Source: BP is preparing to sign a contract to develop the Kirkuk field in the beginning of next September, despite the sensitivity of the issue

[yota691]

 

BP hopes to sign an agreement with Baghdad over Kirkuk fields beginning next September

Source: BP is preparing to sign a contract to develop the Kirkuk field in the beginning of next September, despite the sensitivity of the issue

 

Author: HAA 
Editor: BK, BS 8/29/2013 20:46 Number of readings: 168 
 

 

Range Press / Baghdad

Industrial source revealed, "early", on Thursday, the desire of the British oil company British Petroleum, BP, signed a contract to develop the Kirkuk oil field in northern Iraq, the beginning of next September, despite the sensitivities raised by it with the Kurdistan region, noting that the company expects to initially spend about one hundred million dollars to stop the "decline" field production equipment.

The Reuters news agency quoted REUTERS news agency, in a news reported today, and seen by (range Press), about the "source of industrial familiar and close to the negotiations," did not reveal his identity, saying that "British Petroleum, BP hopes to sign a contract to revive and develop the field of Kirkuk oil in northern Iraq , with the beginning of September 2013, "returned to" move that would infuriate the Kurdistan region and the bombing of a new political crisis with the federal government to the occurrence of the project in a sensitive area within the disputed border between the two parties. "

They believed the agency, that if what happened this agreement, it will pave the way for the British company giants that exist already in the Rumaila field, which is one of the largest oil producing fields in southern Iraq, to ​​negotiate access to the huge reserves very north of the country, too, "noting that" Baghdad then You'll get an experienced partner and trusted, to help in the treatment of low production in the Kirkuk field. "

The source added, according to Reuters, that "the contract would be a preliminary agreement standing 18 months to provide attribution, which will provide an opportunity for the company BP to negotiate a development contract for a longer period," noting that "the British company will work within the side which is under the control of the Baghdad government from the field, in locations Pope geological Lavagna, either site geological third, which Jurmala, it is located within the boundaries of the Kurdistan region. "

The source explained the industrial close to the negotiations between Iraq and the British company, according to the agency, the "BP expects to negotiate the terms of better business in the contract for the field of Kirkuk," pointing out that it "intends to initially spend about $ 100 million as a first step to help stop the state decline production equipment in the field, and to conduct survey to get a clear idea about it. "

According to Iraqi oil source, the agency said, "Baghdad hopes to sign British Petroleum in the end technical service contract for the Kirkuk field is similar to that of the Rumaila field."

The British oil company, British Petroleum, BP, has reached a preliminary agreement with Baghdad to develop the giant Kirkuk oil field, which suffers from obsolescence and low production rates.

The Minister of Natural Resources in the Kurdistan Regional Government Ashti Hawrami, warned (June 30 2013), the company British Petroleum of the consequences of "put itself line of confrontation" in the dispute between Baghdad and Erbil if they proceeded with its plans to develop the field of oil content in the disputed territories, calling for them not to allow "itself to take advantage of others for political purposes," as quoted British Alvinancel Times newspaper, and seen by (Presse term) at the time.

The Iraqi oil minister, Abdul Karim and coffee, said in press statements made by, in (18 January 2013), the existence of a preliminary agreement with BP's British to develop the oil field of Kirkuk, north who suffers from a significant decrease rates of oil production, while attacked Governor Kirkuk, in the (22 January 2013), and the Iraqi Oil Ministry on near agreement with BP to develop the Kirkuk oil field and described this approach as "unconstitutional and illegal", stressing that "dissatisfaction with him."


And located the northern fields of Kirkuk in what is known disputed areas that are waiting since 2005 agreement between Baghdad and Erbil to decide بتبعيتها of wealth for direct investment nature they contain, including oil.

The Kirkuk oil field one of the oldest oil fields in Iraq, and dating back to the year 1927.

He also expressed the Kurdistan region, at the (19 January 2013), the complete rejection of the plan announced by Baghdad to contract with BP to invest the Kirkuk fields, stressing that it will require the approval of the region as the Kirkuk fields in areas of conflict.

Kurdistan Regional Government promised that announcement as "an alleged attempt to allow BP to reform and develop some of the fields in Kirkuk in the plan illegal and unconstitutional to invest in those fields without consulting other parties in the conflict and get Muaqathm.

Edited August 30, 2013 by yota691

[Boozer]

Don't sign till they pass the da$& law

Edited August 30, 2013 by Boozer

[SgtFuryUSCZ]

Don't sign till they pass the da$& law

***///

 

We should send you over there to straighten them out, BOOZER !

You're the only one making any sense !

[sandfly]

SOMEBODY NEEDS TO

[RAGARCIA62]

I sure hope it helps their stock prices to go up.

[MyLadiesDaddy]

The filthy rich! !!!!!

LAWS! WE DON'T NEED NO STINKIN LAW'S.

[zigmeister]

Watch Maliki's response to this, it could be telling.

[SgtFuryUSCZ]

***///

 

Thanks for the heads-up, ZIG...!  Will do.

[zigmeister]

2 days have passed, nothing from Maliki.

[Catluver67]

2 days have passed, nothing from Maliki.

I think you're right on Zig.

This is at least the 3rd big deal the Kurds have done on their own since that big meeting between Maliki and Barzani in Erbil and still no objection by Maliki. He used to flip his lid before the day was out. Very interesting to say the least...this speaks volumes IMO. While they may not have HCL passed and officially voted on they definitely have a functioning agreement in place and working.

[zigmeister]

I think you're right on Zig.

This is at least the 3rd big deal the Kurds have done on their own since that big meeting between Maliki and Barzani in Erbil and still no objection by Maliki. He used to flip his lid before the day was out. Very interesting to say the least...this speaks volumes IMO. While they may not have HCL passed and officially voted on they definitely have a functioning agreement in place and working.

ditto that!