Posts Tagged ‘natural gas’

Kuwait: $16 billion sums received hope from Iraq

Posted: May 2, 2012 in Iraqi Dinar/Politics
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(KUNA) – The President of the Board of Directors of the Public Authority for Assessment of Compensation for the loss of Iraqi aggression Mudhaf Khaled Ahmed, the need to continue the regular filing in the Compensation Fund to five percent of the proceeds from the sale of all exports of oil and petroleum products and natural gas to Iraq.

The Mudhaf in the word of Kuwait in the opening session of 73 of the United Nations Compensation to deposit regular come and according to the UN Security Council Resolution 1956 to the year 2010 in addition to five percent of the value of any payments of non-cash oil and petroleum products and natural gas. (more…)

Source: Iraq one of the fastest countries in the development of the global oil sector

Posted: August 31, 2011 in Iraqi Dinar/Politics
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31/08/2011 09:32

Erbil, August 31 / August (Rn) – A spokesman for the Iraqi Oil Ministry, said that according to the expectations of a number of oil companies, the Iraq’s oil reserves total about 142 billion barrels, adding that Iraq is one of the fastest countries in the world in the development of the oil sector.

He said Assem Jihad told the Kurdish news agency (Rn), “according to expectations of a number of major oil companies, Iraq has reserves estimated at 142 billion barrels of oil, not extracted after a delay due to the oil sector investment during the previous years.”

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European Energy Commissioner to sign gas deal with Iraq

Posted: May 27, 2011 in Iraqi Dinar/Politics
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The European Commission said on Friday that Energy Commissioner Guenther Oettinger, the European Union signed an agreement with Iraq to work together to develop Iraq’s energy resources, including gas exports to Europe.

The Commission said in a statement: “Iraq committed itself to supply gas in the long term the European Union through the southern corridor, while the European Commission provide him with free access to their markets.”

The Oettinger, “with the increase in gas imports in the future we need new suppliers It is natural that Iraq will be among them.”

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Iraq seeks to export a raid free future

Posted: May 11, 2011 in Iraqi Dinar/Politics
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11/05/2011 18:39

Baghdad, 11 May (Rn) – The Iraqi Oil Ministry Wednesday for a project “long term” free gas for export to countries in the world, noting that the project of exporting the gas reservoirs require the identification of free gas and not to rely on associated gas.

He said Undersecretary Ahmed Chandler Kurdistan News Agency (Rn) that “free gas can not be stored. The ministry is considering a project to export in the long term, the fact that the process of transferring gas is not easy.”

He explained that “gas production is currently associated with the extraction of crude oil is not sufficient for daily requirements. But during the next phase of Iraq to reach self-sufficiency.”

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Iraq is expected to raise its oil output to 6.5 million barrels per day by 2014

Posted: March 22, 2011 in Iraqi Dinar/Politics
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Baghdad, 22 March (Rn) – The Iraqi Oil Minister Abdul-Karim Allaibi Tuesday, for the preparation of a plan for the work of his ministry during the next four years aiming to raise the country’s production of crude oil to 6.5 million barrels per day by the year 2014, revealing at the same time for launch Tour special permits extraction of natural gas end of the year.

Allaibi said during a press conference held at Headquarters press to the presidency of the Council of Ministers in Baghdad and attended by the correspondent of the News Agency of Kurdistan (Rn) “During the next four years there will be a developmental plan of the productive capacity of the subjects of oil and gas.”

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Oil ministry unveils 4-year plan

Posted: March 22, 2011 in Iraqi Dinar/Politics
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BAGHDAD / Aswat al-Iraq: The Iraqi Oil Ministry announced on Tuesday its four-year plan (2011-2014) to produce oil and gas and sent it to the Council of Ministers before submitting it to the parliament.

Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November as part of the country’s efforts to capture natural gas for electricity generation, the country’s oil minister said Tuesday.

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Shahristani: Iraq will be among the exporting countries of gasoline in the coming years

Posted: March 21, 2011 in Iraqi Dinar/Politics
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Baghdad, March 21 (Rn) – The deputy prime minister for energy affairs for the coming years will see the transformation of Iraq to the countries exporting to benzene after they arrived to the stage of self-sufficiency now.

Hussain al-Shahristani, told the Kurdish news agency (AKA News) that “there are four refineries will enter a stage production of gasoline net of Aisahabh lead through refineries and Kirkuk, Karbala, Maysan, and helpers.”

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