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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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    Oil announces its agreement and Iran to export crude from Kirkuk fields

    Rocky
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    Oil announces its agreement and Iran to export crude from Kirkuk fields Empty Oil announces its agreement and Iran to export crude from Kirkuk fields

    Post by Rocky Sun 10 Dec 2017, 1:59 am

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    Oil announces its agreement and Iran to export crude from Kirkuk fields


     Baghdad / Range 

    The oil ministry announced on Saturday the signing of an agreement with Iran to export oil from the fields of Kirkuk to Iran, and indicated that the agreement provides for Iraq to export oil from the fields of Kirkuk to Iran at the rate of 30-60 thousand barrels per day can be increased until the completion of the D Oil pipeline for this purpose, described an expert in the oil issue this step smartly, because it comes at a time when Iraq is in dire need of the North Oil Company unable to export its oil abroad, calling at the same time the ministry, to accelerate the completion of the pipeline to export Iraqi oil from the fields North.
    Oil Minister Jabbar Ali al-Luaibi said in a statement received by the Iraqi Oil Marketing Company (SOMO) with the Iranian side that the Iraqi side should also transfer the quantities mentioned through trucks to the joint border point between the two countries near Kermanshah province , While the Iranian side to deliver the same quantities and the same specifications through the ports of southern Iraq. " 
    For his part, the Director General of the Iraqi Oil Marketing Company Alaa Yasiri, that" the agreement will contribute to the addition of a new export port of Iraq is an addition to the Kirkuk oil disposal and economic feasibility of Iraq , And will provide Iraq Tech The transfer operations to the south for export, as well as the strengthening of economic relations with neighboring countries, "stressing that" the export process will begin soon. "
    Oil expert Hamza al-Jawahiri said in an interview with Al-Mada that this step is considered very smart. The Ministry of Oil should speed up the issue of laying the pipeline for the export of Iraqi oil in the north, in order to increase production from the northern fields, especially as we have cooperation with BP, the British company with which we signed a consulting contract worth 150 million dollars, Development of northern fields since 2013, this is the one who can increase Of the northern fields to more than one million barrels per day, which will constitute an important financial support for the treasury of the state in the near future.
    The Iraqi Oil Minister Jabbar al-Luaibi, announced at the end of October last, the government will contract with a foreign company to double oil production from Kirkuk to reach more than one million barrels per day. 
    Some observers fear that a doubling of Iraqi production from Kirkuk could affect Iraq's commitment to OPEC's agreement to cut output, with its current production of more than 4 million barrels per day, and an increase of about half a million bpd from a single producer country could The efforts of the rest of the producers, who seek to maintain a market balance to keep oil prices above $ 50 a barrel, are being undermined. 
    Normally, the North Oil Company normally exports 150,000 barrels per day, via the crude pipeline to Ceyhan on the Mediterranean Sea.
    To return to the talk of the oil expert Hamza al-Jawahiri: which confirms that we also hope that the quantities exported to Iran more than 60 thousand barrels per day, especially since the North Oil Company can not export its oil now abroad in light of Kurdish intransigence to prevent this export, The alternative was to trade this oil with Iran, with the latter needing oil in the northern part of it, such as Kermanshah and other Iranian areas, so it is taking Iraqi oil from Kirkuk to Kermanshah refineries in similar quantities through the Shalamja from southern Iraq, which is in fact a kind of economic cooperation that It is very good for Iraq in its On the other hand, the Iraqi Oil Ministry has now resorted to the use of oil companies in the North to produce oil derivatives and to produce electricity. Thus, the oil exported through Iran in the near future may become larger quantities, as it increased from 30,000 to 60 thousand Barrels per day, may increase further according to excess quantities.
    "This agreement, while good for Iraq, also has an interest to Iran as it reduces the burden on oil. It also relieves us of a very large burden on the issue of transferring export routes from the center to the south. As a result, every amount of oil remains and we can not sell it for sure. It will not be in the interests of Iraq. 
    On November 6, 2017, the Ministry of Oil announced talks with the Iranian side to export crude oil from the Kirkuk province to one of its refineries, noting that the process of transporting oil would be started by trucks.


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