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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    The Kurdistan Petroleum Industry Association calls on Baghdad and Erbil to guarantee their rights wi

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281148
    Join date : 2012-12-21
    • Post n°1

    The Kurdistan Petroleum Industry Association calls on Baghdad and Erbil to guarantee their rights wi Empty The Kurdistan Petroleum Industry Association calls on Baghdad and Erbil to guarantee their rights wi

    Post by Rocky Wed 16 Aug 2023, 5:18 am

    [size=33]The Kurdistan Petroleum Industry Association calls on Baghdad and Erbil to guarantee their rights within the budget and oil and gas laws[/size]
    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this link.]
    2023/08/15 09:17 AM



    [You must be registered and logged in to see this image.]

    Zagros Arabia - Erbil


    The Kurdistan Petroleum Industry Association, which includes five foreign oil companies operating in the Kurdistan Region, called for negotiations between the Iraqi federal government and the Kurdistan Regional Government in a way that guarantees the rights of these companies, whether in the general budget law or in the oil and gas law.
     
    The Association of the Petroleum Industry in Kurdistan (APIKUR) issued a statement regarding the negotiations between the governments of the Kurdistan Region and Iraq, in which it called on the Iraqi federal government and the Kurdistan Region to complete the negotiations currently taking place between them in a way that guarantees respect for the internationally recognized contractual rights of international oil companies and their inclusion in the implementation of the Iraqi general budget law and any Future laws controlling oil and gas in the Republic of Iraq and the Kurdistan Region.
     
    The statement stressed that it is necessary for the future of the industry in the Kurdistan Region and Iraq and the many jobs that this industry supports, that the results of the negotiations between the two governments include refunding the costs and profits that international oil companies are entitled to under the current Production Sharing Contracts (PSCs).
     
    The Kurdistan Petroleum Industry Association (APIKUR) includes the oil companies DNO Norway, Kennel Energy, Golf Keystone Petroleum, HKN Energy and Chamaran Petroleum.
     
     
    APIKUR indicated in its statement that the contracts concluded with the Kurdistan Region are subject to English law, with disputes settled through international arbitration at the London Court of International Arbitration.
     
    The statement stated that despite the political, security and geological challenges in the region, these companies have developed the oil sector in the Kurdistan Region from almost nothing 15 years ago to the current production capacity of about 250 thousand barrels of oil per day.
     
    The statement indicated that the oil and gas sector in the Kurdistan Region now provides tens of thousands of high-quality jobs directly through the international oil companies themselves and indirectly through service companies and contractors and in the communities adjacent to our operations, homes and offices, and the international oil companies have spent hundreds of millions of dollars on Exploration projects that have been proven to be non-commercial, all at no cost or risk to the Kurdistan Region.
     
    The statement of these oil companies comes after a meeting held on (August 5, 2023) between the two Iraqi Deputy Prime Ministers (the Ministers of Foreign Affairs and Oil), the delegation of the Kurdistan Region, the governors of the oil-producing provinces, the prime minister’s advisors, and officials in the Iraqi Ministry of Oil to discuss the details of drafting the Iraqi oil and gas law that is scheduled to operate. commission on its preparation.

    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sat 23 Nov 2024, 5:26 am