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South Kurdistan oil & gas development
Topic Started: Nov 17 12, 1:25 (649,212 Views)
ALAN
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Gulf Keystone starts drilling on Gulak-1 well

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Gulf Keystone Petroleum has revealed drilling has been started on the Gulak-1 exploration well on the Akri Bijeel block in the South Kurdistan.
The AIM-listed company holds a 20% stake in the block, which is operated by MOL Hungarian Oil and Gas. Gulf Keystone had previously expressed its intention to sell its stake, but work continues in the meantime.

Gulak-1 will target prospective intervals in the Jurassic and Triassic, drilling to a planned total depth of approximately 3,658 metres in the Triassic Kurra Chine formation.

It is the fourth exploration well to be drilled on the block and the first exploration well to target the Gulak anticline at the extreme eastern end of the block. The well is being drilled 21.4 kilometers to the east of the Bijell-1 discovery well and 28.3 kilometers to the east-southeast of the Bijell-3 appraisal well, which is also drilling ahead.

Source: kurdsat
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Question: can you tell me how these oil deals work? Do the oil companies get any % of the oil revenue generated? or do they get a sum that both sides have agreed to (example 200mil),and no matter how much money we get for the oil,they won`t get any %?

Answer: every oil contract is different depends on the oil company's experience and the estimated reserve of the oil in the field it is operating on.

iraq was previously banning any oil company trying to explore or sign contracts with Kurdistan, and it worked (while it lasted) to make the oil giants stay away from kurdistan , so kurdistan in 2007 according to the Constitution article 112 passed its own oil and gas law, which gives kurdistan total authority bypassing central gov'.

article 112 says :"if iraq does not pass a new oil and gas law then kurdistan can pass its own law to operate oil within its region until a new law is passed in baghdad". the fuckers in baghdad want to keep using saddam era policy as it is a centralized oil policy (no oil developments for Kurdistan) while according to their own constitution article 111,112 it says otherwise and gives Kurdistan the authority it has but they dont want to ratify a new law and yet call our work "unconstitutional" while its vice versa.

then in order to over come the ban iraq put forward , kurdistan had to offer a more attractive deal that of iraq which is known as PSP (produce sharing) as vs iraq's contracts which are service contracts and not much $$ for the oil companies to be made.... in other words Kurdistan oil deals are much more profitable than of iraq's and KRG had no choice but to do this for the time been.

Kurdistan was very clever and introduced this law and policy to attract the oil companies and one by one they are now pouring into kurdistan :ymparty: , yes the companies sometimes have 10%-40% share of the oil field but we had to do this in order to attract them and bypass the ban iraq had imposed on us.

Kurdistan is now working on offering lesser % to the companies coming in as the policy to bypass iraq's ban was successful
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ExxonMobil signed six contacts with the KRG, three of these contracts are for oil fields located in the disputed regions.

Can anybody tell me all the 6 regions wehere ExxonMobil workes, also which region is in the KRG and which is disputed.

The blocks are:

1. Elquş: northwest of Erbil city and formerly assigned to Komet Group but withdrawn for lack of development.
2. Başîqa: southeast of Al Quş town.
3. Pîrmam: in Erbil.
4. Bêtwate.
5. Qere-Hencîr: southwest of Chamchamal
6. a sixth block located along the border with Iran near the Pêncwên border crossing.

most important ones are the ones in Sheikhan known as the "sliced off areas" they are Başîqa and Elquş, KRG controls it but its is not official like Khanaqin and others. the word of Exxon will begin in Jan 2013.

here is an interesting read about the ExxonMobil contracts
http://dalesmann.com/fruit-and-veg-exxons-6-blocks/
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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A new legislation for Kurdistan's mineral resources

Kurdistan, July 14 (Niha24) - Kurdistan Parliament is working on drafting a new legislation in order to dig up the mineral resources.

Because there is no law to explore for mineral resources besides the oil and gas law, the region has not been able to look for other mineral resources, this is while Kurdistan is also rich with other mineral resources thus the parliament is preparing a new law for mineral resources.

The law will allow the foreign companies to explore for mineral resources which will create more jobs for Kurdish citizens.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Some key points i want my fellow readers to know about Kurdistan exporting oil , signing contracts etc...

Kurdistan oil and gas law was drafted in 2007 , iraq is still using the "law of Saddam era" which is a centralized oil law.

the constitution articles 111 and 112 has clearly pointed out that regional governments have the right to manage their own oil affairs , but because the iraqi government is still using saddam's era oil and gas law they say "Kurdistan exporting oil is illegal and is smuggling" , but lets have a close look at this statement.

as i mentioned Kurdistan has its oil and gas law and its constitutional to export its oil, but iraq refuses to ratify a "new oil and gas law" which in the constitution which will give Kurdistan the authority to its oil affairs but because they do not like what the constitution gives Kurdistan they prefer to use the old baath party law which is a centralized oil system in dealing with oil resources which is illegal to use this law, and they say oh "it is illegal" so they dont want to ratify the law which is in the constitution bcoz it will give KRG legit authority to export its oil in the constitution , hence they want to keep using the oil law of saddam era .... who is illegal and unconstitutional ! KRG or iraq !!.

so Kurdistan exporting Oil which is constitutional is "illegal" while iraq uses saddam oil and gas law is "legal" !!!! why not pass the article in the constitution to have a "new oil and gas law" which will give Kurdistan the authority it has at the moment !!!

it is obvious iraq is illegal and they are smuggling oil not Kurdistan as we use Kurdistan oil and gas law 2007 while iraq uses saddams centralized oil law.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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US chamber of Commerce is happy Exxon in Kurdistan

Lionel C. Johnson, Deputy US chamber of commerce who is on a current visit to Kurdistan announced that, even though Exxon did not inform them about willing to operate in Kurdistan but they are quite happy about the move.

Johnson told (Rudaw) news agency "i am quite happy with Exxon operating in Kurdistan and there are also other companies who are active here in industrial, oil and gas sectors".

Regarding the limited number of US companies operating in Kurdistan he said "actually South Kurdistan is not very well known in the US, and the reason for this is people only see iraq as CNN shows it and people base their judgement on what they see on that TV".

http://rudaw.net/kurdish/index.php/aburi/15251.html
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Independent pipeline routes (red dotted)

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Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Minister for Natural Resources, Kurdistan Regional Government

Part 1,2,3

http://www.youtube.com/watch?v=7HayrJMJI8A&feature=relmfu
http://www.youtube.com/watch?v=3ICpWQ4R2FY&feature=relmfu
http://www.youtube.com/watch?v=-GMmfRvQJTA&feature=relmfu
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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More oil refinery on the way

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Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Update on oil and gas developments in the Kurdistan

http://www.youtube.com/watch?v=QhxEcH46C0c

http://www.youtube.com/watch?v=92HZ5uwxD0Y

http://www.youtube.com/watch?v=vvx_r2cL-XI

http://www.youtube.com/watch?v=CA7zZMZ0XSc
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Kurdistan sees gas export by 2014

(Reuters) - Kurdistan aims to increase lift oil production to 2 million barrels per day (bpd) by 2019 and wants companies to build pipelines so the fuel can reach foreign markets, Energy Minister Ashti Hawrami said on Tuesday.

The semi-autonomous region expects output to reach 1 million bpd by 2015, Hawrami told a panel at a World Economic Forum meeting in Istanbul, but did not say which companies or projects would help it achieve those targets.

Output in Kurdistan has fallen sharply to an estimated 50,000 to 60,000 bpd after exports were halted in March amid a dispute with the central government in Baghad over oil-revenue sharing.

"We think we can go to 2 million by 2019," Hawrami said.

Another 1 million bpd from neighbouring Iraqi provinces could also flow through Kurdistan to export markets, he said.

The South Kurdistan, which has its own government and armed forces, has already clashed with Iraq's central government over autonomy and oil rights, and halted its crude exports in April after accusing Baghdad of not making due payments.

The dispute is part of a broader political crisis in Iraq, where a fragile government composed of Shi'ite, Sunni and Kurdish blocs is struggling to overcome deep splits over power-sharing.

"If Iraq is serious about reaching 8 million bpd of exports, at least 3 million of it will come from the north," Hawrami said. "Within a couple of years there will be additional infrastructure to get the isolated crude of Kurdistan to market."

The existing pipeline from Kirkuk's oilfields to the Turkish port of Ceyhan has maximum capacity of about 1.5 million bpd, though only about a third of that flows through the aging link, often the target of attacks by insurgents in Iraq and Turkey.

Hawrami said his administration wants the private sector to build a new pipeline link that would solely carry the heavy crude extracted from Kurdish fields within two years.

"This is not an alternative to Kirkuk-Ceyhan, but additional capacity, and it is not really a pipeline to bypass current infrastructure," he said.

Kurdistan aims to double export capacity by next year from the current 300,000 bpd or so and then lift it to 1 million bpd, he said.

Exports by the end of 2012 are seen at 175,000 bpd, the Kurdistan Regional Government has said.

As for natural gas, the Kurdistan region will be ready to export it within two years, Hawrami said.

Turkey will be the primary destination, and excess gas will be shipped on in whatever facilities exist, he said.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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DNO - Kurdistan

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Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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8.7 billion is what is estimated in GKP Sheikhan fields alone, so far 3 billion found
The Kirkuk field comprises three main structures: Khurmala, Baba and Avana.

Kirkuk oil field is a giant field stretching 100 kms long and 20 km wide , it consists of three major structures, baba, Avana and Khurmala. The last two ARE in Kurdistan Hewlêr province even though it's called Kirkuk oil field but not all of it lies in Kirkuk. Iraq has been stealing oil from baba field since oil was discovered there 90 years ago, we are In total control and using the other two structures well only Khurmala is developed for now for local use they will be used for local supplies prob for ever, there are branches connecting one of them to Khabat refinery and a gas pipeline that is connected to power stations in Hewlêr and Suli. iraq will prob keep its baba field as says in the constitution article 111 "all existing fields will be under central, but newly discovered fields and pipeline will be under the regions control its found and developed at".

Baba field is very old it has several wells one dried up last year so I think in several years the rest will dry up. Then the oil branch connecting baba fields to Iraq-ceyhan port will be useless and might be disconnected or left to be a museum.

What is important is Khurmala and Avana which hold huge amount of unannounced reserves, Khurmala is now supplying entire SK with local fuel as well as gas to pump the power stations , Avana is not yet given to any company yet I think KRG will keep it for local consumption like Khurmala and both are giant fields I tell you that.

Khurmala Dome Begins Providing Fuel for Kurdistan
http://www.gulfoilandgas.com/webpro1/MAIN/Mainnews.asp?id=8585[/quote]

this photo shows WHERE the fields are

Posted Image

and even with the baba field , both the governorate of Kirkuk and the KRG must also be present with the federal government in any discussions and agree over the Baba structure’s development. since kirkuk is a Kurdish historically not an IRAQI one (thanks to the British and french , NOT) .
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Gulf keystone petroleum facilities in KRG

GKP awarded contract sites
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Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Khormor – Chemchemal - Hewlêr LPG Pipeline

Employer: Crescent Dana Gas
174 km 24" ,1 km 16"
Total : 175 km

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2 Qnt 24" Pig (Receiver) Station
2 Qnt 24" Pig (Launcher) Station
4 Qnt 24" Mainline Valve Station
1 Qnt 16" Take-off Valve Station

http://www.vemak.com.tr/eng/completed/erbil.html#
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Kurdistan Oil activity 2011

http://img269.imageshack.us/img269/1/krghawkstonekurdistanoi.jpg
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Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Bazian refinery

Posted Image
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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You can see in this photo , Kirkuk's giant oil field is 2/3 controlled and falls under KRG borders and jurisdictions so the only remaining section (Baba) is in Kirkuk and KRG wants to have at least half control over it..

(Khurmala) is already producing oil by KRG , (Avana) in Makhmour which is under KRG (untouched) , so it only remains the bit that lies in Kirkuk province (Baba)

Posted Image

i say the news published by the turkish newspaper is quite interesting as US already knows KRG controls 2/3 of Kirkuk's giant oil reserve
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Gulf Keystone in court battle over Kurdistan fields

By Sarah Young

LONDON | Tue Oct 9, 2012 10:17pm IST

Oct 9 (Reuters) - Gulf Keystone, one of the biggest companies listed on London's junior AIM stock market, is due to start the defence of its ownership of a huge oil field in Kurdistan in a London court this week.

The company has long been touted as a potential acquisition target for an oil major looking for a foothold in Kurdistan, but the looming legal battle has been cited as a potential obstacle to any takeover deal.

Kurdistan is emerging as an attractive oil region for big western oil companies. Exxon Mobil, Total and Gazprom have all taken acreage there over the last year, lured by the lucrative terms on offer in semi-autonomous region.

Gulf Keystone will contest claims made by Excalibur Ventures LLC at the English Commercial Court. The claimant, which commenced legal action in 2010, asserts it is entitled to an interest of up to 30 percent in all of Gulf Keystone's blocks in Kurdistan.

Gulf Keystone's prize asset in Kurdistan is the Shaikan field, which could hold up to 15 billion barrels of oil - a volume which would make it one of the biggest discoveries made anywhere in recent years.

Under legal orders, Excalibur has paid 6 million pounds ($9.6 million) to the court as security for Gulf Keystone's legal costs, and 3.5 million as security for the costs of Texas Keystone, a U.S.-based company against which it has also made the claims.

Texas Keystone, a company founded by Gulf Keystone Chief Executive Todd Kozel and of which he is still a director, holds a small interest in the Shaikan field in trust for Gulf Keystone.

Kozel, whose expensive divorce attracted media coverage nine months ago, is one of Britain's highest-paid executives, having earned around $20 million in 2011.

The court case, which is expected to take between 10 and 12 weeks, was scheduled to start on Wednesday but was delayed by the judge.

Shares in Gulf Keystone closed at 205.75 pence on Tuesday, down over 50 percent from an all-time high reached in February, and valuing the company at about 1.75 billion pounds
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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so khurmala is finally developed ?
talabani = jash
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Russia's LUKOIL joins rush to export Kurdish oil

Wed Nov 28, 2012 1:12pm GMT

* Third firm to export Kurdish oil after Vitol, Trafigura

* Baghdad quiet, has said before such deals illegal

* Baghdad wants Russian, Chinese firms to take over from Exxon

By Julia Payne and Ahmed Rasheed

LONDON/BAGHDAD, Nov 28 (Reuters) - LUKOIL has bought oil from Kurdistan, defying Iraq's ban on trade with its independent-minded region, but the Moscow firm has so far avoided the wrath of Baghdad, which hopes Russians may step in to tap its big fields further south as Westerners bail out.

Exporting oil independently of the central government is the latest of many defiant moves by the Kurdish regional government, which also signed deals with oil majors like ExxonMobil of the United States to develop its resources.

Baghdad has long insisted it has the sole right to export oil. It considers any other business illegal and tantamount to smuggling by the ethnic Kurds in KRG.

Yet LUKOIL's Geneva-based trading arm Litasco has become the third company to buy Kurdish condensate, or very light oil, five industry sources told Reuters - following in the footsteps of two of the world's largest trading houses, Trafigura and Vitol.

BLIND EYE

Those earlier deals, in October, provoked an angry response from the Iraqi central government, which said it had the right to "legally pursue all those who participate in smuggling".

But this time round, Baghdad seems to be turning a blind eye.

"After checking with concerned parties, we got confirmation that LUKOIL has not purchased any kind of crude for the benefit of the KRG," said an official from Iraq's state oil marketer SOMO, referring to the Kurdish Regional Government.

Iraqi government officials declined to comment.

Industry sources told Reuters that Litasco had chartered the tanker Cielo di Napoli to load around 19,000 tonnes of the Kurdish condensate from the port of Toros at Ceyhan in Turkey. The tanker sailed on Nov. 21.

LUKOIL, Russia's No. 2 oil producer, declined to comment.

A spokeswoman for Litasco did not comment on the deal. She said the company "consistently endeavours to meet obligations towards its partners which are strictly in line with all the obligations and commitments of the whole group".

The condensate was bought via the intermediary Powertrans in a public tender, traders and industry sources said, similar to the procedure Vitol and Trafigura used to buy supplies. Litasco won the tender at a $3.00 discount to naphtha prices, beating competing bids from Trafigura and Socar, one participant said.

Iraq considerably depends on Vitol and Trafigura for its fuel imports, but there is much more at stake in the LUKOIL case as the company is one of the biggest investors in the country.

Baghdad has said it would like to see Russian and Chinese companies taking over from Exxon, which wants to pull out from southern Iraq's $50-billion West Qurna 1 project as it prefers contract terms available in Kurdistan.

"It's difficult for oil companies to resist the temptation of contracts offered by the Kurds, which represent a prize compared to Baghdad's tough terms," said Ali Shallal, an Iraqi oil analyst and legal expert.

"If LUKOIL is targeting Kurdish oil, then now is the best time. Especially since it is favoured by Baghdad to fill the gap left by ExxonMobil," said Shallal, who specialises in drafting oil contracts.

TRUCKS GO TO TURKEY

LUKOIL plans to invest around $25 billion through a 20-year deal to develop the giant neighbouring West Qurna-2 deposit and has said it would be difficult for the company to commit itself to another huge project.

On Wednesday, it said it would decide by the year-end . Both Qurna projects are key to Iraqi ambitions to at least double output from its huge reserves and produce 6-7 percent of oil in the world.

Such plans are now being threatened by the pullout of firms such as Exxon and plans by French rival Total and Russia's Gazprom Neft to tap Kurdish fields.

West Qurna-2 alone is expected to produce 500,000 barrels per day in 2014, gradually rising to 1.8 million bpd.

The Kurdish regional government, lacking pipeline routes, began sending trucks laden with condensate to Turkey in July as part of an agreement with Ankara. In return, Turkey will export diesel and kerosene. Toros is one of two Turkish terminals which is designed to receive truck tankers.

The KRG Kurds and the central government have a long- running dispute over oil payments and exploration, which led to severe export delays this summer when Kurdistan blocked exports over a payment dispute.

The two sides have been unable to agree on an amended hydrocarbons law drafted in 2007.

The Iraqi government fears the increasing independence of Kurdistan could destabilise the country. Prime Minister Nuri al-Maliki wrote to U.S. President Barack Obama asking to intervene and dissuade Exxon from going into Kurdistan.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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hevalo27
Nov 26 12, 4:41
so khurmala is finally developed ?
Yes hevalo a long time ago :)

http://www.kar-k.com/index.php/foo/oil-petrochemical/khurmala-oilfield
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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TAQA acquires operating interest in Kurdistan block

November 30, 2012, Abu Dhabi, United Arab Emirates – Abu Dhabi National Energy Company PJSC (“TAQA”) has signed an agreement to acquire a 53.2% interest in the Atrush block in the South Kurdistan from General Exploration Partners, Inc., an affiliate of Aspect Holdings, LLC.

Carl Sheldon, Chief Executive Officer of TAQA, said: “Atrush is a highly prospective block in a new growth area with significant upside potential. This entry into a pure exploration play demonstrates how TAQA is leveraging its experience as an operator of complex oil and gas assets. It fits our strategy to build on the UAE’s strong bilateral bonds in the Middle East and North Africa (MENA), and to become an operator of scale in the markets we choose to compete in.”

In April 2012 TAQA announced its agreement to acquire a 50% interest in the 1,000 MW Sulaimani gas-fired power plant in the South Kurdistan.

The Atrush acquisition adds a new MENA dimension to TAQA’s operated oil and gas business, which is currently focused on North America, the United Kingdom and the Netherlands. TAQA produced in excess of 134,400 barrels of oil equivalent per day during the first nine months of 2012.

David Cook, Executive Officer and Head of Oil & Gas, said: “The addition of Atrush to TAQA’s oil and gas portfolio is perfectly in line with our growth strategy. This opportunity builds on our capabilities, and underscores our ability to evolve TAQA’s operating position in the MENA region.”

The acquisition will be funded from corporate resources and is expected to close in December 2012. Subject to consent by the partners and the Kurdistan Regional Government, TAQA aims to become operator of the block.

http://www.taqa.ae/en/news443.html
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Qandil
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Second Oil and Gas Conference in Kurdistan kicks off

Kurdistan province launched Monday the second conference of oil and gas with the participation of local and international officials and the participation of 28 companies at the top, Exxon Mobil Company.

The conference began in the capital of Kurdistan Region, Hewlêr, at the presence of the head of the provincial government, Najervan Barzani , the Deputy of the Iraqi Prime Minister , Ruz Nuri Shaways in addition to the deputy of the Turkish Energy Minister and the former Venezuelan Deputy Minister of energy.

It is scheduled that the conference will continue from the third to the fifth of current December.

Source: http://hawlergov.org/en/article.php?id=1354526139
"Kurdino! Bibin yek; eger hûn nebin yek, hûn ê herin yek bi yek." - Cigerxwîn.
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Kurdistan declares its quest to export 250 thousand barrels of oil per day

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The President of Kurdistan Regional Government (KRG), Najervan Barzani announced Monday that his government was working to achieve the export capacity of crude oil to 250 million

barrels per day, adding that this will provide more than eight billion dollars for the Iraqi general budget.

Barzani said during opening the second conference of oil and gas, which is organized by "CWC" Oil Company in cooperation with the regional government in Erbil, attended by "Shafaq News” that "Kurdistan is seeking to raise its export of crude oil to 250 thousand barrels per day in the near future."

Barzani said that “the revenue of this quantity of the exported oil from Kurdistan will reach annually more than $ 8 billion added to the Iraqi budget," adding that "this amount will be good for all Iraqis wherever they are."

It is worth mentioning that the oil contracts concluded by KRG have been a subject of difference between Erbil and Baghdad, as the latter insists that the contracts are unconstitutional because oil and gas is from the authority of the Federal Oil Ministry exclusively, on the contrary of Erbil’s interpretations for the constitutional item on oil and gas, which gives the province the right to explore, produce and export on the condition that the its imports would go to the Iraqi treasury.

Source: http://www.shafaaq.com/en/news/4235-kurdistan-declares-its-quest-to-export-250-thousand-barrels-of-oil-per-day-.html
"Kurdino! Bibin yek; eger hûn nebin yek, hûn ê herin yek bi yek." - Cigerxwîn.
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