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Kurdistan begins selling natural gas directly to Turkey
- Thread starter kirkuki
- Start date
kirkuki
Member
- Thread starter
- #22
They might have Oil, but they have no upstream-technology.
And with a shovel you can't bring up Oil.
stop talking rubbish , here is "some" Kurdistan oil developments guys (blink , blink) , and oh turkey has one minor oil company operating in Kurdistan (genel energy) vs another 56 foreign oil companies including ExxonMobil , Sinopec ,Repsol ,Marathon Oil,and soon Total coming to Kurdistan as well
.Bazian oil refinery - Kurdistan
Taq Taq Oil Field Surface Facilities, Koya - Kurdistan
Khormor – Erbil 24” 173 km. Gas Pipeline
Dukan - kurdistan
DNO - kurdistan
Miran block - Heritage oil - kurdistan
Another oil field
Gulf keystone petrolium facilities in Kurdistan
turkish natural resource minister in kurdistan
Western zagros - kurdistan
Khabat Refinery - Erbil
Kat Refinery in Kirkuk
More oil refinery on the way
Update on oil and gas developments in the Kurdistan
[ame=http://www.youtube.com/watch?v=QhxEcH46C0c&feature=results_main&playnext=1&list=PLD5C2129CE093F29F]Day 2 An Update on oil and gas developments in the Kurdistan Brad Camp, Adviser, Kar Group.wmv - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=92HZ5uwxD0Y&list=UUlAXxsIIQcSBawB24J6HVVg&index=9&feature=plcp]Day 2 An Update on oil and gas developments in the Kurdistan Region Dr Kim, Director and Senior Executive Vice President, Korea National Oil Corporation - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=vvx_r2cL-XI&list=UUlAXxsIIQcSBawB24J6HVVg&index=2&feature=plcp]Day 2 An Update on oil and gas developments in the Kurdistan Region Dr Khaled Salih, Adviser to Dr Ashti Hawrami - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=CA7zZMZ0XSc&feature=autoplay&list=PLD5C2129CE093F29F&index=1&playnext=2]Day 2 Karim Sinjari, Minister of the Interior, Kurdistan Regional Government Part 3 of 3.wmv - YouTube[/ame]
we can see in this photo , Kirkuk's giant oil field 2/3 is controlled and falls under Kurdistan government borders and jurisdictions so the only remaining structure (Baba) is in Kirkuk under central and KRG wants to have at least half control over it as well .
(Khurmala) is already producing oil by KRG , (Avana) in Makhmour which is under KRG awarded to ExxonMobil, so it only remains the structure that lies in Kirkuk province (Baba) which has been producing oil for 80 years now and well #1 actually dried up 5 months ago
ekrem next time when you talk sh1t make sure you got prove to back it up
Last edited:
kirkuki
Member
- Thread starter
- #23
Tony Hayward, the former chief executive officer at BP Plc (BP/), is now loading a fleet of as many as 500 trucks a day while he waits for a new pipeline to carry oil from his fields in northern Iraq.
Since joining (GENL) last year, Hayward has pushed the semi-autonomous Kurds to finish building a link to neighboring Turkey so he can find buyers outside the local market. Kurdish contractor Kar Group said it has completed 23 percent of the first 48-mile (77-kilometer) section of the line north to the border, though Turkey hasnt said publicly it will take the oil.
Tony Hayward Loads Trucks With Kurdish Oil Awaiting Pipe: Energy - Bloomberg
Since joining (GENL) last year, Hayward has pushed the semi-autonomous Kurds to finish building a link to neighboring Turkey so he can find buyers outside the local market. Kurdish contractor Kar Group said it has completed 23 percent of the first 48-mile (77-kilometer) section of the line north to the border, though Turkey hasnt said publicly it will take the oil.
Tony Hayward Loads Trucks With Kurdish Oil Awaiting Pipe: Energy - Bloomberg
Mr. H.
Diamond Member
Them's purdy pictures.
kirkuki
Member
- Thread starter
- #25
After Exxon Chevron and Total buying into kurdistan blocks, Russian Gazprom Neft signs production sharing deals with Kurdistan
Mr. H.
Diamond Member
How come they get to build pipelines but we don't get the Keystone XL?
Mr. H.
Diamond Member
Nevermind.
Hey- you know how many barrels of oil it would take to reach the moon?
Just one... but it would have to be a big one.
Hey- you know how many barrels of oil it would take to reach the moon?
Just one... but it would have to be a big one.
hipeter924
Not a zombie yet
Reality hurts his feelings, also the government in Iraq is just as corrupt as any other in the Middle East and Caucasus region; which means just like with Azerbaijan the people get nothing and the corrupt officials and politicians get everything.what are you drinking !!?? the world needs more fuel and Kurdistan has 45 billion barrels of oil as well as 112 trillion cbf of gas , and turkey cant do much in terms of embargo bcoz the whole world benefits from it as well , the same with iran trying to close down that island which 90% of worlds oil usage goes thru it
Distribution of energy West of Caspian Sea is monopolized by Russia.
What the world needs is secondary. There are realities in this world and the world has no access to the plenty energy-sources there.
So, let's look at your reality:
- landlocked entity within Iraq
What are the options?
- export Oil through Basra in South (under Baghdad's control which you try to break-out of)
- export Oil through Iran (USA won't allow)
- export Oil through Syria (currently in war, and soon to be regime-changed with SNC which has headquarters in Turkey as its biggest backer).
Turkey will monopolize your Oil, just like Russia does with Kazakhstan.
We'll buy cheap Oil, consume some of it and sell the rest at higher price to International markets.
And if you don't behave, we'll shut down the Pipelines.
kirkuki
Member
- Thread starter
- #32
Pipeline connects AFTER Baghdads meetering station!
"The Kurdistan pipeline joins i-racks main export pipeline to Turkey after a Baghdad-controlled metering station, Hayward said. That will give the Kurds full control, bypassing the federal government."
Hayward Says Completed Pipeline Turning Point for Kurdistan - Businessweek
"The Kurdistan pipeline joins i-racks main export pipeline to Turkey after a Baghdad-controlled metering station, Hayward said. That will give the Kurds full control, bypassing the federal government."
Hayward Says Completed Pipeline Turning Point for Kurdistan - Businessweek
kirkuki
Member
- Thread starter
- #33
Oil export pipeline near completion, KRG minister tells meeting at Conservative Party conference
THU, 3 OCT 2013 09:08 | KRG.org
Manchester, UK (KRG.org) - A pipeline to export oil from the Kurdistan Region will be operational within a few months, Ashti Hawrami, the Kurdistan Regional Government Minister of Natural Resources, told a meeting at the Conservative Party conference yesterday.
'The new oil export pipeline from the Kurdistan Region is almost complete and is expected to be operational by the end of the year,' Dr Hawrami said. He added that he expects exports to reach 1m barrels per day by 2015 and 2m by 2019. ' We are helping the security and continuity of energy supply to the world,' he said.
He added, 'Sharing all oil revenues according to the federal constitution, and the economic independence of Kurdistan are the recipe for the unity of Iraq.'
The minister was speaking at a meeting addressing energy security, hosted by the KRG UK Representation. Other speakers were Nadhim Zahawi MP, Jane Kinninmont of the think tank Chatham House, analyst and consultant Shwan Zulal, and Bayan Sami Abdul Rahman, the KRG's High Representative to the UK. The meeting was chaired by Robert Halfon MP, vice-chairman of the All-Party Parliamentary Group on the Kurdistan Region.
Dr Hawrami told an audience of Conservative Party members, diplomats, journalists, business representatives and analysts that Kurdistan Region's energy riches had been ignored or used against the Kurdish people under previous Iraqi governments. 'With the liberation of Iraq, a new era, an opportunity for sharing power and wealth, opened up in Iraq. The Iraqi constitution facilitates that but so far it hasn't been implemented,' he said.
The minister also noted that the KRG sees Turkey not just as a conduit for Kurdistan's oil and gas to Western markets, but also as a consumer and partner. Dr Hawrami highlighted the role of British companies in the energy sector as well as in Kurdistan's growing economy generally. He encouraged British companies to continue to look at Kurdistan as a destination for their investment. 'We have a good relationship with Britain and there are lots of opportunities for British companies. It's a win-win situation.'
Bayan Sami Abdul Rahman spoke about the KRG's strategy of prioritising tourism, agriculture and industry in order to avoid over-reliance on the energy sector. She said that the Kurds were now a factor in the shaping of the Middle East, both in terms of energy security and political settlements.
Nadhim Zahawi, the first British member of parliament to be of Kurdish origin, told the meeting that groups like the Kurds could no longer be ignored by those wishing to establish peace in the Middle East. Jane Kinninmont said that the KRG would need to diversify its economy. 'I visited Kurdistan this year and spoke to young students who were keen that oil and gas is not wasted and that the economy doesn't over-rely on it. Economic diversification will be a very important aspect of Kurdistan's future,' she said.
Shwan Zulal described the Kurdistan Region as a viable source of energy to Europe and pointed out that the KRG hoped to have a minerals law in place in the near future, opening a new sector of the Kurdish economy.
While at the conference, which was held in Manchester, Minister Hawrami and Ms Abdul Rahman met several British ministers and MPs, including Alistair Burt, the Minister for the Middle East, Energy Minister Michael Fallon, Sajid Javid, Minister at the Treasury, and Lord Marland, the British Prime Minister's Trade Envoy who recently led a trade delegation to Kurdistan. They also met the Turkish ambassador in Britain, Ünal Çeviköz, who welcomed them to the Conservative Friends of Turkey reception at the party conference.
The KRG UK Representation also attended the annual conferences of the Labour and Liberal Democrat parties in September. The Representation hosted a discussion on Kurdistan at the Labour Party conference with Ian Lucas, Shadow Middle East Minister, the Labour peer Lord Glasman, Faik Nerwayi, the Iraqi Ambassador to the UK, and Gary Kent, director of the APPG on Kurdistan.
Oil export pipeline near completion, KRG minister tells meeting at Conservative Party conference
THU, 3 OCT 2013 09:08 | KRG.org
Manchester, UK (KRG.org) - A pipeline to export oil from the Kurdistan Region will be operational within a few months, Ashti Hawrami, the Kurdistan Regional Government Minister of Natural Resources, told a meeting at the Conservative Party conference yesterday.
'The new oil export pipeline from the Kurdistan Region is almost complete and is expected to be operational by the end of the year,' Dr Hawrami said. He added that he expects exports to reach 1m barrels per day by 2015 and 2m by 2019. ' We are helping the security and continuity of energy supply to the world,' he said.
He added, 'Sharing all oil revenues according to the federal constitution, and the economic independence of Kurdistan are the recipe for the unity of Iraq.'
The minister was speaking at a meeting addressing energy security, hosted by the KRG UK Representation. Other speakers were Nadhim Zahawi MP, Jane Kinninmont of the think tank Chatham House, analyst and consultant Shwan Zulal, and Bayan Sami Abdul Rahman, the KRG's High Representative to the UK. The meeting was chaired by Robert Halfon MP, vice-chairman of the All-Party Parliamentary Group on the Kurdistan Region.
Dr Hawrami told an audience of Conservative Party members, diplomats, journalists, business representatives and analysts that Kurdistan Region's energy riches had been ignored or used against the Kurdish people under previous Iraqi governments. 'With the liberation of Iraq, a new era, an opportunity for sharing power and wealth, opened up in Iraq. The Iraqi constitution facilitates that but so far it hasn't been implemented,' he said.
The minister also noted that the KRG sees Turkey not just as a conduit for Kurdistan's oil and gas to Western markets, but also as a consumer and partner. Dr Hawrami highlighted the role of British companies in the energy sector as well as in Kurdistan's growing economy generally. He encouraged British companies to continue to look at Kurdistan as a destination for their investment. 'We have a good relationship with Britain and there are lots of opportunities for British companies. It's a win-win situation.'
Bayan Sami Abdul Rahman spoke about the KRG's strategy of prioritising tourism, agriculture and industry in order to avoid over-reliance on the energy sector. She said that the Kurds were now a factor in the shaping of the Middle East, both in terms of energy security and political settlements.
Nadhim Zahawi, the first British member of parliament to be of Kurdish origin, told the meeting that groups like the Kurds could no longer be ignored by those wishing to establish peace in the Middle East. Jane Kinninmont said that the KRG would need to diversify its economy. 'I visited Kurdistan this year and spoke to young students who were keen that oil and gas is not wasted and that the economy doesn't over-rely on it. Economic diversification will be a very important aspect of Kurdistan's future,' she said.
Shwan Zulal described the Kurdistan Region as a viable source of energy to Europe and pointed out that the KRG hoped to have a minerals law in place in the near future, opening a new sector of the Kurdish economy.
While at the conference, which was held in Manchester, Minister Hawrami and Ms Abdul Rahman met several British ministers and MPs, including Alistair Burt, the Minister for the Middle East, Energy Minister Michael Fallon, Sajid Javid, Minister at the Treasury, and Lord Marland, the British Prime Minister's Trade Envoy who recently led a trade delegation to Kurdistan. They also met the Turkish ambassador in Britain, Ünal Çeviköz, who welcomed them to the Conservative Friends of Turkey reception at the party conference.
The KRG UK Representation also attended the annual conferences of the Labour and Liberal Democrat parties in September. The Representation hosted a discussion on Kurdistan at the Labour Party conference with Ian Lucas, Shadow Middle East Minister, the Labour peer Lord Glasman, Faik Nerwayi, the Iraqi Ambassador to the UK, and Gary Kent, director of the APPG on Kurdistan.
Oil export pipeline near completion, KRG minister tells meeting at Conservative Party conference
kirkuki
Member
- Thread starter
- #34
Kurdistan Region Announces Second Oil Pipeline to Turkey
ERBIL, Kurdistan Region The Kurdistan Regions minister of natural resources, Ashti Hawrami, announced plans for a new pipeline to connect the regions oil and gas to Turkey and the world market.
The second pipeline would have a capacity of at least 1 million barrels per day (bpd) and would be completed within the next 18-24 months, Reuters quoted Hawrami as saying.
The Kurdistan Region sits on an estimated 45 billion barrels of oil and the Iraqi constitution gives the Kurds the right to extract and export their oil to the world market, given that the revenue is shared with the central government in Baghdad.
Kurdish authorities find neighboring Turkey the ideal gateway to the world, especially through the Ceyhan port on the Mediterranean Sea, where the Kurdish oil will end up once the pipelines are finished.
The Iraqi government strongly opposes Kurdistans independent plans to build oil pipelines into Turkey, said Hussein Shahristani, Iraqs deputy prime minister for energy affairs and former minister of oil.
Shahristani said in a statement on Thursday that, Turkey is aware of Iraqs concerns and absolute rejection of that plan.
The Iraqi government has opposed the pipeline and most of Kurdistans oil deals with foreign companies, fearing that economic independence will drift the northern provinces away from Iraq and towards a possible independent state.
The statement from Shahristani added that Turkey had promised to honor its agreement with Baghdad and that they wouldnt allow the export of Kurdish oil without the consent of the Iraqi government.
Kurdistan Region Announces Second Oil Pipeline to Turkey
ERBIL, Kurdistan Region The Kurdistan Regions minister of natural resources, Ashti Hawrami, announced plans for a new pipeline to connect the regions oil and gas to Turkey and the world market.
The second pipeline would have a capacity of at least 1 million barrels per day (bpd) and would be completed within the next 18-24 months, Reuters quoted Hawrami as saying.
The Kurdistan Region sits on an estimated 45 billion barrels of oil and the Iraqi constitution gives the Kurds the right to extract and export their oil to the world market, given that the revenue is shared with the central government in Baghdad.
Kurdish authorities find neighboring Turkey the ideal gateway to the world, especially through the Ceyhan port on the Mediterranean Sea, where the Kurdish oil will end up once the pipelines are finished.
The Iraqi government strongly opposes Kurdistans independent plans to build oil pipelines into Turkey, said Hussein Shahristani, Iraqs deputy prime minister for energy affairs and former minister of oil.
Shahristani said in a statement on Thursday that, Turkey is aware of Iraqs concerns and absolute rejection of that plan.
The Iraqi government has opposed the pipeline and most of Kurdistans oil deals with foreign companies, fearing that economic independence will drift the northern provinces away from Iraq and towards a possible independent state.
The statement from Shahristani added that Turkey had promised to honor its agreement with Baghdad and that they wouldnt allow the export of Kurdish oil without the consent of the Iraqi government.
Kurdistan Region Announces Second Oil Pipeline to Turkey
kirkuki
Member
- Thread starter
- #35
South Kurdistan reiterates objection to BP's Kerkûk oil deal
(Reuters) - South Kurdistan reiterated its objection to a deal between BP and the central government to develop the northern Kerkûk oilfield, a day after the local governor, a Kurd, voiced full support for the British company's plans.
Kerkûk lies on the disputed boundary between the autonomous South Kurdistan and the rest of Iraq, and is at the heart of a dispute between Baghdad and the region over territory and resources.
The Kurdistan Regional Government's (KRG) difference with the Kerkûk governor's stance on the BP deal also points to tensions within the autonomous region over how to manage resources.
Baghdad signed a contract in early September for BP to revive the giant oilfield, allowing the company to negotiate access to significant reserves in the north in return for helping to arrest a huge decline in output.
At that time, the Kurdistan Regional Government (KRG) rejected the deal.
On Wednesday, BP chief executive Bob Dudley and Iraqi Oil Minister Abdul Kareem Luaibi traveled to Kerkûk and met the city's governor, who voiced his "complete support".
But a spokesman for Kurdistan's Ministry of Natural Resources (MNR) said on Thursday it continued to oppose the deal and would neither facilitate nor assist any work or security for BP until the KRG was engaged as an equal partner.
"The KRG has to date not been consulted on this matter and we regard the agreement that BP has allegedly signed with the federal government as unconstitutional, and therefore not legally defensible," the spokesman said.
The governor of Kerkûk, Najimeldin Kareem, is a senior member of the Patriotic Union of Kurdistan (PUK), which rules in partnership with the Kurdistan Democratic Party (KDP) -- seen as the main driver behind the region's oil policy.
"The fact that Najimeldin has seen BP and welcomed them to Kerkûk, and MNR has issued a statement saying they were not informed is a clear indication of a rift opening between the Kurdish political parties," said Shwan Zulal, head of the London-based Carduchi Consulting.
Iraqi Kurdistan reiterates objection to BP's Kirkuk oil deal | Reuters
(Reuters) - South Kurdistan reiterated its objection to a deal between BP and the central government to develop the northern Kerkûk oilfield, a day after the local governor, a Kurd, voiced full support for the British company's plans.
Kerkûk lies on the disputed boundary between the autonomous South Kurdistan and the rest of Iraq, and is at the heart of a dispute between Baghdad and the region over territory and resources.
The Kurdistan Regional Government's (KRG) difference with the Kerkûk governor's stance on the BP deal also points to tensions within the autonomous region over how to manage resources.
Baghdad signed a contract in early September for BP to revive the giant oilfield, allowing the company to negotiate access to significant reserves in the north in return for helping to arrest a huge decline in output.
At that time, the Kurdistan Regional Government (KRG) rejected the deal.
On Wednesday, BP chief executive Bob Dudley and Iraqi Oil Minister Abdul Kareem Luaibi traveled to Kerkûk and met the city's governor, who voiced his "complete support".
But a spokesman for Kurdistan's Ministry of Natural Resources (MNR) said on Thursday it continued to oppose the deal and would neither facilitate nor assist any work or security for BP until the KRG was engaged as an equal partner.
"The KRG has to date not been consulted on this matter and we regard the agreement that BP has allegedly signed with the federal government as unconstitutional, and therefore not legally defensible," the spokesman said.
The governor of Kerkûk, Najimeldin Kareem, is a senior member of the Patriotic Union of Kurdistan (PUK), which rules in partnership with the Kurdistan Democratic Party (KDP) -- seen as the main driver behind the region's oil policy.
"The fact that Najimeldin has seen BP and welcomed them to Kerkûk, and MNR has issued a statement saying they were not informed is a clear indication of a rift opening between the Kurdish political parties," said Shwan Zulal, head of the London-based Carduchi Consulting.
Iraqi Kurdistan reiterates objection to BP's Kirkuk oil deal | Reuters
kirkuki
Member
- Thread starter
- #36
United Kingdom to send delegate to South Kurdistan regarding Kurdish-Turkish oil agreement
9/11/2013 17:27:00
The historic news surrounding South Kurdistan`s oil to be exported to Turkey has gained worldwide interest, as the news has been welcomed by United Kingdom`s parliament.
Robert Halfon`s, famous member of parliament and UK`s Conservative Party also an old friend of Kurds, proposal shows the bright sides and future hopes regarding the subject; this agreement is sign to the success of diplomatic relations and further indicates the strong relations between the two countries, who had disagreements at a point. The proposal denies the fears that success of Kurdistan in terms of economy will lead to the division of Iraq; it suggests that this will lead to the success of Iraq, as well.
The proposal indicates: The agreement will allow South Kurdistan to export 2 million barrels to other countries and at least 10 billion cubic meter of gas to Turkey.
The talks about Kurdish-Turkish oil agreement in UK Parliament came within the Initial Proposal of the Day, a mechanism which allows parliament members to express their opinions regarding a matter, and then have the chance to discuss it with ministers during parliament sessions and later spread it to the media.
The proposal will be agreed upon by other members of the parliament and other friends of Kurds inside UK Parliament in the few next days.
PUKmedia Patriotic Union of Kurdistan
9/11/2013 17:27:00
The historic news surrounding South Kurdistan`s oil to be exported to Turkey has gained worldwide interest, as the news has been welcomed by United Kingdom`s parliament.
Robert Halfon`s, famous member of parliament and UK`s Conservative Party also an old friend of Kurds, proposal shows the bright sides and future hopes regarding the subject; this agreement is sign to the success of diplomatic relations and further indicates the strong relations between the two countries, who had disagreements at a point. The proposal denies the fears that success of Kurdistan in terms of economy will lead to the division of Iraq; it suggests that this will lead to the success of Iraq, as well.
The proposal indicates: The agreement will allow South Kurdistan to export 2 million barrels to other countries and at least 10 billion cubic meter of gas to Turkey.
The talks about Kurdish-Turkish oil agreement in UK Parliament came within the Initial Proposal of the Day, a mechanism which allows parliament members to express their opinions regarding a matter, and then have the chance to discuss it with ministers during parliament sessions and later spread it to the media.
The proposal will be agreed upon by other members of the parliament and other friends of Kurds inside UK Parliament in the few next days.
PUKmedia Patriotic Union of Kurdistan
kirkuki
Member
- Thread starter
- #37
Proposed National Oil Company to Give Hewlêr More Control over Oil Industry
Hewlêr , South Kurdistan – southern autonomous South Kurdistan has announced a major plan that would give it full control of its oil industry and create a monetary fund whose revenues would be directly shared with the enclave’s five million citizens.
Ashti Hawrami, minister of natural resources in the Kurdistan Regional Government (KRG), told Rudaw television last week that his ministry had sent two proposals to the Kurdistan parliament, one for the creation of the Kurdistan National Oil Company (KNOC) and the other for the monetary fund.
“Two separate draft proposals to establish (KNOC) -- and a monetary fund where its revenues would go -- have been sent to the Kurdistan parliament for approval,” Hawrami said.
“Its revenue will go directly to the Kurdistan citizens,” he said, adding that each family would end up receiving $1,200 once oil output targets hit one million barrels per day in 2015.
“The annual revenue for each family would be somewhere around US$1,200, if Kurdistan’s oil export rises to one million barrel per day,” Hawrami said. He advised citizens to invest their shares for the benefit of future generations.
KNOC would account for three percent of Kurdistan’s total oil revenues.
“The initiative pushes Kurdistan’s oil industry into a whole new level,” Hawrami said.
Hawrami’s announcement came in the midst of Kurdistan’s parliamentary election campaigns, in which the ruling Kurdistan Democratic Party (KDP) has secured the largest number of votes, according to early results from Saturday’s polls.
Hawrami said he hoped that the draft projects would be the next parliament’s priorities for discussion. He said he hoped that KNOC would attract more oil companies, train hundreds of Kurdish employees in oil-sector jobs and give the KRG complete control over its oil industry.
The proposed plan is likely to sour Erbil-Baghdad relations even further. Baghdad insists that Hewlêr does not have the right to sign direct oil exploration and sales contracts without the central government’s intercession. Hewlêr maintains it has the constitutional right, and has largely ignored Baghdad’s terse objections.
Hawrami said that the South Kurdistan’s oil law has clearly mentioned the establishment of KNOC.
National oil companies play a significant role in developing local economies as well as their oil sectors. Oftentimes, they require technical support and skilled manpower and seek partnerships with big oil companies.
According to the United States Energy information Administration, NOCs account for 52 percent of global oil production and control 88 percent of proven oil reserves.
Proposed National Oil Company to Give Erbil More Control over Oil Industry
Hewlêr , South Kurdistan – southern autonomous South Kurdistan has announced a major plan that would give it full control of its oil industry and create a monetary fund whose revenues would be directly shared with the enclave’s five million citizens.
Ashti Hawrami, minister of natural resources in the Kurdistan Regional Government (KRG), told Rudaw television last week that his ministry had sent two proposals to the Kurdistan parliament, one for the creation of the Kurdistan National Oil Company (KNOC) and the other for the monetary fund.
“Two separate draft proposals to establish (KNOC) -- and a monetary fund where its revenues would go -- have been sent to the Kurdistan parliament for approval,” Hawrami said.
“Its revenue will go directly to the Kurdistan citizens,” he said, adding that each family would end up receiving $1,200 once oil output targets hit one million barrels per day in 2015.
“The annual revenue for each family would be somewhere around US$1,200, if Kurdistan’s oil export rises to one million barrel per day,” Hawrami said. He advised citizens to invest their shares for the benefit of future generations.
KNOC would account for three percent of Kurdistan’s total oil revenues.
“The initiative pushes Kurdistan’s oil industry into a whole new level,” Hawrami said.
Hawrami’s announcement came in the midst of Kurdistan’s parliamentary election campaigns, in which the ruling Kurdistan Democratic Party (KDP) has secured the largest number of votes, according to early results from Saturday’s polls.
Hawrami said he hoped that the draft projects would be the next parliament’s priorities for discussion. He said he hoped that KNOC would attract more oil companies, train hundreds of Kurdish employees in oil-sector jobs and give the KRG complete control over its oil industry.
The proposed plan is likely to sour Erbil-Baghdad relations even further. Baghdad insists that Hewlêr does not have the right to sign direct oil exploration and sales contracts without the central government’s intercession. Hewlêr maintains it has the constitutional right, and has largely ignored Baghdad’s terse objections.
Hawrami said that the South Kurdistan’s oil law has clearly mentioned the establishment of KNOC.
National oil companies play a significant role in developing local economies as well as their oil sectors. Oftentimes, they require technical support and skilled manpower and seek partnerships with big oil companies.
According to the United States Energy information Administration, NOCs account for 52 percent of global oil production and control 88 percent of proven oil reserves.
Proposed National Oil Company to Give Erbil More Control over Oil Industry
kirkuki
Member
- Thread starter
- #38
Taqa seeks Kurdish approval to start pumping oil Join our daily free Newsletter
MENAFN - 05/09/2013
(MENAFN) Abu Dhabi National Energy (Taqa) seeks an approval to transfer 30,000 barrels per day (bpd) from its field in Kurdistan in Iraq, The National reported.
The oil company is currently discussing its development plan with the Kurdish government to get approval for pumping its oil.
While 30,000 bpd are considered very little, Taqa is planning to expand its production further as the Kurdish government seeks to increase its exports.
Taqa owns 53.2 percent stake in the Atrush field in the Kurdistan region which it bought from General Exploration Partners at the end of last year.
Taqa seeks Kurdish approval to start pumping oil - MENAFN
MENAFN - 05/09/2013
(MENAFN) Abu Dhabi National Energy (Taqa) seeks an approval to transfer 30,000 barrels per day (bpd) from its field in Kurdistan in Iraq, The National reported.
The oil company is currently discussing its development plan with the Kurdish government to get approval for pumping its oil.
While 30,000 bpd are considered very little, Taqa is planning to expand its production further as the Kurdish government seeks to increase its exports.
Taqa owns 53.2 percent stake in the Atrush field in the Kurdistan region which it bought from General Exploration Partners at the end of last year.
Taqa seeks Kurdish approval to start pumping oil - MENAFN
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