Complacency hinders investment of 25 oil fields shared with neighbors

Complacency hinders investment of 25 oil fields shared with neighbors


 Baghdad / Zahraa Al-Jassem

Iraq has more than 25 oil fields shared with neighboring countries , mostly with Kuwait and Iran. While we share with the last of about 12 fields, including "crazy and Abu West and Bazargan and loose change and oil box, which contains reserves approaching 100 billion barrels, we also share with Kuwait in Safwan and Rumaila and Zubair fields, in addition to other fields with Saudi Arabia , the fields have not yet determined the reserve the sum of these fields.
the oil ministry often stressed that the joint committees with neighboring countries have made great strides both in order to reach the organization of joint investment process in order to serve all parties agreements, wondering parliamentary committee of energy, why the lack of agreement of these committees on a third party to run those fields, development and distribution P output by oil reserves in each country, with it working two years ago on this, purely to say that this complacency is not limited to the investment of common fields, but it also exists in other affairs of state, and sees specialists in the oil matter that it comes Btsoev from neighboring countries, noting that these countries did not do any contract with Iraq on these fields.
Ministry spokesman Assem Jihad , oil confirms in an interview for "(range), it 's the opposite of what is said, Iraq has invested in some common fields, adds: with regard to on the common in our fields south and center in some of our investment as a field Badra border in the province of SPA I This works by the Russian company "Kaz Gazprom" , which invests this field for years, and we have also "Bazargan" field in the province of Maysan and working on the company "CNOOC" Chinese, and we also have the Rumaila field , which is aligned with the wiling Bibi International, therefore, there several common fields we have invested them, and we have a lot of moving through joint committees that are now made great strides with either Iran or Kuwait to reach the organization of joint investment process agreements because of the interest of the state to agree on the need for joint investment because it serves both parties.
He adds Jihad, we have up to 39 common fields with neighboring countries and the ministry aims to invest in these fields. As the right of every state to invest fields within its territory which has the freedom to do so, as the prevailing method globally for investment joint field is to agree on a third party to the investment field, and each side gets the oil ratio by extensions of oil in its territory, and for Iraq, the joint committees between Iraq and Kuwait on the one hand, Iraq and Iran , on the one hand still engage in dialogue on this subject and has gone in this direction.
Committee Parliamentary Energy member Ibrahim Bahr al- Ulum sees in an interview for "(to the extent), that there are careless in all state affairs and not only in the field of investment common wells, says: We do not have today 's vision of governor because of the absence of the state, wondering at the same time," since two technical committees between Kuwait and Iraq on joint investment fields working, why there is no agreement on a third party to operate these fields, development and distribution of production by oil reserves in each country? What about those fields shared with other neighboring countries such as Iran? Adding that this was not the wealth of Iraq that they can be developed and other development in the past The parties and their production fields and the biggest loser is Iraq.
And see a sea of science: It 's strange that reach more than 40 countries in the world to bilateral agreements , both in marine areas or land to address oil and gas fields problems, while we find Iraq since the discovery of oil in the last century and yet still common fields without solutions and still structures potential geological is subject to programs exploratory, but the only thing that has occurred recently is to develop the area of exploration in Basra and the container on a joint field with Iran , has three wells up to 40 thousand barrels of production reached in the last month of them, and here I go back to say it need a law obliging the government to give Common priority fields, these fields that have not developed Vstzhb Iraq 's wealth to others.
According to the oil expert Hamza jeweler there is no let -up in investment fields shared with neighboring countries, he believes that Iraq is very excited to enter into contracts with neighboring countries in order to develop these fields on a common basis, but Jawarhi countries of dragging its feet very much on this issue, and though the Iraq, according to the vision of the jeweler may be for part of these contracts with neighboring countries, due to activation of any contract with the participating States with Iraq , these fields, because this requires a joint company or a third party as a global company and based on the geographical division of the field is the output distribution of course , after deducting the development cost and modern jeweler Alanteg.oeptad of Experts Affairs of the oil that is relatively simple areas of those fields are located outside the territory of Iraq, but Iraq is weaker than its neighbors , technology and financial exploitation of joint oil reservoirs, especially as it has not yet come to hold joint agreements with Iran and Kuwait on the exploitation of those reservoirs for many reasons , the most important unresolved border demarcation problems with them, which is the weakness of the Iraqi side.
The Ministry Alinvt, announced in 08/18/2016, to make progress in the negotiations with the Iranian side to resolve the oil fields Almstrkh, file and pointed to the need to be invested those fields in accordance with the agreement between the parties, as does any new work on those committees.


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