Author Topic: Iraq's Kurdish region to export oil for first time  (Read 2579 times)

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Offline Rumtaya

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Iraq's Kurdish region to export oil for first time
« on: June 01, 2009, 05:27:45 PM »
DOHUK – Iraq's self-ruled Kurdish region will begin exporting crude oil for the first time on June 1, piping up to 90,000 bpd to its neighbours in a landmark step for the area, officials said on Sunday.

Companies chosen by the regional government will pump oil from two Kurdish fields via an Iraqi pipeline to Turkey with the consent of Baghdad in a step that could pave the way to ending bitter domestic feuds over Iraq's oil wealth.

Initial exports will be around 40,000 barrels per day from the Taq Taq field in the province of Arbil and another 50,000 bpd from the Tawke field in Dohuk, company officials told AFP.

"Piping of the oil will start Monday morning from the Taq Taq field, pumping it from seven wells," said Mohammed Okotan, director of the Taq Taq project for Turkey's Genel Enerji a Cukurova Holding company, which is partnered with Calgary-based Addax Petroleum.

"We will try to reach 60,000 barrels a day by the end of this year," said Okotan, adding that the project aims to double exports in two years.

"The quality of the crude is excellent," he said.

At the Tawke field, northwest of Taq Taq, Norwegian oil firm DNO will also start pumping oil for export on Monday.

"We'll start with 50,000 bpd and we'll see how this operation goes and if we can increase it," said DNO director of operations Jon Sargent.

Exports from Tawke will link with the Iraq-Turkey main export pipeline at the border town of Fishkhabur, while crude from Taq Taq will be trucked from the capital Arbil before connecting with the Iraq-Turkey export pipeline.

Regional president Massud Barzani will preside over an official ceremony on Monday.

Disagreements over oil rights, especially between Baghdad and the Kurdish government, have held up exploitation of much of Iraq's massive reserves as well as long-delayed hydrocarbons legislation.

Terms of the Taq Taq deal are for Baghdad to receive 88 percent of revenues of which the Kurd region will get back 17 percent. Genel Enerji and Addax will share 12 percent, Okotan told reporters.

Executives from DNO refused to provide revenue sharing figures, although one DNO official confided that the terms are quite similar to those in the Taq Taq field.

Baghdad has repeatedly said that it is opposed to Arbil signing its own contracts, a position which Kurdish officials have thumbed their nose at by signings dozens of agreements with foreign firms.

Earlier this month Kurd officials announced an eight billion dollar plan to develop Kurdish gas fields with four European and two United Arab Emirates partners that could later supply the EU's flagship Nabucco pipeline.

Oil minister Hussein al-Shahristani responded by calling the deal illegal, although he has come under heavy criticism for failing to lift the nation's anaemic oil and gas output as crude prices have plunged.

Iraq is in dire need of revenue to rebuild its shattered economy, especially after oil prices tumbled a peak of 147 dollars a barrel last July to a current level just above 60 dollars, putting huge pressure on Iraq's budget.

The nation derives more than 90 percent of its revenues from the energy sector.

Iraq wants pump six million barrels per day, up from its current stated output of around 2.2 million, within the next four to five years as new projects come online.

The conflict-ravaged country has the world's third largest proven reserves of oil, with more than 115 billion barrels, behind only Saudi Arabia and Iran.



......and the next round starts

If they manage to keep the Goverment in Baghdad away from it, they will do alot of MONEY, which will make them even more wealthier which again could lead them to strength their Regional Goverment or even opens them a door for independence.



Offline Aga

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Re: Iraq's Kurdish region to export oil for first time
« Reply #1 on: June 02, 2009, 08:27:24 AM »
DOHUK – Iraq's self-ruled Kurdish region will begin exporting crude oil for the first time on June 1, piping up to 90,000 bpd to its neighbours in a landmark step for the area, officials said on Sunday.





......and the next round starts

If they manage to keep the Goverment in Baghdad away from it, they will do alot of MONEY, which will make them even more wealthier which again could lead them to strength their Regional Goverment or even opens them a door for independence.


Indeed and thats what I have been telling you guys, Kurds will be able to achieve more than they have already, This kind of deals will make kurds more visiable on buzznes world, which they had already been well know, like what happned the last time, Russia dissliked they way Kurdish gas could transfer to EU via Turkey, this is very very very big step for kurds, cause this mean Eu wont have only one seller, now Eu have both Russia and Kurdish gas, this decrease Russian`s  gas to Eu-Countries....

Offline GGBW

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Re: Iraq's Kurdish region to export oil for first time
« Reply #2 on: June 02, 2009, 09:08:30 AM »
The money is being deposited into Iraq's central bank.  Countries are going to deal with Baghdad, not Irbil, because Iraq is the country which owns the oil fields,  not "Kurdistan", which is what people were writing 3 years ago when the constitution was being finalized.

This is actually a failure for the KRG. They wanted to export oil with contracts on their own and take their share of the revenue.  These are contracts shifted over to Baghdad and revenue being taken directly to Baghdad.  The Kurds are losing empathy and sympathy quickly in the business and political world, most especially in D.C.

They are pushing the Pesh out of all areas outside the KRG.  Once Baghdad has Kurdish security weakened and moved, it will be in a better position to do with the KRG as it pleases. 

It's unfortunate, as Assyrians are caught in the middle of this fight.  But there isn't anyone around Iraq who would rather do business with the KRG than with Iraq - because none want to see the KDP/PUK become stronger. 

Indeed, over the last year or so, they have become much weaker.

Assyrian Voice Forum

Re: Iraq's Kurdish region to export oil for first time
« Reply #2 on: June 02, 2009, 09:08:30 AM »

Offline Aga

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Re: Iraq's Kurdish region to export oil for first time
« Reply #3 on: June 02, 2009, 09:48:49 AM »
The money is being deposited into Iraq's central bank.  Countries are going to deal with Baghdad, not Irbil, because Iraq is the country which owns the oil fields,  not "Kurdistan", which is what people were writing 3 years ago when the constitution was being finalized.

This is actually a failure for the KRG. They wanted to export oil with contracts on their own and take their share of the revenue.  These are contracts shifted over to Baghdad and revenue being taken directly to Baghdad.  The Kurds are losing empathy and sympathy quickly in the business and political world, most especially in D.C.

They are pushing the Pesh out of all areas outside the KRG.  Once Baghdad has Kurdish security weakened and moved, it will be in a better position to do with the KRG as it pleases. 

It's unfortunate, as Assyrians are caught in the middle of this fight.  But there isn't anyone around Iraq who would rather do business with the KRG than with Iraq - because none want to see the KDP/PUK become stronger. 

Indeed, over the last year or so, they have become much weaker.

well, I have been in vacation for two weeks now, so Haven´t read or heard any news about these, but the last time I watched the news it was under kurdish contracts, not through Bagdad,  if they had changed this recently, then I dont know and I will soon find out  about these.Iam also aware of that both sharistani and Malaki has been trying to  prevents kurds from dealing oil contracts through Kurdistan regional government for years but yet I am not sure if they have acomplished these achievements or not...

Offline GGBW

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Re: Iraq's Kurdish region to export oil for first time
« Reply #4 on: June 02, 2009, 10:03:38 AM »
Baghdad did not want KDP and PUK militias operating so freely the last several years, but Iraq was in a violent chaos, so they allowed them to do as they pleased as long as they kept the north (at least) safe.  Now that Iraq's violence is calming, Baghdad is going after the Pesh.

Baghdad does not want to begin exporting oil yet because it is Kurds who are securing oil fields and under the supervision of Kurds, (although the revenue will go Baghdad) because the Iraqi Oil Ministry is still unresolved and Iraq does not have the administrative capability to manage the exports yet. BUT, they need the money to rebuild.  So they have allowed the KRG to export.  But, like they used them for security until they were no longer needed, the KRG is exporting oil, bringing money into Iraq, to eventually strengthen Baghdad.  It will be taken away from them once Baghdad is strong enough to manage their own oil fields.

Don't Iraq's minorities ever get tired of being used and then discarded when no longer necessary?

Offline Aga

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Re: Iraq's Kurdish region to export oil for first time
« Reply #5 on: June 03, 2009, 05:06:07 AM »
Baghdad did not want KDP and PUK militias operating so freely the last several years, but Iraq was in a violent chaos, so they allowed them to do as they pleased as long as they kept the north (at least) safe.  Now that Iraq's violence is calming, Baghdad is going after the Pesh.

Baghdad does not want to begin exporting oil yet because it is Kurds who are securing oil fields and under the supervision of Kurds, (although the revenue will go Baghdad) because the Iraqi Oil Ministry is still unresolved and Iraq does not have the administrative capability to manage the exports yet. BUT, they need the money to rebuild.  So they have allowed the KRG to export.  But, like they used them for security until they were no longer needed, the KRG is exporting oil, bringing money into Iraq, to eventually strengthen Baghdad.  It will be taken away from them once Baghdad is strong enough to manage their own oil fields.

Don't Iraq's minorities ever get tired of being used and then discarded when no longer necessary?



If iam not wrong you said kurds are not allow to export oil at all and that Kurds will export oil  only through Bagdad not throug KRG, but now you are saying, the iraqi oil ministry is still unresolved, thats why kurds are exporting oil!, will you pls decide whether kurds are allowed to export oil now or not?,what I know kurds are exporting oil whether they are allowed to or not. Don´t you think kurds would be able to gather enough oil money until Iraqi oil minstry resolve their problems?don´t you think kurds will make sure that the whole world knows them better when it comes about Oil and Oil buzzines?,  did you read how Russia reacted when they heard about Kurdish gas would transfer throug Turkey to EU?,which they have already started transfer.

 so you mean after iraqi oil minstry had resolved their problems they will prevent kurds from dealing with other international oil campanies? well, no one is sure for that, right now kurds are dealing with internationl oil companien without Bagdad doing anything about...for your information  look these websites
 

 

Exporting oil might contribute to solution of Kurdish problem  ( this news is from turkish newspaper,Todayzaman.com)
 
The commencement of crude oil exports from northern Iraq via Turkey to the Europe on Monday is not only a historic moment for regional economic cooperation, but also, can contribute positively to the solution of Turkey’s Kurdish problem. 
The commencement of crude oil exports from northern Iraq via Turkey to the European market on Monday is not only a historic moment for regional economic cooperation, but also, according to experts, can contribute positively to the solution of the long-standing Kurdish problem in Turkey. 

http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=177066 

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article674076.ece

http://www.guardian.co.uk/business/feedarticle/8511650

http://uk.reuters.com/article/gc07/idUKTRE54G0GY20090517


Offline GGBW

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Re: Iraq's Kurdish region to export oil for first time
« Reply #6 on: June 03, 2009, 08:23:12 AM »
No, that's not what I said, but I'm bored with you.  I'd concentrate on helping your dad find another job if I were you.

Offline Aga

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Re: Iraq's Kurdish region to export oil for first time
« Reply #7 on: June 03, 2009, 11:59:42 AM »
No, that's not what I said, but I'm bored with you.  I'd concentrate on helping your dad find another job if I were you.

Well then now you know that Kurds are selling oil through KRG and not Bagdad, and try to keep to the subject pls :blush2:

Offline GGBW

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Re: Iraq's Kurdish region to export oil for first time
« Reply #8 on: June 03, 2009, 02:55:50 PM »
Kurds are no selling what they do not own.

Baghdad is selling oil through the KRG.  There's a difference.

Offline Aga

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Re: Iraq's Kurdish region to export oil for first time
« Reply #9 on: June 03, 2009, 07:55:18 PM »
Kurds are no selling what they do not own.

Baghdad is selling oil through the KRG.  There's a difference.

hehhe ok dreamer...

Offline GGBW

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Re: Iraq's Kurdish region to export oil for first time
« Reply #10 on: June 03, 2009, 08:05:36 PM »
:shades:

Offline Rumtaya

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Re: Iraq's Kurdish region to export oil for first time
« Reply #11 on: June 04, 2009, 02:58:41 AM »
hehhe ok dreamer...


Terms of the Taq Taq deal are for Baghdad to receive 88 percent of revenues of which the Kurd region will get back 17 percent. Genel Enerji and Addax will share 12 percent, Okotan told reporters.



See thats what the text say, so she aint be dreaming, but telling you a fact. If It was Kurdish oil owned by the KRG, then they would not send any precentage of the revenue to the central goverment in baghdad.

So, you can read it says "baghdad receive 88 percent of revenues" out of those 88%, 17 are handed over to the Kurdish Region, which is just another way of saying "the oil is iraqi and it is distributaed according to the population", due to the KRG run its on affairs, this area has a share of 17% and not 100%.


@waleeta, kma gakhkeen imaat khazeenakh beektawa qa daua yala hahahaha :D hala lalee praama imaan it maskhoree ebee  :yourock:

 

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