Monday, April 12, 2010

Kurdistan delegation in Baghdad next week to discuss oil contracts and re-export

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Kurdistan delegation in Baghdad next week to discuss oil contracts and re-export

Saturday, 10 نيسان 2010

Alsumaria News / Sulaymaniyah

Announced the President of the Kurdistan Regional Government, Barham Saleh, on Saturday, a delegation from the Kurdistan region will go to Baghdad next week to discuss the issue of export of oil and the powers of the Territory in its oil wealth, as well as the issues of the region concluded contracts with oil companies.


Barham Salih said in his speech "Alsumaria News", "A delegation from the region will go to Baghdad next week to Baghdad to discuss the powers conferred to the region for decades oil agreements with foreign oil companies, in addition to re-export of oil and payment of production companies, as stipulated in the constitution.

Saleh expressed his hope that "result in the talks on resolving the problems between Baghdad and Arbil, and work in a positive spirit with those problems," noting that "The meeting is part of a set of proposals we have made to resolve the problem of oil contracts and the resumption of oil exports from the territory of Kurdistan."

The head of the Government of Kurdistan, Barham Ahmad Saleh held talks with Iraqi officials during his visit to Baghdad in December 2009, addressed a number of outstanding issues between Baghdad and Erbil, including oil contracts signed by the Kurdistan government with international oil companies.

The head of the Kurdistan Regional Government that "the Iraqi constitution is clear and is explicit of the regions and governorates, certain powers in the management of the oil sector."

Under the oil and gas law, passed by the Iraqi Council of Ministers in February 2007 on the distribution of proceeds to the Iraqi territories according to the percentages of the population, also opens the door to foreign investment in the areas of exploration and exploitation of oil and gas in Iraq.

The Government of the Kurdistan region of Iraq that the Constitution granted the right to sign oil contracts independently of Baghdad, with reservations on that, saying the contracts "illegal," as long as the draft oil law has not yet adopted in parliament.

Barham Salih noted that "the continuing problems and stopped Iraqi oil exports from the region negatively affects the Territory's budget and the economy of Iraq," adding that "the Kurdistan Region seeks to solve its problems very seriously, with the Iraqi government in accordance with the constitution."

The Kurdistan Regional Government announced the first of June 2009 for the export of thousand barrels per day Company (DNA or) Norwegian production from the fields of Taq Taq and Tawke, having been linked to these fields to the pipeline's strategic Kirkuk and up to the Turkish port of Ceyhan, which is located on the Mediterranean Sea, but production and exports may stop after about three months when it failed and the Iraqi Oil Ministry has enabled payments to the company's oil revenues, has considered the time that the contracts signed by Kurdish authorities with foreign companies, such as "De. that. or" illegal, "These companies also will not get paid for the oil leaving the ministry to the pipeline is controlled by Baghdad.

It is noteworthy that Iraq signed during the current year 2010 contracts with several international oil companies to develop some fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after you add the quantities produced from the fields other national effort.