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US report: Iraqi approach to extend an oil pipeline towards Syria


yota691
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11:25 04.07.2018(Updated 11:31 04.07.2018)

Kurdistan Regional Government President Nigervan Barzani announced on Wednesday (July 4th) that his government is ready to negotiate with Baghdad to export Kirkuk oil through the region.

Barzani said at a news conference that "the Kurdistan region is ready to coordinate with Baghdad to export Kirkuk oil across the region," adding: "The right of the people of Kurdistan to see the sale of oil," according to the site, "Rudao" Kurdish .

 

President of the Kurdistan region of Iraq Massoud Barzani
© AFP 2018 / SAFIN HAMED
 

Barzani said: "We have a common enemy with Baghdad is a preacher , and are ready to cooperate with Baghdad to confront the urge in all areas," stressing: "We refuse to use the territory of the Kurdistan Region to attack neighboring countries."

 

The crisis, which broke out between Baghdad and the Kurdistan region since the last referendum referendum, on 25 September last year , is currently a breakthrough and moves to resolve the existing differences.

The crisis also includes several problems on top of which the administration of the so-called "disputed" areas in accordance with article 140 of the Constitution, most notably Kirkuk, which is considered the richest oil city in Iraq, in addition to the management of border crossings and the benefits of Peshmerga forces and employees in the region and its share of the federal budget.
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Al-Allaibi expects fluctuations in world oil prices

   
 

 
 


05/7/2018 12:00 am 

 Baghdad / Tareq al-Araji
Oil Minister Jabbar Ali al-Luaibi expected fluctuations in world oil prices according to the changes taking place, but it will not make a big difference from current prices. A group of Korean companies started building Karbala refinery with a capacity of 140,000 barrels after overcoming some financial and technical problems. Al-Allaibi said in a statement to Al-Sabah that "world oil prices are subject to the political and economic factors and the stability of the market, and that Iraq is watching the existing changes, anticipating fluctuations in market prices, but it will not make a big difference in prices." The minister, That «the beginning of time The current BoE has seen turbulence in the oil markets and the benchmark Brent crude fell 2.4 after rising last week, Brent fell $ 1.93 in the settlement to $ 77.30 a barrel and the WTI fell 21 cents in the settlement to $ 73.94 a barrel. On the other hand, the Minister of Oil, the ministry's keenness to expedite the rehabilitation of Al-Samoud refinery (Baiji previously) to form an important and support for the liquidation sector, directed the North Refineries Company to begin to rehabilitate the unit Salah al-Din / 1 card 70 thousand barrels per day. Salahuddin / 2 card 70 thousand barrels will enter into production before the end of this year, after the completion of national rehabilitation efforts to form a new addition to the liquidation sector, and provide good quantities of kerosene, white oil, liquid gas, naphtha and black oil, covering a large part of the local need " "Said spokesman Assem Jihad "The Allaibi instructed the concerned authorities in the ministry and in the North Oil Company, the introduction of Salah al-Din Petroleum Authority." The Jihad, in a statement to "morning", "The development of the Commission comes within the concerns of the Ministry in the development of oil fields and facilities in Salahuddin province, which is one of the most promising provinces in the sectors of extraction and liquidation of the important fields and oil installations, and the Ministry has developed plans for reconstruction And rehabilitation and increase production of them. "Jihad also stressed that" the group of Korean companies started under the chairmanship of Hyundai business construction of the refinery Karbala 140 thousand barrels after passing some of the financial and technical problems that accompanied the work and the completion period ranging from (4-6) years, "referring to "The companies executing the project have been completed Glossy private business infrastructure and began setting up units and devices and special equipment Palmcefy. "
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The process of "revenge of the martyrs" began with wide military participation

   
 

 
 


05/7/2018 12:00 am 

Baghdad / Al-Sabah / conscious

Kirkuk / Nahdet Ali 

Tikrit / Sameer Adel

 Witnessed the first hours of the start of the process of «Revenge of Martyrs» large-scale launched at dawn on Wednesday from several axes .. Achieve rapid achievements in the clearing of areas east of Diyala-Kirkuk, especially the section opposite to the district of Tuzhermato, as well as the killing of a number of terrorists and the seizure of their weapons. 
Rapid Response Hub  
The spokesman of the Center for Security Information, under the command of joint operations, Brigadier Yahya Rasool, yesterday morning, the start of a large-scale military operation to clear the areas located east of the Diyala-Kirkuk road, noting that the operation was under the command of operations with the participation of pieces of the army and federal police and rapid response and popular mobilization And the police of Diyala and Salah al-Din provinces and in coordination with the Peshmerga forces and the support of the Air Force, Air Force and the International Alliance.He said that during the first hours of the operation, the forces of the Rapid Response Squad succeeded in achieving their goals and reaching a settlement with the Peshmerga forces covering the administrative borders of Sulaymaniyah province, adding that the forces found eight explosive belts, guided missiles and two bazooka launchers. Secret caches in the rugged hills of the terrorists, dismantled 21 explosive devices, seized a wheel for water transport and two wheel-drive vehicles, as well as clearing the villages of Agha Mashit, Shiraa, Balkana, Nahran and Balka.


In a 
statement issued by the Iraqi News Agency, Brigadier Rasool confirmed that the federal police forces killed one of the perpetrators of the operation, arrested 9 others, destroyed 9 secret caches and a car bomb, and found a 120 mm mortar A medical center and another to train these terrorists. 
A statement issued by the security information center said that the heroes of the federal police, as part of the "revenge of the martyrs" operation, also killed five terrorists, destroyed 5 car bombs, seized a mortar, 3 cannons and a rifle, 100 shells, and four 14.5mm containers. And destroyed four tunnels and 10 additives and treated 8 improvised explosive devices, as well as the destruction of a training center for the poor in the village of Oroba and cut off the road to the direction of Jempour oil fields north and south.
For their part, the Air Force heroes, in coordination with the Salah al-Din Operations Command, managed to destroy a cache of terrorist gangs inside which 10 explosive devices were installed in the Makhal mountain range. 
In the meantime, a senior officer of the federal police forces, the morning correspondent in Kirkuk, that these forces completed under the supervision of its leader, Major Raid Shaker, mobilized towards the areas of south and south-west of the province within the readiness to begin the implementation of the other phase of the revenge of the martyrs to secure those areas after clearance from The remnants of the terrorists fleeing and hiding there, noting that the forces and within the duties assigned to it was able to complete the inspection of the villages of Kharabah, Balkana, Safraly and Shawwal, Hamdaniyah and Shereid and the first rain, which resulted in the seizure of the remnants of the arrest and arrest of suspects, Kirkuk. Chief of Staff in the field 



The head of the army's general staff, Othman al-Ghanmi, inspected the operations of Diyala on Tuesday, accompanied by his operations assistant, commander of the ground forces, director of military intelligence and a number of officers. A statement issued by the Ministry of Defense said that the commander of the operations provided a detailed summary of the leadership activities of the search, search and raid and the latest security developments within the responsibility sector, and then the chief of staff conducted a field trip on the road to Diyala - Kirkuk .. He stressed during his meeting with the commander of the brigade responsible for ensuring the protection of the road to optimal use And to focus on the ambushes and hold the road tightly and strike with an iron hand on anyone who begs himself to tamper with the security of citizens. 
Al-Ghanmi pointed to the need to continue the work exposed, activate the intelligence effort and tighten the loose ends of the border, and stressed the need to take utmost care  
and caution.


The role of the Air Force To  
that revealed the head of the security committee in the Council of Diyala Sadiq al-Husseini, that the chief of staff of the army held a series of important meetings with senior security leaders in the provinces of Diyala, Salah al-Din and Kirkuk dealt with securing the Kirkuk-Baghdad road and address the remaining hot spots and work To fortify the administrative borders common between these provinces. Al-Husseini pointed out that the army will participate for the first time in the plan to protect this road with the participation of the three provinces, especially that the General Command of the Armed Forces pays great attention to the security file of the Baghdad-Kirkuk strategic road in order to enhance the capabilities of the troops with air cover at any emergency and provide fire support when necessary. 
Al-Husseini stressed that the road will see in a short period of time a series of preventive measures to ensure the prevention of any violations. 
Western axis 
That a joint force of the command of Salah al-Din operations carried out a raid on secret hideouts of the remnants of a terrorist in the area of the opening and mountains of Makhoul within the district of Baiji, as told by the Director of Security and Intelligence Operations Command Col. Hamid al-Ugaili, who explained that a joint force of intelligence and security command operations Salah Eddin The 91nd Infantry Brigade and the Directorate of the Governorate Police accompanied by a force of the Directorate of Military Intelligence and air cover of the Air Force carried out a raid on the hideouts of these terrorists in Al-Fatha and Jabal Mukhoul. The force managed to reach the target and found explosive materials, explosive belts, And said that the security forces are working continuously based on the intelligence effort and accurate information in order to target criminal gangs and ensure all the districts and sub-districts For the governorate

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GULF KEYSTONE PETROLEUM LTD.

07/06/2018 | Press release | Distributed by Public on 07/06/2018 04:28

Completes USD 100 Million Bond Issue

RNS Number : 8722T
Gulf Keystone Petroleum Ltd.
06 July 2018

6 July 2018

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Completes USD 100 million bond issue

Gulf Keystone Petroleum Ltd., operator of the Shaikan Field in the Kurdistan Region of Iraq, is pleased to announce the successful completion of the private placement of a 5-year senior unsecured $100 million bond issue (the "New Notes"). The New Notes will be issued at 100 percent of par and carry a 10 percent fixed semi-annual coupon. The bond placement received strong investor demand, both from existing and new investors across international markets and was oversubscribed.

The New Notes issue is expected to settle on or about 25 July 2018, subject to customary conditions precedent. An application will be made for the New Notes to be listed on an appropriate recognised exchange. The proceeds from the New Notes will be used to refinance all of Gulf Keystone's existing $100 million Guaranteed Notes due 2021 (the "Existing Notes").

With respect to the Existing Notes that have not tendered for exchange, the Company intends to exercise the option to redeem all of the Existing Notes then outstanding at par value according to the call option, expected to take place on 26 July 2018.

Jón Ferrier, Gulf Keystone's Chief Executive Officer, said:

"Following our recent announcement of the resumption of investments at the Shaikan Field to increase production to 55,000 bopd, an increase by about 70% compared to current levels, this refinancing resets the Company's capital structure that was put in place in conjunction with the restructuring in 2016. This is another positive milestone for the company and the Kurdistan Region of Iraq.

We also look forward to updating the market on our plans to increase production to 75,000 bopd and up to 110,000 bopd in due course."

Sami Zouari,Gulf Keystone's Chief Financial Officer, said:

"The refinancing confirms the substantial progress achieved by the Company. The New Notes considerably strengthen the Company's financial capabilities as we embark on our next investment phases in the Shaikan field."

Pareto Securities acted as sole manager for the bond issue.

Enquiries:

Gulf Keystone Petroleum:

+44 (0) 20 7514 1400

Jón Ferrier, CEO

 

Sami Zouari, CFO

 

 

 

Pareto Securities

+47 22 87 87 71

Inge Edvardsen

 

Celicourt Communications:

+44 (0) 20 7520 9266

Mark Antelme

Jimmy Lea

 

or visit:www.gulfkeystone.com

http://www.publicnow.com/view/47768BA2579898340F778D69AD3556774CCBF961?2018-07-06-12:00:15+01:00-xxx1587

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The total of Iraq's oil revenues during the first half of this year

01:23 - 09/07/2018

 
image
 
 

 

Special - Mawazine News 
The Ministry of Oil announced on Monday, the total revenues of oil exports abroad, the first half of this year. 
"Oil exports for the first half of this year reached (40.345.235) billion dollars on the export of (625,193.749) barrels," ministry spokesman Asem Jihad said in an interview with Mawazine News.

109720186584.PNG 
Iraq relies heavily on oil exports to revive its annual budget

 

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  • yota691 changed the title to Iraq sells oil for $ 40 billion in the first half of 2018
Release date: 2018/7/9 14:51 • 301 times read
Iraq sells oil for $ 40 billion in the first half of 2018
The Ministry of Oil announced that the ministry has achieved a remarkable increase in the rate of exports and revenues from crude oil sales for the first half of this year 2018 compared to the first half of last year 2017.
"The total revenues for the first half of this year 2018 amounted to 40 billion and 345 million and 235 thousand dollars, while the revenues achieved for the first half of last year 2017," a statement of the ministry received the agency {Euphrates News} a copy of the Minister Jabbar Ali al-Allaibi said, 27} billion and 642 million and 329 thousand dollars. " 
He added that "the total exports achieved for the first half of this year 2018 also recorded an increase in their rates was 625 million and 193 thousand and 749 barrels, while in the year 2017 past 592 million and 439 thousand and 163 barrels."
Al-Allaibi pointed out that "the average selling price for the month of June 2018 has witnessed a rise compared to the month of June of 2017 last year, which amounted to (69,322) dollars per barrel, while the selling rate for 2017 {42,067} dollars a barrel," adding that " Reducing the proportion of deficit in the federal budget for this year. " 
It is noteworthy that Iraq relies on its annual financial budget on oil imports by more than 90%. is over
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Tuesday 10 July

 

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Alsumaria News / Baghdad 's 
Oil Ministry announced on Tuesday it has extended the bidding project in Kut refinery of 100 thousand barrels per day. 

The ministry said in a statement received by Alsumaria News, a copy of it "extended the submission of tenders in the draft refinery Kut 100,000 barrels per day to the fourth of the month of October next." 

The ministry added that "the refinery will be implemented in the manner of construction, operation and transfer of ownership in accordance with the law of investment in refineries No. 64 of 2007 and its amendments," noting that "products of the refinery must be environmentally friendly and in accordance with international standards."

 
 


The ministry pointed out that "the investor will be covered by tax exemptions and the discount rate on the price of crude oil on the ship is 8% but not less than 5 dollars and not more than 10 dollars from the world price." 

The ministry pointed out that "the price of the information bag for the refinery will be 30 thousand dollars on the date of closing the sale of bags end of the official working day on Sunday, the fifth of next August and the deadline for receipt of documents submitted by companies wishing to invest in the refinery above the end of official working on Thursday coincident The fourth of the month of October next. " 

In August 2016, the Ministry of Oil called for qualified and financially qualified companies to invest in 4 oil refineries, including the Kirkuk refinery with a capacity of 150,000 barrels per day, refinery in Kut with a capacity of 100 thousand barrels per day and refinery in Samawa with a capacity of 70 thousand barrels per day and refinery in Basra with a capacity of 100-150 thousand barrels per day .

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China: Iraq is the third largest trading partner in Arab countries

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Tuesday 10 July

 

Alsumaria News / Baghdad
China announced on Tuesday that Iraq is the third largest trading partner in the Arab countries, noting that China buys large quantities of Iraqi oil. 

"Iraq is the biggest trading partner in the region for many years," Chinese Ambassador to Iraq Chen Weiching said in an interview with Alsumaria News. "Iraq is the third largest trading partner in the Arab region after Saudi Arabia and the UAE." 

"China buys more than 36 million tons of Iraqi oil and China exports its products to Iraq, such as cars, telecommunications and electrical appliances," he said.

 

Iraq's OPEC representative: We target the market balance, not the price of oil

Iraq plans to build a floating oil island



Iraq signed an agreement with the People's Republic of China in December 2015 during Prime Minister Haidar al-Abadi 's recent visit to China, with five agreements and memoranda of understanding for economic, technological, military, diplomatic, oil and energy cooperation.

https://www.alsumaria.tv/news/241469/الصين-العراق-ثالث-اكبر-شريك-تجاري-بالدول-العربية/ar

 

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Editorial Date: 2018/7/10 13:55  56 times read
Extension of tender period for the establishment of the Kut oil refinery
The Ministry of Oil announced on Tuesday the extension of the deadline for foreign companies and investors to bid in a project to build a refinery capacity of 100 thousand barrels per day in the city of Kut.
A statement of the ministry received the agency {Euphrates News} copy of it that "the deadline for applications to companies wishing to invest became the fourth of October next." 
He added that "the implementation of the refinery project will be the model of construction, ownership and operation or construction and operation and transfer of ownership." 
The oil refinery, which is held in Wasit province, is one of several projects to deal with crude oil posed by Iraq as part of its plan to achieve self-sufficiency in oil derivatives.
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$ 40.4 billion Iraq's oil revenues in the first half

$ 40.4 billion Iraq's oil revenues in the first half
Iraq's crude oil exports rose to 625.19 million barrels
 
 
 
 10 July 2018 02:14 PM


Iraq's revenues from crude oil sales in the first half of this year rose to $ 40.35 billion from $ 27.64 billion in the first half of last year.

The Iraqi Oil Minister said in a statement on the ministry's website that his country's exports of crude oil rose to 625.19 million barrels compared to exports of 592.44 million barrels in the first half of last year.

Jabbar al-Luaibi said that the average selling price for June of this year rose to 69.322 dollars per barrel, compared to 42.067 dollars a barrel in June last year.

Al-Allaibi said that this will contribute to reducing the proportion of deficit in the federal budget for this year.

Iraq's exports of crude oil in May rose to 108.175 million barrels, with revenues of $ 7.55 billion .

In April, the Iraqi cabinet approved a plan to increase the country's crude production capacity to 6.5 million bpd by 2022.

Iraq produces more than 4.4 million barrels per day (bpd) in line with the 14-member Organization of the Petroleum Exporting Countries (OPEC) cut-off agreement and some outside producers, including Russia.

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An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group.

What’s more, the source said that Beijing is planning to slap tariffs on U.S. crude oil imports and replace them with West African and Middle Eastern crude, including crude from Iran. China has already said that it will not comply with U.S. sanctions against Iran and it seems to be the only country for now in a position to do this.

U.S. crude oil exports to China reached 400,000 bpd at the beginning of this month, but now Beijing is planning to impose a 25-percent tariff on these as part of its retaliation for Trump’s latest round of tariffs on US$34 billion worth of Chinese goods. The retaliation began with tariffs on 545 U.S. goods worth another US$34 billion, but, Reuters reports, the oil tariffs will be announced at a later date.

Energy analysts seem to believe that these oil tariffs are more or less a certainty, and now expect a reshuffle of crude oil imports to Asia. With China turning to Iran for its crude, U.S. oil could start flowing in greater amounts to another leading importer in the region, South Korea. Related: Big Oil’s Next Major Move

 

 

“If China retaliates with tariffs on U.S. crude, that could improve South Korea’s terms of buying U.S. crude...because the U.S. would need a market to sell to,” on analyst, from the Korea Energy Economic Institute.

Meanwhile, South Korea’s embassy in Iran this weekend rejected media reports that the country had suspended oil purchases from Iran under pressure from the United States. The country is the third-biggest buyer of Iranian crude in Asia, buying Iranian crude at an average daily rate of almost 300,000 barrels since March this year.

 

https://oilprice.com/Energy/Crude-Oil/Chinese-Refiner-Stops-US-Oil-Imports-Turns-To-Iranian-Crude.html

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We could make our trade deficit manageable with China if they would buy MORE oil from us.  New rumor out this afternoon that President Trump is considering another 200 b in trade tariffs with China.  

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Hell, just keep it here, keep the food we ship here and stop buying the food we eat from Mexico.....Plenty of growers of Avocado in CA. They have been killing us with the goods they ship here for years.

 

So what if Walmart goes broke.......

 

Let them hate us for free and be hungry while they are at it.

 

Karsten

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27 minutes ago, Karsten said:

Hell, just keep it here, keep the food we ship here and stop buying the food we eat from Mexico.....Plenty of growers of Avocado in CA. They have been killing us with the goods they ship here for years.

 

So what if Walmart goes broke.......

 

Let them hate us for free and be hungry while they are at it.

 

Karsten

So right! so much of what they make is either poison or crap. We have been screwed for many years now on trade. I would say, Now since your being nasty, you can just buy our products till we are even on the trade deficit for the last 20 years or we keep our stuff and you keep your own. Hahahahaahhaha.

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58 minutes ago, Karsten said:

Hell, just keep it here, keep the food we ship here and stop buying the food we eat from Mexico.....Plenty of growers of Avocado in CA. They have been killing us with the goods they ship here for years.

 

25 minutes ago, jg1 said:

So right! so much of what they make is either poison or crap. We have been screwed for many years now on trade. I would say, Now since your being nasty, you can just buy our products till we are even on the trade deficit for the last 20 years or we keep our stuff and you keep your own. Hahahahaahhaha.

 

Yup Yup!!!  Bring the jobs back to the US.   Buy American  :twothumbs:

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http://www.alsabaah.iq/ArticleShow.aspx?ID=159903...

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Al-Allaibi: High rate of revenues from the export of oil

   
 

 
 

11/7/2018 12:00 am 
 
 BAGHDAD / BASRA / Saad al-Samaak 
Oil Minister Jabbar al-Allaibi said that the ministry has achieved a remarkable increase in the rate of exports and revenues from crude oil sales for the first half of the current year 2018 compared to the first half of last year 2017, while sources confirmed that the extraction and export operations in the fields of Basra Natural at their normal productivity. 
Al-Allaibi said in a statement received by «morning»: «Total revenues achieved for the first half of the current year 2018 amounted to (40) billion and (345) million and (235) thousand dollars, while revenues for the first half of last year 2017 (27) (642) million and (329) thousand dollars », adding that« the total exports achieved for the first half of this year 2018 also recorded an increase in the rates of (625) million and (193) thousand and (749) barrels, while In the year 2017 (592) million and (439) thousand and (163) barrel ».
Al-Allaibi pointed out that «the average selling price for the month of June 2018 has seen a rise compared to the month of June of 2017 last year, which amounted to (69,322) dollars per barrel, while the sales rate for 2017 (42,067) dollars a barrel», adding that «this will contribute In reducing the proportion of deficit in the federal budget for this year ». 
On the other hand, the Director General of Basra Petroleum Company, Ihsan Abdul-Jabbar, did not affect the production and export of crude oil in the fields of West Qurna and other fields of protests in the province, noting that work continues to extract and pump oil in the fields of oil service companies and national companies in a streamlined Without interruption.
Abdul-Jabbar added that the experts and foreign workers and Iraqis in ExxonMobil and Lukoil Russian are doing their normal work in the fields of West Qurna I and II and at normal rates. In turn, said the South Oil Police Director, Brig. Ali Hassan Hleil, that he redeployed his forces and strengthen its presence in the fields of oil and roads, pointing out that the Directorate has the potential to confront threats whatever their source.
 
 

 

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  • yota691 changed the title to US report: Iraqi approach to extend an oil pipeline towards Syria
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