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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraqi-Kuwaiti agreement on joint exploitation of oil wells

    Rocky
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    • Post n°1

    Iraqi-Kuwaiti agreement on joint exploitation of oil wells Empty Iraqi-Kuwaiti agreement on joint exploitation of oil wells

    Post by Rocky Wed 06 Sep 2017, 8:07 am

    Iraqi-Kuwaiti agreement on joint exploitation of oil wells



    2017/09/06 12:30


    Baghdad-up day


    "New" newspaper, Wednesday, Iraq and Kuwait agreement on joint exploitation of oil fields between the two countries, after agreement with global consulting Office, to prepare a study with a mechanism to develop common fields.

    According to the paper, according to a Government document obtained by Iraq, and Kuwait signed a memorandum of understanding on joint exploitation of oil fields ", stating that" the scope of the MOU include the development and optimization of the fields on both sides of the international border between the two countries, namely in ritqa in North State of Kuwait, Rumaila and Safwan fields in southern Iraq.

    She said "the two countries have conducted negotiations on the sharing of border oil fields for more than seven years, but oil experts considered that this file was a lot of technical, security and political complexities, what makes it difficult to implement, since things have been stuck since that date.

    Ibrahim said Al-khuzam, Kuwait oil expert, told the newspaper that "common area embraces the largest oil reserves in the region, but the geographical location makes them more like powder kegs able to ignite political conflicts in the volatile region by default.

    She noted that "there is in Iraq 24 oil field jointly with Iran, Kuwait and Syria, among which 15 field Mint and other underutilized, highlighting those fields are (Safwan walrmilh and Zubair with Kuwait, crazy and Abu webzrkan and Western change oil check box with Iran).

    With Kuwait now produces 2.9 million barrels a day, seek to increase it to four million bpd by 2020.Ahmed warned that naughty, oil expert, which he called "mess production in border fields in the absence of substantive coordination", pointing out that this "drain reserves of these wells.

    Naughty was quoted as saying that "specialized reports warned that excessive production Rumaila now threatens 20% of this giant field reserves, because water surrounded him."It is said that Iraq produced around 3.5 million barrels per day, and seeks to increase to 4.5 million barrels.

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