Iraq's oil revenues hit a record ...

April 26, 2011
Iraq's oil revenues hit a record

Baghdad morning

Oil Ministry announced that Iraqi oil revenues for the month of March, a record since 2003 override seven billion dollars.

According to figures published by the ministry on its website, Iraq was 66.9 million barrels of crude oil in March earned him the revenues of 7.167 billion dollars at 107.31 dollars per barrel.

This is the highest monthly revenue that is recorded since 2003.

And return to the previous record in January 6280 where revenues reached billions of dollars

http://www.alsabaah.com/ArticleShow.aspx?ID=6576

In 24 Hours ~ Iraq’s oil exports through Iraqi-Turkish pipeline to resume in 24 hours ...

March 14, 2011

Iraq’s oil exports through Iraqi-Turkish pipeline to resume in 24 hours
Kirkuk, Technicians of Iraq’s state-owned North Oil Company in Kirkuk have completed repairs on the damaged part of the Iraqi-Turkish pipeline, close to the city of Tikrit, and the crude oil exports would resume during the forthcoming 24 hours, a Company source said on Monday.

The Company’s source told Aswat al-Iraq news agency that the experimental pumping had not started after the successful repair of the damaged of the oil pipeline, but it would be completed in order to resume pumping crude oil within the forthcoming 24 hours.

“The halt in pumping oil through the said pipeline did not affect Iraq’s oil exports, because there is enough storage in Turkey’s Ceyhan Terminal on the Mediterranean.

Noteworthy is that oil exports had halted since last Wednesday through the Iraqi-Turkish pipeline due to an explosion that took place on it between Ninewa and Salahaddin provinces.

The oil-rich city of Kirkuk is 250 km to the northeast of Baghdad.

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=141456&l=1

Iraq Oil and Gas Parliament Stresses The Need to Resolve Differences Between Baghdad and Erbil ...

01/03/2011
The oil and gas parliamentary stresses the need to resolve the differences between Baghdad and Erbil
Baghdad, A member of the parliamentary oil and gas, Tuesday, that the problems between Baghdad and Arbil are supposed to be resolved during the current year being impacted negatively on the reality of Iraqi oil exports in the previous phase.

He said Furat al-Shara, told the Kurdish news agency (Rn) that "the oil and gas parliamentary stresses the need for resolving all disputes and technical barriers between Baghdad and Erbil, with respect to export crude oil."

He added that "these problems have affected the price of Iraqi oil should be resolved as soon as possible, as well as finding solutions through its final means of dialogue and mutual understanding between the two sides."

The Iraqi government has the need to turn decades of oil companies from production sharing contracts to service contracts to be approved by the federal government.

Hussein al-Shahristani, Iraqi Deputy Prime Minister for Energy, in 7 of the last month reported media for the approval of the prime minister of the oil contracts signed by the Kurdistan Regional Government with foreign energy companies do not represent the fact that Maliki's position and his view of the confusion that accompanied the news.

And the Kurdistan region of Iraq began exporting oil from its territory for the first time in June of 2009, from the fields of "Taq Taq" and "Tauki" rate of about 100 thousand barrels per day.

And al-Shara that "the performance of the Ministry of Oil in the previous phase was below the level of ambition being adopted approach is evident in the conclusion of contracts and the development of gas fields in which a large proportion of the negative aspects."

Shara noted that "the next stage requires the development of mechanisms, including contracting does not affect the economic structure of Iraq as well as the development of the technical staff of the Ministry and working to resolve differences in a transparent manner with Erbil."

It was agreed with Iraqi Prime Minister Nuri al-Maliki and the Prime Minister Barham Saleh to resume the export of oil territory.

And visited the official delegation from the Kurdistan Regional Government headed by Barham Salih in Baghdad January 16 last, and held a meeting with Iraqi Prime Minister Nuri al-Maliki to agree on a mechanism to export oil to the region and abroad.

Baghdad had been opposed to oil contracts between the Territory and foreign companies without reference to it, as "illegal," in a time when the region repeatedly that the Iraqi constitution grants him this right.

Despite repeated meetings between the governments in Baghdad and Erbil, on this file, except that the two sides did not reach through the four years of the government of Nouri al-Maliki, prior to any solutions.

The company (DNO) of Norway, one of the leading foreign companies licensed to operate in Iraq since the fall of Saddam Hussein's regime, and manages the Tawke oil field, where she began pumping oil to the export pipeline to test the infrastructure neglected.

In the opinion of a number of experts involved in studies of oil that Iraq lacked until now to the political oil and clear-cut, which was a reason to delay the development of its oil wealth.

And announced that the Iraqi Oil Ministry in September last year that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil.

The Iraqi Oil Ministry three rounds of investment licenses for oil and develop oil fields.

Plans to increase Iraq's oil exports during the next six years to 12 million barrels per day after obtaining the approval of the world's oil (OPEC).
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