Abdul-Mahdi will hold a press conference tomorrow to discuss the reality of oil between Baghdad and Erbil

[yota691]

Baghdad says that progress has been made in the dispute over Kurdish oil exports

 

 Iraqi Oil Minister Adel Abdul-Mahdi said on Sunday that Baghdad and the Kurdish regional authorities Thrzan progress in the way of saving agreement on crude oil exports. After the close of the deal because of the collapse of the Kurdish threats to halt oil shipments to protest the non-payment of money for them.

Abdul-Mahdi said that the two sides would gain as a result of implementation of the agreement in December, which shipped Kurds whereby oil from the Kirkuk field and their areas under the control of Baghdad in return for receiving funds from the central government in Baghdad.

 

But Baghdad paid a fraction of the amount agreed upon for the Kurdish authorities, saying the oil exported quantity was not expected to be produced and exported.

 

Abdul-Mahdi said in a press conference that the agreement with the Kurdish government remains.

 

He continued saying that everyone achieves significant gains from the agreement and that thanks to the use of pipe lines Kurdistan region has become possible to resume the export of oil from the Kirkuk oilfields, which was threatened by the deteriorating situation due to stop production.

 

Under the agreement the Kurdish regional government agreed to export 550 thousand barrels of oil per day through Turkey from the Kirkuk fields, and that is done through marketing governmental body affiliated to Baghdad.

 

In contrast, Baghdad has vowed to return to the payment of funds to the Kurds after the interruption at the beginning of 2014 as punishment for the area on the steps taken by the export of oil independently of that.

 

Abdul-Mahdi said that the government marketing body gets 300 thousand barrels per day in the Turkish port of Ceyhan ie up to half of the agreed amount. But the amount will increase.

 

He said that by the end of the year production will reach 550 thousand barrels per day on average. And confirmed the existence of obstacles and problems and it can not solve all the issues at once, but the solution will be in stages, stressing that progress is being made.

 

He received the December agreement on the boom as a tribute to help Iraq to increase its oil exports at a time when the pressures on oil revenues much because of low world prices and the cost of financing the war on militants of the Islamic State group in the country's north and west.

 

Abdul-Mahdi said that oil prices gradually rise again predicted that the price of a barrel of crude oil up to 64 or $ 65, up from $ 45 was recorded in January. But the price is still very low compared to what his record in June, reaching $ 115.

 

The minister pointed out that the decline in oil prices led to reduced payments of foreign oil companies that had accumulated since 2013 to the tune of more than $ 20 billion.

 

He pointed out that the special state budget allocated 14 trillion dinars ($ 11.8 billion) to cover a portion of these payments and that the ministry is working on issuing treasury bonds worth 12 billion dollars to cover the remaining amount.

 

 

 

 

 

Oil Minister: 300 thousand barrels per day, the quantities received from the region

 

 

       

2/3/2015 0:00 

 Baghdad Tariq al-Araji, 
confirmed the Oil Ministry said the Kurdistan region began to increase crude quantities produced by him and the province of Kirkuk, while emphasized that it seeks to provide benefits companies winning tours licenses.  
He said Oil Minister Adel Abdul-Mahdi, during a press conference after his meeting with the ministers of oil and former agents The officials and experts, specialists and attended the "morning": that the ministry proceeded to conduct such meetings for the advancement of the oil sector in the whole country and will seek to meet with Iraqi experts abroad over the next few period. 
He disclosed that the Kurdistan region to raise Muslim quantities of oil to the producing of fields and Kirkuk, the federal government , referring to the receipt of 300 000 barrels last February, and expected arrival to 550 000 barrels per day at the rate of 300 thousand barrels of Kirkuk and 250 000 barrels per day from the region, stressing that all outstanding issues will be resolved gradually and in line with the service of all Iraqis.He said Abdul-Mahdi, that the ministry has obligations estimated at $ 20 billion to companies licensing rounds and is keen to be provided, as well as negotiations with these companies to schedule their dues until Iraq out of the financial crisis. 
The Minister of Higher Education and former oil minister Hussein al-Shahristani said the two communities came out with recommendations Several, including the establishment of an Iraqi Centre for Studies looking oil market and forecasts at the global crude and put the advancement of the oil sector in the country plans.   
For his part, President of the board of advisers revealed the Office of the Prime Minister Thamer Ghadban signed a contract for the establishment of the draft beacon lab petrochemical in the city of Basra, in coordination with Shell Global. Indicating that the budget provides for the allocation of two dollars for every barrel of oil produced to maintain wishing to see an increase in oil prices during the next term, but the law on Iraq should not be relied upon and do other resources through investment and encourage the private sector.  

[whatsthis]

Welcome to my neck of the woods, after today the weather should be great

Add one more on to the neck of the woods things can only get better from here. I hope.

[Boozer]

I'm in the Keys

[yota691]

Abdul-Mahdi: agreement between Arbil and Baghdad will be implemented
By Roudao Hours ago






Adel Abdul Mahdi


Roudao - Arbil, 

said the Iraqi oil minister, Adel Abdul-Mahdi, the Erbil and Baghdad have made ​​remarkable progress in the steps taken to implement the agreement concluded between them. He said Abdul-Mahdi, during a press conference that "the agreement between Arbil and Baghdad still exist, and will bring the parties substantial gains due to be implemented." The Convention provides for the Kurdistan Regional Government to export 550 thousand barrels of oil from the fields and fields of Kirkuk, under the supervision of Sumo Iraqi Oil marketing company, in exchange to send Baghdad, the region's share deducted from the budget in 2014. said Abdul-Mahdi, the body overseeing the oil marketing arrive 300 thousand barrels oil per day through the port of Ceyhan oil in Turkey, which is half the agreed amount, that amount increases in the future, pointing out that the source of the oil will be by the end of this year, 550 thousand barrels of oil, and despite the emergence of some of the problems, but it will be resolved gradually.

[yota691]

Abdul-Mahdi: Kurdistan issued 300 thousand barrels of oil per day

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02-03-2015 07:01 PM

 

 

The Minister of Oil, Adel Abdul-Mahdi, the Kurdistan Regional Government issued 300 thousand barrels of oil per day, noting that it hopes to raise this number to 550 thousand barrels per day, under the oil agreement signed between Erbil and Baghdad. 
He said Abdul-Mahdi, at a press conference, I followed (News) today, said: KRG issued an average of 300 thousand barrels per day, within the joint agreement between Baghdad and Erbil, and it is hoped that up before the end of this year to 550 thousand barrels per day through the Turkish port of Ceyhan. 
The minister pointed out that the government in Baghdad has transferred part of the funds for the benefit of the territorial Government, returned to the continuation of the joint agreement between the parties will reflect on the two sides through the provision of financial payments to secure a lot of financial requirements. 
also predicted that oil prices rebound to $ 65 at the time influenced the Iraqi economy strongly Pthowa black gold prices for adoption heavily on oil. 
He added that 'Kirkuk, which was parked in oil fields, has resumed production, and will contribute to raising the value of oil exports. " 
The Ministry of Oil, has said it is seeking to export oil through Jordan and Egypt, as part of steps to provide more than port for the export of crude, while analysts say that Baghdad was worried about the impact of the political and security turmoil in the region on the effectiveness of export ports in Basra (south), as well as through the export pipeline passing through Kurdistan (north) to the Turkish port of Ceyhan. 
agreed Oil Ministry on 18 December last, with the Ministry of Energy and Mineral Resources of Jordan, on the export of oil to North Africa through the gate of Egypt.

[Boozer]

This has been an on going thing for years, and will go on for many more, Shot or get off the Pot..