Oil expert warns oil companies investing in the region and invite them to resort to Baghdad

[yota691]

19-10-2017 01:39 PM

Oil warns companies from contracting with any party without reference to the federal government

 

 

 

The Ministry of Oil warned on Thursday that all countries and international oil companies from contracting or agreement with any party inside Iraq without reference to it or the federal government. 

"The irresponsible statements made by some officials inside and outside Iraq or by foreign companies about their intention to contract or conclude oil contracts with this or that side within the geographical boundaries of the country without the knowledge of the federal government or the Ministry of Oil, Is a blatant interference in the internal affairs of Iraq and a reduction of national sovereignty and a clear violation of international norms'. 

He added that 'the federal government and the Federal Oil Ministry are the only parties that have the constitutional and legal powers in the conclusion of contracts and agreements relating to the development and investment of oil and gas wealth'.

He added that 'the government and the Ministry of Oil are responsible for drawing and developing strategies related to oil and gas wealth in accordance with the Constitution and the laws and powers and instructions in force, whether in the conclusion of agreements with countries or contracts with international companies, otherwise these agreements and contracts are illegal and non-binding to the Iraqi state and grant the right to the government and the ministry In taking legal action in domestic and international courts in order to protect national wealth '. 

The Minister of Oil stressed that 'the government and the Ministry of Oil are keen to provide a safe environment for the work of international companies and protect their investments throughout Iraq, including the northern provinces'. 

It is noteworthy that the Kurdistan region, signed a contract with Russia's Russian oil company, worth 400 million dollars, to begin the exploration in Erbil, and if successful start the company, according to local media.

[yota691]

Iraq warns foreign companies to conclude contracts without recourse to the government and the Ministry of Oil

- 10/19/2017 2:07:00 AM14 Number of readings

 

 

 

 

Khandan -

The Iraqi Oil Ministry strongly warned all countries and international oil companies from contracting or agreeing with any party within Iraq without reference to the federal government or the Ministry of Oil. 

"The irresponsible statements made by some officials inside and outside Iraq or by foreign companies about their intention to contract or conclude oil contracts with this or that side within the country's geographical borders without the knowledge of the federal government or the Ministry of Oil," Oil Minister Jabbar al-Allaibi said in a statement. , Is a blatant interference in Iraqi internal affairs and a reduction of national sovereignty and a clear violation of international norms. 

The Minister of Oil that "the federal government and the Federal Oil Ministry are the only entities that have the constitutional and legal powers in the conclusion of contracts and agreements that relate to the development and investment of oil and gas wealth."

Al-Allaibi said that "the government and the Ministry of Oil are responsible for drawing and developing strategies related to oil and gas wealth in accordance with the Constitution and the laws and powers and instructions in force, either in the conclusion of agreements with countries or contracts with international companies, otherwise these agreements and contracts are illegal and non-binding to the Iraqi state, And the Ministry to take legal action in domestic and international courts to protect the national wealth. 

"The government and the Ministry of Oil are keen to provide a safe environment for the work of international companies and to protect their investments throughout Iraq, including the northern provinces," he said.

[yota691]

First Published: 2017-10-19

Baghdad warns of the conclusion of oil contracts with Kurdistan

Al-Allaibi warns international oil companies from contracting with any party in Iraq without returning to the federal government in response to the agreement of Russian company Rosneft with Arbil.

Middle East Online

Baghdad first BAGHDAD - The Iraqi Oil Ministry on Thursday strongly warned all countries and international oil companies to contract or agreement with any party within the country without reference to the federal government. Russia's Rosneft said on Wednesday it had signed production-sharing agreements in five oil fields in Iraqi Kurdistan, the region that recently entered into a dispute with the central Baghdad government after it decided to secede from Iraq. "The irresponsible statements made by some officials inside and outside Iraq or by foreign companies about their intention to conclude oil contracts with this or that side within the country's geographical borders without the knowledge of the federal government or the Ministry of Oil is a blatant intervention," said Oil Minister Jabbar Ali al-Laibi. In the internal affairs of Iraq and a violation of national sovereignty and a clear violation of international norms. " The Iraqi minister explicitly refers to the agreement between the Kurdistan Regional Government and the Russian company. The minister stressed that "the federal government and the Federal Oil Ministry are the only entities that have the constitutional and legal powers in the conclusion of contracts and agreements that relate to the development and investment of oil and gas wealth." "Otherwise, these agreements and contracts are illegal and non-binding to the Iraqi state and give the government and the ministry the right to take legal action in domestic and international courts to protect national wealth. "The government and the Ministry of Oil are keen to provide a safe environment for the work of international companies and to protect their investments throughout Iraq, including the northern provinces," he said. Rosneft said in a statement it would pay up to $ 400 million for 80 percent of the project as part of an agreement with the autonomous Kurdistan region in Iraq, although half of that value could be paid as crude oil from the patches. A joint oil exploration program will be launched next year, and if it is fruitful, Rosneft will start developing oilfields in full in 2021, according to the Russian company. Rosneft says the recoverable oil reserves from the five patches are around 670 million barrels, describing them as "conservative". The deal comes at a time of escalating conflict between Erbil and Baghdad, which has regained full control of the disputed areas between Kirkuk and its oil wells rich hands of the Peshmerga forces.

[yota691]

Oil warns foreign companies to conclude contracts without reference to the government and the ministry

 

Thursday, October 19,

 

 

 

The  Ministry of Oil warned on Thursday that all countries and international oil companies to contract or agreement with any party inside Iraq without reference to it or the federal government.  "The irresponsible statements made by some officials inside and outside Iraq or by foreign companies about their intention to contract or conclude oil contracts with this or that side within the country's geographical borders," Oil Minister Jabbar Ali al-Allaibi said in a statement received by Alsumaria News. Without the knowledge of the federal government or the Ministry of Oil, is a blatant interference in the internal affairs of Iraq and a reduction of national sovereignty and a clear violation of international norms. "     He added Allaibi, "The federal government and the Federal Oil Ministry are the only entities that have the constitutional and legal powers in the conclusion of contracts and agreements that relate to the development and investment of oil and gas wealth."  "The government and the Ministry of Oil are responsible for drawing and developing strategies related to oil and gas wealth in accordance with the constitution and the laws, powers and instructions in force, whether in the conclusion of agreements with countries or contracts with international companies. Otherwise, these agreements and contracts are illegal and non-binding to the Iraqi state, The government and the ministry to take legal action in domestic and international courts in order to protect the national wealth. "  The Minister of Oil stressed that " Russian oil giant Rosneft signed an agreement with Iraq's Kurdistan region on Thursday to begin drilling for oil at five different sites in the northern Iraqi province.

[yota691]

19 October 2017 - 12H22

Baghdad warns international oil companies to conclude contracts without the knowledge of the federal government

•  

 

© AFP / Archive The slogan of the Russian oil giant "Rosneft" at its headquarters in Moscow

 

BAGHDAD (AFP) - The Iraqi Oil Ministry on Thursday strongly warned all countries and international oil companies to contract or agreement with any party within the country without reference to the federal government.

Russia's Rosneft said on Wednesday it had signed production-sharing agreements in five oil fields in Iraqi Kurdistan, a region that has recently entered into a dispute with the central Baghdad government after its decision to secede from Iraq.

"The irresponsible statements made by some officials inside and outside Iraq or by foreign companies about their intention to conclude oil contracts with this or that side within the country's geographical borders without the knowledge of the federal government or the Ministry of Oil is a blatant intervention," said Oil Minister Jabbar Ali al-Laibi. In the internal affairs of Iraq and a violation of national sovereignty and a clear violation of international norms. "

The Iraqi minister explicitly refers to the agreement between the Kurdistan Regional Government and the Russian company.

The minister said that "the federal government and the Federal Oil Ministry are the only entities that have the constitutional and legal powers in the conclusion of contracts and agreements that relate to the development and investment of oil and gas wealth."

"Otherwise, these agreements and contracts are illegal and non-binding to the Iraqi state and give the government and the ministry the right to take legal action in domestic and international courts to protect national wealth.

"The government and the Ministry of Oil are keen to provide a safe environment for the work of international companies and to protect their investments throughout Iraq, including the northern provinces," he said.

Rosneft said in a statement it would pay up to $ 400 million for 80 percent of the project as part of an agreement with Iraq's autonomous Kurdistan region, although half of that value could be paid as crude oil from the rubble.

A joint oil exploration program will be launched next year, and if it is fruitful, Rosneft will start developing oilfields in full in 2021, according to the Russian company.

Rosneft says extractable oil reserves from the five patches are about 670 million barrels, describing them as "conservative".

The deal comes at a time of escalating conflict between Erbil and Baghdad, which has regained full control of the disputed areas between Kirkuk and its rich oil wells from Peshmerga forces.

[yota691]

Oil announces the formation of a ministerial committee "high" to evaluate the oil activity in Kirkuk

 

Thursday, October 19,

 

 

 

Alsumaria News / Baghdad  The spokesman for the Ministry of Oil Assem Jihad , on Thursday, the formation of a ministerial committee "high-level" to follow up and evaluate the oil activity in the province of Kirkuk and to identify the needs of the province.  Jihad said in a statement received by Alsumaria News a copy of it, "The Minister of Oil directly oversees the work of the ministerial committee and the operating room problem in the North Oil Company, in order to follow up and evaluate the oil activity in the province to expedite the submission of recommendations and proposals necessary to promote the reality of the oil industry in the province.   He added that "the ministerial committee includes a number of agents and directors of the departments and companies concerned, including oil projects companies and pipelines and the company for the distribution of oil derivatives and gas mobilization and the technical department and reservoirs and the development of oil fields and contracts and others."  He went on Jihad, "The ministerial committee will stand on the needs of the province of oil derivatives in order to meet them and work on the development of mechanisms and plans urgent that contribute to improving the level of services provided to citizens of the governor."  Oil Minister Jabbar al-Allaibi announced on Tuesday (October 17, 2017) the return of the fields of Bay Hassan and Havana in the province of Kirkuk to the national production system, adding that the ministry will proceed with the implementation of its plans and projects aimed at developing oil fields in the province.

[Laid Back]

The KGR is loosing business by the minute. I bet by now Barzani and Talibani political parties realized what a BIG mistake was the referendum.

 

Go Iraq constitution 

Go Iraq United 

Go success

[Wiljor]

1 hour ago, Laid Back said:

The KGR is loosing business by the minute. I bet by now Barzani and Talibani political parties realized what a BIG mistake was the referendum.

 

Go Iraq constitution 

Go Iraq United 

Go success

 

Now that they (Barzani and Talabani) have come to their senses Laid Back, things will move forward quickly 

[Laid Back]

49 minutes ago, Wiljor said:

 

Now that they (Barzani and Talabani) have come to their senses Laid Back, things will move forward quickly 

Agree my friend wiljor,

And we will see a more stronger and united Iraq.

 

[Spider]

15 hours ago, yota691 said:

the federal government and the Federal Oil Ministry are the only parties that have the constitutional and legal powers in the conclusion of contracts and agreements relating to the development and investment of oil and gas wealth'.

 

Both of it need HCL... No wonder oil company goes direct to Kurdistan for make contract to explore oil and gas in Kurdistan.

[yota691]

A Russian company explains the reason for concluding a contract with Kurdistan

Editorial date: 2017/10/19 15:33 • 332 times read

[Where Follow-up] 
Chief Executive Officer of the company "Rosneft" Russian, Igor Sechin, on Thursday, he said his company in the Kurdistan region of the activities of "purely practical , " he said, and it is serious work because of the availability of low with the cost of productive oil resources in the geographical territory of the region.

"The company's interest in operating in the Kurdistan region is purely practical," he said. "We are serious about working in the region. This region is characterized by low-cost and undiscovered oil resources." 
The Iraqi Oil Ministry has warned, today, foreign companies to conclude contracts with the region, and said Oil Minister Jabbar Ali al-Allaibi, in a statement, "The government and the Ministry of Oil are the only parties that have the powers to conclude contracts and agreements, which relate to the development and investment of oil and gas wealth in Country. " 
This comes after the signing of "Ross Oil", which is the largest Russian oil companies, on Wednesday, an agreement to activate previous agreements providing for the sharing of oil production in five concessions in the Kurdistan region.

Under the agreement, Rosneft will begin drilling for oil in five different locations in the region. The company will start commercial production of these sites in 2021 if crude is confirmed. 
Rosneft expects 670 million barrels of oil at the five sites, and Ross Oil will bear the costs of conducting the studies and drilling, worth about $ 400 million. In return, the Russian company will receive 80 percent of the profits of the project. 
It is noteworthy that this agreement is not the first between "Ross Oil" and the Kurdistan region, where the two sides, in June, a package of agreements in the fields of exploration and logistics, infrastructure development and energy resources trade.

[yota691]

URGENT A US company suspends its operations in the region after a warning from the Oil Ministry

Release date: 2017/10/19 20:43 • 864 times read

[Ayna-Baghdad] 
A US oil company suspended its operations in the Kurdistan region after a warning from the Oil Ministry on Thursday.

Chevron said today that it temporarily suspended its oil and gas activities in Kurdistan, in the latest setback to the region in the wake of the recent unrest. 

"Chevron has decided to suspend its operations temporarily," a company spokeswoman said in a statement. 

"We remain in regular contact with the Kurdistan Regional Government and look forward to resuming our operations once conditions permit," she said. 

The Ministry of Oil strongly warned today, all countries and international oil companies from contracting or agreement with any party inside Iraq without reference to the federal government or the ministry.

[DinarThug]

CNN. Broadcasting With The Slick Talking Oil Minister !

 

 

(by don961)

Oil: The federal government is constitutionally responsible for concluding contracts and agreements

19-10-2017 06:45 PM
 

The Euphrates -

 

The Ministry of Oil confirmed that the federal government is legally and constitutionally responsible for the conclusion of contracts and agreements related to the development and investment of oil and gas wealth, stressing the non-conclusion of foreign countries and companies contracts within the geographical boundaries of the country without the knowledge of the government in Baghdad. 

Oil Minister Jabbar al-Allaibi said in a press statement that the irresponsible statements issued by some officials inside and outside Iraq or by foreign companies about their intention to contract or conclude oil contracts with this or that within the geographical boundaries of the country without the knowledge of the federal government or the Ministry of Oil, Is a blatant interference in Iraqi internal affairs and a violation of national sovereignty and a clear violation of international norms. Adding that the federal government and the federal oil ministry are the only two parties that have the constitutional and legal powers in the conclusion of contracts and agreements that relate to the development and investment of oil and gas wealth. 

Al-Allaibi said that the government and the Ministry of Oil are responsible for drawing and developing strategies related to oil and gas wealth in accordance with the constitution and the laws and powers and instructions in force, whether in the conclusion of agreements with countries or contracts with international companies, otherwise these agreements and contracts are illegal and non-binding to the Iraqi state and grant the right to the government and the ministry To take legal action in domestic and international courts in order to protect national wealth. 

He pointed out that the government and the Ministry of Oil are keen to provide a safe environment for the work of international companies and protect their investments throughout Iraq, including the northern provinces.

link

[ChuckFinley]

Things are really moving at light speed now. Let's see where this goes. It is looking pretty positive from the outside looking in.  

[skeetdog]

Thanks DT...The relationship between Saudi Arabia and Iraq is starting to look pretty good...Abadi has done an excellent job in reestablishing the bond in a very valuable alliance with Saudi....

[sandfly]

thanks

[yota691]

Baghdad seeks clarifications from Rosneft on an agreement with Iraqi Kurdistan

 

 From 2017-10-21 at 17:49 (Baghdad time)

Continue Mawazine News:

Iraqi Oil Minister Jabbar al-Allaibi said he would seek clarification from Russian oil giant Rosneft over contracts signed with Iraq's Kurdistan region.

"The contracts are preliminary, not prepared for implementation and no further details are given," Al-Allaibi told reporters in Baghdad.

On Thursday, Rosneft agreed to control Iraq's main oil pipeline, boosting its investment in the autonomous region to $ 3.5 billion.

The Iraqi government has warned companies not to sign contracts with Iraqi Kurdistan and Iraqi forces seized control of oil-rich Kirkuk this week from Kurdish forces.

Rosneft said it would invest money in expanding the pipeline, hoping to increase its capacity by one third to 950,000 bpd. This equates to about 1 percent of the world's total supply.

The pipeline is usually 600,000 barrels per day, but that amount fell to only 200,000 bpd this week after Iraqi forces took control of Kirkuk.

The signing of Rosneft means control of the Kurdish export pipeline by 60% and the private Kurdish car company (40%).

Carr will manage the pipeline that will transport 390,000 barrels / day from the fields of Khoramala Dome and Bai Hassan within the Kurdistan Region.

Rosneft will develop the current pipeline to accommodate a larger production (950,000 barrels / day) ... for the Kurdistan Regional Government

The Prime Minister Haider al-Abbadi Jabbar al-Luaibi issued an alert and warning from the Federal Oil Ministry that any contracts not known to Baghdad and is not a party is invalid.

But the Russian Energy Minister replied, "Your problems between you and the Kurds .. We will continue to seriously invest in the Kurdistan region."

The line transfers crude oil from Kirkuk and other fields in northern Iraq to the Turkish port of Ceyhan overlooking the Mediterranean Sea

[Wiljor]

October 22, 2017 

Russia’s Gazprom Neft has said it expects production at the Badra oilfield to stay between 85,000 and 90,000 barrels per day (bpd) in 2018.

Deputy chief executive Vadim Yakovlev (pictured) told Reuters that Baghdad has not asked the company to curtail production, despite reports that the Oil Ministry had asked foreign producers to cut investment to reduce the cash-strapped government’s contribution in shared ventures.

Yakovlev added that production at Badra is expected to plateau as high as 110,000 bpd in the future.

businessnews

 

 

http://iraqdailyjournal.com/story-z16085774

 

[SnowGlobe7]

we are all looking for clarification.....

[Synopsis]

13 hours ago, yota691 said:

"The contracts are preliminary, not prepared for implementation and no further details are given," Al-Allaibi told reporters in Baghdad.

 

I could be way off here but just like Iran, there are those who do not want Russia having a significant piece of the Iraqi (or Kurdish) economic pie in the future. I am pretty sure these agreements with Russia will get annulled. The timing of retaking the Kurdish held areas exceeding the 2003 demarcation seems odd otherwise especially considering how much of the Kirkuk oil was smuggled and lined the pockets of the Kurdish corrupt. Maybe the Ruskies had a significant take, too, and are now trying to secure a more direct benefit.

 

I could be wrong so my opinion and 

 

Go Moola Nova!

[new york kevin]

Possibly, possibly.

[ChuckFinley]

Just want to make sure that the money runs through one centeral portal.  

[Officiallytook]

Getting strong armed by chevron huh...get it together Kurds Iraq etc so we can all eat

[yota691]

This can go here....

Jaafari from Moscow: Kirkuk crisis resolved within 15 hours

24/10/2017 12:00 am   BAGHDAD / Follow - up to the morning      Foreign Minister Ibrahim al - Jaafari that Kirkuk is the heart of Iraq 's spring, and the Iraqi Kurds do not face political isolation, also pointed out that the federal government proceeded to Kirkuk operations in order to impose security and not for other purposes, while the new Russian Foreign Minister Sergei Lavrov said his country 's support for unity Iraq.  "The referendum in the Kurdistan region is unconstitutional and the Iraqi government treated it wisely," Jaafari told a joint news conference with his Russian counterpart Sergei Lavrov at the Russian Foreign Ministry in Moscow on Monday.  He added that "there was a very important tactical position contributed by the Kurds and Arabs and Turkmen to reject this referendum and forced the Iraqi government to deal wisely with him and responded to the people of the province was resolved the crisis in Kirkuk within 15 hours was extended law and authority," noting that "the Kurds contribute to the management of the State and occupy key positions And President. " Al-Jaafari said that "Iraq today is in front of a new situation and in front of political participation and not political isolation and participate in the Kurds as part of the Iraqi people and take their natural right and enjoy the right to the federal budget by 17 percent, but even though it is limited by 12.9 percent, "He said.  The foreign minister stressed that "Iraq bears all responsibility and courage to protect its citizens and land and will not hesitate or delay in defense of that," and pointed out that "after Iraq folded confrontation with the Daash now is the time to turn the wheel of construction and reconstruction," Jaafari estimated Russian support system" rel="">support To Iraq in the fight against terrorism, saying: "Russia has the right to be proud of what the Iraqi army achieved because it contributed to it," and Jaafari also invited the Russian president and Lavrov to visit Baghdad. For his part, Russian Foreign Minister Sergei Lavrov said that Russia respects the sovereignty and territorial integrity of Iraq and calls for the settlement of all problems through dialogue with the participation of all ethnic, sectarian and political groups.  Lavrov said during the joint conference: "We expressed our vision in the referendum and we want to emphasize the understanding of the aspirations of the Kurdish people in his dream and his conscience, but we think it is right to achieve these aspirations dialogue with Baghdad and taking into account all the circumstances and away from the formation of hotbeds of new unrest in the region, "There are different political currents in Iraq, not the Kurds alone, and we seek to communicate with all of them," Lavrov said. Lavrov said that "our support system" rel="">support for the efforts of the Iraqi government not only in the fight against terrorism, but in solving internal problems through the national dialogue through the participation of all components," Lavrov said, "We have not yet recorded an indication of the war between Baghdad and Erbil and look forward to prevent this and I think that the parties To decide whether they are ready for dialogue and accept our mediation but not impose ourselves. "  Lavrov said that "the increase of scholarships for Iraqi students in Russia," noting that "the Iraqi-Russian joint committee will meet to discuss the development of relations between the two countries and activate the agreements between them," Lavrov confirmed that he will meet Jaafari's invitation to visit Baghdad soon. The visit of Foreign Minister Ibrahim Jaafari to Moscow at the invitation of Russian Foreign Minister Sergei Lavrov to discuss the situation in Iraq and Syria and other issues, and before the start of Jaafari's visit to Moscow, the Russian Foreign Ministry said that "Russia, after the referendum on the secession of Kurdistan, Last month, its attachment to the unity of the Iraqi territory and call Baghdad and Erbil to seek solutions acceptable to both parties through a constructive dialogue. "

[yota691]

Few days old...

Strong warning from the Ministry of Oil to foreign companies that contract with the region

19-10-2017 03:28 PM

Readers

 

Baghdad News -

 

 

Igor Sechin, chief executive of the company 'Ross Oil' that the activities of his company in the Kurdistan region of Iraq is based on the principle of 'purely practical' and is serious in the work in the territory in northern Iraq. 

"We are serious about working in Kurdistan and Iraq as a whole," Sechin said in a speech at the Eurasian Economic Forum in Verona, northeastern Italy. And our interest in projects in this country is purely practical, as this region is characterized by low-cost and undiscovered oil resources'. 

Oil Minister Jabbar Ali Al-Allaibi said in a statement that the government and the Ministry of Oil are the only entities that have the authority to conclude contracts and agreements related to the development and investment of oil and gas wealth. in the country'.

This comes after the signing of 'Ross Oil', which is the largest Russian oil companies, on Wednesday an agreement to activate previous agreements providing for the sharing of oil production in 5 concessions in the Kurdistan region of Iraq. 

Under the agreement, Rosneft will begin drilling for oil in five different locations in the region. The company will start commercial production of these sites in 2021 if crude is confirmed. 

Ross Oil expects to have 670 million barrels of oil at the five sites. Rosneft will bear the costs of conducting the studies and drilling, which will cost about $ 400 million. In return, the Russian company will receive 80% of the profits of the project. 

It is noteworthy that this agreement is not the first between the 'Ross Oil' and the Kurdistan region of Iraq, where the two sides, in June, a package of agreements in the fields of exploration and logistics, infrastructure development and energy resources trade.