further boost prices.  

“There are some thoughts and ideas, but no firm decision has been taken,” he said. “The dynamo of the decision is the oil market, the prices and the stability of it.”

Mr Al Lueibi said that Iraq has spent around 30-40 per cent of its oil revenues on its fight against ISIL. 

“The cost was high and we paid the price,” he said.

[yota691]

Al-Allaibi: We are ready for dialogue with Kurdistan on oil

 

 Since 2017-09-19 at 15:01 (Baghdad time)

Baghdad Mawazine News

Oil Minister Jabbar al-Allaibi said on Tuesday that he is ready for dialogue with the Kurdistan region of Iraq to settle the oil files.

"Iraq needs oil prices between $ 55 and $ 60 a barrel in order to reach a better financial situation," al-Allaibi said. According to the CNBC television website.

"He is ready for dialogue with the Kurdistan region of Iraq to settle the oil files."

At an energy conference in the UAE earlier on Tuesday, al-Allaibi said Iraq did not see oil producers needing further cuts in crude production.

[Half Crazy Runner]

4 hours ago, justchecking123 said:

I've always figured you knew these source's "legitimacy". Thanks for your tireless research and news reporting. Much respect. 

 

I second that! So many thanks due to yota as well as all the others that bring the news stories over daily!!

 

[lupine49]

Ready to dialogue with Kurdistan?  Sounds like more delaying tactics to me.  All they want to do is talk and accomplish nothing.

[nor]

we trust your info goodjob

[nor]

5 minutes ago, lupine49 said:

Ready to dialogue with Kurdistan?  Sounds like more delaying tactics to me.  All they want to do is talk and accomplish nothing.

settle means solving

[ChuckFinley]

7 hours ago, gregp said:

GM, Yota. 

I smell an HCL.

As Money would say, " the big dance".

Thanks!

👍👍👍

RV 🚂🚂🚂🚂🚂

Gregp, i hope you have exceptional olfactions.    

[Freedomwish]

C'mon HCL, c'mon HCL, c'monnnnnnnnnnn HCL......daddy needs a pair of new shoes.......and a new house lol 

[bkeiller]

This must be an aspect of the deal made with Barzani to push back the referendum? If so, a lot of leverage has been applied to move the HCL Leviathan towards a solution.     

                               

Then we can have a whale of a time, too ... ?

 

[tigergorzow]

Yota Thanks,  DV,  Time for dialogue have expired.  It is time to pass OIL & GAS,  NATIONAL OIL COMPANY LAW for all Iraqi citizens this week.  Git er done boys....😊😁

 

GO HCL

 

GO RV / RI

[Boozer]

I have been ready for Years ,, always a hold up its called Maliki,