Neighboring countries invest in joint oil fields and the government does not move a finger
Baghdad / Range
Iraq is still oppressed in the issue of its joint fields with neighboring countries, as the expert on the oil issue, Durgham Muhammad Ali, said in an interview with Al-Mada, which stresses that what we see is that we are a country that always tries to sign bilateral agreements with Iran or Kuwait. But when we look at Kuwait today, we have been investing in the northern North Rumaila field for more than thirty years, and Iraq has done nothing because of this. It is considered the largest oil field in Iraq, because it contains The largest oil reserves in Iraq, it produces more than two million barrels a day, so it needs a lot of investment.
A memorandum of understanding signed between Iraq and Kuwait on September 16, 2017 on the exploitation of oil fields between the two sides, the scope of understanding includes the development and optimal utilization of fields on both sides of the international border between the two countries, in the fields of Ratqa and Abdali in the north of Kuwait and the fields of Rumaila and Safwan in the south Iraq.
Iraq relies on oil sales revenues to finance up to 95 percent of state expenditure. The fall in crude prices since 2014 has had a major impact on the Iraqi economy. Ali says: While we find Kuwait, according to investment from the field Rumaila much of Iraq's oil share, it knows that the oil reservoirs of these fields between Iraq and Kuwait are common areas between the two countries, and should not exceed any party on the share of the other, but it is clear in the matter The common fields, that there is a target for the wealth of Iraq's oil, which confirms the existence of injustice and a great transgression falls on us by those countries, and here certainly blame the Iraqi government is being negligent in preserving its oil wealth and shares of these fields, which allowed the area in front of others to overcome the Our wealth without any refunds.
The oil expert, however, that the oil quantities in the fields with Iran is less compared to the fields with Kuwait, but Iran also invest in the fields that are on our border with them, and all of the above mentioned also applies to our lost rights in the oil fields shared with Iran, Which requires greater focus and attention from our government on this very important file, especially as Iraq is a country living on oil, and the government not to sign agreements that do not work with those countries, because we were and still blame the Iraqi government, which allowed the neighboring countries to benefit from Tharwa Na in common fields without moving a finger, and we still hear about the committees, but we have not seen any investment or take advantage of Iraq's wealth of potential in these fields.
The Iraqi Oil Ministry has announced repeatedly to reach preliminary agreements with Iran to end the file of oil fields common, the most important resort to a global company invests in these fields and each country takes its share according to the fields in the territory, but returned this spring to talk about the signing of a memorandum of understanding With Iran also calls for the formation of a committee to resolve the dispute over the oil fields shared between the two sides, as announced by the Oil Ministry at the end of July, reached an agreement with the Iranian side to invest in joint oil fields located on the borders of the two countries, has not yet announced what the size of investment Iraq m This compared to the fields declared by Iran.
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