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KURDS TURN THE OIL OFF !!!!!!!!!!!!!!!!

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1KURDS TURN THE OIL OFF !!!!!!!!!!!!!!!! Empty KURDS TURN THE OIL OFF !!!!!!!!!!!!!!!! Mon Sep 12, 2011 5:01 am

darjohn


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Editor: AA | SS
Sunday, September 11, 2011 12: 09 GMT
Oil Minister Abdel-Karim

Sumerian news/Baghdad
The Iraqi oil Ministry said Sunday that Kurdistan stopped pumping oil from the region through oil export system without knowing the reasons, saying this would be a loss for the Iraqi economy.

Oil Minister Abdel-Karim of the press would on the sidelines of the Conference promo for the fourth round of licences in Oman, "Kurdistan Regional Government today, stopped pumping oil from fields in the region through oil export system", stating that "the causes of the process stop pumping oil did not know until now."

He would be "stopped pumping oil would be a loss for the Iraqi economy and will cause irreparable damage to the Iraqi Kurdish people in particular and generally".

Deputy Prime Minister for Energy Affairs Hussain Shahristani, on 9 September, from lower crude oil exported from Kurdistan, 150,000 barrels to 50,000 through a pipeline to Turkey in the past two weeks, should be transparent and not contracts in Kurdistan "behind closed doors", stressing that such contracts had not been submitted to the Central Government.

Observers say the return of mutual accusations between Baghdad and Erbil on oil and gas and other issues, the latest of which was to accuse President Massoud Barzani territory to some actors dictatorship in running the country, indicating that the parties come to a new crisis is similar to what happened to the end of 2008 in disputed areas, especially after they failed to find any solutions to outstanding problems.

The Ministry of natural resources in the Kurdistan Regional Government Iraq announced last March 3, from higher export crude oil from fields in the territory to 100,000 barrels per day during the March past, with references to plans to double exports by the end of the year 2011 to 200,000 to 1 million barrels a day by 2015.

Shahristani said earlier that the Iraqi Government does not recognize oil contracts for the Kurdistan Regional Government with the petroleum companies, while the Finance Ministry expects to receive the report of the Office of financial supervision on Arbil to Iraqi contracts for those companies benefits are paid.

The differences still outstanding between Baghdad and Erbil on petroleum province contracts with foreign companies and oil and gas Act, although the Kurdistan began on 1 June last year to export oil from its fields formally, but soon stopped exporting due to differences on receivables companies involved in oil extraction, and continue to export only about 90 days, which pending since September last year, but resumed in early February last year following a new agreement between the province and Baghdad That made the territory one hundred thousand barrels per day.


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