BAGHDAD – morning
in order to achieve our goals first is the adoption of the budget of Finance and the second expansion of export outlets for oil as a national treasure is not a dispute over its ownership of all the Iraqi people .
said Vice President of the Kurdistan Alliance bloc in the House of Representatives Mohsen al-Sadoun of the Center Brief for the Iraqi Media Network (IMN) "The Kurdistan region has no problem with the company (SOMO) as a national company for the export of oil,
but felt that its central no longer fits the perspective of the state Federation "pointing out that" we proposed a new legislation (for SOMO) in a maximum period of July next, pay it from the framework of the central it was during the former regime. "
explained Al-Saadoun it "and to complete the enactment of this law, the solution lies in the formation of a joint committee between the SOMO The oil-producing provinces,
including Kurdistan and be agreed on mechanisms of action related to export and how to dispose of the proceeds, and more importantly,
we have these agreements, albeit temporary, but it solved the problem of the budget that we all need to approve as soon as possible
Iraq returns as world’s fastest-growing oil exporter
9:59am EST (3/5/2014)
* Iraq boosts February exports to 35-year high
* Oil execs say more Iraqi growth possible in 2014
* OPEC delegates relaxed, for now, about extra Iraqi oil
By Alex Lawler and Peg Mackey
LONDON, March 5 (Reuters) – Iraq is reclaiming its rank as the world’s fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
Despite worsening violence due to spillover from the war in Syria, Iraq – already OPEC’s second-largest producer – is likely to post one of the biggest annual output jumps in its history as BP, Exxon Mobil and other companies tap its southern fields, which are untouched by the unrest.
With many export bottlenecks now cleared at the southern Basra terminals – from which almost all of Iraq’s crude is shipped – Baghdad is expected to keep up, or even exceed, the rapid pace of oil sales reached in February – at 2.8 million barrels per day (bpd), a 500,000 bpd rise on the previous month.
"Iraq is doing its best to export as much as possible and directionally things are improving," said a senior oil executive from a major oil company at work in Iraq.
So much so that, after momentum slowed last year, many in the industry expect a significant increase in 2014 from the country that holds the world’s fifth-biggest oil reserves.
"We think the average for the year is probably going to be about 2.9 million bpd, so maybe in the latter part of the year there will be a little bit more than that," said a Western oil executive from another company working in Iraq.
If Baghdad can sustain oil sales of 2.8 million bpd, its revenue could swell to more than $100 billion at $100-a-barrel oil. Average exports of just under 2.4 million bpd last year earned Iraq $89 billion.
So far, the leap in Iraqi shipments has yet to weigh on oil prices and is being welcomed by other members of the Organization of the Petroleum Exporting Countries (OPEC), as it is making up for outages in Libya and reduced exports from Iran due to Western sanctions.
"As long as Brent is $100-$110 there is no problem for OPEC and the higher volumes from Iraq are welcome," said a Gulf OPEC delegate. "Their crude is required."
Another delegate agreed, while indicating that view could change should output recover elsewhere.
"When the situation is settled in Libya with production of 1.5 million barrels per day and Iranian crude comes back, it will have an impact on prices. But not now."
The world’s leading oil companies have been expanding Iraq’s giant southern fields – Rumaila led by BP, West Qurna-1 run by Exxon and Zubair operated by Eni – since 2010 when they signed a series of service contracts with Baghdad.
That revival, now into its fifth year, prompted Iraq to set an export target of 3.4 million bpd for 2014, including 400,000 bpd from the Kurdistan region, implying output of 4 million bpd, including oil used internally.
Oil experts still see that as optimistic. But growth is returning thanks to the expanded capacity at Basra and further rises from the southern fields of Majnoon, led by Shell, and Halfaya, where PetroChina is the operator.
The imminent start-up of West Qurna-2, operated by Lukoil, should boost flows further. The field is considered the world’s second-largest untapped deposit.
Momentum in Iraq’s oil growth slowed last year due to technical and security problems as well as a row between Baghdad and the autonomous Kurdish north. These factors could still keep the expansion in check.
The Kurds, at odds with the Iraqi central government over oil rights, stopped exporting via the national network more than a year ago. A pipeline running from Iraq’s northern oilfields to Turkey is repeatedly sabotaged, disrupting exports.
Rising violence has not hit operations in the south, but Western companies at work there say deteriorating security and the distraction of end-April elections may be slowing crucial contract approvals.
Last year was Iraq’s bloodiest since sectarian violence began to abate in 2008, with nearly 8,000 civilians killed. More than 700 people died in violence in Iraq in February, the United Nations said last week.
Iraq’s production last year ran at around 3 million bpd, up a touch on 2012. The slowdown in Iraq, plus disruption in Libyan supply and Iranian sanctions, allowed other OPEC members – chiefly Saudi Arabia, Kuwait and the United Arab Emirates – to avoid large cutbacks in output.
OPEC has for years been able to defer difficult issues over how it divides production, as oil prices have stayed high. Officials’ relaxed view of Iraqi growth is likely to change if and when Libya and Iran return.
"Iraqi production did not really grow last year but they seem to be making some sort of headway this year," said an OPEC source. "With Iraq increasing, there are issues in terms of who might have to cut back." (Editing by Jason Neely)
March 1, 2014 in economic
Baghdad: Iraq News Network -
said Hussein al-Shahristani, deputy prime minister for energy affairs, told reporters that Iraq’s oil output reached 3.5 million barrels per day in February
and exports recorded the highest level ever at 2.8 million barrels per day during the same month. Exports amounted Iraq 2.228 million barrels per day in January January Anhfada of 2.341 million barrels per day in December
Foundation “Business Insider” classified Iraq Cassapa country in the world oil Balahtiat …
*Industry: Implementation of the project the largest stocks of crude oil for export in the FAO card  thousand cubic meters…
*Oil: Iraq’s oil reserves rose to quadruple production *
Wed Feb 05 2014 1:09 p.m. | (Voice of Iraq) – Sumerian News / Baghdad
*Not sure about the website…never used it before…feel free to delete it. guardian*
*Iran Moves to Dominate OPEC, Scuttle U.S. Oil Boom
BAGHDAD – Al-Sabah
Said Oil Minister Abdul Karim and coffee to the Center Brief for the prick Iraqi media (IMN -) "The solution to the problem (Erbil – Baghdad) depends on the commitment of the Kurdish party in the export of oil under the supervision of the company (SOMO)
and added that "the export of oil related to the unity and sovereignty of Iraq, is seen possible to allow for the province and the provincial export without the supervision of the Ministry of Oil and the government Federal.
"The negotiations with the Kurdistan region is still going on between the federal government and the province on the export of oil.
Fri Jan 17 2014 7:18 p.m. | (Voice of Iraq) – Add a comment –
Twilight News vowed to Iraqi Federal Friday to "punish" Turkey and the Kurdistan Region on what she operations "smuggling" oil Kurdish Turkey. raised attempts Kurdistan for the sale of oil and gas directly to anger officials in Baghdad, who assert that the federal government is the only owner the right to manage resources Iraq’s energy. government said the region on Wednesday that oil began flowing in a new pipeline Imitdd to Turkey is expected to start the export at the end of this month and then strengthen supplies in February and March. except that Prime Minister Nuri al-Maliki threatened to cut the share of Kurdistan from the fiscal budget for Iraq if ago ahead with plans to export without the approval of Baghdad. said Iraqi Oil Minister Abdul-Karim and coffee in a statement to reporters, seen by "Twilight News" that Baghdad would take legal action and other action to "punish" Turkey and the Kurdistan Region and also foreign companies to any post in the exports of Kurdish oil " getaway "without the approval of Baghdad. added that the government is preparing for legal action against Ankara and will ban any companies dealing with oil which conveys piped to Turkey from the region without permission from Baghdad. , and the government passed a federal budget draft the country’s fiscal 2014 despite the rejection of the Kurds and ensure delivery of the Kurds for 400 thousand barrels of oil a day to the federal government otherwise they would deduct the equivalent of the value of the share of Kurdistan of the budget. raised this broad dissatisfaction with the Kurds. was raw Kurdish transported to world markets via a pipeline Kirkuk – Ceyhan which is controlled by Baghdad to Turkey, but exports of Kurdish across the track I stopped over a year ago because of a dispute over payments. began Kurdistan to export crude individually from the Taq Taq field of oil to the Turkish port of Mersin in early January of last year through trucks. seeking Kurdistan to export around 300 thousand barrels per day to world markets via the new line extended to the Turkish port of Ceyhan on the Mediterranean. expects production to rise Kurdistan fields to 400 thousand barrels per day this year and one million barrels per day in 2015 and two million barrels per day in 2019. XYZ
Kurdistan Goes it Alone
Posted By Ranj Alaaldin On January 14, 2014 @ 12:40 am In Backgammon
Iraq’s Kurds have taken another step toward independence with the creation of a pipeline that will give them an independent export capacity. Over the past five years, the region has dramatically transformed its oil and gas sector, both to enhance its autonomy from the rest of Iraq and to build on the stability and prosperity it has enjoyed post-2003.
The Kurdish position, put forward last month in Erbil at the Kurdistan–Iraq Oil & Gas Conference, which I attended, is simple: Kurdistan will not allow itself to be shackled by Arab Iraq’s turmoil and dysfunctional politics. Nor will it allow a return to the past, when the Kurds suffered under dictatorship and the centralization of power. With or without Arab Iraq, Kurdistan will move forward.
The pipeline connecting Kurdistan and Turkey means that the former can start exporting its oil to the latter, and then on to international markets, in an efficient and sustainable manner, thus allowing it to maximize on its oil and gas reserves. This is a marked change from the past, when Kurdistan could only send its oil to Turkey by truck, as Baghdad controlled the national pipeline. Tried and tested, the Kurdish pipeline will export up to 350,000 barrels of oil per day in 2014, which could rise to 2 million barrels per day in the coming years.
How sustainable this arrangement is and how far the Kurds’ autonomy goes depends on the Kurds’ relations within Iraq and with the rest of the region. The most unlikely of regional powers helping it to take the region forward is Turkey, which has put its full support behind the Kurdistan Regional Government (KRG) and its efforts to become an international hydrocarbons player.
For decades, the Turkish state suppressed Kurdish rights within its own borders and waged war with the Kurdistan Workers’ Party, the Kurdish rebel group that has fought the Turkish state for thirty years in search of a combination of political, territorial and human rights for Turkey’s marginalized Kurds. Historically, Ankara has feared and suppressed the ascendancy and autonomy of the Iraqi Kurds, lest it encourage Turkey’s own restive Kurdish population to push for similar rights.
Times have changed. Turkey has given up on Arab Iraq in many respects. Instability and sectarian conflict, exacerbated by the civil war in Syria, means that it will be some time before Iraq can fulfill its economic potential and maximize on its colossal oil and gas reserves.
Ankara believes Baghdad is too far into the orbit of Iranian influence for it to give up on the Kurds and develop a closer strategic relationship with Baghdad. Iraq’s Kurds constitute a useful counterweight against Iranian influence, and they are important allies in a volatile Middle East. Ankara also sees the Iraqi Kurds as useful allies in an uncertain and unstable Syria.
While stronger KRG–Turkey ties may further undermine Ankara’s relations with Baghdad, they would not necessarily have to eliminate ties completely. Differences can, in fact, be reconciled, and have been before. Further, economic ties between Turkey and Iraq remain strong, despite recent differences. Turkish companies are important players in Arab Iraq and receive some of the biggest and most lucrative contracts.
Politics in Baghdad are also likely to remain so fluid and volatile that it will be difficult for the Kurds’ Arab counterparts to form a unified front on the Kurdish energy issue. At the same time, neither are they likely to present a unified or tough stance on relations with Turkey. Kurdish hydrocarbon revenues will be distributed to the rest of Iraq on a per capita basis, and the Kurds remain important players in Baghdad’s politics. They are likely to once again influence the shape of the next Iraqi central government come parliamentary elections later this year, and their Arab counterparts will look to them for support.
Turkey, on the other hand, will remain an important regional player that cannot be ignored by Baghdad. The matter is predominantly one of economics. Turkey will permit pipeline exports regardless of Baghdad’s opposition, since it desperately needs a reliable source of energy to fuel its economic growth and decrease dependence on other suppliers. A recent agreement on gas exports between Turkey and the KRG, which paved the way for pipeline exports, includes a commitment on the part of the Kurdistan Region to provide 20 billion cubic meters annually to Turkey, which will meet half of Ankara’s current demand, at a price that undercuts existing suppliers.