Iraqi Oil attributes the reluctance to develop oil fields
Posted: Sun Oct 23, 2011 4:50 pmIraqi Oil attributes the reluctance to develop oil fields in Diyala to the deterioration of security
23/10/2011 12:49
Baghdad, October 23 / October (Rn) - Ezzat and Iraqi Oil Ministry, the cause of the reluctance of developing oil fields in Diyala, northeast of Baghdad to the unwillingness of the investment companies to enter the province because of security problems in it. and emphasizes the local government in Diyala incurred losses amounting to more than one billion dollars a year due to delays and disruption of oil investment in the province. The officials say Diyala province as of wells oil in the oil box in the district of Khanaqin, but produces only about 4 thousand barrels per day after that was producing 20 thousand barrels per day before the outbreak of the Iran-Iraq war in the Eighties the past. and attribute many of them tied investment in the fields of Diyala oil to the limitations of the Iraqi Oil Ministry for the reasons may be due to political differences and the occurrence of most of the fields and oil resources in the north of the province and which fall within the disputed areas between the KRG and the Iraqi government. said the spokesman of the Ministry of Oil, Assem Jihad told Kurdistan News (Rn) that "The oil ministry has offered Mansuriyah field in the first licensing round, but the deteriorating security situation at the time, cause not to enter the international companies to invest in it." He added that "The oil ministry is reluctant to support investment for oil projects in the province, but is working hard on attracting international companies to develop the sites of oil and gas in the province. " He was Advisor to the Governor of Diyala for Reconstruction and Investment Rasim Ismail Aqidi revealed (Rn) in the earlier receipt of the province to more than 10 offers from foreign companies to invest in oil fields and increase production to more than 20 thousand barrels per day, and the establishment of oil refineries and use for development purposes. He said the oil ministry rejected all offers of foreign companies for reasons not understood despite the stability of the concrete of the security situation in the general areas of the province. The Khanaqin district in Diyala from areas rich in oil, where oil fields box and Pique, but the extraction of oil is limited to four wells only out of 42 wells. The oil extracted from oil fields in the check of the finest types of oil in the world, because the intensity of quality a few as well as the lack of sulfur and asphalt located in it. The spokesman said the Oil Ministry, "The ministry did not hinder any project oil in the province which is agreed with a consortium of Turkish companies, which won in the development field Mansourieh gas to support the economic reality of the province, through the operation of the workforce and the granting of subcontracting as well as to the issue of fiscal revenue for projects petrodollars. " The companies global giant in the field of energy has won contracts during the three rounds licenses for the development of 11 oil fields discovered untapped. Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day during the next five years, but experts have questioned the arrival of the production to that goal, and said that seven million barrels a day was a reasonable figure . Iraq has the OPEC member's fourth largest oil reserves in the world and oil imports are about 95 percent of the state budget finances. From: Jafar Allonan. Open: Abdullah Sabri
http://www.aknews.com/ar/aknews/2/268698/
23/10/2011 12:49
Baghdad, October 23 / October (Rn) - Ezzat and Iraqi Oil Ministry, the cause of the reluctance of developing oil fields in Diyala, northeast of Baghdad to the unwillingness of the investment companies to enter the province because of security problems in it. and emphasizes the local government in Diyala incurred losses amounting to more than one billion dollars a year due to delays and disruption of oil investment in the province. The officials say Diyala province as of wells oil in the oil box in the district of Khanaqin, but produces only about 4 thousand barrels per day after that was producing 20 thousand barrels per day before the outbreak of the Iran-Iraq war in the Eighties the past. and attribute many of them tied investment in the fields of Diyala oil to the limitations of the Iraqi Oil Ministry for the reasons may be due to political differences and the occurrence of most of the fields and oil resources in the north of the province and which fall within the disputed areas between the KRG and the Iraqi government. said the spokesman of the Ministry of Oil, Assem Jihad told Kurdistan News (Rn) that "The oil ministry has offered Mansuriyah field in the first licensing round, but the deteriorating security situation at the time, cause not to enter the international companies to invest in it." He added that "The oil ministry is reluctant to support investment for oil projects in the province, but is working hard on attracting international companies to develop the sites of oil and gas in the province. " He was Advisor to the Governor of Diyala for Reconstruction and Investment Rasim Ismail Aqidi revealed (Rn) in the earlier receipt of the province to more than 10 offers from foreign companies to invest in oil fields and increase production to more than 20 thousand barrels per day, and the establishment of oil refineries and use for development purposes. He said the oil ministry rejected all offers of foreign companies for reasons not understood despite the stability of the concrete of the security situation in the general areas of the province. The Khanaqin district in Diyala from areas rich in oil, where oil fields box and Pique, but the extraction of oil is limited to four wells only out of 42 wells. The oil extracted from oil fields in the check of the finest types of oil in the world, because the intensity of quality a few as well as the lack of sulfur and asphalt located in it. The spokesman said the Oil Ministry, "The ministry did not hinder any project oil in the province which is agreed with a consortium of Turkish companies, which won in the development field Mansourieh gas to support the economic reality of the province, through the operation of the workforce and the granting of subcontracting as well as to the issue of fiscal revenue for projects petrodollars. " The companies global giant in the field of energy has won contracts during the three rounds licenses for the development of 11 oil fields discovered untapped. Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day during the next five years, but experts have questioned the arrival of the production to that goal, and said that seven million barrels a day was a reasonable figure . Iraq has the OPEC member's fourth largest oil reserves in the world and oil imports are about 95 percent of the state budget finances. From: Jafar Allonan. Open: Abdullah Sabri
http://www.aknews.com/ar/aknews/2/268698/