Parliamentary oil: the government to accelerate the implementation of the extension of pipelines

[yota691]

Saudi energy minister to visit Iraq next Saturday

 

Economy News _ Baghdad   Saudi Arabia's minister of energy and mineral wealth, Khalid al-Faleh, will visit Iraq on Saturday, the Saudi daily Okaz reported on Wednesday.   "Minister of Energy, Industry and Mineral Resources Khalid Al-Falih is visiting four countries, starting in Algeria on Wednesday to discuss a number of issues in the sectors of energy, industry and mineral wealth," the paper said in a report.   The newspaper added that "Al-Faleh will meet with the President of the Republic of Iraq next Saturday, to open the exhibition of the export authority, as well as visit Kazakhstan and Malaysia."   The newspaper pointed out that "Al-Faleh discussed earlier with the Iraqi oil minister efforts to stabilize the oil markets during their meeting in the Kingdom in early August last."   Views 15   Date Added 18/10/2017

[Donziman]

Funny how this is all working out. Oil price.com reports iraq government ask

BP to quickly restart oil wells in Kirkuk one day after iraq army retakes the area

from Kurdish fordes. Looking for additional 1 million BPD.

[skeetdog]

Thanks Yota...It's great to hear the relationship between Saudi Arabia and Iraq are growing stronger...As with Kuwait, these two neighboring border countries are key for a prosperous success of Iraq's economy throughout the newly established private sector...

[ChuckFinley]

13 hours ago, skeetdog said:

Thanks Yota...It's great to hear the relationship between Saudi Arabia and Iraq are growing stronger...As with Kuwait, these two neighboring border countries are key for a prosperous success of Iraq's economy throughout the newly established private sector...

Agree here Skeetdog, strength in numbers.  

[yota691]

Saudi oil minister arrives in Baghdad for official visit

 Since 2017-10-21 at 10:57 (Baghdad time)

Baghdad - Mawazine News

Saudi Oil Minister Khalid al-Falih arrived in Baghdad on Saturday for an official visit.

"Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit," a source familiar with the report said.

The two sides are scheduled to discuss bilateral relations. Ending 29 / p

[yota691]

Saudi-Iraqi agreement to ensure stability of the oil market

Published: 21.10.2017 | Are GMT 09:13 |

Reuters

Archive - Saudi and Iraqi oil ministers

 

Saudi Arabia and Iraq, OPEC's top oil producers, agreed on Saturday to cooperate in implementing the Organization of Petroleum Exporting Countries (OPEC) resolutions on reducing crude supplies to markets to ensure their stability.

The Saudi Minister of Energy and Mineral Resources, Khaled Al-Faleh, arrived earlier in the day to Baghdad , on a visit during which he discussed with his Iraqi counterpart Jabbar al-Luaibi the situation in the energy market and bilateral relations.

Al-Falih, in a statement issued by the Iraqi Oil Ministry, said during his meeting with Al-Allaibi on "the depth of bilateral relations and joint coordination in all fields, including decisions on reducing production."
 

The Iraqi Oil Ministry said that "the Coordination Council between the two countries will develop appropriate mechanisms to accelerate the realization of economic partnership and activate cooperation and economic integration."

The ministry also noted that relations between the two countries are witnessing steady growth in all fields.

 It is expected that the Iraqi and Saudi ministers will hold a press conference on Saturday, according to the Iraqi Oil Ministry announced on Friday.

Al-Falih visited Baghdad in May, during which he discussed ways to strengthen relations between the two countries and the issue of the oil market and its developments.

 

Source: Agencies

Fred Geerley

[yota691]

Saudi oil minister arrives in Baghdad for official visit

Release date: 2017/10/21 11:10 • 89 times read

[Ain-Baghdad] 
Saudi Oil Minister Khalid Al-Falih arrived in Baghdad on an official visit

 

[yota691]

Iraqi-Saudi cooperation to improve the oil market

22/10/2017 12:00 am   Baghdad / Follow-up Farah Al-Khafaf Iraq and Saudi Arabia agreed to strengthen the economic ties in the next phase, through the establishment of appropriate mechanisms to accelerate the achievement of economic partnership and activate cooperation and economic integration, as well as discuss the conditions of the oil market and push them to improve. Economic partnership The agreement came after the visit of Saudi Oil Minister Khalid al-Falih on Saturday on the sidelines of the Baghdad International Fair for the 44th session, in which both sides stressed the importance of cooperation between the two countries. The two sides, OPEC's top oil producers, have also agreed to cooperate in implementing the decisions of the Organization of Petroleum Exporting Countries (OPEC) to reduce crude supplies to markets to ensure their stability.   The Ministry of Oil said in a statement received "morning" a copy of it that "the Coordination Council between the two countries will develop appropriate mechanisms to accelerate the realization of economic partnership and activate cooperation and economic integration." Joint coordination confirmed al - Faleh, according to the statement , " the depth of bilateral relations and joint coordination in all fields , notably the decisions related to the reduction of production." Al-Falih visited Baghdad and discussed with him his Iraqi counterpart Jabbar al-Luaibi the situation in the energy market and bilateral relations, as well as ways to strengthen relations between the two countries. He is also the first Saudi official to give a public speech in Iraq for several decades. The oil market , praised Al - Faleh , in a speech at the opening of the Baghdad International Fair in cooperation between the two countries , saying: " A good example of the importance of cooperation between our two countries and coordination is the direction of the oil market conditions towards the improvement and stability . "  The Ministry of Oil pointed out that relations between the two countries are witnessing steady growth in  all fields

[yota691]

Iraq agrees with Saudi Arabia to extend oil pipeline to the Red Sea

 

 Since 2017-10-22 at 12:18 (Baghdad time)

Special - Mawazine News

The visit of the Minister of Industry, Energy and Petroleum Khalid Al-Falih to Iraq is an important step to open the prospects for joint economic cooperation between the two countries, adding that it will increase oil exports by extending the oil pipeline to the Red Sea .

"The visit of Prime Minister Haider al-Abbadi to the Saudi monarch came in the light of the visit of the Saudi Minister of Oil, through which coordination of exemplary, economic, oil, political and security relations between the two countries was held, " MP Jasim Mohammad Jafar told Mawazine News .

"There is a database agreed between Iraq and the Kingdom, the most important of which is the extension of the oil pipeline to the Red Sea and the increase in oil exports," Jaafar said, calling on other parties to visit Saudi Arabia .

"Iraq has now become a country of economic importance after it managed to expel Daqash, as well as the quiet administration of my slaves," he said, adding that "Saudi Arabia has also managed during this period to change some of its policy and administration . "

Saudi Energy Minister Khalid Al-Falih affirmed his country's full support for Iraq in its fight against terrorism and the Kingdom's readiness to develop and expand cooperation in the oil field. He also stressed the importance of coordination between the two countries on ways to support oil prices in world markets.

Abadi arrived in Riyadh on Saturday, heading a high delegation to participate in the official launch of the Council.

King Salman Al-Abbadi met at the Al-Auja Palace yesterday evening and held a dinner in honor of him and his accompanying delegation. The Prime Minister's visit to Saudi Arabia comes within the framework of a regional tour.

[Wiljor]

Iraq, October 22, 2017 

The President of Iraq Fuad Masum reiterated Saturday his country's keenness to increase cooperation with Saudi Arabia in various fields.
Masum made his remarks while meeting with Saudi Minister of Energy, Industry, and Mineral Resources Khalid Al-Faleh in Baghdad.
He called for boosting Iraqi-Saudi ties in energy, investment, tourism, and economy fields, in addition to enhancing the two country's cultural and academic cooperation.
Masum also expressed keenness to bolster the two countries' coordination in the energy field under the framework of the Organization of Arab Petroleum Exporting Countries (OAPEC).
He also stressed the importance of exchanging experiences with Riyadh to support prices in oil global markets.
He also expressed Baghdad's desire to benefit from the Saudi expertise in the petroleum industries field.
Meanwhile, Masum affirmed his country's determination to eliminate the so-called Islamic State (IS) permanently, evict last remaining members of the terrorist group from all areas they controlled, and build a free, democratic, federal, and prosperous Iraq.
For his part, Al-Faleh handed a letter by Saudi King Salman bin Abdulaziz and conveyed Crown Prince Mohammad Bin Salman's greetings to the Iraqi President.
He also conveyed their congratulations for the recent victories attained by the Iraqi people over terrorism.
Moreover, the Saudi minister reiterated his country's full support of Iraq in its ongoing war against terrorism, and willingness to expand cooperation with Baghdad in the oil field.

KUNA

 

http://iraqdailyjournal.com/story-z16082544

[TexasMike1958]

3 hours ago, yota691 said:

Iraqi-Saudi cooperation to improve the oil market

22/10/2017 12:00 am   Baghdad / Follow-up Farah Al-Khafaf Iraq and Saudi Arabia agreed to strengthen the economic ties in the next phase, through the establishment of appropriate mechanisms to accelerate the achievement of economic partnership and activate cooperation and economic integration, as well as discuss the conditions of the oil market and push them to improve. Economic partnership The agreement came after the visit of Saudi Oil Minister Khalid al-Falih on Saturday on the sidelines of the Baghdad International Fair for the 44th session, in which both sides stressed the importance of cooperation between the two countries. The two sides, OPEC's top oil producers, have also agreed to cooperate in implementing the decisions of the Organization of Petroleum Exporting Countries (OPEC) to reduce crude supplies to markets to ensure their stability.   The Ministry of Oil said in a statement received "morning" a copy of it that "the Coordination Council between the two countries will develop appropriate mechanisms to accelerate the realization of economic partnership and activate cooperation and economic integration." Joint coordination confirmed al - Faleh, according to the statement , " the depth of bilateral relations and joint coordination in all fields , notably the decisions related to the reduction of production." Al-Falih visited Baghdad and discussed with him his Iraqi counterpart Jabbar al-Luaibi the situation in the energy market and bilateral relations, as well as ways to strengthen relations between the two countries. He is also the first Saudi official to give a public speech in Iraq for several decades. The oil market , praised Al - Faleh , in a speech at the opening of the Baghdad International Fair in cooperation between the two countries , saying: " A good example of the importance of cooperation between our two countries and coordination is the direction of the oil market conditions towards the improvement and stability . "  The Ministry of Oil pointed out that relations between the two countries are witnessing steady growth in  all fields

 

What in the name of Heaven and Earth is the Iraqi Parliament waiting for??  All of these positive articles and they wont even put the HCL on the agenda.  

[skeetdog]

Thanks Yota....Iraq needs to settle Article 140 to establish royalties that directly effect the HCL...is the way I understand the process...

[10 YEARS LATER]

2 hours ago, TexasMike1958 said:

 

What in the name of Heaven and Earth is the Iraqi Parliament waiting for??  All of these positive articles and they wont even put the HCL on the agenda.  

 

These are feckless & pathetic fools. Probably going to take Abadi jamming his " boot " (sandal, shoe-whatever) square up their Butts to get them to do what needs being done.

[yota691]

Deputy reveals the extension of oil pipelines across Saudi Arabia to Egypt

Release date: 2017/10/22 20:59 • 160 times read

The deputy of the National Alliance, Jassem Mohammed Jaafar, for the extension of oil pipelines through Saudi Arabia to Egypt and from Iraqi territory to the port of Aqaba in Jordan.

"There is a qualitative shift in the relations between Iraq and Saudi Arabia, and there is a Saudi demand to strengthen the relations between the two countries," Jaafar told AFP. 
He added that "the Iraqi-Saudi Coordination Council will work to strengthen economic relations both in the opening of crossings or to create a partnership between Iraqi and Saudi companies and activate the work within the scope of oil." 
He added that "Iraq after having spent on the support and management of the country despite his difficult economy has had an impact on the countries of the region," noting that "the presence of many requests from several countries to strengthen relations with Iraq and this message that Iraq is able to attract the economic and political movement and a model to eliminate the" . 
He stressed that "the Iraqi experience in the defeat of Da'ash and its management of the country's economy is a good experience for the exchange of data bases between countries," revealing "

[yota691]

2017/10/22 (00:01 PM)   -   Number of readings: 368   -   Number (4047)

 

 

Saudi Energy Minister: We will develop appropriate mechanisms to achieve economic partnership with Iraq

Range / Zahraa Al Jassim 
 

الل Allaibi: relations between the two countries are witnessing steady growth in the sectors of energy, oil and trade

 

The Iraqi Minister of Energy said that the relations between Iraq and Saudi Arabia are witnessing "steady growth" in the sectors of energy, oil, trade and industry. That "the Coordination Council between the two countries will develop appropriate mechanisms to accelerate the realization of economic partnership and activate cooperation and economic integration."

The Iraqi oil ministers Jabbar al-Luaibi and Saudi Khaled al-Faleh were scheduled to hold a conference during the latter's visit to Iraq on Saturday, but Al-Faleh outlined in a speech during the opening of the Baghdad International Fair the nature of the Iraqi-Saudi relations, Iraq is a key market for Saudi exports, and the latter should try, according to the minister, to enter within the context of Iraq reconstruction and support sustainable development in Iraq to create an Iraqi market as a promising market for Saudi products that will compete with international products. 
Al-Falih is the first Saudi official to make a public speech in Iraq for decades, after the two countries began in 2015 to take steps to improve relations after troubled relations over more than 25 years since the Iraqi invasion of Kuwait in 1990.
The Minister of Energy and Mineral Resources Khalid Al-Falih arrived in Baghdad on Saturday, while the Iraqi Oil Ministry invited the media to attend a joint conference of the Iraqi oil minister with his Saudi counterpart, in conjunction with the launch of the Baghdad International Fair at its 44th session. 
The Minister of Petroleum and Energy Khalid Al-Falah said in his speech that the volume of trade exchange with Iraq amounted to 170 billion riyals, stressing at the same time the "depth of bilateral relations and coordination in all areas, including decisions on reducing production." 
Iraqi Oil Minister Jabbar al-Luaibi said after Iraq's minister of energy, industry and mineral wealth Khaled al-Falah arrived in Baghdad that Iraq's relations with Saudi Arabia were witnessing "steady growth" in all fields, despite the energy, oil, trade and industry sectors.
Al-Faleh's visit to Baghdad comes within the framework of the Coordinating Council between the two countries, which will develop the appropriate mechanisms to speed up the partnership Economic cooperation and cooperation and economic integration, as agreed between Saudi Arabia and Iraq, the leading producers of oil in OPEC, to cooperate in the implementation of decisions of the Organization of Petroleum Exporting Countries in relation to reducing the supply of crude to markets to ensure stability 
The Ministry of Oil in its statement: The Minister of Energy S Awdi Khalid al-Faleh and his Iraqi counterpart Jabbar al-Allaibi met in Baghdad and agreed to cooperate in the implementation of OPEC decisions related to the reduction of global supplies of crude oil.
On this visit and its importance, says oil expert Dhurgam Mohammed Ali in an interview for "(to the extent), it is very important that Saudi Arabia and Iraq, the largest producers in OPEC, which must coordinate policies from time to time to keep oil prices from deteriorating, The joint positions and the search for export outlets and the possibility of cooperation through the creation of new ports for export in order to increase the market quotas of the OPEC countries in order to maintain the global market and the size of supply and find a real balance between supply and demand to achieve growth in the OPEC countries to be a leader of the production process in the world, Large in the pit At quotas and maintaining prices, but now these effects have fallen to lower levels than previously, Mstrsla:
The Organization of Petroleum Exporting Countries (OPEC), announced on Saturday, the decline of oil exports to 55.52 dollars per barrel.
Ali pointed out: the need to discuss several files in this visit as the file of production and the file of the embarrassment of OPEC and make it take a leading role again in the global oil market, in addition to the new rules and policies should be discussed to manage this organization to maintain prices in addition to the attempt to polarize and inclusion The other two countries from outside the OPEC and to encourage them to enter OPEC in order to formulate a global policy for producers better than currently exist, with the need to discuss the joint files on export outlets and alternative emergency outlets in the event of crises in the region because it is a region experiencing constant tensions, The pleasures of the biggest potential of Iraq, they are overlooking the Red Sea and the Arabian Gulf, which is poised to establish new ports and give Iraq an area of export across the Red Sea through the pipeline in order to export Iraqi Saudi.
On May 22, 2017, Al-Faleh visited Baghdad and discussed with the Iraqi Oil Minister and a number of Iraqi government officials the strengthening of bilateral relations between the two countries and the subject of the oil market and its developments. 
In a related context, the Oil Ministry announced on Saturday, pumping 200,000 barrels of crude oil through southern ports, indicating that this was compensation for exports of the north. 
Between the oil minister Jabbar Ali al-Allaibi in a statement received (range) a copy of it that "the Basra oil company began pumping 200 thousand barrels of crude oil per day from the fields of the center and south in addition to the rate of daily oil exports of more than 3 million and 200 thousand barrels, Exported via southern ports ".
Al-Allaibi said that "the decision was taken to compensate for the quantities lost by Iraq as a result of the decline of oil exports from the northern fields through the port of Ceyhan, Turkey because of law enforcement operations in Kirkuk and a number of northern provinces." 
He added that "these exports will not affect the commitment of Iraq to the decision to reduce production and the ministry is keen to speed up the development of solutions and treatments for oil fields and facilities in the province of Kirkuk, Nineveh and Salahuddin. " 
For his part, said spokesman Assem Jihad, "The Minister of Oil has directed officials and oil companies to accelerate the process of evaluating the pipeline of oil exports Kirkuk - Ceyhan and the pipeline to transport crude oil Kirkuk - Baghdad and rehabilitation."
In the context of increasing Iraq's oil exports from the south 200 thousand b / d to compensate for shortages of Kirkuk fields, says oil expert Dhargham Muhammad Ali: This is not contrary to the agreement between Iraq and Saudi Arabia now to reduce the supply of oil, because this increase comes to compensate for the shortage of Kirkuk fields , Because these fields were included within the quantity exported from Iraq for oil, meaning that it is within the market share of Iraq, so the suspension of export from the fields of Kirkuk gives us flexibility to increase our exports from the south, and this is a correct process to maintain a stable level of exports, especially that Iraq needs to Oil revenues, so as not to exceed any Du Iraq's share of which stopped oil from Kirkuk on.

[Butifldrm]

Al-Nasiri: The emergence of the Iraqi-Saudi Coordination Council supports investment and reconstruction

 

money and business

Economy News _ Baghdad The Economic and Financial Adviser to the Association of Iraqi Private Banks Samir Al-Nusairi confirmed on Monday the emergence of the Coordinating Council for the joint cooperation between Iraq and Saudi Arabia in all fields, especially in the promotion of economic, investment and trade relations, which was signed by Prime Minister Haidar Al-Abadi and King Salman bin Abdul Aziz yesterday in Riyadh, Will strengthen the bilateral economic relations with the Saudi sister and lay the foundation for building strategic cooperation relations with the Arab countries, especially the Gulf States and embodies a new launch of the strategy of investment and reconstruction and sustainable development of For years (2018-2022). Al-Nusairi said in an interview with "Economy News" that "the Prime Minister's visit to the large Iraqi delegation, which consists of ten ministers and sixty advisers in all specialties, is a clear indication of the joint approach to building strategic joint relations in the areas aimed at the parties and what interests Iraq attract The Arab investment and the implementation of infrastructure projects and the reconstruction of cities affected by the terrorist da'ashi and chart the way to start at a steady pace to return Iraq to its Arab depth. Al-Nusairi called for "benefiting from the broad participation of the Saudi economic delegation, which is currently in doubt in the 44th session of the Baghdad International Fair under the chairmanship of the Minister of Energy and the membership of 200 businessmen and the director of the Foundation and the company and try to sign agreements with them to implement the provisions of the formation of the Coordination Council, especially in the economic and banking, "The economic and financial delegation of the government and the Iraqi private sector, who will visit Saudi Arabia in the coming weeks to activate the agreements and start effective cooperation and benefit from openness in the Iraqi-Saudi relations in all political, security, economic and Development of a special form of banking and activating their relations and joint cooperation in foreign and stimulate investment and encourage companies to invest in Iraq's banking transactions. " The Iraqi economy is currently undergoing an important transition phase after achieving the victory over terrorism, which is to leave the crisis stage to the stage of security and economic stability, especially after the opening of the international, regional, Gulf and Arab broad on Iraq and the beginning of building new political, security and economic relations which started at the beginning of the second half of this year 2017 What concerns us here is the future of international economic, financial and banking relations in general and with the Arab Gulf countries in particular and some Arab countries with an influential economic depth and extending bridges of relations with them in order to serve to open new horizons for communication and mutual exchange. The promotion of Arab investment in Iraq, the development of infrastructure and banking technology, the increase of inter-bank transactions and finding new ways to cooperate with the correspondent banks in those countries where the recent bilateral meetings between the Central Bank of Iraq and the relevant ministries and representatives of the Gulf countries who visited Iraq During the past two months and in partnership with the Iraqi private sector and in particular the private banking sector to draw up a roadmap for communication and joint coordination for the purpose of direct and actual implementation of what is reached from the general lines to build and restore the economic, financial and banking relations cut off for several decades. Where it was achieved and it was agreed on the development and open broad prospects for cooperation in the banking field and correct the previous tracks and overcome all the obstacles that stand in the way of building a healthy and sound banking relations. It was also agreed to be named a link between the Central Bank of Iraq and monetary institutions in the countries that met with their representatives.   http://economy-news.net/content.php?id=9497

Views 103   Date Added 23/10/2017

Edited October 23, 2017 by Butifldrm

[yota691]

Parliamentary oil: the government to accelerate the implementation of the extension of pipelines

 

Economy News _ Baghdad The oil and energy parliamentary committee demanded the need to have a real direction towards the implementation of the extension of oil pipelines to a new direction and not to maintain specific routes to prevent the vulnerability internally and externally. The head of the oil and energy parliamentary committee Ali al-Bahadli said in an interview with "Economy News" that Iraq depends on the export of oil according to the first two lines across the Gulf through the floating platforms and the second through Turkey, and this is a danger that the government should be warned that this affects the security and political conditions of the region . Al-Bahadli added that the oil ministry has sought to implement two additional lines to diversify the oil exports through the Saudi and Jordanian countries. This is a step in the right direction and should be accelerated, implemented and not tarnished.   Views 166   Date Added 26/10/2017

[yota691]

The parliamentary oil committee: The government should speed up the implementation of the extension of oil pipelines

By

 rami

 -

October 26, 2017

15

0

 

 

 

The oil and energy parliamentary committee demanded the need to have a real direction towards the implementation of the extension of oil pipelines to a new direction and not to maintain specific routes to prevent the vulnerability internally and externally.
The head of the oil and energy parliamentary committee Ali al-Bahadli said in an interview that Iraq depends on the export of oil according to the first two lines across the Gulf through floating platforms and the second through Turkey, and this is a danger that the government should be warned of it being affected by the security and political conditions of the region.
Al-Bahadli added that the Ministry of Oil has sought to implement two additional lines to diversify oil exports through the Saudi and Jordanian countries. This is a step in the right direction and should be accelerated, implemented and not backed up.