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18/02/2012
Iraqi Showing the method of payment on credit to buy oil products from Pakistan
The Pakistani government announced that Iraq gave her an offer includes a facility to pay on credit for the purchase of oil derivatives, and revealed a near sending a delegation to Iraq to negotiate a contract, while confirming its quest to develop refineries to accommodate Iraqi crude oil.
The Special Assistant to the Pakistani Prime Minister for Petroleum and Natural Resources Asim Hussain at a press conference, according to (Alsumaria News): The Pakistani government has received an offer from their Iraqi counterparts for the purchase of petroleum products, "noting that" the offer includes payment of amounts due on the payments long term.
Hussein added that his country will soon send a "delegation to Iraq to negotiate a contract," while pointing out that "the Pakistani government will have to develop its refineries or buy new refineries for the liquidation of Iraqi oil."
Hussein explained that "the existing refineries devoted to oil, which has a low sulfur content of the material," adding that "This move will save the state budget between 20 and 30 million dollars a year."
Observers commented on the importance of the signing of Pakistan with Iraq to buy oil to support the power sector, which suffers from a significant decline for some time, because of the debt owed by Pakistan to the oil companies, especially that the state relies heavily on oil to supply energy.
The Iraqi ambassador in Pakistan, announced on 25 August 2011, about Iraq's readiness to supply the latter with oil in order to help them cope with the energy crisis, stressing that it seeks to make it a business partner "essential", while he noted that Iraq offers investment opportunities in several areas of construction, industry, education , as well as other sectors that investors can take advantage of them Pakistanis.
The Iraqi government presented the 2009 investment opportunities in front of Pakistani companies in oil and natural gas, cement, rice and sugar industry, at a time when the Pakistani embassy in Iraq closed against the backdrop of a series of kidnappings, the killing of an engineer of Pakistan, before you decide to re-open diplomatic channels in August 2011 and appointed Shah Muhammad Jamal a new ambassador.
The Office of the United Nations High Commissioner for Refugees said in a report in 2007 that more than 150 Iraqi refugees living in Pakistan, who provided most of them in 1991 after the Gulf War, as with difficult situations Like their ilk who have taken refuge in other countries like Syria, Jordan, Lebanon and others.
In the meantime, Iraq has threatened to expel the company Leighton Holdings Limited Australian outside the country if they are found involved in financial abuses or errors, which would prohibit them work in the oil and gas fields, amid an investigation by Australian Federal Police about the company, according to the Australian Financial Magazine.
The magazine said the company had said earlier this week, it was working with the Australian Federal Police investigation into the payments probably gave it to iTunes Offshore Company affiliate in matters related to oil exports from Iraq.
The magazine said that the deputy director of the oil contracts and licenses the Ministry of Oil Sabah al-Saadi, told the Australian Federal Police said the current contracts Leighton and qualifiers to participate in the bidding in the future may be threatened if any evidence to commit errors.
The magazine quoted Saadi as saying that "Iraq has worked hard to establish a transparent industry in the oil and gas, and these allegations prove to cause damage to our reputation very large world."
He added: "I do not want to anticipate the judgment, which could come of the investigation, but we certainly expect the international companies such as Leighton to adjust their performance to the best international standards."
He stressed that "anything less than that has no place in our industry here in Iraq."
Meanwhile, a director in Maysan Oil Company Ali Qubool that the company is seeking to raise the rates of production of crude oil in the fields working to one million barrels per day.
The Qubool in a press statement that the foreign companies implement development projects Maysan fields and Halfaya and the light and architecture in the context of service contracts, which were drilled 13 wells in the field of Halfaya oil is expected to reach production of the field to 70 thousand barrels per day, the end of June next first stage.
The general director of Maysan Oil Company that the production target within the contract to develop the field Halfaya is 535 thousand barrels per day until the end of 2016, and noted that the company aims to raise the production ceiling in the fields of Maysan and Bazerkan and loose change and Abu west to 450 thousand barrels per day as well as seeking to invest in fields Oil is explored in Dujailah and other sites to increase the volume of oil production.
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Iraqi Showing the method of payment on credit to buy oil products from Pakistan
The Pakistani government announced that Iraq gave her an offer includes a facility to pay on credit for the purchase of oil derivatives, and revealed a near sending a delegation to Iraq to negotiate a contract, while confirming its quest to develop refineries to accommodate Iraqi crude oil.
The Special Assistant to the Pakistani Prime Minister for Petroleum and Natural Resources Asim Hussain at a press conference, according to (Alsumaria News): The Pakistani government has received an offer from their Iraqi counterparts for the purchase of petroleum products, "noting that" the offer includes payment of amounts due on the payments long term.
Hussein added that his country will soon send a "delegation to Iraq to negotiate a contract," while pointing out that "the Pakistani government will have to develop its refineries or buy new refineries for the liquidation of Iraqi oil."
Hussein explained that "the existing refineries devoted to oil, which has a low sulfur content of the material," adding that "This move will save the state budget between 20 and 30 million dollars a year."
Observers commented on the importance of the signing of Pakistan with Iraq to buy oil to support the power sector, which suffers from a significant decline for some time, because of the debt owed by Pakistan to the oil companies, especially that the state relies heavily on oil to supply energy.
The Iraqi ambassador in Pakistan, announced on 25 August 2011, about Iraq's readiness to supply the latter with oil in order to help them cope with the energy crisis, stressing that it seeks to make it a business partner "essential", while he noted that Iraq offers investment opportunities in several areas of construction, industry, education , as well as other sectors that investors can take advantage of them Pakistanis.
The Iraqi government presented the 2009 investment opportunities in front of Pakistani companies in oil and natural gas, cement, rice and sugar industry, at a time when the Pakistani embassy in Iraq closed against the backdrop of a series of kidnappings, the killing of an engineer of Pakistan, before you decide to re-open diplomatic channels in August 2011 and appointed Shah Muhammad Jamal a new ambassador.
The Office of the United Nations High Commissioner for Refugees said in a report in 2007 that more than 150 Iraqi refugees living in Pakistan, who provided most of them in 1991 after the Gulf War, as with difficult situations Like their ilk who have taken refuge in other countries like Syria, Jordan, Lebanon and others.
In the meantime, Iraq has threatened to expel the company Leighton Holdings Limited Australian outside the country if they are found involved in financial abuses or errors, which would prohibit them work in the oil and gas fields, amid an investigation by Australian Federal Police about the company, according to the Australian Financial Magazine.
The magazine said the company had said earlier this week, it was working with the Australian Federal Police investigation into the payments probably gave it to iTunes Offshore Company affiliate in matters related to oil exports from Iraq.
The magazine said that the deputy director of the oil contracts and licenses the Ministry of Oil Sabah al-Saadi, told the Australian Federal Police said the current contracts Leighton and qualifiers to participate in the bidding in the future may be threatened if any evidence to commit errors.
The magazine quoted Saadi as saying that "Iraq has worked hard to establish a transparent industry in the oil and gas, and these allegations prove to cause damage to our reputation very large world."
He added: "I do not want to anticipate the judgment, which could come of the investigation, but we certainly expect the international companies such as Leighton to adjust their performance to the best international standards."
He stressed that "anything less than that has no place in our industry here in Iraq."
Meanwhile, a director in Maysan Oil Company Ali Qubool that the company is seeking to raise the rates of production of crude oil in the fields working to one million barrels per day.
The Qubool in a press statement that the foreign companies implement development projects Maysan fields and Halfaya and the light and architecture in the context of service contracts, which were drilled 13 wells in the field of Halfaya oil is expected to reach production of the field to 70 thousand barrels per day, the end of June next first stage.
The general director of Maysan Oil Company that the production target within the contract to develop the field Halfaya is 535 thousand barrels per day until the end of 2016, and noted that the company aims to raise the production ceiling in the fields of Maysan and Bazerkan and loose change and Abu west to 450 thousand barrels per day as well as seeking to invest in fields Oil is explored in Dujailah and other sites to increase the volume of oil production.
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