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Baghdad plans to hold talks with Exxon Mobil on its contract with the Kurdistan
23/01/2012 18:33
Erbil, January 23 (Rn) - The Iraqi Deputy Prime Minister for Energy, Hussain al-Shahristani said Monday that Baghdad planned to hold talks with Exxon Mobil, the American giant in the field of energy on a contract with the Kurdistan region to explore for oil and gas in six patches geography. It quoted "Reuters" Shahristani told Reuters on the sidelines of a conference of business between the Czech Republic and Iraq, saying that "Baghdad plans to conduct final talks with Exxon Mobil on the partnership agreement with the Kurdistan Regional Government."
It was Exxon's first major oil entering the Kurdistan region when it signed an agreement with Kurdistan Regional Government on 18 October last October to explore for oil and gas in six areas. objected to Baghdad on the contract, said the Iraqi oil ministry said the agreement is illegal and can result in cancellation of the contract Exxon to develop the first phase of West Qurna oil field headquarters in the south. Officials said later that they were studying sanctions.
The head of the Kurdistan region Masoud Barzani, in November last that the region would go ahead with its agreement with Exxon, asserting that Iraqi Prime Minister Nuri al-Maliki has been informed of the agreement before signing it and raised no objection. He described the opposition to the Baghdad agreement as "unconstitutional." and highlighted the agreement tensions between Baghdad and Erbil on the management of oil wealth and Baghdad says that the contracts concluded by the Erbil with international companies in the field of energy "illegal", but the region confirms the compatibility with the Iraqi constitution.
Shahristani said that Iraq plans to increase oil production and exports by 500 thousand barrels per day this year and at a higher rate in 2013. He said, "we added about half a million barrels per day in 2011 in production and exports, and there will be half a million barrels a day more or a little more than in 2012 and add more of that in 2013. " Open: Abdullah Sabri
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23/01/2012 18:33
Erbil, January 23 (Rn) - The Iraqi Deputy Prime Minister for Energy, Hussain al-Shahristani said Monday that Baghdad planned to hold talks with Exxon Mobil, the American giant in the field of energy on a contract with the Kurdistan region to explore for oil and gas in six patches geography. It quoted "Reuters" Shahristani told Reuters on the sidelines of a conference of business between the Czech Republic and Iraq, saying that "Baghdad plans to conduct final talks with Exxon Mobil on the partnership agreement with the Kurdistan Regional Government."
It was Exxon's first major oil entering the Kurdistan region when it signed an agreement with Kurdistan Regional Government on 18 October last October to explore for oil and gas in six areas. objected to Baghdad on the contract, said the Iraqi oil ministry said the agreement is illegal and can result in cancellation of the contract Exxon to develop the first phase of West Qurna oil field headquarters in the south. Officials said later that they were studying sanctions.
The head of the Kurdistan region Masoud Barzani, in November last that the region would go ahead with its agreement with Exxon, asserting that Iraqi Prime Minister Nuri al-Maliki has been informed of the agreement before signing it and raised no objection. He described the opposition to the Baghdad agreement as "unconstitutional." and highlighted the agreement tensions between Baghdad and Erbil on the management of oil wealth and Baghdad says that the contracts concluded by the Erbil with international companies in the field of energy "illegal", but the region confirms the compatibility with the Iraqi constitution.
Shahristani said that Iraq plans to increase oil production and exports by 500 thousand barrels per day this year and at a higher rate in 2013. He said, "we added about half a million barrels per day in 2011 in production and exports, and there will be half a million barrels a day more or a little more than in 2012 and add more of that in 2013. " Open: Abdullah Sabri
[You must be registered and logged in to see this link.]
