Parliamentary Energy calls for the revision tours licenses and expert attribute the imbalance to "management and corruption."

[k98nights]

 

 

 

 

 

Oil Ministry decided to amend licensing rounds decades

News Source:Ali Abd al-Salman

 

Section:Page economic

 

November 23, 2015 11:14

 

Readers Number:28

 

 

The Ministry of Oil, Sunday, modified oil licensing rounds format serve the Iraqi side and help associated with oil and gas investment to reduce the burn. A member of the Parliamentary Committee on Oil MP Ali Faisal al-Fayad, "The committee submitted a request to the government and to the oil ministry to amend the oil licensing contracts with international companies, to coincide with the debate on the draft 2016 budget law". He added that "The oil ministry responded on the request and decided to amend the licensing rounds fixed proportions of open contracts, invoices and investment associated with oil and gas to reduce the burn rehabilitation of infrastructure and oil installations." It is noteworthy that Iraq signed investment contracts worth billions of dollars with international companies see the rounds of exploratory licenses to develop oil fields in the years 2007, 2011 and 2012.

 

http://burathanews.com/news/280576.htmlNews agency Buratha

 

[siberian_shaddow]

Much appreciated K98, i didn't think they could sign any contracts if the HCL wasn't in place.

[yota691]

11/28/2015 (00:01 pm)   -   the number of readings: 200   -  number (3513)

 

 

Licensing contracts served as foreign companies were affected, including Iraq

BAGHDAD / Ibrahim Ibrahim 
 

Confirmed experts in economic affairs, on Friday, to reconsider the rounds of licenses give the government additional financial resources in light of the economic crisis experienced by the country, calling for rationalizing the disposition of those funds, and not used within the oil tyranny formats Albzkha and the economy, as happened previously.

The economist said Maytham defect in an interview for the "long" that "today there are calls to reconsider the rounds of oil licenses with foreign companies, in terms of the service contracts served the oil companies were affected, including Iraq, especially with the drop in oil prices." 
He added that "reconsider tours licenses can enter additional financial resources to the Iraqi state, and can address the mistakes that accompanied the signing of these contracts between two parties is equal in experience and negotiation. 
"He explained defect that" foreign oil companies worked under the political and security under difficult circumstances, and was able to perform its obligations to the government, from During the service contracts, and those contracts which benefited Iraq, and achieved large budgets, and amounted to more than $ 750 billion, with the direction of oil prices to rise, especially as expectations over the past years has been toward more high oil prices. 
"He pointed out that" the government has not been able in the past years to achieve real development, but that the money went consumer destination, in addition to the suspicion of grand corruption. 
"He continued:" The inability of the authorities to control public spending, and the adoption of policies that employment is disciplined, in addition to exaggerate the amount of investments, as well as the expansion of ministries unjustified led to the waste of billions of money the sale of oil. 
"pointing out that" despite the fact that oil supplier does not belong to the current generation only, but the country did not keep part of the money to ensure that the share of future generations in the form of generations boxes, and did not It has been also part of the distribution or the proportion of these resources for the Iraqi people as the real owner of her in the form of direct cash resources. " 
defect and stressed that "the re-negotiations will be arduous and easy, and you will need to experts and specialists, because the other side may fort itself from the outset legally, But in the end that there was a consensus to amend the agreements can be expected positive results, especially that satisfied those companies that Iraq is seriously going to rationalize the disposition of those funds, and not used within the oil tyranny formats and the economy Albzkha. 
"She stressed Committees energy and the economy both parliamentarians, Friday ( 11.20.2015) that Oil Minister Adel Abdul-Mahdi stressed during hosted a session of the Council on the need to reconsider the rounds of licenses being "has become expensive" because of the fall in world oil prices, and with Binta he raised the possibility of establishing new refineries other and ask for investment. 
A member of the Committee on Energy, Ali Fayad, in an interview for the (long-Presse) that "the host's oil minister, Adel Abdul-Mahdi session, dealt with a lot of things most important licensing rounds, the prices and bills, mechanisms and work", adding that "the minister stressed the need to re-examine those tours, they are expensive Because of the fall in world oil prices. " 
he said Fayad, said that "the oil minister was convinced of the need to reconsider the rounds of licenses and prices of a barrel of oil extraction and cost, by specialists to find out the size can be conducted amendment," noting that "Abdul-Mahdi, also touched on the issue of refineries and how to establish more of them, and the possibility put up for investment. "The member of the parliamentary committee of energy, that" the oil minister spoke about the budget in 2016, and the adoption rate of $ 45 per barrel of oil in which, and the oil agreement with the Kurdistan region, "pointing out that" Abdul-Mahdi said that the region's share in the budget dependent on oil. "For her part, member of the economic and investment commission in Parliament, Najiba Najib, in an interview for the (long-Presse) that" the oil minister said that the budget bill does not involve sending any amount of the Kurdistan region, because the federal government did not receive him any amount of oil after June 2015. "Najib said, that" the oil minister also stressed that the licensing rounds now cost the state large sums of money after the fall in world oil prices. "turn economist Mustafa Mohamed Habib said in an interview (range)," The previous government during the conclusion of oil contracts with foreign companies its negotiators could not put future accounts into account the most important of the fall in oil prices. "He added that" the agreement required to give the Iraqi government and the storage and increase the export capacity of oil extracted transfer but has not committed to its part for several reasons, the most important of poor management and the lack of strategic action plan. " He explained beloved that "foreign companies committed to raising the production capacity of the fields agreement held fast paces, causing the accumulation of fines on the Iraqi side to reach the millions of dollars and payable." He pointed out that "the financial situation of the country and the lack of liquidity as a result of the fall in world oil prices make the current government crisis to fulfill its obligations with foreign oil companies, so the formation of a dedicated team to re-negotiate according to current economic developments and try to skip the previous pitfalls. "TheIraqi Council of Representatives, has decided in the (November current 2015) 17, call the ministers of finance, planning and oil to demonstrate their point government's view on the financial budget law for next 2016. The oil minister, Adel Abdul-Mahdi, said in (16 August 2015) that the budgets of Iraq since 2003 and until this year, amounted to $ 850 billion, while between that there are three levels of corruption, he saw that these funds should generate trillions of dollars of added value if injected markets and work sites about sound and production, to contribute to any reform no matter how late or backward society.

[sandfly]

THANKS

[yota691]

11/28/2015 16:56

Deputy: cons in the oil licensing rounds

 

 

 

BAGHDAD / obelisk confirmed Iraqi Council of Representatives member Ghazwan Shabani, on Saturday that many of the oil licensing rounds and concluded with some international companies where a lot of negatives, including a rise in receivables of foreign companies in Iraq.

Shabani said that Iraq is now pushing to nearly $ 54 billion for the purpose of increasing the production capacity of oil, which could adversely affect the economic future of Iraq.

Shabani added that tours Altrechasah made to foreign companies, the upper hand, in the estimation of costs and the volume of production and thus stripped of Iraq's oil policy.  

Shabani pointed to the need to correct this and to take the negatives OK strict in dealing with this oil tours by setting lofty goals and stand on its future.

 

 

 

[yota691]

Another one of Maliki flunkies getting ready to fall...

Saturday, November 28, 2015 12:38

/ Baghdadi News / publish some items oil licensing rounds .. and parliament prepared disaster against Iraq

• 
  

 

 

 

BAGHDAD / Baghdadi News / .. got / Baghdadi News / on certain paragraphs of the oil licensing rounds concluded by the previous government with foreign companies for the purpose of improving production Iraqi oil contracts, while the parliament counting these contracts as a disaster that has befallen Iraq.

 

According to these items, the Iraq bear the cost of extraction by up to $ 21 per barrel of oil, and the oil extracted deliver product from the wellhead and moved to Iraq and marketing companies.

The contracts also included an obligation of Iraq to pay the costs of extraction, even if not sold quantity extracted according to the principle of "opportunity cost".

In this regard, he says a member of the Finance Committee Najiba Najib told / to Baghdadi News /, that "this formula is a disaster for Iraq and represents a major failure of the file is responsible for energy Hussain al-Shahristani, who represented Iraq in the contracting process.

Also included in the contract that the terms of "the Iraqi court is competent to hear disputes that arise between the parties to the contract, but rather be dealing with disputes from the jurisdiction of the Court of Arbitration in Paris, which is" an international institution dedicated to solving the problems that lies between the States on commercial contracts ", and this means that these contracts is adjustable in favor of Iraq.

The contracts included a technical matter very complicated "overhead costs" include a paragraph disbursements from these companies and logistics services and find Kmaqrat buildings in and outside Iraq borne by Iraq outside the oil extraction costs of the transfer.

In this regard, a source familiar with / for Baghdadi News /, "One of contracting with Iraq, companies have to find a building in London at imaginary for use hall meetings said, Iraq shall pay annual renting, as well as carrying the Iraqi side all the meetings between the companies and Iraq costs In anywhere they are.

According to the licensing rounds decades, the workforce in these tours companies offer lists of expenses on a quarterly basis to Iraq and the right of the Iraqi government to object to the details of these expenses during only one month of the date of submission and not considered ratified by the government and are due payment.

Parliamentary Finance and attached to this paragraph that it is never enough time to review the disbursements corporate accounts, validating So this paragraph is as wide door for the operations of a major corruption within the licensing rounds Najiba Najib, according to a member of the Committee.

He adds that Najib licensing rounds were approved in the Council of Ministers decades just not seen by the Parliament and there is no Arabic version of these contracts were limited cabinet approval on the basis of the English language version only.

It showed that "entitlements licensing rounds represent nearly a quarter 2016 balance payable over the next year companies.

Najib revealed for the Parliament to conduct a broad investigation on oil licensing concluded by al-Shahristani, which mortgaged Iraq oil for decades in order to reach the rights of Iraq's oil reservation legal formula rounds.

She explained, "When you visit the Prime Minister and to the headquarters of these companies in the province of Basra demanded that these companies pay their financial dues without taking into account the interests of Iraq, citing paragraphs licensing rounds contracts, which guaranteed the rights of companies away from the interests of Iraq. Is over 21 and /

[yota691]

Conscious / Bahr al-Ulum / bind the government and the Ministry of Oil to review oil contracts

30/11/2015 12:00 | Number of Views: 181

font size:  

Conscious / Baghdad / m. E

Confirmed to the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum and there is a trend in the political blocs to bind the government to revise contracts in the oil licensing rounds.

Uloum said, in a shift correspondent statement (and the Iraqi News Agency Information / INA) "made a proposal to the parliamentary finance committee includes forcing the government and the Oil Ministry to review contracts in the oil licensing rounds and the support of consulting firms specialized to determine the joints of the strengths and weaknesses, and then re-negotiate with the companies to improve some of the items to increase production and create a new mechanism for the recovery of the financial benefits for companies. "

He added that "this proposal will help ease the burden on the Iraqi economy," noting that "the parliamentary blocs expressed their willingness to support this project, as the Finance Committee expressed its willingness to enter the item within the budget next year."

He Bahr al-Ulum that "this proposal will be required and the oil ministry cut the time to reach a common vision to maintain the relationship between the ministry and companies, and also to change some of the items that the Iraqi economy will improve in the context of low prices."

 

He predicted Bahr al-Ulum that "firms react with this proposal, on the grounds that the advantage of increasing production," adding that "some companies have the ability to restructure entitlements that do not affect the Iraqi economy."

 

[yota691]

Parliamentary oil: licensing rounds by many notes next oil contracts will be concluded according to market fluctuations

December 1, 2015

 

 

 

 

 Our economy / Baghdad

Said the Commission on oil and energy parliamentary member Kaveh Mohammad, on Tuesday, there are several observations on a tour of oil licenses by the relevant committees, stressing adjusted in proportion to the selling price of oil on world markets.

And between Muhammad special permission to the agency, "our economy" news that "the Finance Committee and the Committee on Oil and Energy has amendments to the licenses and contracts entered into with the government, according to variables that occur at high or low world oil prices."

The MP for the mass change that "the decline in oil market prices affect effectively about earnings ratio or shared between Iraq and manufacturers", adding that "companies, according to those contracts get fixed and unaffected by profit Ptqublat the global market," noting that "harmful to Iraq from economic sense and not to take advantage of the oil extracted high and revenues. "

Mohammed said that "our Committee will host the Minister of Oil and petroleum experts to develop a plan for those tours and modify the profits of foreign companies ratios by market volatility."

[yota691]

07/12/2015 (00:01 pm)   -   the number of readings: 174   -  number (3517)

 

 

Experts: No suspicions contracts licensing rounds and the problem in the "construction management"

BAGHDAD / Noor Ali - Ibrahim Ibrahim 
 

Called Economists, on Sunday, the Ministry of Oil to control the secondary Contracting associated contracts rounds of licenses, while stressing others that "ambiguity" His signing contracts for oil companies process with the previous government was in the spotlight for consideration by specialized committees be supportive of government expertise.  The economist said Ahmed Bureihi, in an interview for the "long", that "there are no real problems in the oil licensing rounds decades, because the average yield per barrel in the two rounds of licensing the first and second decades was $ 80 cents only, and this amount is also subject to income tax, a small amount and it is not high, in addition to that there is the percentage of Iraq from the company forged by the contract of 25%, but does not pose these companies are a burden on the oil sector and revenues. " He added that "the problem lies in the construction management and contracting the development of the contracted oil fields, including the drilling of wells and installation of technical regulations and other investments in the field, and it was better for the Ministry of Oil to scrutinize these contracts prices. "He called Bureihi to" build technical and economic capabilities in the oil ministry, to enable Iraq to control the development and full control over contracting management operations, without resorting to subcontracts drains a lot of money that is calculated on the amount of barrels of the total oil and to participate in decision-making with undeveloped oil companies."He explained that" operating costs that exaggerated by foreign companies without a real control over the credibility of those costs by the Ministry of Oil, which is located it upon themselves to provide enough data about costs investment, operating costs and find realistic solutions to the problem of price difference rather than statements about reconsider these contracts that may cause a new financial losses incurred by the Iraqi side. " Confirmed Committees energy and the economy both parliamentarians, Friday (20 / November / 2015), the oil minister, Adel Abdul-Mahdi stressed during hosted by the Council session, the need to reconsider the rounds of licenses being "has become expensive" because of the fall in world oil prices, and with Binta he raised the possibility of the establishment of new refineries and other ask for investment, the Parliamentary Integrity Committee confirmed the signings of contexts and the need to abide by. A member of the Committee on Energy, Ali Fayad, said in an interview to the (long-Presse), "The host's oil minister, Adel Abdul-Mahdi session, dealt with a lot of things most important licensing rounds, the prices and bills, mechanisms and work ", adding that" the minister stressed the need to re-examine those tours, they have become expensive because of the fall in world oil prices. "Fayad added that" the oil minister was convinced of the need to reconsider the rounds of licenses and prices of a barrel of oil and the cost of extraction by specialists to find out the size can be conducted amendment, "noting that" Abdul-Mahdi, also touched on the issue of refineries and how to establish more of them, and the possibility put up for investment. "The member of the Committee on Energy Parliamentary that" the oil minister spoke about the budget in 2016, and the adoption rate of $ 45 per barrel of oil where, and oil agreement with the Kurdistan region, "pointing out that" Abdul-Mahdi said that the region's share in the budget oil-subject. "For its part, member of the economic and investment commission in Parliament, Najiba Najib in an interview said, to the (long-Presse)," The Minister Oil confirmed that the budget bill does not involve sending any amount of the Kurdistan region, because the federal government did not receive him any amount of oil after June 20015 ", indicating that" Abdul-Mahdi said the government is waiting for the arrival of a delegation from the Kurdistan region to resolve that problem. "said Najib, "The oil minister also stressed that the licensing rounds now cost the state large sums of money after the fall in world oil prices." In turn, economist Mustafa Mohamed Habib said in an interview for the "long" that "licensing rounds Aktnfea ambiguity decades was in the spotlight for consideration by committees Specialized be supportive for government experiences that have not Tstqri future is clearly to pay the dangers of falling world oil prices. "He added that" the major oil-producing countries take great strides of time to study and scrutiny of energy contracts, which is one of the most dangerous decades because it controls the country's future for decades of years. "He said Habib "The previous government held four rounds of oil licenses at a time when the country is witnessing a state of security and political confusion so we find a lot of lapses that marred those contracts, which reflected negatively on the national economy when oil prices decline at the moment." He said the "drop in prices from $ 120 a barrel to nearly $ 40, such as the loss of an estimated two-thirds of the financial revenues and that was not the contractors account, which the latest big deficit in the budget of the country which depends 95% on Iraqi oil sales. "He noted that" the real problem lies in the government's inability to raise energy ports export as well as to upgrade transport of piped capacity storage terminals while we find that foreign companies began stepping up production paces in line with the limits of these energies, what lose the Iraqi side, the ability to keep up with the accelerated production as provided for in the licensing contracts in. "He stressed beloved that" there is a great imbalance in the oil money received by the previous government, which is estimated at more than $ 750 billion spent indiscriminately without putting the right foundations to build a strong economy can his face future economic challenges administration. "He pointed out that" a review of contracts licensing rounds at the moment could cost Country concessions before the bitter sober attitude by foreign companies that are well prepared for the new rounds of negotiation. "  

[yota691]

It demands a review of the licensing rounds decades

 

 

         

9/12/2015 0:00 

Baghdad Muhannad Abdul Wahab  
called on the Commission on oil and energy parliamentary Oil Ministry to reconsider its first licensing rounds and second decades because they were not sober and caused wasting a lot of money due to poor performance of the ministry of administrative, legal, arguing that rely on advisers led to the loss of Iraq, a large proportion of its stake in favor of companies foreign oil.  
 The President of the Committee MP Ariz Abdullah that the Commission is currently investigating the licensing rounds through the project put forward by the Ministry of Oil, and expressed support for the policy of the Ministry of Oil in to put the draft to a review of the licensing rounds ». 
He said Abdullah, in an interview for «morning», that «the licensing rounds rechargeable considered despite the lapse of a long Guetrp to conclude contracts», noting that the conditions under which licensing rounds held are not the same circumstances through which the country now ». 
He said Chairman of the Committee that« the committee investigating the licenses », adding that« all persons who are required to attend Ststdeihm Committee of the host ». 
In turn, the committee member said Awad al-Awadi, an objection to the licensing rounds in the first round and the second, third and fourth lies in the discretion of the expenses of value, noting that it is too high and contains a lot of administrative errors . 
He said al-Awadi, told the «morning», that «mistakes lies in the first licensing rounds which were marred by significant weakness by the Ministry of Oil», pointing out that «the companies contracted by the ministry possesses great experience to conclude contracts and legal advisors, while not The ministry with the help of legal advisers of qualified and experienced so was the balance of foreign companies are probably in licensing rounds ».
He called al-Awadi, the Ministry of Oil to« amend the first licensing rounds and the second to ensure the interests of Iraq contracts », pointing out that the ministry« benefited from previous experiences during contracts subsequent licensing rounds ». 
The member of the Commission that« decades these tours concluded by the ministry caused big losses because it included wells worker while he should be competent fields unexplored », adding that« the administrative failure that occurred when the ministry is considered a kind of corruption and waste of funds Public paid by the Iraqi government to these companies ». 
He attributed the al-Awadi, the errors that occurred by the ministry in 2006, when it contracted with these companies as« did not have the necessary expertise in the conclusion of such contracts was not utilized experts and consultants, whether they are Iraqis or others », noting that« Committee will submit an application to host the former oil minister Hussain al-Shahristani (Higher Education for now) because he is responsible for the conclusion of these contracts in addition to that he served as deputy prime minister for energy in the second government ». 
He called al-Awadi, not to use foreign companies in licensing contracts and the conversion of these contracts to Iraqi companies operating such South Oil, Maysan and center company because these contracts are service contracts and the right of national companies ». 
In turn, assured committee member Mazen Mezni pursuit of the House of Representatives to host the former oil minister Hussein al-Shahristani, on the back of licensing rounds for decades. 
He explained Mazini, said in a statement,« We asked repeatedly that there will be accountability and interrogation of those who work on these tours »adding that« in the coming days will witness the interrogation of Iraqi people must know to stop him »he said parliamentary sessions. He added Mezni «We are living an economic crisis in terms of the drop in oil prices, and this has a negative impact on the lives of the Iraqi people», expressing the hope «that the price goes up so that the Iraqi citizens to secure their needs today and receive staff salaries, which we consider red lines». 
He stressed Mezni on «the importance of re-negotiating with foreign companies through licensing rounds after the problem which Iraq signed as a result of lower oil prices», pointing out that «the government's reforms is not a large familiarity in the case of oil companies and tours of licenses that exhausted the Iraqi people during the past 12 years».

[yota691]

Financial and oil discussing dues of foreign oil companies and reduce gas flaring

 

Thursday, 10 December 2015 10:18

 

 

 

         

 

 

 

Alsumaria News / Baghdad 
Ministry of Finance announced on Thursday for discussions with the Ministry of Oil on the financial dues of foreign oil companies, in addition to reducing the proportion of gas combustion. 

The ministry said in a statement Alsumaria News received a copy of it, "Both Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul-Mahdi discussed during their meeting at the oil ministry building in Baghdad, the financial dues of foreign oil companies operating in Iraq and their activities in the field of increased oil production, in addition to reducing the gas combustion, which would contribute to maximize the proportion of resources. "

 

 

The ministry added that "the meeting also discussed the means and common mechanisms of action that would contribute to overcoming the bureaucratic obstacles and in particular speed up business processes and simplify the computational limitations and settlement, which would ensure smooth cooperation on the one hand and provide support to Iraq's budget for the Federal 2016". 

And it signed the oil ministry in the years 2019 and 2010 contracts with international oil companies to develop oil fields, some of which were produced without the required level, as opposed to paying for the service of these companies for each extra barrel product.

[yota691]

Financial and oil discuss supporting the budget in 2016 and accruals oil companies

Dec 9, 2015

 

 

Our economy / Baghdad

Discussed the ministries of finance and oil on Wednesday, support the budget of 2016 and the dues of foreign oil companies operating in Iraq.

A statement by the Ministry of Finance Agency our economy news received a copy of "the ministers of finance, oil, Hoshyar Zebari, and Adel Abdul Mahdi, chaired the meeting attended by agents and managers of the relevant departments in both ministries, was discussed means and common mechanisms of action that would contribute to overcoming the bureaucratic obstacles and in particular speed up work procedures and simplify the computational constraints and resolution, which would have to believe Ansabih joint cooperation on the one hand and provide support to Iraq's budget for the Federal 2016 on the other hand. 
"He added that he" discussed the benefits of foreign oil companies operating in Iraq and activities in the field to increase production and reduce gas flaring thus contributing to maximizing resources, this was agreed to hold such meetings on a regular basis between the two ministries. "

[yota691]

Al-Awadi: the estimated value for the expenses of licensing rounds is very high and where administrative mistakes

Dec 9, 2015

 

 

 

 

Our economy / Baghdad

The committee member said Awad al-Awadi, an objection to the licensing rounds in the first round and the second, third and fourth lies in the discretion of the expenses of value, noting that it is too high and contains a lot of administrative mistakes. 
He said al-Awadi, said in a statement seen by the agency of our economy news, that «mistakes lies in the Rounds The first licenses that were marred by significant weakness by the Ministry of Oil », pointing out that« the companies contracted by the ministry possesses great experience to conclude contracts and legal advisors while the ministry had not done with the help of legal advisers of qualified and experienced so was the balance of foreign companies are probably in rounds licenses ». 
He called al-Awadi, the Ministry of Oil to« Amendment licensing rounds first and second to ensure that the interests of Iraq contracts », pointing out that the ministry« benefited from previous experiences during the conclusion of the subsequent licensing rounds decades ». 
The member of the Commission that« decades these tours concluded by the ministry caused big losses because it included wells worker while he should be competent fields unexplored », adding that« the administrative failure that occurred when the ministry is considered a kind of corruption and waste of public funds paid by the Iraqi government to these companies ». 
He attributed the al-Awadi, the errors that occurred by the ministry in 2006, when contracted with these companies as «did not have the necessary experience in the conclusion of such contracts was not utilized experts and consultants, whether they are Iraqis or others», noting that «the Commission will submit an application to host the former oil minister Hussain al-Shahristani (Higher Education for now) because he is responsible for the conclusion of These contracts in addition to that he served as deputy prime minister for energy in the second government ». 
He called al-Awadi, not to use foreign companies in licensing contracts and the conversion of these contracts to Iraqi companies operating such as the South Oil Company and Missan and center because these contracts are service contracts and the right of national companies.» 
In turn, member of the Committee stressed Mazen Mezni quest to host the House of Representatives and former Oil Minister Hussein al-Shahristani, on the back of licensing rounds for decades.

[yota691]

Parliamentary Energy held a seminar attended by the Minister to discuss the oil licensing rounds

History of edits:: 2015/12/13 12:25 • 57 visits readable

[baghdad - where] 
the Commission on oil and energy parliamentary seminar was held on Sunday in the presence of the oil minister to discuss the licensing rounds.

According to a parliamentary source told all of Iraq [where] that "the Commission on oil and energy and natural resources Parliament held a special symposium contracts oil licensing rounds in the presence of Oil Minister Adel Abdul Mahdi, Advanced and staff of the Ministry and a number of experts and Albahthein in this Amajal.anthy 14

[yota691]

Abdul-Mahdi: oil exports reached three million and 950 thousand barrels per day

 

Sunday 13 December 2015 12:52

 

 

 

 

         

 

 

 

Alsumaria News / Baghdad 
Oil Minister Adel Abdul Mahdi, on Sunday that Iraqi oil exports from southern ports amounted to three million and 950 thousand barrels per day, noting that the ministry has notes about oil licensing and strive to open consultations with companies to solve them. 

Said Abdul-Mahdi, hosted by the Commission on oil and energy parliamentary session to discuss the latest developments in the oil licensing contracts, and attended by Alsumaria News, he said that "oil exports reached on the tenth of this month to 3.95 million barrels without exports from northern Iraq."

 

 

He said Abdul-Mahdi said "I came to the Committee came to introduce the latest developments in the oil licensing contracts and look at the proposals and observations available to the House of Representatives on those licenses," adding that "there are observations we have about those licenses and work during this period to open consultations with companies that take in aspects including confidential in nature. " 

He said Abdul-Mahdi, "The Ministry is keen to deliver those contracts to serve the final results of the Iraqi people," pointing out that "there are great efforts being made to increase the volume of oil exports." 

The Oil Ministry announced on the first of December, a significant rise in the exported quantities of crude oil for the month of November to nearly 101 million barrels, explaining that "the average daily oil exports for the same month amounted to 3,000,365 thousand barrels."

[yota691]

Parliament decided to extend the oil licensing rounds to 25 years

History of edits:: 2015/12/13 14:32 • 8 visits readable

[baghdad - where] 
the Commission on oil and energy parliamentary member said on Sunday, "it was the extension of the licensing rounds from 20 to 25 years.

He said Mazen Mezni in a press conference with a number of deputies at the parliament building. "We made ​​a number of observations to Oil Minister Adel Abdul-Mahdi, Prime Minister Haider al-Abadi on some of the violations and suspicions of corruption", indicating that it was the extension of the licensing rounds from 20 to 25 years and reduce the partner's share Government of the original quota. 
"He said Mezni that" within the original contract from the Arabic version is pushing Iraq to companies in compensation for oil, which could firms licensing production tours, pointing out that Iraq has already paid $ default within 2014 and 2015 expenses because of the bad conditions in the ports of export " . 
He said the "cost of oil production rose to $ 23 a barrel because of licensing rounds while she was not to exceed $ 8 in previous years because of binge exchange is unreasonable and departments failed in the licensing rounds." 
and between the Oil and Energy Committee member, said "the FAO warehouse will not be completed until 2018 Because Orders non-conforming operating conditions and export facilities within the Japanese loan has not been completed because of corruption and as a result has been demand from oil companies within the licenses to wait rounds to step up production under the pretext of the lack of liquidity, but the truth is to hide corruption orders pumps turbo pumps assistance to warehouse Faw oil, which will cost Iraq fines not to Iraq's ability to store and discharge of oil. 
"The Commission on oil and energy parliamentary met Sunday with Oil Minister Adel Abdul-Mahdi to discuss oil licensing round" .anthy

 

[yota691]

Oil Minister: without assigning parliament and political forces we will not be able to solve the energy crisis with Kurdistan

History of edits:: 2015/12/13 15:05 • 4 visits readable

[baghdad - where] 
Oil Minister Adel Abdul Mahdi said on Sunday that without attribution by the House of Representatives and the political forces of the ministry will not be able to end with the oil crisis of the Kurdistan region.

And between Abdul-Mahdi during the Commission on oil and energy parliamentary seminar on licensing rounds "We will not be able alone to end the crisis with Kurdistan region over oil," adding that "the licensing rounds contracts bring many benefits to Iraq and should focus on and address the failures occurring Bcesp decline in global oil prices . 
"The Commission on oil and energy parliamentary seminar was held on Sunday in the presence of the oil minister to discuss the rounds Turakhas.anthy

[yota691]

Oil parliamentary launch an attack on oil licensing rounds and confirm the loss of large sums of money because of Iraq

December 13, 2015

 

 

Our economy / Baghdad
launched a number of members of the Commission on oil and energy parliamentary, on Sunday, an attack on the licensing round, which was signed by Iraq with major foreign companies over the past years, stressing that it extends for many years and led to increased loss of Iraq large sums of money. 
The committee member said Mazen Mezni in conference journalist held with a number of the House and attended by the correspondent of the agency, "our economy" news "We made ​​a number of observations to Oil Minister Adel Abdul-Mahdi and the Prime Minister on some of the violations and suspicions of corruption," noting, "it was the extension of the licensing rounds from 20 to 25 years and reducing the government partner's share of the original quota for the failure of the ministry to provide the injection water which placed Iraq as part of his responsibility when signing the contract. 
"He said Mezni that" within the original of the Arabic version of the contract is pushing Iraq to companies compensate for the amount of oil that can firms licensing production tours and the failure of the ministry safe or marketed, "pointing to "Iraq has already paid $ default within 2014 and 2015 expenses because of the bad conditions in the ports of export." 
And that "the cost of oil production rose to $ 23 a barrel because of licensing rounds while she was not to exceed $ 8 in previous years because of binge exchange non-reasonable and departments failed Within licensing rounds. 
"He said a member of the Oil and Energy Committee that" the FAO warehouse will not be completed until 2018 because of orders non-conforming operating conditions and export facilities within the Japanese loan has not been completed because of corruption and as a result has been demand from oil companies in the licensing rounds to wait to step up production due to the lack provide liquidity, but the truth is to hide corruption orders pumps and turbo pumps FAO assistance to the oil depot, which will cost Iraq fines not Iraq's ability to store and discharge of oil. "

[yota691]

 

 

Iraqi oil fields

Abdul-Mahdi: Iraq's fourth globally in oil production and seek to legalize licensing contracts

 

Author: AHF, BS, MK 
Editor: AHF, BS 2015/12/13 16:09Number of Views: 178 

 

 

 

Long-Presse / Baghdad

Denied Oil Minister Adel Abdul Mahdi, on Sunday, to be oil production cost through licensing higher material yield rounds, and pointed out that Iraq's income from the year 2009- 2014 exceeded $ 340 billion, and among Iraq to legalize oil contracts seeks cooperation with oil companies , he stressed that Iraq had reached Ranked to fourth globally in terms of production.

The oil minister said at a conference held in the Parliament and attended (range Press), he was "raised in the recent talk of licensing rounds and that cost her more than payback," noting that "Iraq depends on oil resources and exceeded his income since 2009 to 2014 the barrier of 340 billion dollar. "

Abdul-Mahdi said "we did not pay only 10% of this amount and the talk about high production cost in exchange for financial return is incorrect," pointing to "the ministry has sought to codify these contracts in collaboration with the companies to negotiate with them."

And between the zapper oil that "the Iraqi oil production rates and since 2003 was no more than 2.4 million barrels while exports from the south increased from 3.7 million barrels and two days before approaching 4 million barrels," noting that "Iraq is the fourth production in the world and third in exports hand" .

He added that Abdul-Mahdi, "to save the licenses for the oil sector contracts," describing keep the oil sector to "previous methods of production and falling behind, in what is for our own giant companies that work great national effort."

Iraq is seeking through the development of oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day, and to 12 million barrels per day after the addition of quantities produced from other fields of national effort.

 

[Calijim1]

Looks like they are gonna have some oil money to share if they can just get the HCL passed.

[yota691]

Efforts to re-examine the rounds of licenses to ensure the highest benefit for Iraq

 

 

         

12/14/2015 0:00 

 BAGHDAD Shaima Rashid - Tariq al-Araji - Muhannad Abdul Wahab 

hosted the Commission on oil and energy parliamentary Oil Minister Adel Abdul-Mahdi to discuss the oil licensing rounds and the proportion of oil production and if they contain tours corrupt administratively or financially at a time when Baghdad waiting for the arrival of a delegation from the Kurdistan region of Iraq to discuss the files outstanding power between the federal government and the province. 

Chairman of the parliamentary energy Ares Abdullah stressed the need to inform Parliament on the desired concluded oil contracts interest, calling on the government to take all economic measures and finding substitutes for oil to increase imports of the country. 

Abdullah said through hosting attended by «morning »: regardless of the circumstances in which entered into licensing rounds decades of political and security terms, but there are a lot of questions and inquiries by the House of Representatives and the media and experts petroleum and civil society organizations on them, stressing the knowledge of parliament for what the contracts and positions of foreign companies and interest desired economic reality of the country . 

Chairman of the Committee and Minister of Oil and officials in the Ministry and called for a clarification of everything related to licensing contracts and the adoption of Notes of Representatives for decades an important pillar for the public interest, as the government called for a diversification of income sources and not rely on oil as the main source of the country, stressing to take all measures that that will increase the overall budget production to be the Iraqi economy sober is not affected significantly in volatility made ​​in the price of oil. Iraq's exports rise to nearly four million, the oil minister Adel Abdul Mahdi, announced the rise of Iraq's oil exports in the tenth of this month to 3.95 million barrels except northern Iraq exports. said Abdul-Mahdi during Hosting: «that his presence to the Committee came to present the latest developments of the oil licensing contracts and look at the proposals and observations available to the House of Representatives around, revealing open consultations with the oil companies a secret character, citing secret the existence of privileges will be granted to the company at given to the other and each franchise is subject to the type of contract and privileges of exploration and production, stressing the desire of the ministry to deliver contracts to final results serve the Iraqi people and that there are great efforts being made ​​to increase oil exports, which reached the tenth of this month to three million and 950 thousand barrels without exports from northern Iraq size . For his part, he praised Attorney in the Legal Committee endorsed frankincense tours licenses held by Alarac.oukal frankincense in a statement to «morning»: The licensing rounds of the most prestigious contracts, indicating that the flaw is not in the service conducted decades, but in the execution, calling for regulators to Review disbursements companies that cause imbalance, explaining that does not return to rounds of licenses. On the other hand revealed that the Ministry of Oil for the imminent arrival of a delegation from the Kurdistan region to find the best solution to end stuck between the two sides oil file, confirming that the region so far the federal government did not deliver any quantities of oil produced there or the product of Kirkuk. The ministry official said the source of the "morning": that a senior delegation from the Kurdistan region is scheduled to arrive to the capital Baghdad soon to resolve the pending for several months the oil file, it is assumed that the province handed over 550 Center thousand barrels per day, 400 thousand of oil produced in it and 150 thousand barrels of oil produced in Kirkuk oilfields, but the region so far, did not deliver any quantities remember. high production costs he said Oil and Energy Committee member Mazen Mezni in a press conference with a number of MPs and attended « Sabah »:" We made ​​a number of observations to Oil Minister Adel Abdul-Mahdi and the Prime Minister on some of the violations and suspicions of corruption ", indicating that it was the extension of the licensing rounds from 20 to 25 years and reducing the government partner's share of the original share of the failure of the ministry to provide the injection water developed by Iraq within the responsibility upon signing the contract. He Mezni that "within the original Arabic version of the contract is pushing Iraq to companies as compensation for the amount of oil that can companies rounds licenses production and fail ministry safe or marketed, pointing out that Iraq has already paid $ default within 2014 and 2015 expenses because of the circumstances bad in export ports. and between Mezni that the cost of oil production rose to $ 23 a barrel because of licensing rounds while she was not to exceed $ 8 in the previous years due to excessive exchange and departments failed in the licensing rounds. He explained Mezni "The FAO warehouse will not be completed until 2018 because of Orders non-conforming operating conditions and export facilities within the Japanese loan has not been completed because of corruption and as a result has been demand from oil companies within the licenses to increase production under the pretext of a lack of liquidity rounds but the truth is to hide the corruption orders pumps turbo pumps assistance to warehouse Faw oil, which will cost Iraq fines for his inability the storage and discharge of oil. "

[yota691]

Parliamentary reveal new oil fields in the provinces need to rounds licenses

Economy and Tenders

 Since 12/15/2015 13:33 pm (Baghdad time)

Special - scales News

Detection of Oil and Energy Committee in the House of Representatives member Zaher al-Abadi, Tuesday, for new oil fields in Iraq's provinces need to investment licenses rounds, confirming the presence of a defect in the old tours.

 

Ebadi said L / scales News / "The old licensing rounds are four rounds of the major fields entered," pointing out that "there is a new exploration of new fields in the provinces of Iraq needs a new licensing rounds."

 

He said a member of the Oil and Energy Committee that "Iraq needs to take the time to grant licenses for other tours on the grounds that there is a flaw in the old licensing rounds have not taken the previous time."

 

The Commission on oil and energy in the House of Representatives held a seminar attended by Oil Minister about licensing rounds on Sunday.

 

The oil minister, Adel Abdul-Mahdi, that the cost of licensing rounds contracts exceed its revenues, pointing out that what came to Iraq from those contracts exceeded $ 340 billion, as he emphasized that oil production in Iraq surpassed the four million barrels. / Ended 29 n / 10

[yota691]

Parliamentary Power: No high oil and companies ready to negotiate on licensing rounds

December 17, 2015

 

 

 

Our economy / Baghdad
was likely the Commission on oil and energy parliamentary member Jamal Panthers, not a rise in oil prices over the next year 2016. 
The Panthers, the "Oil prices will remain low in 2016, because the supply in the market of oil more than required, and as long as the supply more Van Price will remain low, as OPEC did not agree to reduce production. 
"He added that" Iraq, it needs a quick sums, the prices lower than the market even, A week ago he sold quantities obliged B30dolara, also sold to 32 and $ 37, and because it is obliged to not having ships and stores a backup, what carry staying and delay bears Iraq survival costs, and can not wait for daily needs. 
"And on the licensing rounds, that" the cost of a barrel in licensing rounds, ranging from $ 5 to 10 or $ 12, no more so in the worst case, "pointing out that" the numbers that you hear in the media all of which is 100% correct. 
"He pointed out that" the ministry and the Commission on oil and energy parliamentary have orientation on the need to re-examine contracts licensing rounds, and the agreement of a new commensurate with the prices of the current oil and the development of Iraq and this was directed ministry Committee of parliamentary ". 
and between "The companies and according to the Minister of Oil and agents ready to negotiate, but the government has to take into account," noting that "one of the proposals that are increasing the contract period The agreement with it for a period of 20 years can be increased to three years in some of the contracts to six years in other contracts, and on the basis of this duration are increased to 25 and then given room for renewal. 
"The Organization of Petroleum Exporting Countries decided at a meeting in the fourth of this month, raising the level of its production to 1.5 million barrels per day, to be a daily total of 31.5 million barrels, which led to the drop in oil prices to more than 2% , as Abdullah al-Badri said the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), last Tuesday, that low oil prices will not last and will change in a few months or in a year.

[yota691]

Iraq to ensure the payment of debts of 26 trillion dinars for companies of oil licensing rounds

 December 16, 2015    34
   




Commission on oil and energy parliamentary revealed that Iraq ensure the payment of twenty-six trillion dinars debts owed ​​it to companies of oil licensing rounds. 
member of the committee MP Ali Faisal al-Fayad said, after follow-up and monitoring what is going on in the annual budgets, it has been added paragraphs on the budget items the government is required to reconsider oil licensing rounds, and it has already been voted on in the budget bill for the year two thousand and sixteen, and pointed out that that debt has made ​​the country bear the expenses as a result of the continued decline in oil prices and Iraq that drain resources.

[yota691]

Oil Minister: the Odeon for foreign companies and review licensing contracts with them

History of edits:: 2015/12/20 13:29 • 43 visits readable

[baghdad-where] 
Oil Minister Adel Abdul-Mahdi, the lack of debt of foreign oil companies operating in Iraq, "adding" oil licensing rounds with a review of contracts of these companies. "

Said Abdul-Mahdi, in an article seen by the agency all of Iraq [where] "There are no debt on Iraq, and paid off each chapter is operational and capital expenditures for the previous separation or some of the remainder of the one before it, with all the Iraqi and foreign labor, imports and facilities and major works and secondary pay for companies, in addition to the profit of the company which is [1.15-6] dollars for each extra barrel up the production of the foundation]. 
"He explained that" mistakes committed by some confusion on them, and on public opinion vision, is that they calculate expenses like the return for companies, or counted Only exports and beat that in the current oil prices, and forget the whole production, Vijrgeon rates do not match at all with reality. 
"He pointed out Abdul-Mahdi, that" what is consumed internally [refineries, electricity and other] figures preliminary, and measure the rest of the year on year rate, and neglecting some of the details, will be by the end of 2015, the size 184 593 111 barrels of oil, which is what constitutes 15.32% of the total production, which could be up to 1,204,92,362 barrel. 
"And that," and this will be the value of what we consume internally 8405 barrels, to cope with declining resources, "adding," We continue cooperation with the companies to rationalize spending and remove any unnecessary expenses or exaggerated, and there are other things in the contracts we are settled, and did well the House of Representatives in the budget of 2016, that the request of the Ministry of Oil work on the revision of contracts and negotiate with the companies, which is what we are doing. " . 
The oil minister said that "decades of licenses is a service or decades contractor to sustain and develop oil and gas fields, and manages the operation of joint committees between the two parties under the chairmanship of Iraqi party owner of the majority," adding that "this committee decides to production and project implementation plans, and at the end of each chapter [3 months] companies User expenditures, which scrutinizes progress, and are accepted headquarters of them, the ministry of you pay for companies, either in quantities of crude calculated at current prices, or cash. 
"He said," To understand the licensing contracts must understand that what you get Company of the profit is the amount lump [uS $ / barrel 1.15-6, according to contracts] for each additional barrels when production exceeds 10% of so-called production basis, any production of the field before signing the contract, and, of course, also pay the operating and investment expenses of the business and the purchase of equipment and installation facilities, and spent by the company to sustain production and development of the field, "noting that" the duration of his contract, also has a roof-called peak production, and be all the installations and oil underground king of Iraq ".anthy