Iraq and Shell sign a global contract to create complex "beacon" Petrochemical in Basra

  • Agency eighth day
  • January 28, 2015, 13:15


BASRA – ((eighth day))

Iraq on Wednesday signed a contract with Shell International to set up a huge petrochemical plant in Basra province.


The Minister of Industry and Minerals Naseer al-Issawi said during a press conference, "Royal Dutch Shell signed Atakkaka worth $ 11 billion with Iraq to build a petrochemical complex in Basra."


Issawi said that "complex" beacon "Petrochemical will make Iraq the largest producer of petrochemicals in the Middle East."


It was not immediately expected output of the complex size unclear, but is expected to start operation of the complex within five to six years.


Shell, one of the major producers of oil in southern Iraq and had signed a memorandum of understanding with the Ministry of Industry on the project in 2012.


The prime minister Haider al-Abadi, revealed last Friday, during the World Economic Forum in Davos, Switzerland, for "signing a contract with Shell to build a petrochemical plant."

http://8th-day.com/?p=94020



OPEC expects a recovery in oil prices in the next few days

Follow-up / newspaper uprightness

Said Abdullah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) that the current price of oil prices may have reached the lowest levels have been recovering very soon.


Al-Badri said in an interview,
"oil prices currently range between 45 and 55 dollars a barrel, and I think they may have found the lowest level and we will see some recovery very soon."

Asked about the prospects of the Saudi oil policy in the era of the new king-Badri said "Saudi Arabia has a stable state and a stable government and I think that things will go on nature."


And keep the new Saudi King Salman bin Abdul Aziz, Minister of Petroleum Ali al-Naimi in a message designed to calm the fears of the oil market in the wake of the death of King Abdul Allah.anthy 9

http://translate.google.com/translat…Ce-1CmB0L8HFPg



OPEC expects a recovery in oil prices in the next few days

Follow-up / newspaper uprightness

Said Abdullah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) that the current price of oil prices may have reached the lowest levels have been recovering very soon.


Al-Badri said in an interview,
"oil prices currently range between 45 and 55 dollars a barrel, and I think they may have found the lowest level and we will see some recovery very soon."

Asked about the prospects of the Saudi oil policy in the era of the new king-Badri said "Saudi Arabia has a stable state and a stable government and I think that things will go on nature."


And keep the new Saudi King Salman bin Abdul Aziz, Minister of Petroleum Ali al-Naimi in a message designed to calm the fears of the oil market in the wake of the death of King Abdul Allah.anthy 9

http://translate.google.com/translat…Ce-1CmB0L8HFPg

Parliamentary Energy reveal an alternative draft oil and gas law of former Law

Altarykh: 01/26/2015 10:56

Information / Baghdad / ..

revealed the oil and energy parliamentary, on Monday, the start of the Council of Ministers to draft a bill that ensures the oil agreement last between the Governments of the region and the center instead of the draft previous oil and gas law.

The committee member said Tariq Rashid told / information / , "The oil and gas law was controversial and widely between the federal government and the Kurdistan Regional Government, was born disagreements and major conflicts between the two governments, in addition to the differences between Baghdad and the provinces."

He added that "the Council of Ministers sent the draft oil and gas law in 2007 to parliament for reading and vote on it, but the Parliament expressed his remarks at the time and decided to return the project to the government since then and to this day the government did not work on the study and include the House of Representatives Notes within the law and send it again."

He said Rashid said "the Council of Ministers and with the help of oil experts in the process of a draft law legislation According to a new agreement between the Governments of the oil center and the region instead of the previous oil and gas law, "likely" that the draft presented to the House of Representatives in the coming sessions to read and vote on them." Finished / 25 u

http://www.almaalomah.com/news/9572/…86%D9%88%D9%86

Parliamentary Energy reveal an alternative draft oil and gas law of former Law

Altarykh: 01/26/2015 10:56

Information / Baghdad / ..

revealed the oil and energy parliamentary, on Monday, the start of the Council of Ministers to draft a bill that ensures the oil agreement last between the Governments of the region and the center instead of the draft previous oil and gas law.

The committee member said Tariq Rashid told / information / , "The oil and gas law was controversial and widely between the federal government and the Kurdistan Regional Government, was born disagreements and major conflicts between the two governments, in addition to the differences between Baghdad and the provinces."

He added that "the Council of Ministers sent the draft oil and gas law in 2007 to parliament for reading and vote on it, but the Parliament expressed his remarks at the time and decided to return the project to the government since then and to this day the government did not work on the study and include the House of Representatives Notes within the law and send it again."

He said Rashid said "the Council of Ministers and with the help of oil experts in the process of a draft law legislation According to a new agreement between the Governments of the oil center and the region instead of the previous oil and gas law, "likely" that the draft presented to the House of Representatives in the coming sessions to read and vote on them." Finished / 25 u

http://www.almaalomah.com/news/9572/…86%D9%88%D9%86

Oil Price May Drop to Low $30 Range, BofA’s Blanch Says

INFO: Francisco Blanch, head of global commodities and derivatives research for Bank of America, talks about the outlook for oil prices and Saudi Arabia’s oil policy. He speaks with Trish Regan and Alix Steel on Bloomberg Television’s "Street Smart." (Source: Bloomberg)

INTERESTING VIDEO:

http://www.bloomberg.com/video/bank-…oyYZAed6g.html

Oil Minister: Iraq’s production will reach a "historic figure" to compensate for the drop in prices losses

  • Agency eighth day
  • January 19, 2015, 13:46


BAGHDAD – ((eighth day))

Oil Minister Adel Abdul-Mahdi said that Iraq’s oil output will reach "historic figure", and as pointed out that production will reach four million barrels per day.


Abdul-Mahdi said that "" Iraq’s oil exports last month close to three million barrels per day, including the source through the SOMO of Ceyhan. "


He pointed out that "production will reach four million barrels per day during the current year after the recent agreement with Kurdistan."


Abdul-Mahdi predicted "to witness the second half or the last year of the current surge in oil prices," and expressed "his belief not to return prices to what it was during the past years."


He added that "This is a historic figure and is happening for the first time," stressing that "Iraq has made great efforts and invested large sums of money to get to this number."


He said the oil minister to "increase oil production volume will offset the decline in oil prices," expected "to be the size of Iraq’s exports at a rate of 3.3 million barrels."


And that "the oil ministry had proposed building a public budget based on $ 60 per barrel," noting that "it was a good estimate based on market conditions before they reach prices to bottom."

http://8th-day.com/?p=92733

Kurdish political delegation to Baghdad soon to follow up the implementation of the agreement between the two sides

Wed Jan 14 2015 05:21 | (Voice of Iraq)


parliamentary official: Region issued 150 thousand barrels of oil a day outside the Convention

Erbil: Dilshad Abdullah Kurdish source said, yesterday, that the political delegation from the Kurdistan region will travel to Baghdad to monitor implementation of the agreement reached by the two sides late last year.

The source indicated that the delegation will discuss the second phase of the Convention, which include resolving other outstanding problems between Erbil and Baghdad.

parliamentary official: Region issued 150 thousand barrels of oil a day outside the Convention

Erbil: Dilshad Abdullah Kurdish source said, yesterday, that the political delegation from the Kurdistan region will travel to Baghdad to monitor implementation of the agreement reached by the two sides late last year.

The source indicated that the delegation will discuss the second phase of the Convention, which include resolving other outstanding problems between Erbil and Baghdad.

She longings dry, Kurdish MP in the Iraqi Council of Representatives in an interview «Middle East», that «there is a strategy You must be discussed by both sides, as legislation oil and gas law and the rights and privileges of the Peshmerga forces, which must initiate the law, as well as there are funds for the region with the federal government and the recent funds with the territory, so it should form committees to liquidate in order to regulate the relationship between Erbil and Baghdad are unconstitutional and the law ».

She MP, that «the recent agreement between Erbil and Baghdad have been installed in Iraq’s draft general budget for 2015 and when Parliament approves the budget then we say that the Convention applied to 100 per cent».

And the reasons for political delegation from the region went to Baghdad, dry longings: «there said unhealthy political environment in Iraq, and political conflicts going on, it is supposed to play a law role in the Iraqi parliament, but because the other parties not bound by the Constitution, the delegation must be politically to reach political consensus ».

According to sources «Middle East» the Kurdish delegation will include representatives of the joint Kurdish parties in the government of the region and will travel to Baghdad soon, indicating that the Iraqi Deputy Prime Minister Ruz Nuri Shaways will lead the delegation, which also includes the leader of the Patriotic Union of Saadi Ahmed beer.

The two sides reached late last year, a tentative agreement to resolve their outstanding problems and the normalization of relations which saw significant tension since the beginning of last year.

Under the agreement, issued the Kurdistan region through the state-owned company «Sumo» Through Onabebh 250 thousand barrels of oil from wells in addition to the export of 300 thousand barrels of Kirkuk to the Turkish port of Ceyhan, in contrast, is committed to Baghdad, sending the region’s share of the federal budget amounting to 17 per cent.

in the same context, the Committee on Energy and Natural Resources in the Kurdistan Parliament announced yesterday that the province exported 150 thousand barrels per day of oil outside the quantity that has been agreed upon with Baghdad, amounting to 250 thousand barrels per day.

He said Dilshad Shaaban, Deputy Chairman of the Committee, «Middle East»: «Before we get to deal with Baghdad, was the region issued daily 350-400 thousand barrels of oil, but now Under the agreement, the region exported 250 thousand barrels of oil per day by Company (SOMO) and between 100 and 150 thousand barrels independently. »

He added that «the two sides did not reach any agreement on what issued by the region outside of the agreement, but Baghdad know that Kurdistan sell this oil independently because the region had not received them any money since 2014.

It is understood that the region is suffering from a financial crisis due to the presence of two million displaced Iraqis as well that the region bears the benefits of financial companies, according to the year the current 2015 budget, which sells this amount of oil now to provide its employees’ salaries for the months of November (November) and December (December) from last year, which did not happen until now ».

On the other hand, connects the region preparations for the establishment of imports of oil and gas in the Kurdistan Fund, which is a step in the organization of oil policy in the region.

The MP said the high-Mustafa, a member of the Committee on Energy and Natural Resources in the Parliament of the region, «Middle East», that «the beginning of the establishment of cabin eighth of the Government of the Territory, was introduced this law, which was scheduled to ratify it at the end of last year, but differences on the two articles of the articles led to delay ratification and today (yesterday) we finished this subject, and we have presented to the Presidency of the parliament for a vote ».

Mustafa pointed out that the law contributes to consolidate and regulate imports of oil and gas in the Kurdistan region and will be the imports after the ratification of the law under the supervision and control of the parliament, while the Fund is to provide a monthly report to parliament around. » Middle East


http://www.sotaliraq.com/mobile-news.php?id=183884

Kurdish political delegation to Baghdad soon to follow up the implementation of the agreement between the two sides

Wed Jan 14 2015 05:21 | (Voice of Iraq)


parliamentary official: Region issued 150 thousand barrels of oil a day outside the Convention

Erbil: Dilshad Abdullah Kurdish source said, yesterday, that the political delegation from the Kurdistan region will travel to Baghdad to monitor implementation of the agreement reached by the two sides late last year.

The source indicated that the delegation will discuss the second phase of the Convention, which include resolving other outstanding problems between Erbil and Baghdad.

parliamentary official: Region issued 150 thousand barrels of oil a day outside the Convention

Erbil: Dilshad Abdullah Kurdish source said, yesterday, that the political delegation from the Kurdistan region will travel to Baghdad to monitor implementation of the agreement reached by the two sides late last year.

The source indicated that the delegation will discuss the second phase of the Convention, which include resolving other outstanding problems between Erbil and Baghdad.

She longings dry, Kurdish MP in the Iraqi Council of Representatives in an interview «Middle East», that «there is a strategy You must be discussed by both sides, as legislation oil and gas law and the rights and privileges of the Peshmerga forces, which must initiate the law, as well as there are funds for the region with the federal government and the recent funds with the territory, so it should form committees to liquidate in order to regulate the relationship between Erbil and Baghdad are unconstitutional and the law ».

She MP, that «the recent agreement between Erbil and Baghdad have been installed in Iraq’s draft general budget for 2015 and when Parliament approves the budget then we say that the Convention applied to 100 per cent».

And the reasons for political delegation from the region went to Baghdad, dry longings: «there said unhealthy political environment in Iraq, and political conflicts going on, it is supposed to play a law role in the Iraqi parliament, but because the other parties not bound by the Constitution, the delegation must be politically to reach political consensus ».

According to sources «Middle East» the Kurdish delegation will include representatives of the joint Kurdish parties in the government of the region and will travel to Baghdad soon, indicating that the Iraqi Deputy Prime Minister Ruz Nuri Shaways will lead the delegation, which also includes the leader of the Patriotic Union of Saadi Ahmed beer.

The two sides reached late last year, a tentative agreement to resolve their outstanding problems and the normalization of relations which saw significant tension since the beginning of last year.

Under the agreement, issued the Kurdistan region through the state-owned company «Sumo» Through Onabebh 250 thousand barrels of oil from wells in addition to the export of 300 thousand barrels of Kirkuk to the Turkish port of Ceyhan, in contrast, is committed to Baghdad, sending the region’s share of the federal budget amounting to 17 per cent.

in the same context, the Committee on Energy and Natural Resources in the Kurdistan Parliament announced yesterday that the province exported 150 thousand barrels per day of oil outside the quantity that has been agreed upon with Baghdad, amounting to 250 thousand barrels per day.

He said Dilshad Shaaban, Deputy Chairman of the Committee, «Middle East»: «Before we get to deal with Baghdad, was the region issued daily 350-400 thousand barrels of oil, but now Under the agreement, the region exported 250 thousand barrels of oil per day by Company (SOMO) and between 100 and 150 thousand barrels independently. »

He added that «the two sides did not reach any agreement on what issued by the region outside of the agreement, but Baghdad know that Kurdistan sell this oil independently because the region had not received them any money since 2014.

It is understood that the region is suffering from a financial crisis due to the presence of two million displaced Iraqis as well that the region bears the benefits of financial companies, according to the year the current 2015 budget, which sells this amount of oil now to provide its employees’ salaries for the months of November (November) and December (December) from last year, which did not happen until now ».

On the other hand, connects the region preparations for the establishment of imports of oil and gas in the Kurdistan Fund, which is a step in the organization of oil policy in the region.

The MP said the high-Mustafa, a member of the Committee on Energy and Natural Resources in the Parliament of the region, «Middle East», that «the beginning of the establishment of cabin eighth of the Government of the Territory, was introduced this law, which was scheduled to ratify it at the end of last year, but differences on the two articles of the articles led to delay ratification and today (yesterday) we finished this subject, and we have presented to the Presidency of the parliament for a vote ».

Mustafa pointed out that the law contributes to consolidate and regulate imports of oil and gas in the Kurdistan region and will be the imports after the ratification of the law under the supervision and control of the parliament, while the Fund is to provide a monthly report to parliament around. » Middle East


http://www.sotaliraq.com/mobile-news.php?id=183884

Oil Minister confirms Egypt’s desire to buy about four million barrels of oil a month from Iraq

History of edits:: 12.01.2015 twelve forty-seven


{Baghdad: Euphrates News}
Oil Minister Adel Abdul-Mahdi, said Monday that Egypt would like to buy about four million barrels of Iraqi oil per month.


Said Abdul-Mahdi, in a press statement during his stay in Egypt, seen by the agency {Euphrates News} today that "that amount, equivalent to about 133 thousand barrels per day," adding that "the talks are still going on about this,

especially that Egypt has asked to extend the payment period to become within 270 days from the receipt of shipments, while Iraq wants to pay for the 90 days. "

The Prime Minister Haider al-Abadi went on Sunday at the head of a ministerial delegation to the Arab Republic of Egypt on an official visit Ummen.

http://wwww.alforatnews.com/modules/news/article.php?storyid=74147