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Iraqi oil fields
Iraqi oil fields
Baghdad is making progress in its negotiations with Tehran to resolve the joint oil fields file
Author: AB
Editor: AB 08.11.2016 18:02 Number of Views: 120
Editor: AB 08.11.2016 18:02 Number of Views: 120
Long-Presse / Baghdad
Revealed the Oil Ministry, on Thursday, to make progress in the negotiations with the Iranian side to resolve the joint oil fields file, and emphasized the need to be investing those fields in accordance with the agreement between the parties, as pointed out that international law provides for the investment of the common fields by a third party gives both parties natural right.
He said ministry spokesman Assem Jihad said in an interview to the (long-Presse), he said that "Iraq has more than a joint oil field with the neighboring countries," noting that "the Joint Committee with Iran have made progress in resolving the files on the subject of the common fields".
Jihad said that "the right of the parties to invest in the common fields, but according to an agreement between them," adding that "international laws provide investment fields shared by a third party gives both parties natural right and by extension every field."
The spokesman for the ministry, that "Iraq has invested field Badra border by foreign companies, in addition to a field Bazargan and humorous and therefore Iraq touching response to this file," pointing out that "has been approved with the Japanese loan of two billion and 700 million dollars worth of development Basra field." .
He continued jihad, "The ministry hopes to refer the Nasiriyah refinery of 300 thousand barrels a card to one of the international companies, as is the case with the refinery in Missan 150 thousand barrels per card, in addition to continuing to work in a project to establish a refinery in Karbala funded by the federal budget and the implementation of a Korean company," explaining that " the ministry continues to encourage investment in refineries and continue to develop the existing refineries. "
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