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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The oil producing companies in Kurdistan form a pressure group and move on their countries

    Rocky
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    • Post n°1

    companies - The oil producing companies in Kurdistan form a pressure group and move on their countries Empty The oil producing companies in Kurdistan form a pressure group and move on their countries

    Post by Rocky Fri 28 Apr 2023, 7:28 am

    [size=30]The oil producing companies in Kurdistan form a pressure group and move on their countries
    [ltr]2023.04.28 - 13:13[/ltr]
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    Baghdad - Nas  
    Five oil companies in the Kurdistan region, producing 450,000 barrels of oil per day, have formed a group to defend their interests, according to a report by the American CP.  
      
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    Gulf Keystone, one of the oil producing companies in the Kurdistan region, said that it is investigating legal measures against stopping the export of Kurdistan region's oil, which forced it to stop oil production.  
      
    On November 18, representatives of the five companies conveyed their concerns about the future of their work to the prime minister, and called on the United States and Britain to increase pressure on the Kurdistan region, Baghdad and Ankara.   
      
    - In a letter to the United States and Britain, the five companies say that because of the increasing conflicts, they cannot make new investments in the Kurdistan region, and if the situation continues in this way, the oil fields will collapse and there will be no investment opportunities in natural gas.   
      
    Earlier, the economist and professor of economics at the University of Basra, Nabil Al-Marsoumi, explained the repercussions of stopping Kurdistan region's oil exports.  
      
    Al-Marsoumi explained in a post followed by “NAS” (April 28, 2023) the repercussions of the suspension as follows: –    
      
    First: Field operators in the Kurdistan region such as Gulf Keystone Petroleum and DNO or Norway were forced to close or sharply reduce production due to their limited storage capacity. Forza Petroleum, based in Canada and operator of the Hawler field, which has a production capacity of 15 thousand barrels per day in northern Iraq Its production has mostly stopped.    
      
    Second: Reducing the expenses of foreign companies operating in the region and lowering their shares.    
      
    Third: Giant tankers left the area near the Turkish pipelines, indicating a delay in the flow of supplies from the region, as the tankers "Neverland" and "Amax" left the area near the pipeline station in Turkey, after the two tankers failed to obtain any quantities of oil. Iraqi Kurdistan, while there are still 3 tankers parked in the hope of obtaining Kurdish crude. It is noteworthy that the five tankers that were waiting to load Kurdistan's oil were chartered with the aim of transporting about 4 million barrels of Kurdish crude.    
      
    Fourth: The region resorted to exporting oil to Turkey by tankers, as 40,000 barrels per day were exported during the past three weeks from the Khurmala oil field, which represents one of the three fields in Kirkuk, while part of the remaining production was filtered in Kurdistan refineries and its products were sold in the local market.    
      
    Earlier, the economist, professor of economics at the University of Basra, Nabil Al-Marsoumi, detailed the beneficiaries of the transfer of the oil of the Kurdistan region.  
      
    Al-Marsoumi said in a post followed by "NAS" (April 26, 2023), "The length of the Kurdistan region's oil pipeline reaches (896) kilometers, and the pipeline starts from the (Khurmala) field and passes between the oil fields in the blocks (Erbil, Barada Rash, Ain Sifni, Mount Kind, Alqosh, Dohuku, Selifani, and the pipeline extends within the territory of Kurdistan for a distance of (221) kilometers to the Fishkhabour area near the border with Turkey, and thus (24.6%) of the pipeline is located within the territory of the region, and the two companies (Kurdish Kar) share 60% and (60%) The Russian Rose Neft holds 40% of the ownership of this part, while the remaining part of the pipeline, which is located inside Turkish territory and has a length of (675) kilometers, is under the supervision of the Turkish (BOTAŞ) company.      
      
    He added, "From the beginning of 2020 until the middle of 2021, as a measure, it becomes clear to us that (70%) of the fees for transporting oil through the pipeline went to the benefit of the two companies (KAR and Rosneft) and (30%) went to the Turkish company (Botaş). The fees for transporting oil within the territory of the Kurdistan region are more than the fees for transporting oil through the same pipeline inside Turkish territory, while (74.6%) of the pipeline is located within Turkish territory?      
      
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    Earlier, Professor of Economics at the University of Basra, Nabil Al-Marsoumi, detailed the cost of transporting crude oil from the Kurdistan region in the 2023 budget.  
      
    Al-Marsoumi said in a post followed by "NAS" (April 24, 2023), that "the cost of transporting crude oil exported from Kurdistan in the 2023 budget = 1.428 trillion dinars, and that the rate of export from Kurdistan = 400 thousand barrels per day."      
      
    He added, "The average cost of transporting a barrel of oil exported from Kurdistan = 9781 dinars, or 7.52 dollars, and this number is about 6 times greater than the cost of transporting Iraqi oil exported south by sea."      
      
    He continued, "The (KAR) company owns (40%) of the pipeline that transports oil to the Fishkhabour region near the border with Turkey, while (60%) of the ownership of the pipeline belongs to the Russian company (Rosneft), and according to the report of the American company (Deloitte), The fees for transporting a barrel of oil through the pipeline amounted to (4.4) dollars during the period (1/1/2019 until 30/6/2021), and it increased in the second half of 2021, to (6.1) dollars per barrel, and therefore the number included in the 2023 budget is to cover The fees for transporting Kurdistan oil are exaggerated and represent an unjustified waste of public money."  
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