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Iraqi Oil Minister reveals the position of production and export of the recent protests

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The Central Agency announced on Saturday, the total exports of Iraq increased by 41.9 for 2018.
`` Total exports of crude oil, oil products and other commodities reached 100.7 trillion dinars for 2018, equivalent to $ 85.2 billion, an increase of 41.9 percent from 2017, reaching 71 trillion dinars, equivalent to 60 billion dollars, '' the agency said in a survey seen by Alsumaria News.
 

He added that the value of crude oil exports amounted to 99.1 trillion dinars for the year 2018, equivalent to 83.8 billion dollars, while the value of exports for 2017 amounted to 70 trillion dinars, equivalent to 59.6 billion dollars.

He pointed out that the value of other commodity exports amounted to 1212 billion dinars for the year 2018, equivalent to $ 1,025.4 million, recording an increase of 247% from 2017 to reach 348 billion dinars, equivalent to $ 291.9 million.


Iraq relies on most of its exports on crude oil by 95%, and is a rentier countries because of its dependence on oil exports, which expose it to market volatility.
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Release date:: 9/8/2019 14:35 • 102 times read
Video .. Ghadhban declares commitment to OPEC agreement and reduce oil production

Deputy Prime Minister for Energy and Oil Minister Thamir Abbas Ghadhban said that Iraq is committed to the agreement to reduce production and that the total production of Iraq will be less during the coming days than what was produced during the past months, noting that he had to raise production because of the summer months to increase consumption Domestic fuel to cover power plants.


This came in an interview before leaving Ghadban to the United Arab Emirates to attend the meeting of the ministerial committee of OPEC to monitor production, which is held this weekend.
Minister Ghadhban will lead the Iraqi delegation to participate in several events this week in the UAE starting with the World Energy Conference in conjunction with the activities of the World Energy Forum followed by the meeting of the ministerial committee to control production and this joint committee between OPEC producing countries and allies outside OPEC.
The minister said that Iraq will begin to reduce production agreed in December 2018, as of these days, especially in the month of October, where the maintenance of refineries will start in addition to the reduction of domestic consumption due to mild climate and therefore will also reduce consumption Electricity from crude oil.
He explained that there are serious talks reached advanced stages between the federal government and the regional government on the organization of production and export in the region and in coordination with the federal government and we hope to reach a unified policies and plans to be a major role for the Iraqi Oil Marketing Company (SOMO) with regard to the organization of export so as to lead To maximize financial resources and this will help us to commit Iraq to its share as agreed within the agreement with the countries "OPEC" and outside "OPEC"To reach full commitment to what has been agreed and this stems from our attention and awareness of the importance of market stability and the occurrence of sharp fluctuations affect the economies of the producing countries, especially that Iraq is known to everyone in its general budget for the current year 2019 on imports derived from the export of crude oil, which constitute at least 90%, as is the case will be with the budget 2020 and therefore we are keen to obtain equitable supplies to the producing countries at the same time does not burden the oil-consuming countries and Iraq is keen to be agreed on harmony and harmony and coordination with counterparts in OPEC member countries
Ghadhban said that we will hold several meetings with energy ministers, companies and international organizations to discuss the future of energy in the region, as well as to strengthen bilateral relations and expand cooperation prospects with them.
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 2019/09/08 07:56:08
 

Deputy Prime Minister for Energy and Oil Minister Thamir Abbas Ghadhban said that Iraq is committed to the agreement to reduce production and that the total production of Iraq will be less in the coming days than what was produced during the past months, pointing out that he had to raise production because of the summer months to increase domestic consumption to cover fuel For power plants.

This came in an interview before leaving for the United Arab Emirates to attend the meeting of the ministerial committee of the Organization of Petroleum Exporting Countries to be held this weekend.

The minister heads the Iraqi delegation participating in several events during the week in the UAE, starting with the World Energy Conference in conjunction with the activities of the World Energy Forum, followed by the meeting of the Ministerial Committee for Production Control, a joint committee between the OPEC producing countries and allies outside OPEC.

He said that Iraq will begin to reduce production agreed in January 2018, as of these days, especially in October, where it will start the activities of the maintenance of refineries in addition to the reduction of domestic consumption due to mild climate and therefore will also reduce electricity consumption of crude oil.

The existence of serious discussions reached the advanced stages between the federal government and the regional government on the organization of production and export in the region and in coordination with the federal government and we hope to reach a unified policies and plans will be a major role for the Iraqi Oil Marketing Company (SOMO) with regard to the organization of export so as to maximize financial resources This helps us to commit Iraq to its share as agreed within the agreement with OPEC countries and outside OPEC, and up to full commitment to what has been agreed upon, and this stems from our attention and awareness of the importance of market stability and the absence of sharp fluctuations affect the economies of producing countries, especially Iraq has relied in the budget of 2019 on imports derived from the export of crude oil, which constitutes at least 90%, as will be with the budget 2020 and therefore we are keen to obtain equitable supplies to producing countries at the same time does not burden the oil consuming countries and Iraq is very keen on To be agreed on harmony, harmony and coordination with its counterparts

"We will hold several meetings with energy ministers, companies and international organizations to discuss the future of energy in the region, as well as to strengthen bilateral relations and expand cooperation prospects with them," Ghadhban said.

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Iraq to adhere to OPEC-set oil production cuts: oil minister

30 minutes ago  |  33 Views

Rudaw

https://www.rudaw.net/english/middleeast/iraq/08092019

An oil worker in the Bel Hassan oil field west of Kirkuk. Photo: AFP

ERBIL, Kurdistan Region ⁠— Iraq will adhere to oil production cuts set by the intergovernmental oil organization OPEC, Iraq’s Minister of Oil said in a statement on Sunday. 

“Iraq is committed to the production cut agreement, and the total output of Iraq in the coming days will be less than what has been produced in the past months,” Minister Thamer Ghadhban, who will head the Iraqi delegation to the meeting, said according to a Ministry of Oil statement. 

On Thursday, OPEC, plus non-member major oil producers like Russia, will meet in a bid to consider oil cuts in a bid to shore up oil prices. 

Iraq, as the second largest producer within OPEC, is part of the deal, and adhered to the similar agreement that was reached last July between OPEC and Russia. 

Ghadhban, alongside his Iraqi delegation, will also participate in the meeting. 

Iraq has had higher production than its commitment to the deal in the past months because domestic demand from electricity production stations increased during the  summer. The cut in production will start in October as refineries will enter the maintenance stage and domestic demand decreases, according to Ghadhban.

Iraq’s ability to adhere to the oil cuts will be stronger is due to “serious discussionsthat have reached “advanced stages” with the Kurdistan Regional Government (KRG), to organize and produce the Kurdistan Region’s oil in coordination with the Iraqi federal government

“We hope to reach unified policies and plans for there to be a big role for the Iraqi oil marketing company SOMO,” said Ghadhban in the statement, referring to the State Organization for Marketing of Oil (SOMO) - an Iraqi state-run oil company.

It is not clear how many barrels of oil the Kurdistan Region produces and exports, but the independent oil sales of Kurdistan have always been a sticking point between both governments. Currently, according to Iraq’s 2019 budget bill, the KRG has to handover 250,000 of oil to the Iraqi government in exchange for the region’s share of the federal budget.

That has not happened yet, however. The independent sales of the Kurdistan Region mean that more oil from Iraq has been exported, despite the fact that the country has adhered to the past OPEC agreement in its southern and central fields.

In case of an Erbil-Baghdad agreement, it will “help Iraq” preserve its commitment to the OPEC deal, according to Ghadhban. Iraq wants “stability in the market and for no acute fluctuations that would affect the economies of producing countries, especially Iraq, be affected,” he said.

Iraq’s Prime Minister Adil Abdul-Mahdi spoke over the weekend with the powerful Saudi crown prince Mohammed Salman, with both sides agreeing on a stable oil market. 

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Iraqi Oil Minister Thamer Ghadhban at a news conference in Baghdad. Reuters
  

 energy


Economy News - Baghdad

Oil Minister Thamer Ghadhban said on Monday his country was committed to complying with oil production cuts under the OPEC-led agreement to reduce supplies, adding that his country's current production levels are 4.6 million barrels per day.

Asked about the level of Iraq's commitment, Ghadhban told reporters in Abu Dhabi: "We are certainly committed to respect (cuts) ... Our exports fell by at least 150 thousand barrels per day from the south."

He said it was too early to say whether there was a need to deepen production cuts under the deal between OPEC and its allies.


Views: 25   Date Added: 09/09/2019

 
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 2019/09/10 06:06:01
 

Iraqi Oil Minister Thamer Ghadhban said on Tuesday that his country is approaching the production capacity of oil at five million barrels per day, and is looking to add two million barrels in the next few years.

The minister added that Iraq is still burning half the production of associated gas, but new projects to convert gas to liquid will contribute to the solution of the problem.

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Release date:: 2019/10/10 11:18 • 555 read times
Iraq is nearing historic crude oil production
Iraq announced its approach to historical production in crude oil.
He said Oil Minister Thamer Ghadban said Tuesday that Iraq is approaching access to productive oil capacity at five million barrels per day, and is looking to add two million barrels over the next few years. "
He added that" Iraq continues to burn half of the associated gas production, until the end of last year . " .
Ghadban However , to say , "but the new projects to convert gas to liquid will contribute to solving the problem , " .anthy
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Iraq: Chances of re-exporting oil through Saudi Arabia "slim"

Iraq: Chances of re-exporting oil through Saudi Arabia "slim"
Iraqi Oil Minister Thamer Abbas Ghadban
 11 September 2019 11:49 AM

DUBAI (Reuters) - Iraq's deputy prime minister for energy said on Wednesday the chance of reopening a crude export pipeline through Saudi Arabia was slim .

The minister, Thamir Abbas Ghadhban, that any decision on production policy is a joint decision, and does not want Iraq to take alone; according to Reuters .

Ghadhban said he would meet Saudi and Russian energy ministers later on Wednesday.

OPEC and its allies agreed in July to  extend production cuts for an additional nine months  until March 31, 2020.

The Minister pointed out that the Kurdistan region of Iraq must respect its commitments on oil exports and its share in the federal budget.

He added that it is supposed to deliver the Kurdistan Regional Government of Iraq 250 thousand barrels of oil per day to the federal government, but is not committed to it so far, according to the agency.

 

The Iraqi Oil Ministry said on Wednesday that the Iraqi Drilling Company signed a contract with the Dhi Qar Oil Company  to drill 20 wells in the Nasiriyah oil field , adding to the field's production rates 40 thousand barrels of crude oil .

Iraq's production is currently about 4.6 million barrels per day .

Minister Thamer Ghadhban said on Tuesday that his country was close to reaching oil production capacity at 5 million barrels per day .

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Iraq: Signing a contract to drill 20 wells to raise the production of Nasiriyah field

Iraq: Signing a contract to drill 20 wells to raise the production of Nasiriyah field
Side of the signing ceremony
 11 September 2019 10:26 AM

The Iraqi Ministry of Oil said on Wednesday that the Iraqi Drilling Company signed a contract with the Dhi Qar oil company to drill 20 wells in the Nasiriyah oil field.

The ministry added in a statement that this comes as a complement to its strategy and plans to develop oil fields and increase production through the national effort.

The Undersecretary for Extraction Affairs said that the contract was signed between two companies within the oil sector to develop production in the field of Nasiriyah, through drilling 20 wells that add to the production rates in the field 40 thousand barrels of crude oil.

Fayyad Hassan Nehme added, in addition to the associated gas investment at rates of up to 20 million standard cubic feet of gas, will be used as fuel for power plants.

The Undersecretary of the Ministry, that this project will open the door to provide employment opportunities for Iraqi labor in the province of Dhi Qar.

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For his part, said the Director General of the oil company Dhi Qar, this contract is one of the important contracts that have an impact in increasing the production capacities of crude oil and gas.

Ali Ward said that the production capacity of the field will reach 200 thousand barrels per day after the completion of drilling operations, and increase the production capacity of gas in the field to reach 100 million standard cubic feet (Mqmq) per day.

The Director General pointed out that the signing of the contract comes in accordance with the strategy of the Ministry of Oil in the implementation of projects to develop production and fields in the national effort, stressing that the Nasiriyah field is witnessing steady growth thanks to the national staff in the oil company Dhi Qar.

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In the same context, said the Director General of the Iraqi Drilling Company, that the signing of the contract comes in line with the vision of the ministry to support the national effort companies; through the Iraqi Drilling Company to get contracts to drill wells.

Bassem Mohammed Khudair said that the contract includes the implementation of drilling 20 wells using four modern towers, and that the company will provide all the possibilities for the implementation of the contract during the scheduled period of two years, at a financial cost of $ 128 million.

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Release date:: 2019/11/11 13:52 • 187 times read
In figures .. Iraq's oil exports and imports since the beginning of 2019
Oil exports to Iraq since the beginning of this year until July last more than 750 million barrels at the rate of 107 million barrels per month, achieving revenues of more than 46 billion dollars and an average of 6.66 billion dollars per month.
The average price for the quantity sold was 62.22 dollars, up from 66 dollars for the last months of last year
.
The month of May achieved the highest rate of revenue of more than $ 7 billion, while February recorded the lowest rate of revenue amounted to $ 6 billion.
The average price per barrel for the month of July and June stood at $ 60.45

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Ghadhban: OPEC will discuss tomorrow to cut production further and the region must deliver its oil
53361.jpg
Ghadhban: OPEC will discuss tomorrow to cut production further and the region must deliver its oil

 

http://www.nahrainnews.net/content.php?id=27083

Oil Minister Thamer Ghadhban said on Wednesday that OPEC and its allies will discuss whether there is a need to deepen production cuts during the meeting of the Joint Ministerial Committee on Thursday.

"Decisions on production policy are collective decisions and Iraq does not want to take the decision alone," Ghadhban said in a press statement from Abu Dhabi, adding that he would meet with Saudi and Russian energy ministers later on Wednesday.
He noted that the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of objection by some members have agreed to reduce it 1.2 million barrels per day.
Ghadhban also said the Kurdistan region must respect its commitments on oil exports and its share of the federal budget.
He added that the KRG is supposed to deliver 250,000 barrels of oil per day to the federal government, but is not yet committed to it.

 
Views 4 Date Added 11/09/2019 Content number 27083
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Iraq seeks to transport crude oil and gas to the Lebanese port of Tripoli to Europe

Economy | 07:34 - 12/09/2019

 
image
 
 

 

Baghdad - Mawazine News
, the first deputy speaker of the House of Representatives, Hassan al-Kaabi, on Thursday, Iraq is seeking to develop a pipeline to transport crude oil and gas to the Lebanese port of Tripoli to Europe.
In a statement received by Mawazine News, Al-Kaabi received the Lebanese ambassador to Baghdad, Ali Adib Habhab, in the presence of MP Alaa Al-Rubaie.
"The nature of relations between the two countries is distinct, especially after the recent and reciprocal visits between the two countries and at a high level, which paves the way for greater relations soon, especially in the areas of transport, health, housing, banking sector and even energy," he said.
He added that "the race seeks to develop a pipeline to transport crude oil and gas to the Lebanese port of Tripoli to Europe as well as revitalizing tourism in its various religious and medical sectors," stressing that "the stability of security in both countries will ensure more rapprochement and cooperation at various levels."
He praised the "standing of the Lebanese government, people and political leaders with Iraq in many positions."
The two sides discussed the importance of reopening the Iraqi-Syrian border crossing, or the so-called Al-Qaim-Albukamal line.
In this regard, Kaabi stressed, "Iraq is looking with one eye with its relations with all neighboring countries, and recently a border crossing was opened with Saudi Arabia and before it with Jordan, which means that reopening the crossing with Syria is a matter of time," stressing that "there are efforts to secure the situation "It will be important to restore trade cooperation with Syria and Lebanon," he said.
For his part, Habhab stressed that "the coming period will witness the meetings of the Iraqi-Lebanese Economic Committee in Baghdad, which will be attended by a high-level delegation in addition to businessmen from both countries."
He pointed out, "the presence of several Lebanese companies operating in Iraq, some of which belong to the banking sector," pointing out that "there are preliminary understandings to conclude some agreements in the sectors of transport, agriculture and medicine."

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Iraq .. Signing a memorandum to establish an industrial island to raise oil export capacity

Iraq .. Signing a memorandum to establish an industrial island to raise oil export capacity
On the sidelines of the Basra Oil Company signed the memorandum with the Dutch company
 17 September 2019 02:36 PM

Direct: Deputy Prime Minister for Energy and Oil Minister, said that Iraq is keen to develop its export capabilities, through the implementation of projects to increase export capacity from the southern outlets.

The remarks were made by Minister Thamir Abbas Ghadhban, while sponsoring the signing ceremony of the memorandum of principles for the establishment of the industrial island in the territorial waters in the Gulf between the Basra Oil Company and the Dutch company "Buskalis".

Ghadhban added, according to a statement by the Ministry of Oil, that the ministry and after obtaining the approval of the Council of Ministers is working on the implementation of the project to establish an industrial island in the territorial waters of the Gulf;

He added that the signing of the memorandum of principles for the establishment of the industrial island with the Dutch company comes to add more than 6 million barrels per day of storage capacity, in addition to the export capacity of 3 million barrels per day to the current export capacity.

The minister pointed out that the project is one of the vital and strategic projects implemented by the Ministry of Oil to develop the national economy and increase the financial revenues of the federal treasury.

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For his part, said the Director General of the Basra Oil Company, Ihsan Abdul Jabbar, that the establishment of the industrial island will give a qualitative leap and flexibility in future export capacities from the south, especially as the production of the Basra Oil Company is rising steadily, and therefore working to keep pace with the expected increase in production and export operations.

For his part, Dutch Ambassador to Baghdad, Eric Stratenk, that his country's companies want to develop and strengthen relations with Iraq in all areas, especially in the field of energy.

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The company will prepare detailed studies of the island's construction project within one year, and then commence the two-year implementation work.

The project includes the construction of an integrated industrial island, the construction of a breakwater berth and the construction of two offshore pipelines, and the establishment of 4 loading berths with a residential complex and other service facilities, according to ministry spokesman Assem Jihad.

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U.S. And Russia Battle It Out Over This Huge Iraqi Gas Field

Profile picture for user Tyler Durden
Tue, 09/17/2019 - 19:05
 

Authored by Simon Watkins via OilPrice.com,

With the U.S, Russia, and China all jostling for position in Iraq’s oil and gas industry both north and south, Iraq’s oil ministry last week reiterated its desire to have one or more foreign partners in the Mansuriya gas field. Situated in Diyala province, close to the Iran border, Mansuriya is estimated to hold around 4.6 trillion cubic feet of natural gas, with plateau production projected at about 325 million standard cubic feet per day.

 

119657_b061bb27301b4787aa7a.jpg

For the U.S., encouraging Iraq to optimise its gas flows so that it reduces its dependency for power from Iran is the key consideration.

 
 

For Russia, Rosneft essentially bought control of the semi-autonomous region of Kurdistan in northern Iraq in November 2017, so power in southern Iraq figuratively will complete the set.

Securing oil and gas contracts across all of Iraq will allow Russia to establish an unassailable political sway across the entire Shia crescent of power in the Middle East, stretching from Syria through Lebanon (by dint of Iran), Jordan, Iraq (also helped by Iran), Iran itself, and Yemen (via Iran). From this base, it can effectively challenge the U.S.’s vital oil, gas, and political ally in the region – Saudi Arabia. China, in the meantime, is operating to its own agenda in South Pars Phase 11 and its West Karoun holdings.

Iraq, like Turkey, is still – nominally at least – not committing to either the Russia or the U.S., preferring to play each off against the other for whatever they can get, and the same applies in microcosm to the field of Mansuriya. Turkey itself was a key player in this gas field through its national oil company Turkiye Petrolleri Anonim Ortakligi (TPAO) until the middle of last year – holding a 37.5 per cent stake – along with the Oil Exploration Company (25 per cent), Kuwait Energy (22.5 per cent), and South Korea’s KOGAS (15 per cent).

TPAO had signed the original development deal for Mansuriya back in 2011, promising Iraq’s oil ministry that it could be trusted to reach plateau production within 10 years at most, a senior figure in the ministry told OilPrice.com last week. This was not an unreasonable schedule, for which TPAO would be remunerated US$7.00-7.50 per barrel of oil equivalent, a relatively generous amount compared to many of the previous awards from the ministry. TPAO agreed that the first phase would mean production of at least 100 million cubic feet a day within 12 months from the signing date.

Unsurprisingly, given the rise of Islamic State at the time, TPAO suspended all operations on Mansuriya in 2014, but more surprisingly was that it refused to resume development work in September 2017 when asked to do so by then-oil minister, Jabar al-Luaibi. There were many subsequent requests from the ministry to TPAO to resume work before the ministry rescinded the contract last July.

As it stands, Iraq’s oil ministry has made it clear that it needs Mansuriya to be properly up and running and gradually increasing production towards the 325 million standard cubic feet per day figure so that it can be used as a feedstock for the country’s calamitous power sector. Peak summer power demand every year exceeds domestic generation capacity, frequently leading to up to 20 hours per day of blackouts in many areas. Without Mansuriya and similar gas fields coming online, this will get worse, as Iraq’s population is growing at a rate of over one million per year, with electricity demand set to double by 2030, according to the International Energy Agency.

This supply-demand imbalance has resulted in Iraq’s being dependent on neighbouring Iran for a considerable amount of gas and electricity imports – around one third of its total energy supplies, in fact. Specifically, Iraq pipes in up to 28 million cubic metres of Iranian gas a day for power generation and also directly imports up to 1,300 megawatts of Iranian electricity. Even the U.S. has been forced to grant waivers for Iraq to continue to do this, given the absence of other options currently.

Playing the game of pitting one side against the other for optimal gain, the Secretary General of the Iran-Iraq Joint Chamber, Seyed Hamid Hosseini, stated recently that Iran’s gas and electricity exports to Iraq are expected to reach US$5 billion by the end of the current Iranian calendar year, ending on 21 March 2020. This comment was made at the same time as a U.S. consortium led by Honeywell signed a memorandum of understanding for a deal that would reduce the country’s current level of gas flaring by nearly 20%. Part of this deal included processing associated gas at the Siba gas field, the original deal for which was also done in 2011 and also with TPAO.

In the running at the time for both fields was Russia. So interested is it in securing gas sites in north and south Iraq, which it will eventually be able to move via its vast pipeline capabilities and networks, that even before the latest announcement on Mansuriya’s availability was made public, Gazprom Neft (the oil arm of Russia’s gas giant, Gazprom) communicated to Iraq’s current oil minister, Thamir Ghadhban, that it was ‘very interested’ in taking a role in the Mansuriya field.

“Gazprom Neft often acts as the point man for Gazprom in initial conversations, as it is a slick, well-run, Western-style company, whereas Gazprom is a bit more old-style Soviet,” said the Iraq source. “It [Gazprom Neft] also made it clear that it would be interested in other sites, such as Siba,” he added. “It should be remembered that Gazprom was in the prime position to develop the other key gas fields of North Pars, Kish, and Farzad A and B before the U.S. withdrew from the JCPOA [Joint Comprehensive Plan of Action] last year,” he concluded.

https://www.zerohedge.com/energy/us-and-russia-battle-it-out-over-huge-iraqi-gas-field

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Editing Date:: 2019/21 16:00  33 read times
The Oil Committee is a fact-finding committee on Kurdistan's oil exports
BAGHDAD: The Committee on Oil and Parliamentary Energy, on Saturday, the formation of a fact-finding committee on oil exports in the Kurdistan region.
The committee said in a statement reported by the Information Department of the House of Representatives received (Euphrates News) that the Committee "held its meeting chaired by MP Hibet Halbousi and the presence of members of the Committee to discuss a number of important issues related to the oil and gas sectors."
He added: "During the meeting discussed the invitation by the President of the Kurdistan Regional Government to the Committee on Oil and Energy, legal, and financial."
It was decided during the "meeting to form a fact-finding committee on the region's oil, consisting of seven deputies of the Commission to submit its report to the chairmanship of the Commission within two weeks of its formation."
The committee also discussed "the letter of the Ministry of Oil regarding the establishment of the hydrogenation unit of naphtha and the improvement of gasoline in Kirkuk province and the contract with the investing company, as well as the presence of representatives of the committee in the pricing meeting on the sale of crude oil."
They also discussed "the letter of the First Vice-President of the House of Representatives on the oil and gas law and discussed the letter of the Korean Embassy to the Commission through the Ministry of Foreign Affairs on the draft crutch gas." is over
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Parliamentary decision to form a committee to investigate the facts of Kurdistan's oil exports

Parliamentary decision to form a committee to investigate the facts of Kurdistan's oil exports
Oil facility in Iraq
 21 September 2019 06:58 PM

BAGHDAD - The Committee on Oil and Energy in Iraq, held on Saturday, its meeting chaired by MP Hiba Halbousi and the presence of members of the Committee to discuss a number of important issues related to the oil and gas sectors.

A statement to the Information Service in the House of Representatives that "was discussed during the meeting the invitation addressed by the President of the Kurdistan Regional Government to the Committee on Oil and Energy, legal, and financial."

The statement added that "it was decided during the meeting to form a fact-finding committee on the region's oil, consisting of seven deputies of the Commission to submit its report to the chairmanship of the Commission within two weeks of its formation," according to the Iraqi News Agency (conscious).

"The committee discussed the letter of the Ministry of Oil concerning the establishment of the hydrogenated naphtha unit and the improvement of gasoline in Kirkuk province and the contract with the investing company, as well as the presence of representatives of the committee at the pricing meeting on the sale of crude oil."

He pointed out that "was also discussed the letter of the First Vice-President of the House of Representatives on the law of oil and gas and discuss the message of the Korean Embassy to the Commission through the Foreign Ministry on the draft crutch gas."

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 energy


Economy News _ Baghdad

As part of Turkey's efforts to increase its imports of Iraqi oil to compensate for the shortage caused by the Iranian oil interruption, it is currently working with Iraq to establish a new oil pipeline from the Kirkuk fields to the Turkish border. Turkish Energy Minister Fatih Dunmaz visited Baghdad on August 28 and announced an agreement with Iraqi Oil Minister Thamer Ghadhban on a "strategic energy project" that includes the new pipeline to be the second between the two countries after the pipeline from Kirkuk to the Turkish port of Ceyhan on the Mediterranean. .
Iraqi Oil Ministry spokesman Asim Jihad told Al-Monitor that Iraq is pursuing a policy of multiple export outlets and seeks to provide everything necessary to ensure the continued flow of oil to world markets in parallel with the increase in production. .
He pointed out that "the Iraqi government is in the process of studying the tenders for the new pipeline between Iraq and Turkey after the completion of technical and engineering studies," likely to start work on the new pipeline project next year, said: "Iraq's crude oil exports last month amounted to 111 million And 706 barrels of which 3.6 million across the line between Kirkuk and Turkey, and the Ministry of Oil seeks to increase oil exported through the ports of the Mediterranean.
The Iraqi government expects the new pipeline to have a capacity of about 1 million barrels per day, replacing the old and dilapidated pipeline, which began operating in 1976, but has been subjected to ongoing sabotage operations, the latest of which was carried out by the Kurdistan Workers' Party (Turkish opposition) in 2015, which caused losses It was estimated at $ 500 million.
The disruption of Iranian oil due to US sanctions and the end of the grace period granted by Washington to Ankara in May is the most important reason behind the idea of the pipeline between Kirkuk and Turkey, where the Turkish government has already announced the restoration of the old oil pipeline, In May, Erdogan recommended building a pipeline capable of replacing Iranian oil.
A source familiar with the agreement to extend the new oil pipeline to "Al-Monitor" that "the reasons for the construction of the pipeline is not only related to the deterioration of the old line only, there is an important political aspect related to the deal, is the control of oil exported abroad without the consent of the Iraqi government," pointing out that "The Kurdistan Regional Government exports oil through the old line that passes through the territory of the region without the consent of the federal authorities sometimes. After covering the need of Turkey from the new line, Erbil will not be able to practice exporting alone."
The source added that the agreement is likely to be linked to the case filed by the Iraqi government against Ankara in the international courts, which ruled in compensation for Baghdad estimated at $ 26 billion due to the import of Iraqi oil from Kurdistan without Baghdad's approval during the past years.
The federal government in Baghdad agreed with the government of Erbil to deliver 250 thousand barrels per day to the National Oil Company "SOMO" in exchange for receiving the salaries of the region from the federal budget, but the Kurdish side did not abide by the agreement due to the debt owed to the region in favor of international oil companies that left the country after The ISIS occupation of Mosul and the Kirkuk measure and the Kirkuk-Turkey pipeline was vandalized and stopped working.
The Ministry of Oil in the Iraqi government in May for the Kurdish region to export 600 thousand barrels per day, which was confirmed by the Parliamentary Integrity Committee by MP Khalid Jawad in a statement to the agency "information" on September 4, saying: "The province is currently exporting 461 thousand barrels per day reported, in addition to 150 thousand barrels per day smuggling method for the purpose of non-registration. "
He pointed out that "the average daily exports of Kurdistan from three provinces up to more than 600 thousand barrels per day."


Views: 20   Date Added: 22/09/2019

 
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Release date:: 9/21/2019 17:20 • 511 times read
Oil and energy decided to form a fact-finding committee on oil exports of the Kurdistan region
[Baghdad-Where]
The Oil and Energy Committee held its meeting on Saturday under the chairmanship of Deputy Hibet Al-Halbousi.
A statement of the media department in the House of Representatives received by the Iraqi News Agency [where] that "was during the meeting discussed the invitation by the President of the Kurdistan Regional Government to the Committee on Oil and Energy, legal, and financial."

The statement added that "it was decided during the meeting to form a fact-finding committee on the region's oil, consisting of seven deputies of the Commission to submit its report to the chairmanship of the Commission within two weeks of its formation."

"The committee discussed the letter of the Ministry of Oil regarding the establishment of a hydrogenated naphtha unit and the improvement of gasoline in Kirkuk province and the contract with the investing company, as well as the presence of representatives of the committee in the pricing meeting on the sale of crude oil," the statement said. To the Speaker of the House of Representatives regarding the oil and gas law and to discuss the letter of the Korean Embassy to the Committee through the Ministry of Foreign Affairs on the gas crutch project. "

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The Ministry of Oil announced on Wednesday the total oil exports and revenues achieved for the month of August, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).

The ministry said in a statement received by Alsumaria News, a copy of it that "the amount of exports of crude oil (111) million (706) thousand and (135) barrels (one hundred and eleven million seven hundred and six thousand and one hundred and thirty-five barrels), with revenues amounted to (6) Billion and (412) million and (705) thousand dollars (six billion and four hundred and twelve million and seven hundred and five thousand dollars. "
 
 
For his part, spokesman for the Ministry of Oil Asim Jihad that "the total quantities of crude oil exported for the month of August from the oil fields in central and southern Iraq amounted to (107) million (520) thousand and (44) barrels, with revenues of (6) billion And (203) million and (172) thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan (3) million and (253) thousand and (665) barrels, with revenues amounting to (178) million and (723) thousand 758 dollars).
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He added that "exports from the field of Qayyara amounted to (928) thousand (947) barrels, with revenues amounted to (30) million and (659) thousand and (895) dollars, while the quantities exported through the Al-Samoud refinery to Jordan (3) thousand. 479) barrels of revenue amounted to (149) thousand and (579) dollars, "pointing out that" the average price per barrel reached (57,407) dollars. "
 
He stressed that "the quantities exported were loaded by (39) international companies of various nationalities, from the ports of Basra and Khor Al-Amaya and unilateral buoys on the Gulf and the Turkish port of Ceyhan."
 
It is noteworthy that the Ministry of Oil, through its belief in informing the people on the export operations and revenues earned from it took this monthly action.

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Oil announces total exports and final revenues achieved for the month of August

Oil announces total exports and final revenues achieved for the month of August

Written by: saadin:September 25, 2019In: EconomicNo comments

Alnoor News / Baghdad

The Ministry of Oil announced, the total oil exports and revenues achieved for the month of August, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), indicating that the exports of crude oil (111) million (706) thousand and (135) barrels, with revenues amounted to (6) billion and (412) million and (705) thousand dollars.

A spokesman for the Ministry of Oil, Assem Jihad, said in a statement received by Al-Noor News that the total quantities of crude oil exported for the month of August from the oil fields in central and southern Iraq amounted to 107 million and 520 thousand and 44 barrels. , With revenues of (6) billion and (203) million and (172) thousand dollars.

He added, "The quantities exported from Kirkuk oil through the port of Ceyhan (3) million (253) thousand and (665) barrels, with revenues amounted to (178) million and (723) thousand and (758) dollars, while exports from the field Qaiyara (928) thousand and (947) barrels, with revenues amounted to (30) million and (659) thousand and (895) dollars, while the quantities exported through Al-Samoud refinery to Jordan (3) thousand and (479) barrels with revenues amounted to (149) (A) and (579) dollars, "pointing out that" the average price per barrel (57,407) dollars. "

He pointed out that "the quantities exported were loaded by (39) international companies of different nationalities, from the ports of Basra and Khor Al-Amaya and unilateral buoys on the Gulf and the Turkish port of Ceyhan."

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Economy News _ Baghdad

Iraqi oil marketing company "Somo", Wednesday, that the Indian and Chinese oil companies were the most buying Iraqi oil during the month of August.

SOMO said in an official statistics published on its official website and seen by the economy news, that "Indian companies were the most among the other international companies to buy Iraqi oil and by 8 out of 39 companies bought oil during the month of August."

Sumo added that "the Chinese companies came in second place by 7 companies, followed by US companies by 4 companies and South Korean 3 companies," noting that "the rest were distributed to British, Italian, Egyptian, Turkish, Spanish, Russian, Greek, Japanese, Malaysian, Brazilian and Jordanian."

SOMO pointed out that it "depends in the sale of Iraqi oil on the main criteria for contracting with international oil companies large and medium independent and government vertically integrated," adding that "the most prominent international companies that buy Iraqi oil are Italian company ENI, British BP, China Gain Oil and Oxon. "Mobil and the Russian company KazProm".

The Ministry of Oil has set the end of 2018 marketing mechanisms for 2019, which was adopted on the basis of the importance of each market in terms of the volume of demand and the return earned per barrel.


Views: 14   Date Added: 25/09/2019

 
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