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Oil suffered 12 fields in the center and south of the development and emphasize: the negotiations will determine the type of contract
Baghdad / Zahraa Hamid-term
Oil suffered 12 fields in the center and south of the development and emphasize: the negotiations will determine the type of contract
Baghdad / Zahraa Hamid-term
The Iraqi Oil Ministry, on Wednesday, displaying 12 fields in central and southern Iraq for development and investment, while confirming that the negotiation will determine the type of contract in the manner best suited to the parties, ship loading shipping sector that crude exports tend to rise slightly in November data showed I to the present, noting that OPEC 's agreement to impose restrictions on the supply did not stop the increase in shipments from the second largest producer in the Organization.
a spokesman for the oil Ministry , Assem Jihad, said in an interview to the (long - Presse), " the ministry offered 12 fields of medium and small in the central and southern Iraq for development and investment ,"noting that" all previously licensed companies from the Department contracts and licenses in the oil ministry and the state match the standards set by this circuit from the right company to submit to compete and negotiate for the development of those fields. "
he said jihad" it can be a company or coalitions to share with each other to negotiate a contract system that will see development of the field "type, pointing out that" the negotiation is which will result in theidentification of the type of contract and whether it will be a service or other contract, according to the most appropriate way for both parties to develop those fields. "
Jihad said that" there are many kinds of contracts are not limited the service or post contract just so the determination of the type of contract will be subject to negotiation between the company developed and theMinistry of oil and the last is to determine the manner in order to serve their goals. "
the oil minister Jabbar Luaibi confirmed on Wednesday (7 September 2016), that" the ministry 's plan for two years current and next focused on the development of oil production and gas investment from the small southern Iraqi fields, and with the national oil company called for the participation of investment contracts, stressed the need to review contracts with companies contracts under the licensing round to be adjusted to ensure that the interests of the country.
in a related development, the Minister of oil Jabbar Ali Hussein Allaibi, support Iraq to the convergence of views between producers within the Organization of Petroleum exporting countries (OPEC) and outside, and the search for the best ways to stabilize the global market, with the Secretary General of the Organization Sanusi Barkindo pointed out that Iraq is playing a good role in the oil market stability.
Allaibi said, in a statement issued on the sidelines of a meeting Barkindo received the "long" version of it, that "Iraq supports the Secretary - General of the Organization 's efforts in bringing the views between producers inside OPEC and outside and search for the best ways to stabilize the global market and overcome these circumstances his wisdom and long experience in this field."
through Allaibi optimistic to "reach producers inside OPEC and outside to effective solutions that will lead to the stability of the global oil market to support prices," praising " the role of the Secretary - General in that."
for his part, Barkindo stressed that "Iraq is playing a good role in stabilizing the world oil market, "pointing out that" Iraq has an active and important country in the organization, one of the countries that contributed to the foundation, where he hosted Baghdad in the early sixties of the last century , the first meeting of theorganization , "noting that" Iraq is the major countries in oil production in the OPEC as it comes in second place after Saudi Arabia. "
He continued:" We have seen cooperation keen major of the Iraqi oil Ministry to support the organization to reach to take serious steps aimed at supporting oil prices and achieve the desired in the global oil market balance, as reflected on the producers and that the organization will continue its efforts to get out from this crisis. "
He pointed out that" Member States will overcome soon the difficulties facing the global oil prices at thepresent time by working together with oil producers outside the Organization. "
for its part, according to " Reuters "agency , quoting a ship loading data the source shipping sector that Iraqi crude exports tend to rise slightly in October this gives an indication that " the OPEC agreement to impose restrictions on the supply has not yet shipments from the second largest producer of the Organization brakes."
and show shipping data monitored by Reuters and the source of the sector that the average export from southern Iraq in the five and the first twenty days of October totaled 3.31 million barrels per day , up from 3.276 million barrels a day last month, according to figures from Iraq.
the source , who monitors shipments tankers that "very strong exports."
according to data loading and source reached North shipments of ore fields are located in the Kurdistan region of 580 thousand barrels per day on average in October now, the average of those exports 595 thousand barrels per day in September.
so far , Iraqi crude exports stood at 3.89 million bpd in October, and if that continues , it will be a top - 20 A. bpd Total September exports , according to figures given by Iraqi officials at a news conference on Sunday.
oil prices of around 51 dollars a barrel currently , or half of its level in mid - 2014, partly due to a glut in thesupply lasted for a longer period of analysts ' expectations , in part because of a record production of fourteen countries members of OPEC.
although the framework agreement reached by the OPEC in Algeria on 28 September increased organized production in that month, according to figures and faces a final agreement is expected to be concluded during the next meeting on November 30 a number of challenges.
among those challenges , how to accommodate potential increases from Iran, Libya and Nigeria , which is hesitant to rein in production after influenced by sanctions or conflict.
Iraq is the second largest oil producer in OPEC, and is working with other members of the organization, such as Saudi Arabia, Kuwait, the UAE and Iran, to increase their oil exports during the third quarter of the current 2016 , where Iraq is trying to overcome the standard rate of current exports amounting to up to three million and 370 thousand barrels per day, during the next June, Havea so the example of other oil producers in theMiddle East to increase their shares in the market ahead of the meeting of the Organization of petroleum exporting countries members (OPEC) early this month.
a spokesman for the oil Ministry , Assem Jihad, said in an interview to the (long - Presse), " the ministry offered 12 fields of medium and small in the central and southern Iraq for development and investment ,"noting that" all previously licensed companies from the Department contracts and licenses in the oil ministry and the state match the standards set by this circuit from the right company to submit to compete and negotiate for the development of those fields. "
he said jihad" it can be a company or coalitions to share with each other to negotiate a contract system that will see development of the field "type, pointing out that" the negotiation is which will result in theidentification of the type of contract and whether it will be a service or other contract, according to the most appropriate way for both parties to develop those fields. "
Jihad said that" there are many kinds of contracts are not limited the service or post contract just so the determination of the type of contract will be subject to negotiation between the company developed and theMinistry of oil and the last is to determine the manner in order to serve their goals. "
the oil minister Jabbar Luaibi confirmed on Wednesday (7 September 2016), that" the ministry 's plan for two years current and next focused on the development of oil production and gas investment from the small southern Iraqi fields, and with the national oil company called for the participation of investment contracts, stressed the need to review contracts with companies contracts under the licensing round to be adjusted to ensure that the interests of the country.
in a related development, the Minister of oil Jabbar Ali Hussein Allaibi, support Iraq to the convergence of views between producers within the Organization of Petroleum exporting countries (OPEC) and outside, and the search for the best ways to stabilize the global market, with the Secretary General of the Organization Sanusi Barkindo pointed out that Iraq is playing a good role in the oil market stability.
Allaibi said, in a statement issued on the sidelines of a meeting Barkindo received the "long" version of it, that "Iraq supports the Secretary - General of the Organization 's efforts in bringing the views between producers inside OPEC and outside and search for the best ways to stabilize the global market and overcome these circumstances his wisdom and long experience in this field."
through Allaibi optimistic to "reach producers inside OPEC and outside to effective solutions that will lead to the stability of the global oil market to support prices," praising " the role of the Secretary - General in that."
for his part, Barkindo stressed that "Iraq is playing a good role in stabilizing the world oil market, "pointing out that" Iraq has an active and important country in the organization, one of the countries that contributed to the foundation, where he hosted Baghdad in the early sixties of the last century , the first meeting of theorganization , "noting that" Iraq is the major countries in oil production in the OPEC as it comes in second place after Saudi Arabia. "
He continued:" We have seen cooperation keen major of the Iraqi oil Ministry to support the organization to reach to take serious steps aimed at supporting oil prices and achieve the desired in the global oil market balance, as reflected on the producers and that the organization will continue its efforts to get out from this crisis. "
He pointed out that" Member States will overcome soon the difficulties facing the global oil prices at thepresent time by working together with oil producers outside the Organization. "
for its part, according to " Reuters "agency , quoting a ship loading data the source shipping sector that Iraqi crude exports tend to rise slightly in October this gives an indication that " the OPEC agreement to impose restrictions on the supply has not yet shipments from the second largest producer of the Organization brakes."
and show shipping data monitored by Reuters and the source of the sector that the average export from southern Iraq in the five and the first twenty days of October totaled 3.31 million barrels per day , up from 3.276 million barrels a day last month, according to figures from Iraq.
the source , who monitors shipments tankers that "very strong exports."
according to data loading and source reached North shipments of ore fields are located in the Kurdistan region of 580 thousand barrels per day on average in October now, the average of those exports 595 thousand barrels per day in September.
so far , Iraqi crude exports stood at 3.89 million bpd in October, and if that continues , it will be a top - 20 A. bpd Total September exports , according to figures given by Iraqi officials at a news conference on Sunday.
oil prices of around 51 dollars a barrel currently , or half of its level in mid - 2014, partly due to a glut in thesupply lasted for a longer period of analysts ' expectations , in part because of a record production of fourteen countries members of OPEC.
although the framework agreement reached by the OPEC in Algeria on 28 September increased organized production in that month, according to figures and faces a final agreement is expected to be concluded during the next meeting on November 30 a number of challenges.
among those challenges , how to accommodate potential increases from Iran, Libya and Nigeria , which is hesitant to rein in production after influenced by sanctions or conflict.
Iraq is the second largest oil producer in OPEC, and is working with other members of the organization, such as Saudi Arabia, Kuwait, the UAE and Iran, to increase their oil exports during the third quarter of the current 2016 , where Iraq is trying to overcome the standard rate of current exports amounting to up to three million and 370 thousand barrels per day, during the next June, Havea so the example of other oil producers in theMiddle East to increase their shares in the market ahead of the meeting of the Organization of petroleum exporting countries members (OPEC) early this month.
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