Posts Tagged ‘Ministry of Petroleum (Iran)’

Iraq: Efforts to resolve the issue of joint oil fields with neighboring countries, Kuwait & Iran

Posted: June 19, 2013 in Iraqi Dinar/Politics
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19/06/2013 12:00 AM

Iraq seeks to solve the dilemmas facing file joint oil fields with neighboring countries. urged the Oil and Energy Committee in the House of Representatives on the need to speed up in finding logical solutions on this file, especially with Iran and Kuwait.

lies shapes in the desire of Iraq’s efforts that there would be exaggerated compensation for crude oil extracted from these fields, by those countries, and retroactively, while those countries still refuses to do so. Committee member Rep. (more…)

Oil Ministry: Iraq is now a permanent member of the Global Transparency Initiative

Posted: January 3, 2013 in Iraqi Dinar/Politics
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Iraq, January 2, 2013
The Oil Ministry of Iraq on Friday (28th December, 2012), that Iraq is not accepted as a permanent member of Global Transparency Initiative Organization, confirming the fact that Iraq is considered to be the largest oil country amongst the members. (more…)

Oil Ministry: Iraq gains international seat on organization

Posted: December 27, 2012 in Iraqi Dinar/Politics
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Editor: Abdalaa
on: Thursday 12/27/2012 01:52 pm

Welcomed the Ministry of Oil Iraq’s acceptance of a permanent member of the Organization of the Extractive Industries Transparency International meets the requirements and the requirements of permanent membership in the organization. (more…)

Conference discusses the problems behind the delay in the HCL law; Needs popular participation

Posted: December 26, 2012 in Iraqi Dinar/Politics
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Matmron: oil and gas law needs to be enriched with the participation of popular

12/25/2012 12:00 am

Seminar reviewing the reasons for delay approval

conference discussed oil on the draft law of oil and Algasalve organized by the Center fire eternal development and development points of contention on the law and leading to broad popular participation to the most important resource Alaohualnaft as belong to all people. (more…)

Oil Expert: establish a national oil company is essential to the development of the oil sector

Posted: September 20, 2012 in Iraqi Dinar/Politics
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Date: 09/19/2012 13:40:20 Wednesday

Baghdad (news) .. Oil expert called Hamza jeweler to the need to establish a national oil company to provide technical and logistics services for the oil sector in order to develop, stressing that their presence does not affect the other oil companies and will also help strengthen their work. (more…)

Oil Ministry: Iraq desperately needs oil and gas law

Posted: August 20, 2012 in Iraqi Dinar/Politics
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Oil Ministry: Iraq desperately needs to oil and gas law because it gives our contracts with foreign companies sedate and puts an end to the jurisprudence of the oil wealth

The spokesman for the oil ministry official Assem Jihad said approval of oil and gas law in the current period is very important for Iraq as it strengthens contracts entered into by the Ministry of Oil with foreign companies.

(more…)

United Nations, Iraq is demanding the law to explore for oil and gas

Posted: August 15, 2012 in Iraqi Dinar/Politics
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08/15/2012

Baghdad / follow-up JD / .. announced the Special Representative of the United Nations in Iraq, Martin Kobler that the endorsement of the Iraqi parliament for the Law on the exploration for oil and gas is one of the priorities of the international organization that formed a team to follow up this file.

won Petrofac oil services contract for the operations of offshore oil in Iraq worth $ 100 million. (more…)

Iraq’s Oil Ministry announced the end of an important part of the problems with Kuwait on the common fields

Posted: July 30, 2012 in Iraqi Dinar/Politics
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The Oil Ministry announced a solution for a large part of the problems with Kuwait on joint oil fields.

The general director of the Legal Department in the Ministry Leith Shahir said that “the Joint Committee between Iraq and Kuwait was able to resolve a large part of the problems between the two sides on the standardization of production and organization of work the oil fields. (more…)

Expert: Iraq will be the most developed countries in the global oil economy

Posted: July 29, 2012 in Iraqi Dinar/Politics, Top Headlines
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07/26/2012 0:00

Stated that alternative energy can not compensate for the needs of the oil during the next fifty years

Said Academy specializes affairs oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and while he believes that the stage the current through which Iraq require more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country. (more…)

Editorial: Iraq will be the most developed countries in the global oil economy

Posted: July 26, 2012 in Iraqi Dinar/Politics
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Posted 26/07/2012 10:35 AM

Babinaoz (Reuters) – said Academy specializes affairs of the oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and with He sees that the current through which Iraq required more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country. (more…)

Assem Jihad: Oil prices are still above the estimates of budget preparation

Posted: July 4, 2012 in Iraqi Dinar/Politics
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07/04/2012

BAGHDAD / JD / .. Reduced and the oil ministry of the concerns raised by the parliamentary committees on lower oil prices, stressing that prices are still above the estimates of the numbers of the budget.

He said the ministry spokesman Assem Jihad said in a statement to correspondent / JD /: no need for concerns raised here and there, adding that oil prices are still above the minimum limits set by the ministry during the preparation of the budget, amounting to $ 82 a barrel. (more…)

Iraq’s oil production will reach 60 billion barrels in 20 years

Posted: June 5, 2012 in Iraqi Dinar/Politics
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05-06-2012 11:00 AM
The Oil Ministry announced on Tuesday that Iraq’s oil production will reach sixty billion barrels in 20 years, while confirming that the expedition patches that were presented in the fourth round of licenses contain fifteen trillion cubic meters of natural gas.

The Minister of Oil Abdul Karim Laibi told ‘Sumerian News’, the ‘domestic production of oil during the next twenty years will reach sixty million barrels revenues estimated at five trillion dollars at the rate of $ 85 per barrel.’ (more…)

Waeli: Adoption of the law of oil and gas, the only solution to the problem of oil

Posted: April 7, 2012 in Iraqi Dinar/Politics
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04/06/2012 19:44:01

BAGHDAD (Iba) .. The MP said Shirwan Waeli that fiery statements do not serve the interests of Iraq, stressing that the approval of oil and gas law in parliament is the only solution to the problem of oil and gas and style marketed abroad.

He Waeli in authorizing the Agency has received the independent press (Iba) a copy of that oil and gas law is the mechanism basic policy strategy between giant oil companies and the Oil Ministry, pointing out that the delay of this law will lead to a lack of clarity and transparency in the political oil. (more…)

The late adoption of the law of oil and gas will lead to confusion in the management of oil wealth

Posted: March 23, 2012 in Iraqi Dinar/Politics, Top Headlines
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22-03-2012 09:00 AM

A member of the Commission on oil and energy in the House of Representatives Furat al-Shara oil and gas law in the basic mechanism of policy-making strategy between giant oil companies and the Oil Ministry, pointing out that the delay of this law will lead to a lack of clarity and transparency in the political oil.

Shara said the newspaper that the term not to adopt the law of oil and gas will reflect negatively on the nature of the interaction between giant companies in the extractive industries, or even exploratory and transportation companies. (more…)

MP’s accuse third parties to block the adoption of the law of oil and gas

Posted: March 22, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Thursday, 03.22.2012 8:21

A member of the Commission on oil and energy in the House of Representatives Furat al-Shara oil and gas law in the basic mechanism of policy-making strategy between giant oil companies and the Oil Ministry, pointing out that the delay of this law will lead to a lack of clarity and transparency in the political oil.

Shara said (range): Failure to approve oil and gas law will reflect negatively on the nature of the interaction between giant companies in the extractive industries, or even exploratory and transportation companies. Shara said: that this delay is happening confusion in the management of oil wealth in the country Kachtlav vision between the central government and the region on the division of wealth, accusing some neighboring countries to work to keep this law is disabled, indicating that this delay does not directly affect the volume of production now. (more…)

Iraq: Oil output highest since 1979

Posted: March 5, 2012 in Iraqi Dinar/Politics, Top Headlines
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Top Iraqi energy officials say oil production is now over three million barrels per day, will rise to around 12 million bpd by 2017.

Middle East Online

Iraq exported 65.3 million barrels of crude in January

BAGHDAD – Iraq’s oil production is now over three million barrels per day (bpd), the country’s highest output since 1979, top Iraqi energy officials said on Monday in Baghdad.

“Oil production is now over three million barrels per day,” Hussein al-Shahristani, Iraq’s deputy prime minister for energy affairs, said in a speech at the oil ministry. (more…)

MPs to meet with oil and energy senior officials

Posted: February 11, 2012 in Iraqi Dinar/Politics
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BAGHDAD, Feb. 11 (AKnews) – The Acting Oil and Energy Committee at the House of Representatives will meet with Deputy Prime Minister for Energy Affairs Hussein al-Shahrestani and Oil Minister Abdul-Kareem Luaibi on Wednesday to discuss oil production developments.

Member of the Acting Committee Furat Shar’e said the officials are expected to talk about the plans and procedures for increasing oil production and export capacity of the Iraq and the impact of the world economic crises on the Iraqi oil sector. (more…)

Committee on Oil and Energy will host a parliamentary Minister of Oil, Discuss HCL Law

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Tuesday, 31 January 2012 08:34

{Baghdad} Euphrates News said a member of the Commission on oil and energy parliamentary Odai Awad said his committee will host the oil minister, Abdul Karim and coffee.

Awad said the Euphrates News Agency {} on Tuesday that “the host of the oil and oil minister to discuss with him about the reasons for the delay enactment of the oil and gas as well as for clarification from him about the Government’s vision on that law.” (more…)

Parliamentary power is the absence of oil and gas law in multiples of its supervisory role

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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TUESDAY, JANUARY 2012

Confirmed to the Commission on oil and energy in the House of Representatives, Tuesday, that the lack of legislation, the law of oil and gas to the now weakened its supervisory role on the performance of the Oil Ministry, indicating that the latter responded to the requests of the Committee and promised to send details of contracts concluded within the licensing rounds with foreign companies.

The decision of the Commission on oil and energy parliamentary Mchkta Qasim’s “Twilight News” that “the delay and failure to approve oil and gas law to the day affect the work of our committee and makes the performance of weak oversight of the Oil Ministry.” (more…)

Energy Commission: Iraq is close to obtaining full membership in the International Initiative for transparency

Posted: January 28, 2012 in Iraqi Dinar/Politics
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26 January, 2012 10:30:00

A member of the Oil and Gas Committee in parliament Dhari Ali Fayad, Iraq was moving closer to full membership in the International Initiative for transparency in the extractive industries after completing the requirements.

He said the Oil Ministry has implemented the requirements of the international initiative for transparency by announcing all the vocabulary and the requirements of full membership of the organization through the issuance of monthly data of all quantities of oil exports and the amounts realized from them, in addition to high transparency in the competition for licensing rounds.

http://bit.ly/zX3N19

Iraq Oil Income Jumped by 60% in 2011

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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Increased volumes and the higher price of crude oil pushed Iraq’s income from oil sales up by nearly 60 percent in 2011 compared to the previous year, according to AFP.

Oil ministry figures published on Monday showed that total exports of oil increased 15 percent to 790.5 million barrels of oil, or an average of around 2.17 million barrels per day (bpd), compared to 689.9 million barrels in 2010.

Prices rose by around a third, bringing in revenue of $82.988 billion in 2011, versus $52.2 billion the previous year. (more…)

Saad: Oil and gas law regulates the appropriate mechanism to resolve all disputes, between the central government and local governments

Posted: January 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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19/01/2012 17:39

Called the National Alliance and a member of the oil, energy and natural resources in the House of Representatives MP Susan Saad to speed up passage of oil and gas law and the one who will take the appropriate mechanism to resolve all legal disputes, between the central government and local governments. “

Saad said “The lack of prior coordination between the Oil Ministry and related departments of the local provinces was due to the absence of a law draws the right steps to agreements with specialized international companies, causing a form of legal and administrative how to contract and the competent authority in that.” (more…)

Iraq’s Oil Profits Rebound In November 2011, But Complications With Infrastructure And Compensation Remain

Posted: January 1, 2012 in Iraqi Dinar/Politics
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Full numbers for Iraq’s November 2011 oil exports and profits were finally released, and showed a rebound on all counts after a two month dip. The price for Iraqi crude went up along with exports, leading to a rise in revenue for Iraq last montn. Despite this, Iraq’s production has still hit a plateau due to infrastructure limitations, and the country is having problems paying foreign companies that are responsible for the increases.

As reported before, Iraq’s oil exports rebounded in November after going down for the previous two months. In November, the country shipped an average of 2.13 million barrels a day, compared to 2.08 million in October, and 2.10 million in September. Last month’s average was not as high as August however, when Iraq exported 2.19 million barrels. The price of one barrel of Iraqi crude also increased from $104.43 in October to $106.59 in November. (more…)

Najafi acknowledges the existence of political differences prevent the adoption of the law of oil and gas

Posted: December 13, 2011 in Iraqi Dinar/Politics
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On: Tue 12/13/2011 8:26

Chairman of the House of Representatives approved Osama Najafi, the existence of political differences prevent the adoption of the law of oil and gas Bmsodth current transmitted by the Council of Ministers recently.

Nujaifi said at a news conference in Baghdad yesterday attended (range):

The oil and gas law in need of a political consensus for legislation and approval.

The Nujaifi that the draft law and arrived at the House of Representatives for a vote, but political differences prevent inclusion on the list of the agenda. (more…)

Economist: Formation of a High Council for the Business has become a necessity in Iraq

Posted: November 25, 2011 in Iraqi Dinar/Politics
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Called economic expert reconcile the need to provide Secretariat, the legislative environment that meets the goals of the investment process, the ambition of the citizen and the investment companies wishing to work in Iraq.

Al-Mani said on Friday: that the reality of work in the country requires copies of legislation, which began during the period before, and which can not be adopted during the period of economic transition, the current adopted country, and work on the invitation of overseas investments to come and work in various economic sectors, pointing to the need to speed up in the formation of a higher council for business, managed by experts from various sectors of the economy, working to contain all the economic problems, and this is an important step on the road back to life the various economic sectors and attract global capital. (more…)

Parliamentary committee to disclose the daily demands for the production and exports of Iraqi oil

Posted: November 25, 2011 in Iraqi Dinar/Politics
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Baghdad, November 25 (Rn) – The Commission on oil and energy in the Iraqi Council of Representatives on Friday it made a formal request asking the Ministry to disclose daily oil production of Iraq oil exports and to promote transparency and confidence in the policy of the country’s oil.

The Iraq’s oil production is currently about 2.8 million barrels a day, the first time I had reached this level in 20 years thanks to increased investment and the decline of violence, and the issue of which about two million barrels.

A member of the Furat al-Shara told the Kurdish news agency (Rn) that “the Commission skipping and energy to see the announcement a day of Iraq’s oil production and exports are important for strengthening Balssayash Transparency International, Iraq’s oil.” (more…)

An international organization: Iraq lacks transparency on oil fields

Posted: November 24, 2011 in Iraqi Dinar/Politics
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Beirut, November 24 (Rn) – Organization said “any T-F” British specialized in the development of transparency in oil projects in Iraq is a lack of transparency in its dealings in the oil fields.

Iraq had signed contracts with international companies in the energy giant to develop 11 oil fields.

Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day by 2017, but experts have questioned the access to the production of that goal, and they said that seven million barrels a day was a reasonable figure.

Iraq was not initiated after the law regulates the oil and gas due to differences on the management of oil wealth, even though imports of oil account for 95 per cent of the country’s financial budget. (more…)

Research and development puts oil field studies of the oil regions to facilitate the work of investors

Posted: November 12, 2011 in Iraqi Dinar/Politics
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On: Sat 12/11/2011 12:50

Baghdad (news) .. The Centre for research and development of oil one of the formations and the oil ministry studies field research to assess the environmental impact of parts of Iraq’s oil for the purpose of facilitating the work of the investment companies of the oil.

The Senior Engineer in the Department of Planning and Follow-up of the Centre for research and development of oil Issam Ali valuable statement to the Agency (news) on Saturday: There are studies of field research and developed by the Center for research and development of oil to the areas where there are oil through environmental impact assessment, social and health for the region to facilitate the functions of the companies wishing to invest in the oil sector. (more…)

Parliamentary source: the oil and energy working in the basement of Parliament wet without the Internet and control the fate of the largest in the world does not know of any wells is more important

Posted: November 3, 2011 in Iraqi Dinar/Politics
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BAGHDAD – Abbas Zaidi
A source leading parliamentarian said in an interview with the “world”, said the Commission on oil and energy in the Iraqi Council of Representatives, which oversees the largest oil reserves in the world, working in conditions of miserable too, because they do not have sufficiently familiar with the reports of oil produced by news agencies, research centers, prestigious, and it derives its information from only the Oil Ministry, while a monopoly on recent data. (more…)

Iraq’s Oil Capacity Reaches New High, But Exports Drop For September 2011

Posted: October 29, 2011 in Iraqi Dinar/Politics
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Iraq’s oil production continues to see steady increases due to the work of foreign oil companies. The problem is that the country’s export infrastructure is at capacity, and cannot handle the recent rise. September 2011 was a perfect example, when the Oil Ministry announced a new post-invasion high in capacity, but a drop in exports.

In September, Iraq said that it had greatly increased its oil capacity, but that its foreign sales were down. The Oil Ministry told the press that its capacity had reached 2.95 million barrels a day for the month, the highest since 2003. Despite that good news, the Ministry said it had only exported 63.1 million barrels in September, which was down from 67.9 million barrels shipped in August. (more…)

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