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Kurdistan Regional Government to conclude a contract with a British company to invest a region fields
Saturday, June 29, 2013 14:17
[Baghdad - where]
The Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, signed a contract with Gulf Keystone Petroleum British investment field Shikhan province.
And spins a dispute between Arbil and Baghdad on 41 contracts, oil and signed by the provincial government since 2007 until now, you see the central government in Baghdad that any oil contract must be done with their consent, and refused Kurdistan recent draft of the oil and gas law approved by the Iraqi government and sent to the House of Representatives for approval, which strongly opposed by the Kurdistan Regional Government.
A statement by the provincial government and received all of Iraq [where] a copy of "the Kurdistan Regional Government has ratified the establishment of the British company Gulf Keystone implement a plan develop Shikhan oil field."
He explained, "He will be produced [40] thousand barrels per day in the coming weeks, rising to 150 thousand over the next three years."
The statement pointed out, "It is due to arrive rate of production to 250 thousand barrels per day by the year 2018, stressing that" the province is working to develop its oil production to up to one million barrels per day, the end of 2015 and then rise to two million barrels end of the decade. "
The oil imports about 95% of Iraq's budget, but so far no country's law regulating its affairs after the failure of the House of Representatives Bdortih past and present to pass the law of oil and gas, which was expected to rise oil situation in the event of approval.
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Saturday, June 29, 2013 14:17
[Baghdad - where]
The Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, signed a contract with Gulf Keystone Petroleum British investment field Shikhan province.
And spins a dispute between Arbil and Baghdad on 41 contracts, oil and signed by the provincial government since 2007 until now, you see the central government in Baghdad that any oil contract must be done with their consent, and refused Kurdistan recent draft of the oil and gas law approved by the Iraqi government and sent to the House of Representatives for approval, which strongly opposed by the Kurdistan Regional Government.
A statement by the provincial government and received all of Iraq [where] a copy of "the Kurdistan Regional Government has ratified the establishment of the British company Gulf Keystone implement a plan develop Shikhan oil field."
He explained, "He will be produced [40] thousand barrels per day in the coming weeks, rising to 150 thousand over the next three years."
The statement pointed out, "It is due to arrive rate of production to 250 thousand barrels per day by the year 2018, stressing that" the province is working to develop its oil production to up to one million barrels per day, the end of 2015 and then rise to two million barrels end of the decade. "
The oil imports about 95% of Iraq's budget, but so far no country's law regulating its affairs after the failure of the House of Representatives Bdortih past and present to pass the law of oil and gas, which was expected to rise oil situation in the event of approval.
[You must be registered and logged in to see this link.]
