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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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    Oil: Investment common fields with Iran and Kuwait, the file has not been decided

    Rocky
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    Oil: Investment common fields with Iran and Kuwait, the file has not been decided Empty Oil: Investment common fields with Iran and Kuwait, the file has not been decided

    Post by Rocky Tue 09 Aug 2016, 3:13 am

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    Oil: Investment common fields with Iran and Kuwait, the file has not been decided


     Baghdad / Zahraa Hamid 

    The Ministry of Oil, on Monday, that the joint committees with Iran and Kuwait , "not resolved" after the subject of the common fields and recognized that the investment of one party "hurt her", called upon the Commission on oil and parliamentary power to "intensify efforts with the two neighboring countries and takinginto account the new data in those fields. " 
    Iran has been revealed in ( the fourth of August 2016), the president of the national Iranian oil company Gholamreza Manouchehri, for negotiations with a Russian company to develop two oilfields subscribers with Iraq to increase their production and the establishment of a refinery in them, indicating that it has signed anagreement" secret "with the company to prepare a road map for the development of the two fields within aperiod of between four to six months. 
    oil: common fields invest unilaterally hurt her 
    , said a spokesman for the oil Ministry , Assem Jihad, said in an interview to the (long - Presse), if there is a " joint committees to discuss the issue common fields with Iran and Kuwait, formed years ago to discuss thesubject matter as well as the issue of demarcation of the border , "noting that" Iran and Kuwait are keen on a final agreement on the best investment for those fields, but joint committees has not completed its work yet, there are some outstanding technical issues Caldaamat border damaged by wars and weather conditions. " 
    Jihad said, that" Iraq also invest in common fields, including the field of Badra border, in Wasit with Iran, and the fields Bazerkan and loose change in Maysan, where work with them, develop , and monetize , "noting that" international law allows each oil fields to invest state within its border. " 
    He continued jihad, that" Iraq has the right to invest the common fields and develop, just as others have thesame right , "pointing out that" always states prefer , according to international agreements, that there should be a joint investment agreement with a third party as a global company, and therefore takes each party share , according to extensions of the field in its territory. " 
    he acknowledged Jihad, that" the investment of one party hurt the joint field because it leads to low pressure , "stressing that" would prefer that the investment be shared and this is what working on ministry with Kuwait and Iran. " 
    parliamentary power: it is necessary to seriously pursue the common fields with Iran and Kuwait through joint committees   
    for his part , chairman of the parliamentary energy Ares Abdullah said in an interview to the (long - Presse)," the joint Iraqi fields with Kuwait and Iran need to to sustain agreements and invested way that serves Iraq. " 
    Abdullah added, that there is " a government commission working to reach final agreements on joint oil fields with Iran and Kuwait, and how to invest but the issue has not been decided yet, "returned it necessary to " pursue the matter about depth through joint committees with the two neighboring countries , taking into account new data in those fields. " 
    the Iraqi ambassador to Iran, Rajeh al - Moussawi, said in (18 August 2015), that Iraq is seeking bilateral investment with Iran in the joint Azadegan oil field between the two countries, pointing out that "negotiations are continuing between the two sides to develop the field. 
    according to the national Iranian oil company it owns with Iraq 12 joint fields contain reserves of up to more than 95 billion barrels , the largest reserves of hydrocarbons is in one location in the Middle East. 
    confirms experts affairs of the oil that is relatively simple spaces of those fields are located outside theterritory of Iraq, but Iraq is weaker than its neighbors , both technological and financial exploitation of joint oil reservoirs, especially since it has not yet come to the holding of joint agreements with Iran and Kuwait on theexploitation of those reservoirs for reasons including the lack of resolution of border demarcation with them problems. 
    in a related development the Iraqi oil Marketing company "Sumo", said Iraq cut the official selling price of crude Basra price of light to Asia in September shipments \ September one dollar to a level below the US $ 2.30 a barrel for the average price of Oman and Dubai crude from the previous month. 
    confirmed SOMO said in a statement received "term ", a copy of it, that it" has decided to Basrah heavy flying to Asia shipments of pricing in the same month by $ 6.40 a barrel below the average price of Oman and Dubai crude. " 
    identifies the official selling price of crude Basrah light in September shipments to the Americas market price at the Argus index High crude level sulfur minus $ 0.60 a barrel , unchanged from the previous month while selling crude price Kirkuk increased to US 0.80 dollars per barrel above the index. 
    for shipments to Europe the price of Basra light crude rose 0.75 dollars to the price of Brent minus $ 3.95 a barrel price rose September shipments of Kirkuk crude to a discount of $ 4.05.
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