* Kurdistan declares it moves in agreement with the oil company Exxon Mobil to explore and reveal the new oil!

January 13th, 2012 08:02 am · Posted in NEWS: Dinar Currency & World Currency News 

Follow-up – and babysit – The Minister of Natural Resources in the Kurdistan government drastically that his ministry agreement with [Exxon Mobil] U.S. to drill for oil in the region goes forward and Aausband obstacles.

And move the location of the Patriotic Union of Kurdistan (PUK) to say about Hawrami said in a press statement that “the agreement of the Ministry of natural resources with Exxon Mobil to develop the six areas of exploration goes forward and face the obstacles and the government of the Kurdistan region in talks with other oil companies and expects to reach other agreements similar in the few months the next. “

“The Kurdistan Regional Government has proposed amendments to the draft oil law, which is long overdue and that it is now scheduled to be referred to the parliament in Baghdad to read and discuss.”

The Committee on Oil and Energy in the House, revealed in the words of the Attorney User Furat al-Shara said there has recently been approved in principle between the KRG and the federal government on a new formula for the adoption of the law of oil and gas.

He guessed Hawrami increase crude oil production in the region in the coming years, saying that “it is expected that the oil production in the Kurdistan Region [175] thousand barrels per day in 2012 and that up to one million barrels per day in 2015,” adding that “the provincial government is about to sign a contract with [Genel Energy] to establish a pipeline at a cost of $ 400 million to connect the Taq Taq oil field, its Iraqi export pipeline connecting to the Turkish port of Ceyhan on the Mediterranean coast. “

The Kurdistan Regional Government announced last November 2011 on the contract with the stricken company Mobil to drill in a number of oil wells in the province and its border areas, including the adjacent province of Nineveh.

For his part, denied the Deputy Prime Minister for Energy in the federal government Hussein al-Shahristani, news on the approval of the company to the stricken Mobil, which operates in southern Iraq on oil exploration in Kurdistan, “waving” the imposition of government sanctions against the said company before the end of last year because of its agreement with the Kurdistan Regional Government exploration in areas of the province without the consent of Baghdad.

Confirmed in the United States, according to a statement by the Foreign Ministry warned the government it’s Exxon Mobil and other oil companies, a U.S. risk contracts in Iraq without obtaining approval at the national level.

Continued reactions on the announcement of the Kurdistan intention of concluding the contract with the company mentioned when he said the region’s president Massoud Barzani said in an interview that the province would go ahead with an agreement to explore for oil with a company [Exxon Mobil] U.S. despite objections from the federal government in Baghdad, and Prime Minister Nuri al-Maliki been informed of the agreement before signing it and raised no objections, “describing” the opposition to the agreement of Baghdad as “unconstitutional. he said.

Since the adoption of the Constitution of Iraq, such as oil and gas law the most outstanding issues between Baghdad and Erbil, which is no less important for decision makers in the region on Article 140 of the Constitution on the disputed areas.

The dispute is between Arbil and Baghdad on 41 contracts, oil and signed by the provincial government since 2007 until now and see the central government in Baghdad that any oil contract must be agreement and refused Kurdistan recent draft of the Oil and Gas Law approved by the Iraqi government and sent to the House for approval, which was opposed by the Government of Kurdistan strongly.

Mai

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