Kurdistan Oil & Gas Development

[alan131210]

"cough cough" Marathan oil is selling some of its blocks to "total oil" french giant super major, here is where their blocks are located

[alan131210]

i would like to post a very good Question asked by dear "Rando" and my reply in here, as i think it will give our members a good idea of what is going on between kurdistan and iraq. btw i am currently enrolled to do my degree in Petroleum engineering at UNSW university for Feb 2013 cant wait i am doing my research beforehand


Question: kak alan,can you tell me how these oil deals work? Do the oil companies get any % of the oil revenue generated? or do they get a sum that both sides have agreed to (example 200mil),and no matter how much money we get for the oil,they won`t get any %?

Answer: every oil contract is different depends on the oil company's experience and the estimated reserve of the oil in the field it is operating on.

iraq was previously banning any oil company trying to explore or sign contracts with Kurdistan, and it worked (while it lasted) to make the oil giants stay away from kurdistan , so kurdistan in 2007 according to the Constitution article 112 passed its own oil and gas law, which gives kurdistan total authority bypassing central gov'.

article 112 says :"if iraq does not pass a new oil and gas law then kurdistan can pass its own law to operate oil within its region until a new law is passed in baghdad". the fuckers in baghdad want to keep using saddam era policy as it is a centralized oil policy (no oil developments for Kurdistan) while according to their own constitution article 111,112 it says otherwise and gives Kurdistan the authority it has but they dont want to ratify a new law and yet call our work "unconstitutional" while its vice versa.

then in order to over come the ban iraq put forward , kurdistan had to offer a more attractive deal that of iraq which is known as PSP (produce sharing) as vs iraq's contracts which are service contracts and not much $$ for the oil companies to be made.... in other words Kurdistan oil deals are much more profitable than of iraq's and KRG had no choice but to do this for the time been.

Kurdistan was very clever and introduced this law and policy to attract the oil companies and one by one they are now pouring into kurdistan , yes the companies sometimes have 10%-40% share of the oil field but we had to do this in order to attract them and bypass the ban iraq had imposed on us.

Kurdistan is now working on offering lesser % to the companies coming in as the policy to bypass iraq's ban was successful

[alan131210]

16/07/2012 14:29
 
ERBIL, July 16 (AKnews) – Ankara has sharply responded to Baghdad’s claim that the export of crude oil from the Kurdistan Region to Turkey is illegal, saying such trade was legal.

The Kurdistan Region started exporting oil to Turkey by tankers two weeks ago.

Iraqi spokesman Ali Dabbagh announced earlier that Turkey was contributing to the smuggling of Iraqi oil and must stop the unauthorized export of oil through its land. Dabbagh added that exporting oil from the Kurdistan Region to Turkey is illegal.

He said: "This matter will affect ties between the two countries, especially economic relations, which will be damaged."

The Turkey-Baghdad tie deteriorated further following these remarks.

Turkey said if there were a legal problem, we would not have started exporting, reported Hürriyet Daily News.

Turkish Energy Minister Taner Yıldız said the trade did not violate the law. “We are conducting operations similar to those we conduct with all neighboring countries in order to meet demand.”

Yıldız added that the private sector’s Tüpraş was conducting this trade.

[Cewlik]

ExxonMobil signed six contacts with the KRG, three of these contracts are for oil fields located in the disputed regions.

Can anybody tell me all the 6 regions wehere ExxonMobil workes, also which region is in the KRG and which is disputed.

[brendar]

i would like to post a very good Question asked by dear "Rando" and my reply in here, as i think it will give our members a good idea of what is going on between kurdistan and iraq. btw i am currently enrolled to do my degree in Petroleum engineering at UNSW university for Feb 2013 cant wait i am doing my research beforehand

Wow, that is one of the top universities in the world and in Australia. I wish you all the best and i hope you will get a top grade! By the way, I will be starting my computer science degree in this September.

[alan131210]

i would like to post a very good Question asked by dear "Rando" and my reply in here, as i think it will give our members a good idea of what is going on between kurdistan and iraq. btw i am currently enrolled to do my degree in Petroleum engineering at UNSW university for Feb 2013 cant wait i am doing my research beforehand

Wow, that is one of the top universities in the world and in Australia. I wish you all the best and i hope you will get a top grade! By the way, I will be starting my computer science degree in this September.

Yes I am doing for the big fish in Kurdistan, "ExxonMobil" .

Good luck to you as well hope you will make us all proud and to work in Kurdistan to develop our future Country.

Cewlik

I'll reply to your post tomo As I'm now going to bed

[Cewlik]

i would like to post a very good Question asked by dear "Rando" and my reply
Cewlik

I'll reply to your post tomo As I'm now going to bed

Thanks, because in the news they say everytime that ExxonMobil signed six contacts with the KRG, three of these contracts are for oil fields located in the disputed regions, but they dont say where this 6 regions where.

I think 1 of this regions is Shekahn, if I am not wrong. But is Shekahn part of the disputed areas or officially part of the KRG. And where are the other 5 regions.

[burnsss]

STANBUL — Growing tensions between Baghdad and the semiautonomous Iraqi Kurdish government over control of the country's energy reserves is threatening to pull neighboring Turkey into the deepening dispute. This past weekend, Iraq warned Ankara that such trade with the region could damage its relations with the central government in Baghdad.

Iraq's semiautonomous Kurdish regional government has started to send dozens of tankers of crude oil to neighboring Turkey. The shipments will be refined and sent back to the Kurdish enclave. Turkey said last week that it had begun importing five to 10 road tankers of crude a day from the northern region of Iraq and the volume could rise to 100-200 tankers per day.

This has angered the Iraqi government of Prime Minister Nouri al-Maliki who called on Ankara to immediately end the arrangement.

But Sinan Ulgen, head of the Istanbul-based international relations research center Edam, thinks Baghdad will be disappointed

"No, I don't think Ankara will comply, essentially for two reasons: one, relationship between Maliki government is quite problematic. Turkey accuses Maliki of trying to grab power. So Ankara does not feel any sort of need to please the Maliki government; secondly Ankara does not want to take a step that would endanger the position of the Kurdish regional government in its own dealing with Baghdad," Ulgen said.

The Kurds and the Arab-led government in Baghdad have been arguing over the right to develop and export the north's natural resources. Baghdad says the region has no right to sign deals unilaterally and that exports must go through the state-run pipelines. Kurds argue that the constitution gives them the right to sign agreements without consulting Baghdad.

Felah Mustafa Bakir is the head of foreign relations for the Kurdistan Regional Government.

"We have done nothing in violation of the Iraqi Constitution. We have respected the Iraqi Constitution and we want to help the people. We have been able to develop sector. We have been able to produce oil for 175,000 barrels a day, that we did not have single barrel in the past," Bakir said.

Despite the controversy, Iraqi Kurds have been signing contracts with international oil companies, including U.S. oil giant Exxon.

Michael Howard is an adviser to the Iraqi Kurdish energy ministry. He says the Kurdish regional government realizes the potential in selling to Turkey.

"Turkey is a growing economy at the moment, it aims to be one of top 10 economies within 10 years. They don't have a great deal of energy themselves. So they will be looking around at their neighbors for their energy security. But also Turkey could be a major a transit route," Howard said.

For years, Baghdad and Iraqi Kurdistan have been trying to hammer out a solution by passing a so-called hydrocarbon law. Baghdad believes petroleum policy should be set at the federal level and comply with its interpretation of the constitution. Irbil, in contrast, wants to be able to award production contracts and plan export pipelines on its own terms.

Political observers say there is little hope of a solution.

Ulgen said irrespective of whether a new law is passed, Ankara is already eyeing Iraqi Kurds' energy as a vital source.

"I would expect Turkey would continue to buy oil even if the hydrocarbon law issue is not resolved. In the long run Turkey is looking at the opportunities in northern Iraq in order to allay some of its concerns over energy imports. So from that perspective in the medium and long term it will provide an alternative to Turkey's dependency on Iran," Ulgen said.

Ankara has been cutting its energy imports from neighboring Iran to comply with international sanctions against Tehran over its nuclear program. That, analysts say, has given added impetus to its growing economic and political ties with its Iraqi Kurdish neighbors, despite what Baghdad says
Source; http://www.voanews.com/content/turky-ku ... 16529.html

I like the last sentence, essentially it says Bagdad can bark all they want

[alan131210]

ExxonMobil signed six contacts with the KRG, three of these contracts are for oil fields located in the disputed regions.

Can anybody tell me all the 6 regions wehere ExxonMobil workes, also which region is in the KRG and which is disputed.

The blocks are:

1. Elquş: northwest of Erbil city and formerly assigned to Komet Group but withdrawn for lack of development.
2. Başîqa: southeast of Al Quş town.
3. Pîrmam: in Erbil.
4. Bêtwate.
5. Qere-Hencîr: southwest of Chamchamal
6. a sixth block located along the border with Iran near the Pêncwên border crossing.

most important ones are the ones in Sheikhan known as the "sliced off areas" they are Başîqa and Elquş, KRG controls it but its is not official like Khanaqin and others. the word of Exxon will begin in Jan 2013.

here is an interesting read about the ExxonMobil contracts
http://dalesmann.com/fruit-and-veg-exxons-6-blocks/

[alan131210]

ERBIL, July 16 (AKnews) - An MP from the Kurdish Blocs Coalition (KBC) stated today that there are political aspects in dealing with the oil and gas file between Erbil and Baghdad, assuring that the Kurdistan Regional Government (KRG) announced that it would liquidate amounts of oil in the Turkish refineries to meet the needs of the citizens of Kurdistan.

The vice chairman of the KBC Mohsen al-Saadoun said: "The federal Oil Ministry and the representatives of government who are specialists in oil and gas affairs failed to keep their legal obligations that the Council of Representatives voted for within the general budget with regard to the payment of financial dues to oil companies operating in the Kurdistan Region.

"The Iraqi Oil Ministry did not provide the share of the Kurdistan Region of oil products and didn't pay the dues of foreign oil companies operating in the region, and all this prompted the region to resort to the liquidation of the crude oil in refineries in Turkey. This is not considered an export of oil.

"Iraqi Deputy Prime Minister for Energy Affairs Hussein al-Shahristani is responsible for the current situation between Baghdad and Erbil, and I think that there are political aspects in dealing with the oil and gas file between Baghdad and Erbil."

Turkey announced last Friday about importing between five to ten trucks per day of crude from the area in northern Iraq adding that the number may reach 100 or 200 trucks per day.

Spokesman of the Iraqi government Ali al-Dabbagh said in a statement that "the export of oil from Kurdistan to Turkey is illegal," adding that the oil belongs to all Iraqis and that any export operations should be done under the supervision of the federal government."

[alan131210]

Kurdistan, July 14 (Niha24) - Kurdistan Parliament is working on drafting a new legislation in order to dig up the mineral resources.

Because there is no law to explore for mineral resources besides the oil and gas law, the region has not been able to look for other mineral resources, this is while Kurdistan is also rich with other mineral resources thus the parliament is preparing a new law for mineral resources.

The law will allow the foreign companies to explore for mineral resources which will create more jobs for kurdish citizens.

http://www.niha24.com/Direje.aspx?Jimar ... c.facebook

[alan131210]

[alan131210]

Reuters - Shares in Afren gain 7.6 percent, making the British explorer one of the top mid-cap risers, after it said a well in the Kurdistan region of Northern Iraq found more oil and called the results of testing at the well positive.

Analysts at Morgan Stanley, who have an "overweight" rating on the stock, say the flow rates recorded at the well will put a stop to investor worries that it might not be possible to commercialize the oil found.

"As it is still at an early stage, further analysis will be required before a formal volume update can be provided. However, we think the results suggest it is likely to exceed the pre-drill estimate," they say.

http://www.cnbc.com/id/48237434
http://uk.reuters.com/article/2012/07/1 ... B520120719

[burnsss]

http://in.reuters.com/article/2012/07/1 ... KF20120719
Haha Milkys boys must be really mad. All their efforts of destabalizing kurdistan have failed. Chevron bought shares in two fields for 200 million dollars

[alan131210]

America's Chevron buying 2 Kurdistan blocks from India's Reliance Industries



BAGHDAD, — Chevron Corp is buying into blocks in Kurdistan, according to two oil executives involved in the Kurdish region, as the second-largest U.S. oil company follows Exxon Mobil Corp into an area where oil rights are a subject of fierce dispute.

Chevron is purchasing 80 percent of the Sarta and Rovi blocks from India's Reliance Industries Ltd, according to the two executives, who requested anonymity.

The deal was signed in the last few days by both companies, said one person close to the Kurdistan Ministry of Natural Resources. Reliance already holds the oil licenses in question. WSJ reported.

It is a foray into Iraq for Chevron after the California oil company was not involved in contracts awarded in Iraq's four licensing rounds. Austria's OMV AG holds the other 20 percent interest in Sarta/Rovi.

Exxon caused a stir in Baghdad last year by signing an exploration deal with the Kurdistan Regional Government in the north, which the central government deemed illegal.

Just last month, Iraq asked U.S. President Barack Obama to stop Exxon from exploring in the autonomous region because it could have dire consequences for the country's stability.

Chevron declined to comment on Wednesday, saying that it continued to be interested in pursuing opportunities that "help Iraq achieve its objectives for the oil and gas industry."

Last November's signing of the Exxon exploration deal with Iraqi Kurdistan marked the first time a major oil company had dealt directly with the Kurds.

Kurdistan, with its own government, has clashed with Baghdad over autonomy and oil rights. It halted its crude exports in April after accusing the central government of not making due payments.

Another U.S. oil major now enters the mix through the deal with Reliance, which Britain's Sunday Times newspaper said was thought to be worth about $200 million in a report of the talks.

Chevron already has a history with the Indian energy conglomerate, which is controlled by Asia's second-richest person, Mukesh Ambani. Chevron bought Reliance's partner in U.S. shale gas, Atlas Energy, in a 2011 deal that the Indian company said undervalued the assets.

And in 2009, Chevron sold back a 5 percent stake in Reliance's Jamnagar, the world's largest refinery complex.

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